The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-08-30
AC TION RATIFIED
BYSTOCKHOLD ERS
New First National Bank to
Open for Business on Tues
day, September g.
THIRTY TWO BOARD MEMBERS
First National Declares Cash
Dividend OF Sl5o.ooo-Terms
of Consolidation.

Stockholders of the First National
Bank and thu National Bank OF Viz
sinia Yesterday ratified the action of
ih"ir boards OF directors. which RECON-
mended the consolidation Of the two
institutions under the name OF the
tifst National Sank. The fun plan
OF consolidation as promulgated by the
boards of directors was adopted. ana
tile consolidated bank Will omen ON
September in the present quarters
OF the National Bank of Virginia. at
the corner OF smith and Main Streets.
d'asonaliy across from the new build
ms which viii not be occupied before
January /.
, rhe following officer. were elected
w NJ Habliston. chairman board of
directors John Is. Purcell. president:
'pHn N. Miller DR., vice-prcsldcnt. W.
Al ADDISON. cashier The assistant
e'shlers VIII he named later at a meet
ng OF the new board Of directors.
l'ulI Hoard of Directors.
ny lhc terms OF consolidation tho
directorate Will now consist of thirty
TWO men. fourteen of them con,ine
tum the National Bank OF Virginia
inc others being members of the pres
.nt directorate of the First National
Bank
Thv fun board of directors win he
as follows " NJ Hahliston ocbai,-
mani H. l.. Cabel. r. NJ Carrinrton
baDney Crenshaw. a. H. Christian.
'Fr CHARLES Davenport, G. A. Davcu-
i".' J"hn g. Easley. . H. Funston
John NJ Miller Dr.. Frederick y Xol,.
ms John Il. Purcell. T. NJ Ruther-
,''iu IT, y. Saunders Fritz Sitter,lina
stern, A. u. Williams Henry "
" oou' Coleman WORKMAN. w NJ Ad-
r!Soh' George j. Christian. T. a Carv
nppa Hunton. Jr. William T. R.sd
H. c. Reunolds. :. W rrsycrs p ~,
Wexford, r d Williams. John SKI
, ,,nn Williams John r Wilson r =
Williams Jr j G Tlnsley.
'',i''e'lai'ly after tn" stockholders
I,.,,eeths the board OF directors of the
liz, National Bank declared a cash
u., ,"ehd of >l5oo0o payable forth
Nm an" assiened TO i've trustees
g"nn Is. Purcell John NJ Miller 1r
p"pneY Drenshaw. T NJ Darlington
.'u oiyinah Northam-the remaining
i'Se'S oil the bank over and above ,he
amount contributed to the capital ANN
urp'us OF the consolidated banl,
IN me aggregate this viii a,no,,,,
S'VV'VV" and the trustees arc dirac,,a
Il" convert into cash as soon as n.,,e,s
D1''. ana distribute it pro rata 10 tho
s'ockholders of the First Nnt;o,'aI
hahN as Of record, August % IRON
Time to time
biggest I.anI in South.
NJ iiabiiston. president OF ,bo
National Bank of Virginia. ,vho -
hrs' plaoe in the new orraniza,io,,
Yesterday gave out the following statc'
the stockholders Of the National
Bank OF Virginia gave instrmc,to,s
that their fun quota Of stock in 1 ms
'Vhso Niated First National Rank
amounting to Si35O.00O. should .ho nnii
IN cash. u is estimated that tn, s,ncls'
hoiderS OF the National Bank ~ VI.
Sinin VIII he paid. addition 10 mo
STOCK mat has been paid for i'm nm
'ash dividends. amounting To between
~ per cent and 80 per cent on their
present holdings In the National BArl,
OF Virginia. Tho consolidation vvas
drought about for the hest interests
OF hoih Institutions the National Rank
"l virginia getting its full proportio,,
OF directors and stock i'm tho ENLARGED
'"ik ana It's fun proportion of officers
ana clerks The name OF the First
N"uonal Bank was selected after care
ful consideration as best for the ncw
institution. believing that it win not
only he the First National Bank hut
VIII really be the foremost bank
OF Virginia as 1T will be the largest
hank i'm tho state and the largest Ma
tional bank between Philadelphia and
New Orleans
AS set forth in the terms o. CON
solidation which have already been
published the now hank will have a
capital stock OF $1,000, 900. surplus OF
Sl.oooooo and deposits of between
$4,000 600 and $4,000 900 AS to the
clerks il is said that only five or six
viii he thrown out Of employment by
the change They will be paid their
fun salaries for two months provided
they do not obtain permanent employ
ment in the meanwhile