The Birmingham age-herald., 1911-05-07
Peoples SaOin9s Bank
 : Sold By Owners To The { American Trust BdnR
Entire Business Is Transferred All Accounts Will Be Found At American Trust Tomorrow-Formal Statements
 Issued By President Henry B. Gray and Presi- dent Webb w. Crawford

The American Trust and Savings bank of which Webb W. Crawford is president purchased the Peoples Saw dngs Bank and Trust company of which former Lieut., Gov. Henry B. Gray is president, yesterday.
 Official announcement of the trans action, signed by the two executives, was issued last night
 In their announcements MT. Gray and Mir Crawford state that the of fcers of the Peoples Savings Bank and Trust company will be found at the American Trust and Savings bank to- morrow at which time all accounts will be transferred to the new institution.
 The retiring president, Henry B. Gray, bespeaks kindly consideration of the new owners of his business and asks that all depositors continue their relations with the new bank.
 The American Trust and Savings bank ss lust about to erect an 1S-story bank building In Birmin gham.
 The formal statements issued last night are as follows:
 Mir. Grsy's Statement
 We have this day sold to the Amer lean Trust and Savings bank the busi- ness of the Peoples Saving Bank and Trust company. All depositors will find their books and balances on Monday morning a the American Trust and Savings bank.
 "The American Trust and Savings Bank has assumed the payment of all de- positors balances and we request that all of our depositors continue their bus mess with the American Trust and Saw ings bank which will extend them ev cry favor and courtesy consistent with sound Banking
 All of the officers of the Peoples Savings Bank and Trust company will be found at the American Trust and Savings bank and will be prepared 10 properly adjust the transfer of accounts from the Peoples Savings Bank and Trust company to the American Trust and Savings bank
 We wish to thank our customers and friends for the many favors shown us during the past 20 years that we have been in business and request that all of them continue their accounts with the American Trust and Savings bank. PEOPLES SAVINGS BANK AND TRUST COMPANY
 By Henry B. Gray. President"
 Mir. Crawford's Statement
 We have today purchased the bus mess of the Peoples Savings Bank and Trust company and assumed the pay ment Of all depositors' balances. The officers of the Peoples Savings Bank and Trust company will be found at our bank to adjust the transfer of bal -e a1he business of all the former de- positors of the Peoples Savings Bank and Trust company We assure each and everyone that they will be treated with every courtesy and favor consis- tent with sound banking.
 AMERICAN TRUST AND. SAVINGS BANK,
 By W. w. Crawford. President"
 Has Ample Capital
 The combined capital and surplus of the American Trust and Savings bank will be S750.000 with resources of s5,- o00 900. The capital will be s500000 while the surplus will be S25o,o0o. This places the American Trust in the best kind of shape for the further expan sion of what has proved to be most successful institution.
 The bank will occupy its present site. corner First avenue and Twentieth
 
 business will be transacted from the old Berney National bank building. now being remodeled. This will be done in order that the contractors may begin work on the magnificent skyscraper which has been designed and approved by the American Trust.
 The banking rooms of the Peoples Savings bank in the First National bank building will be utilized by the First National hank. President Harding stated last night that they would be used by one of the departments of his institution.
 The officials of the American Trust and Savings bank with the board of directors follow The board composes some of the most conservative and widely known men In Birmingham and they have been With President Craw- fsrd in upbuildins the American Trust for many years. The list follows: "t G. B. Mccormack. chairman of the board.
 Officers and Directors
 W. W. Crawford, president
 H l.. Badham. vice president.
 c. M Williamson, cashier.
 Edward B. Crawford. assistant ". C. Hamilton, assistant cashier
 Directors:
 G. B. Mccormack, chairman of board of directors.
 II l.. Badham. president Besseme CT Coal, Iron and Land company.
 ]. w. Mcqueen. vice President Sloss- Sheffield Steel and Iron company.
 M w Bush. general superintendent Woodward Iron company.
 Jones c. Mooore. general superin- tendent Sloss-Sheffield Steel and Iron company.
 Louis V. Clark. of Louis V. Clark & Go.
 P. C. Shook, iron merchant.
 James Bowron. vice president South ern Iron and Steel company
 W.,J. Dapgax, insurance. Eugene Ties. of Ties & Son.
 IT. c. Abbott, of H. C. Abbott & Bro. jewellers.
 Walter Moore, president Eldorado S Coal company.
 J. H. Dean, president Birming gha m Slag company
 ssSA. B. Loveman, of Loveman, Joseph ' SdslI.oeb
 x R.siM. Goodall of Goodall Brown & C0XRwhol olesale dry goods. K {JND. Kirkpatrick, president Kirk | NpetrNs4 Sand and Supply company & Hls5X. Mccormack. general ma ger $fHG{f Ions lated Coal company. W.4 Kettig, local manager of Crane EC.onip&hy. Chicago N f sJoHp I Parker. druggist IHl FZT+iE NTfJpar Sarrato -.