Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-12-02
INTERESTED
IN BIG BANK MERGER
u. W. Sinclair nnd T.. j.. Jones III
rcctors In Oklahoma City's Big
Rcst banking Institution.

IN the merger OF two OF the big
banks Of oklahoma City. announced
Yesterday in the Daily Oklahoman.
They are r.. W. Sinclair. president
OF the Exchange National bank. and
~. l.. Jones, an oil producer. office
IN the Kennedy building. l.. B.
Jackson. director in the Union Ma
lionhl bank of Tulsa, oil producer
ana citizen Of Sapulpa, Is also on the
board OF directors
j. w. Totor, fromerly Of Rristow
and nm associate of r. n. Gilbert OF
the Producers state bank OF this city.
IN an active Vice president OF the
new organization. lie Is one OF the
best known bankers In the state,
The story Of the consolidation
from the OklahOmhn is as follows:
One of the largest financial deals
In oklahoma in the last year was
closed Yesterday with the sale Of the
State Exchange bank and it's as
sets to the state National bank.
The actual moving OF cash and Sc
curities from the state Exchange
bank to the state National bank
building was completed last night
and the consolidated institution,
which will he known as the State
National hank, will he open tomor-
row morning.
Capital stock Up To 100000.
An Increase In the capital stock OF
the state National bank from $3.50
600 tn sbO0,O00 has been made. The
capital, surplus and undivided prof
it's account has been increased to
100000, which makes the bank. in
point Of capitalization. the largest
banking institution in oklahoma
CITY.
Hugh NJ. Johnson, former presl-
dent Of the state Exchange bank.
was elected president OF the reor-
EanlZed State National bank at a
meeting OF the board OF directors
yesterday. The resignation Of r. II.
Cooke as president was followed by
Mr.. Cookies election to the newly
created office OF chairman OF the
board OF directors.
hank Organized In 1898.
At the meeting yesterday Montford
NJ. Jones, formerly OF Bristow, was
elected vice president: j. w. Teter.
formerly vice president Of the State
Exchange hank. was made vice
president. and Tom @. Taylor. former
cashier at the State Exchange hank.
was chosen assistant cashier Add1-
tiOnal directors elected in the state
National hank. aside from Mr. John
son, Mr.. Teter and Mr.. Jones, we're
G. w. Roggs Of oklahoma city; l..
II. Jackson Of Sapulpa. and Il. L.
Jones, formerly OF Rristow.
The state National hank was or
Eanized in 1893 by F.. II. Cooke ana
associates, making It not only the
/. =
stitution In the city. MIR Cooke re-
tains substantial interest I'm the
consolidated institution.
The List Of Officers.
The complete list OF officers OF the
State National bank now Is. F.. II.
Cooke, chairman Of the board OF di-
rectors: Hugh NJ. Johnson, president,
Prentiss Price, vice president; George |
l.. Cooke. vice president; ]. W. Teter. |
vice president. Montford VI. Jones |
vice president; ]. Arthur Wilha nson, |
Frank L. Clark, assistant |
cashier: Robert L. smith, assistant
cashier; Tom q. Taylor, assistant
cashier
All OF the former directors Of the
state National bank are to retain
their afftliation with the bank. The
directorate, in addition to the officers
named. vii consist OF: W. r. Hales.
] \. DodsOn, W. +. Wilson, w NJ.
IonnCr, II. ]. Edwards. r. X Jones,
Lester u. Gum, T.. B Xeigler, G. T..
Bennett. Walter y. Caldwell. J w.
.iilliiand, Don Lacy +. W. Sinclair,
{. w. BoEgs, T.. j.. Jones and l.. b.
Jackson
New President Known Over State.
Gphgt aptiul ipiarpatC y, |
solidated concern arc held hy all Of
the directors Each is well known
in business and professional circles
here and they give the bank one OF
the strongest directorates in the
southwest.
Hugh NJ. Johnson the new presi-
dent OF the institution, is known
throughout the state, having been a
Su uCCcSsful oklahoma banker for the
last 90 years In that time he has
been the principal stakeholder and
directing head of numerous banks in
the state,
JohnSOn Directed Campaign.
In addition to Mr.. Johnsun's bank
ing interests he is one OF the large
owners OF farm property and other
real estate in the state He was
chairman of the state democratic
committee in the recent
election and at that time added
OF friends To his already
arge acquaintance through his sue
,essful and business conduct Of
he campaign. With Mr.. Johnsons
unusual successful experience, and
with such an exceptional
ist Of associates, there Is no doubt
about the rapid growth or standing
,f the institution The varied eH-
,crience az the stockholders should
,dd to the successful conduct Of the
business Of the bank
Montford NJ. Jones, newly elected
'ice president Of the bank, ia one Of
he wealthiest oil producers OF the
Itate.. lie is a brother Of b. Il.