The Birmingham age-herald., 1919-08-07
K. W. BERRY NAMED VICE PRESIDENT AND
 CAbAN|SS DIRECTOR OF FIRST NATIONAL
Bank Announces That Trust and Bond Departments Are to Be Inaugurated
 by the Institution

K. W. Berry of St. Louis was yesterday elected vice president of the First Ma tional bank of Birmingham and E. H. Cabaniss of Birmingham was elected a member of the board of directors. This action was taken at the regular meet ing of the bank board yesterday.
 MT. Berry. the new vice president, will have charge of two new functions of banking which the First National will add for the benefit of it's clients and the public generally, a trust department and a bond department
 Commenting upon the action of the board Oscar Wells, president of the bank, said: For some time We have been looking for someone competent to handle these departments, but until we located Mir Berry we had not been successful
 You see we were looking for an unusual combination. We wanted someone of legal training and experience, and we wanted him to have some identification with and knowledge of fiduciary or trust work, and to this we had added the ne- cessity of knowing something of the bond business.
 MT. Berry fills the requirements splen- didly. He is a graduate of the Mis- souri State university and of the law department of that institution. After graduating he practiced law for a time
 in St. Louis. He then became identified with the St. Louis Union Trust company, one of the largest and best known in the middle west, where in the trust de- partment as a lawyer he became thor oughly familiar with the details of the management and operation of such a de-
 partment, including both the executive and the purely clerical features of the
 work.
 He left there to serve his country in a military camp entering as private but his legal training became known. his efforts to get into aviation service
 were thwarted and he was detailed to duty in the judge advocates department serving as first lieutenant judge advo- cate on the staff of several camp com manders.
 With the signing of the armistice, or about the time we began to plan serious ly for our trust and bond departments, he entered the employ of the National City company of New York, which is a bond distributing organization closely associated with the National City bank of New York, thus completing the train- ing for which we were looking. He has just severed his connection with that company and will come here to take up his duties in short time.
 "We regard ourselves as fortunate in- deed to have secured the talents of one so peculiarly well fitted to do this special lswork and believe that our large clientele will appreciate the service which it will afford them."
 | The federal reserve act as amended last 1 fall authorizes the federal reserve board l to grant very broad powers to national i banks in the exercise of trusts of all kinds and the First National bank has l obtained the permission to act as "trus- I tee. executor. administrator. registrar oi
 stocks and bonds, guardian of estates l assignee, receiver, committee of estates of lunatics, or in any other fiduciary ca pacity in which the state banks or trust 1 companies are permitted to act under the laws of Alabama"
 The election of MT. Cabaniss to the board of directors fills place on the | board which had been vacant for some time. MT. Cabaniss is member of the law firm of Cabanss & Cabaniss, and l is one of the best known men in the state | and it will be of interest to his many ] friends to know that he has become a member of the First Nationals board of l directors,