Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-11-27
Makes Biggest and Strongest
Financial Institution in
the State.
CONSOLIDATION TOMORROW
Most of Officers and Employees
Will Remain on job;
Brownlee Cashier.

tional and the Planters National bank,
late last evening, announced the i'm
pending consolidation of these two in
stltutions to occur at the opening of
business tomorrow morning.
This consolidation has been ru-
mored for the past month and had
been held up during the past two
weeks by legal tangles that had TO be
strengthened out before the plan could
be consummated.
II does more than simply make the
biggest bank in Oklahoma. 1t brings
to the already great service of the
Exchange National the services and
policy that has built up the Planters
National bank from the smallest In
stitution in the city to one OF the four
leading banks In point of deposits and
TO one of the three leading banks OF
the city in point of patrons 1t has
truly been known as "the bank made
big by small accounts" for while many
| OF It's patrons are men Of means, II
has built the great bulk of its busi-
ness out of the development of small
business patrons into larger ones. This
policy added TO the efficiency of the
Exchange promises continued and
greater possibilities in the consolida
ton.
Forces Consolidated.
Practically all the stockholders. Of
ficers and employees of the Planters
National will go over to the consol.
dated banks. This will serve to render
the surroundings of their patrons more
pleasant and confirms the claim that
| this liz a consolidation and not a pur-
chase of stock interests.
Following the announcement. Mr.. F..
W. Sinclair, president of the Exchange
National bank. issued the following
statement:
Il wish to impress on the general
public that the consolidation of the
| Planters National bank and the Ex-
| change National bank is not pur-
chase on the part of the Exchange
National. but is a consolidation of
every interest of both institutions.
This consolidation has been effect
ed thru mutual agreement of the
! stockholders Of each OF the banks, be-
cause officials of both institutions felt
that such n move would be the means
of better service to the patrons OF both
banks"
Preceding the agreement TO con-
| soil v'ate the officials OF each bank
went into every phase of the situation.
We found the demands of the nation
had drawn and threatened to draw on
the man oower OF both institutions to
n degree that made mutual support
advisable. We found that the new
home of the Exchange National bank
is equipped to handle the business Of
n city much larger than Tulsa and
that the demands OF the patrons OF
| both banks can thus be met In n bet
ter manner thru the cooperation Of
| both forces.
In this connection 7 wash to pub
licly compliment the officials of the
Planters National bank on the finan-
, cial condition our investigators found
In that bank We made thoro exami-
nation of their loan and other de-
partments and found that they had
accomplished the building of bank
ing institution in which they could find
Just pride. We found that their line
OF patrons was OF high average. We
found life and vigor in all depart
| ments,
For these reasons may I repeat.
| TIE one motive for this consolidation
is a mutual desire for better service to
our patrons. Planters National bank
patrons will find the same men and
policy they have heretofore encoun-
tered, bettercd with the additional
facilities permitted thru the size
equipment and policy of the combina-
tion. Very truly yours, f. W. SIN
clair"
Wright's Statement.
Mr.. G. N. Wright. who has been
president OF the Planters National
bank for the past ten years. issued the
| following statement:
Representing the stockholders and
officials OF the Planters National
bank ! take considerable pride in
making this statement OF the impend-
| ing consolidation OF our institution
with the Exchange National bank.
J AS n mere matter OF sentiment
we admit n regret Mt tho passing OF
the Planters National bank, yet we
realize that by this change Is effected
possibilities Of larger better serv-
| Ice TO our patrons
1--WE firmly believe that our patrons
will consolidate thru this change. We
are sure no other belief could have
induced us to make the change"
'tBoth banks have taken mutual
appraiscmcnt OF the situation from
the standpoint of service to our pat
rons and public conservation, a sub
iect of very pressing national and
local demand.
This consolidation has been made
! absolutely alone on our mutual de-
cisian on these two subjects With an
equipment far in excess OF present
demands and with the added man
power possible thru the cooperation
| of officers and employees of both
banks. there Is no doubt that the re-
quirements Of the Planters National
patrons and those of the Exchange
National bank will be met In more
thoro and comprehensive manner.
THE Planters National bank has
grown from the baby bank into n Wig
orous contender for honors among the
big banks of this great city. This
has been due simply to the real friend
shlp that has always existed between
tho bank and Its patrons.
1--WE want our patrons tn appreciate
this very fact and know that II will bo
our constant effort to continuation
OF these relations under the new con-
ditiors. Wednesday morning you will
find all OF us on hand to gree. and
help you In our new home Mt the
Exchange National bank. Yours very