Bisbee daily review., 1910-01-18
"DETAILS 0F THE
 GLOBE BANK MERGER
GLOBE NATIONAL WINDS UP BUSINESS AND IS PART OF FIRST NATIONAL.
(Globe Silver Belt)

l N1aSbt oiAftI DtAt-j
 The First National Bank of Globe
 last night aborbed the Globe National
 bank. the combination forming one Of
 the strongest financial institutions in the territory. with deposits aggregat
 ing practically s1,0O0.0Oo.
 As the result, the business of the Globe National bank will today be
 transferred to the First National bank
 and the patrons of beth institutions will be accommodated at the quarters of the First National.
 The consolidation was completed at meeting of the officials of both2insti- tutions last night after the matter had been under consideration for less than two weeks..So quietly were pTepa-a- | tions for the merger made. that there was not even a rumor of the pro posed consolidation until after the transaction had actually been ef- fected.
 With the consolidation. an election Of officers of the First National bank was held. The officers are as follows. J. N. Porter. president; P. P. Greer. vice president J N Robinson. cash fer; A J. McKinnon. J. T. Brown. ari G C. Simmons. assistants. The board of directors was slightly changed. be- ing now made up Of J. N. Porter. w. D. Fisk. L. E. Wightman, Harry Sultan, P. P. Greer and J. N Robinson | of thi city and A w. Crawford of Los Angeles.
 No doubt the consolidation of the First National bank and the Globe National bank will come as some thing of surprise" said President J. N. Porter of the First National after the meeting last right. ~as the matter was under consideration fer but a short time before the transaction was completed Business interests pro moted the consolidation and it was made on terms satisfactory to both banks.
 Beginning with tomorrow the pa irons Of both institutions will be ae- commodated at the First National. The work of transferring the property of the Globe National will be done early tomorrow and patrons will ex- perience no Inconvenience whatso- ever.
 T wish to take this opportunity to thank the patrons of both the First Naional and the Globe National banks for their business and to assure both of every accommodation and cour- tesy possible in tine future We are of course, ready to pay all depositors Of the Globe National when they pre- sent their checks. but we extend a cordial invitation for a continuance of their business
 The first National Bank Of Globe Is the oldest exclusive financial insutu- ton in this city It was organized in 1899, as the Bank of Globe. by T. W. Porter and ". F. Holt In 1903 it was reorganized as a national bank NIT. Porter has been iD charge of the institution since it's first organization and it is due largely to his efforts and ability that it has grown to it's present size and strength. one of the strongest if not the strongest bank in Arizona.
 With the merger Of the two insii- tutions. A. c. Smith, who has been at the helm of the Globe National hank. since its organization four years ago. will retire, for the present at least, from banking. He has many in terets in this district and elsewhere and has not decided as yet just what line of business he will engage in During his connection with the Globe National. he has made many friends. who will regret the fact that he has found it advisable to give up banking for the present but who are pleased to know that he has done so to a material advantage.
 As yet no dispoition has been made of the quarters of the Globe National, but it Is expected that they will be &alx ~t.