Bisbee daily review., 1914-05-03
TUCSON BANKS ARE AMALGAMATEDj STRONG
 COMBINATION IS MADE
ARIZONA NATIONAL BANK AND MERCHANTS BANK e TRUST
 co. COMBINE INTERESTS

GO. WblNE TN EhEo 5
 TUCSON, May 2-The purchase of Che Merchants Bank ana Irus, Co., ol Tucson by the Arizona National Bank yesterday was one of the biggest bank ing deals in the history of the State. and marks the establishment Of one Of the strongest banking institutions of the State and is an event in financial circles that will mean much to the future of Tucson and the vicinity
 The deal by which the two insutu- tions were merged under the control of one company was made yesterday and will be completed today. The whole time during which details of the transaction have been arranged has covered a period of sixty days. and has included a thorough and ex- haustive examination of the coudl- tions of both banks by banking ex- aminers and officers of the two in- stitutions
 The price paid for the Merchants Bank and Trust Company was 3l4O per share for the 500 shares of Che stock of the company a total of S700OO The principal stockholders of the Merchants Bank and Trust Company will become shareholders in the Arizona National Bank Company. and the combined number will be forty-four, comprising a goodly pro- portion of Tucsons leading business men and property holders
 The consolidation Of the two banks under the control of one company does not however mean any chanee in the administration of Che business of the banks. and each institution will preserve its separate identity as will preserve its separate identity as before. The Arizona National Bank will make a specially of commercial accounts and the Merchants Bank and Trust Company win continue to make a feature of it's saving account department and trust business.
 Both banks win occupy their pres ent quarters, the Arizona National aft Congress and Stone. and the Mer- chants Bank and Trust Company at Scott and Congress streets.
 The combined capital and surplus of the two banks will aggregate S2OO.. 900 and the deposits will amount to more than $l,OOO 0OO The Arizona National Bank has acapital of SI0O. GOO and S25,000 surplus, and the otl CT institution which has been pur chased, has a capital of $5OO00 and Sz5.O00 surplus
 The Arizona National Bank is one of Che oldest institutions in Arizona About a year ago the bank was pur chased by the new management. and the deposits have been increased from 2320O00 to STO0.000 The direc tors at present are. Charles r. Solo mon, Dr. H. w. Fenner, B. M. Jacobs Ph. Freudenthal of SolomOuville. l. F Solomon of Solomonville, Nose Drach man, Fred Fleishman, Judge John II Campbell F. W. Clayton Of Stafford Fred Ronstadt and George Pusch
 Charles r. solomon is president Ph Freudenthal and Nose Drachman vicD presidents. and F. IT, Thorpe is thD cashier
 The Merchants Bank and Trus Company was organized in 1907, an, is the youngest banking institution in Tucson It has now deposits O more than S250.OOO. The bank ha been interested in bringing foreigl capital for use in agricultural opera tions mi the Santa Cruz valley. an another innovation has been its sp5 cial feature of savings accounts an the announcement of bank account among school children. These spccia features will be continued under th new management
 Its present directors are J. Kno Corbett, J. B. Ryland. Alex Ross John Heidel, John l. Reilly w. Corbett and Fred Fleishman, The O. ficers are W. J. Corbett, president John Nets. vice president; Byr Brooks. cashier; Nose Kelley an w. M. Pryce, assistant cashiers
 The new stockholders of the Ne chants Bank and Trust Compan will meet on April 30 for Che pu pose of selecting seven new director and the new directors will meet late to select the officers under the ne organization.