The Paducah evening sun., 1910-03-03
Two National Banks Consoli.
date. II Directors Plan
Prevails.
Merger VIII Take Place About
April. IS.
CITY NATIONAL OFFICERS

Announcement Is made today OF
the consolidation OF the City National
bank and the American-German Ma
t'onal bank. OF this city, two OF the
oldest and strongest banking institu.
tSons In the state. under the name OF
the City Nstlopal bauk.
Pans for the merger have been
under consideration by the directors
OF the two institutions for several
weeks. and definite agreement was
reached AZ q meeting OF the two
boards OF directors at the American
German yesterday afternoon. The
only detail remaining now rs the ratl-
hcation by the stockholders OF the
two banks. which will be given al
meetings to BE- held on April I. The
new bank will commence business
probably on April 10.
The merger gives Paducah one Of
the biggest banks In the south. The
capital stock will be $500. coo, sur
plus e260.0 aud undivided profits
s2o 03t5t.
The deposits wiz b. a million and
a quarter. aud total resources over
two million dollars.
Samuel u. Hughes. president OF the
CITY National bank. viii be The prcSi-
dent Of the new bank; Louis NJ.
Rleke. president OF the American
Germnn. will be chairman OF The
board OF directors. In an active on
cial capacity and Joseph l.. Fried
man. vlce-presldent OF the City Ma
tsonai bank. win hold the same once
with the new James c. Utterback,
oashies OF tho City National bank,
viii be cashier.
The consolidation means much for
the city and the two hanks interested.
In taking over the American-German
interests the City National bank will
issue 900 600 new stock. Most OF
II Win so TO tho present holders OF
the AmericansG-rman stock. but q
portion Will be sold on the outside.
The AmericaD-German National
bank was established In 1879. the
City National bsok year later. and
both have long been recognized as
biz factors IN the commercial growth
and Development OF the city.
The Onicer-.
Mr. Hughes has been president OF
the City National bank i3 years and
has been connected with " over 30
years. He Is deemed one OF the best
bankers In the state.
Mr. Rieke has boen president OF
the American German for two and q
half years and his record In tho great
development os that institution In
that time justified the judgment OF
the men, who were Instrumental IN
inducing him 10 leave a commercial
career to engage In banking. He Is
partner in the wholesale dry goods
house OF @. H. Rueke a SOUS. and his
acquaintance extends over west Ken
lucky. Tennessee and southern Illi-
nois.
Mr. Joseph L. Friedman probably
Is Identified with more Paducah, In
dustries than any other man In the
city. He Is at the head OF Friedman,
Keller a companv. the wholesale
whisky and disabling Arm; president
OF the traction company and ddector
In many OF the prominent corpora
tlons OF the city
Mr.. James G. Utterback started In
with the City National bank over 20
years ago. as a messenger boy. and
has won rapid recognition. He Is
president OF the State Bankers asso-
clation and president OF the CONNER
clal club. aud has been identified
with the organization and develop
ment Of many OF Paducah's best in
dustrjes.
Rhnkin Kirkland. cashier of tbs
German bank. and Mr. George Baker
the teller. will be taken care OF IN
the new institution.
The directory OF the New City Ma
tional bank will be made up from the
following list OF directors OF the two
banks:
The present directors of the City
National bank are: s. b. Hughes. ]
G. Utterback, A. Il. Anspacher. s. A
Fowler. j. l.. Friedman. Brack Owen
DR.. j. q. Brooks. ID. H. Hughes.
The directory of the American
German National bank Is composeC
OF the following gentlemen: L. NJ
Rieke. w. II. Bradshaw. l.. +. Kolb
Muscoe Burnett. II. r. Hank. j. A
Bauer. G. r. Rieke. II A. Peter. w
X. Holland.
The $500 900 ten-story building th'
City National bsnik Is erecting a
Fourth street and Broadway will b
ready for occupancy the first OF The
year. and the present quarters OF ths
two banks will be rented for mercan