Los Angeles herald., 1910-04-09
BIC CHANGE IN BANKS;
800 SHARES ARE SOLD
Col. ]. B. Lankershim and ]. B.
Mitchell Out of Bank of
Southern California

An event of importance In banking
circles is the purchase of the j. b.
Lankershim and J. w. Mitchelps In
terests in the Bank of Southern Call
fornia by J. M. Neeland, +. II. Haskell
and A. c. Hupp. The interests In
volved comprise something over 800
shares and the price to be paid for the
stock is s112 a share. Messrs. Lanker-
SHIN and Mitchell sell their interests
and retire from the bank because their
other business prevents active partici-
patton in the conduct Of the institution.
This deal which eliminated within
the past few days is the result of nego-
tlations which have been pending for
four months, when Messrs. Haskell and
Hupp came to Los Angeles from IL
linois, where they had previously been
engaged In the banking business, both
being bankers of twenty years ex-
perience. Mr.. Haskell assumed the
oasniership OF the Bank of Southern
California shortly after his arrival here
in January, and after a careful study
of the banking situation In Los An
geles he, together with Mr.. Hupp, de-
termined that the opening offered In
the Bank of Southern California was
worthy of the investment of their funds
and their active energies.
Mr.. Haskell will assume the presi-
dency and Mr.. Hupp's name will be
adueu TO lno ulreClOfys I1o diSO as
sumes the duties of cashier, vice Mr..
Haskell.
Mr.. Neeland, who has been the
banks president, will remain as an
active director, but In resigning the
office of president will find time to de-
vote to his extensive railway and land
interests.
The Bank of Southern California, ac-
cording to its last printed statement,
coH hfiGinnGG
in a little over one years time-since
Mr.. Neeland became interested In 1t In
January of last year-and with its
splendid location in the heart of the
new business center of the city con-
tinued growth is predicted for it.
The officers of the bank and Its
directors will be: f. H. Haskell, presi-
dent; M. N. Newmark, vice president;
Henry A. Colt, secretary A. G. Hupp,
cashier; j. T. Bum, assistant cashier
and assistant secretary; ]. M. Neeland,
w. E. Hindry, Frank A. Cattern, Luz
Glen Gray and H. ]. Dixie.
Col Lankershim, when seen by a re-
porter with reference to the sale of his
interest in the bank and his retirement
as an officer, said: Yes, Mr.. Mitchell
and myself have arranged to dispose
of our remaining interest not previously
sold to Mr.. Neeland and his associates
in the Bank of Southern California My
business and the law business of Mr..
Mitchell takes all of our time and pre-
vents us from actively participating In
the business of the bank. and we have
therefore arranged to sell our stock
to Messrs. Neeland, Haskell and Hupp.
Messrs. Haskell and Hupp have re-
Gently come to Los Angeles, and be-
lieVe they are very active, energetic
and competent bankers and that they
will build up sound and conservative
institution at Seventh and Broadway.
We pioneered it there for long time,
but now the locality Is particularly
good, and there doubtless will be a
large increase in the business of the
bank, which I hope will be the case,
and we shall continue to do business
with them and hope our friends will. :"