Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-03-29
CITY NATIONAL AND
GERMAN AMERICAN
BANKS ARE MERGED
Consolidation Complete and Business
Will Be Continued in the Sky
scraper at Sixteenth and
Harney.
OFFICIAL ANNOUNCEMENT MADE
Officers of the German Bank Con-
troll and Most of Those Of City
National Step Out
FIAcK To- LOAN COMPANIES


As the result of negotiations that
have been going on for several weeks,
another big bank consolidation has
been effected. which joins together
the city National and the German
American state banks. The union is
in the nature of purchase of control
Of the City National by the capitalists
who are, interested in the State hank.
The new turn was apparently ex-
pedited by the recent Board OF Trade
fire. in which building the German
American bank had been located.
The official announcement of the con-
solidation is as follows:
Statement by Officers.
''rhe German-American state bank and
the City National bank OF Omaha were
last Saturday. consolidated under the
name of the City National bank Of
Omaha.
The capital of the consolidated insti-
tutions IS $4,000. with a surplus OF
siOcOOe. Deposits OF the consolidated
bank are approximately s2.5o0,OeO.
THE German-American State bank,
formerly located in the Board of Trade
building, at Sixteenth and Farnam streets,
and since the fire in that building, Fab
ruary Is, temporarily located at Fifteenth
and Farnam streets. has for sometime
been diligently seeking a good location
and this consolidation with the City Ma
tional bank. with its modern and beauti-
full banking quarters, offers complete
solution OF its desire.
John r. Flack. former president OF the
city National bank. and as we'll president
OF the Bankers Mortgage Loan company
and the Occidental Building and Loan
association both large and successful in
stitutions, retires from the management
OF the City National bank only to give
his undiidedv attention to these two
latter institutions.
The officers of the new bank are: Fred
R. Baker. president; E. l.. Thomas, vice
president John F. Hecox. cashier; ]. p.
Hackett, assistant cashier; j. D. Utendor-
fer. assistant cashier; f. c. Goerks. as
sistant cashier.
"All business Of the consolidated banks
has been transferred TO the City NatIonl
potahs WITTY tticf AddudtcInCul OI Iutbe H.
stitufions viii be glad to meet their GUS
tomers."
Officers of Bank.
The new officers of the city National.
as win be seen. are for the most pert the
officers Of the German-AmeFiean bank
who came here from Illinois last summer
TO establish this institution.
Cashier Hecox and Assistant Cashier
UtendorfeF OF the consolidated bank were
officers of the City National before the
union. The other officers under the con-
solidation we're those OF the German
American.
The City National bank was the ma
tionalization of the City Savings bank.
state bank. at the time the state de-
posit guarantee law went into effect some
five yeas argo. The achievement TO it's
credit is the part II had in helping to
finance and bring about the erection OF
the City National bank building, the first
structure Of the skyscraper class in
Omaha. in which the bank has quarters,
and where its business will be continued
The last statement of the City National,
in response 10 the comptroller's call for
March T. showed deposits of 50. 10000, and
loans and discounts of s1.iO5.OOO The
bank is a members OF the Omaha Clearing
House association.