El Paso herald. (El Paso, Tex.) 1901-1931, 1920-02-14
~ JAMES McNAHT.
.-rfeuf First National Bunk.


When the consolidation OF tht
Texas Bank and Trust company viii
the First National bank was con-
summated q few days ago. El Paso's
banks were reduced to seven IN num-
ber-tho First National CitF Nation-
al state National, American Trust
and Savings bank. Fl Paso Bank and
Trust company Security Trust and
savings bank and Border National
bank Had IT not been for the con-
solidation between banking institu-
tfong which have taken place in FL
Paso within the last decade. there
would be today - banks and trust
cumnanies doing business in this city.
The first bank consolidation in FL
Paso occurred ia 1910, when the Ma
1ional Bank OF commerce Acomplne
with the First National bank. The
next c0nsolidati on was between The
Guaranty Trusr and Savings bank ana
The Rio Gralue valley Bank and
Trust company which took place IN
1911 T'Ws vears later. in 1913, the
American National bank Joined vita
the First National bank. the latter
bank moving over 10 the banking site
1reEis cusiy occupied by the Amarican
National. IN 1917 The Commercial
National rank combined with the Sc
curirr Eank and Trust company and
IL The sumner OF 1913 the Union
bank and Trust comp1ay was con-
sohdated Wirh the Texas Bank ard
Trust company
on Noremner I. Of last year. the
Rio Grande Valley Bank and Trust
company and the City National bank
consolidated under the name and
charter Of the City National and a few
weeks ago announcement vas made
OF the consolidation Of the Texas
Bank and Trust company with The
First National uank.
The state National bank was the
first banking Institution OF those now
doing business in Fl Paso TO secure
us charter and open its doors for
nearly forty years under the same
name and charter and at the same
location without com bination or cor
solidatiou with any other banking fr-
slitution-
why Banks Consolidate.
Tie tendency toward consolidation
Of banks which has been noted among
- Paso banking Institutions in the
last few years. IS only typical Of a
similar movement among banks
throughout rhe whole United States. I
Recently IN St Louis three OF the big
eest banks in that city combined IN I
der The name Of the First National 4
11uk me three institutions which I
merged being the Third National the /
Mechanics American National and fhef
s. louis Onion Trust company. The J
ns1- INSTITUTION resulting from this
merger has capital OF $4,000. 000.
Surplus Of 100000. total deposits Of /
$4,000. COZ and total resources OF g.
over S17.6u0.0Q0.
Tire Continental and Commercial T
bank Of Chicago. one OF the greatest
Institutions in America IS an out
standing example Of q bank which has
attained its Dresent splendid position
partly by natural growth. and partly
By com bination with other strong
banking Institutions
AIusf Serve the People.
Wine bank - a private instftu-
Ion in its oWnershss and management
2 IS at Che same time a state and ma
ioual institution in It's supervision
md regulation. and is essentially a
'ublic institution in the service ftl
'enderz
While banking is found ertremelvl
lro1ltable ia the great Commercial ,
enters OF the country. where I'M +
nense accumulations Of surplus funds !
re DEPOSITED IN the banks awaiting /
10 outlet iu commerce OF Industry.
= the smaller cities and towns. a
ne other hand especially IN the COM
laratively undeveloned sections Of
ne country, the business Of banking !
ices not offer especially large re-s0