Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-08-15
STOCKHOLDERS NOTIFIED
4 u. OF PLANS. FOR MERGER
General Meeting OF Richmond Bank
ss.., and Trust Company Called
pas, for August %.
OFFICIALS RATIFY THE PLAN
Old Dominion Trust Company VIII
Take Over Assets and Assume Re
,sponsibility for Deposits and Liza
bilities-Expcct Prompt Approval.

When the stockholders of the, Rich
mond Bank and Trust Company ratify
the agreement made between the Of
ficers of the Richmond Bank and Trust
Company and the Old Dominion Trust
Company. the Richmond Bank and Trust
. Company will have lost its identity
through the consolidation Of the two
CORPORATIONS and become a part OF the
Old Dominion Trust Company. the COM
pact already having been signed by
tho heads of the two concerns.
1t has been known for some time that
a merger between the two banking
houses has been under consideration.
1t has been decided that the Old Do
minion Trust Company will not lose
it's identity, remaining under the same
name and the same direction, except
that few OF the executive officers of
the Richmond Bank and Trust Company
will be given official positions in the
enlarged corporation.
In this consolidation, which merges
the interests of two of Richmond's
strong and substantial institutions, re-
sources to the extent of many millions
Of dollars arc involved. The details Of
the merger have not been made pub
lie
10Th ARE wELL-kNOWN
.i.Is, BANKING INSTITUTIONS
The Old Dominion Trust Company
was organized four or five years ago
by NSilliam NJ. Habiiston, who is now
president of this institution, which is
capitalized at 100000 and also has
surplus OF 100000. The other Of
ncers are: NJ. c. Branch, vice presi-
dent Henry l.. Litchford. vice-presi-
dent and treasurer: w. II. Slaughter
secretary; and Thomas w. Purcell, as
sistant secretary and treasurer.
S'The Richmond Bank and Trust Com
f,.r ,t.hi rb Mt oil
years ago, is capitalized at s477.4o0 and
has surplus of s10S.oo0 The exec
utive heads OF the corporation arc:
Harry r. Pollard. Jr., president: w.
JsaWhitehurst and S. T. Beveridee.
yice-presidents, and Clinton l.. Will
lianls. cashier.
It is not expected that opposition on
the part of the stockholders of the
'Richmond Bank and Trust Company to
this merger Will develop. 1t is gen
orally expected in banking circles that
ratification to this compact will be
imm ediately forthcoming. The stock |
holders of the Richmond Bank and Trust
ton of the management of the TWO |
by the following letter |
written by Clinton l.. Williams cash
Ter. and have been summoned TO meet
August % at noon, in order to con-
slider the ratification of the agreement:
Notice is hereby given that in ac- I.
cordance with resolution adopted by |
the board of directors August 10. 1917, |,
after due and regular notice, a special |
meeting Of the stockholders of the |
Richmond Bank and Trust Company, OF |
Richmond, Va, is called to meet Mon /!
day, August 81. al noon, at the office |
of the company, 1915 East Main Street, |
IN the city of Richmond. Va, to con- |
slider and act upon AN agreement en- |
tered into between the president of the |
Richmond Bank and Trust Company. |
and approved by its board of directors,
with the Old Dominion Trust Company. |
OF Richmond. Va. for the acquisition
OF the assets and good will and as
sumption of the deposits and liabilities
OF the Richmond Bank and Trust Com
pany by the Old Dominion Trust Com
pany. upon the terms and conditions
set forth in an agreement signed by
the respective presidents Of said COM
tpanies, and for the transaction of such
other business may properly come
before the meeting. The stock trans
Ter books of the Richmond Bank and
Trust Company will be closed at noon
August %. 1917. and remain closed un-
I'll after the SslourIf,nent of said
meeting.
$3.50 CLINTON l.. WILLIAMS,
On