The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-05-10
DETAILS OF BANK
merger EFFECTED
WITHOUT A HITC h
Consolidation of the Brunswick
Bank & Trust Co. and Glynn
County Bank is Completed.
ALL EMPLOYEES OF THE
TWO BANKS ARE RETAINED

LlS OittOOIH Wdnnef IN WmCn
the Important Transfer is
Carried Out, and Get Many
Expressions of Approval For
Their Action i'm Consolidating.
Arrangements for completing the
merger of the Glynn County Bank
with the Brunswick Bank e Trust
company We're completed yesterday
morning without the least friction,
and the business of the former bank
was transferred to the latter in ac-
cordance with the schedule as an
nounced in The News Sunday morn
ing. with scarcely ripple to tell the
story of this important transaction.
While the announcement of the con.
solidation caused something of sen
sation throughout the city, coming as
a complete surprise as it did, the de
tails Of the merger were handled in
such manner as to cause not the
slightest inconvenience to any of the
customers of the banks affected, or to
the business circles of the city gen
orally ~.
The matter was handled IN a man
ner which reflected careful prepare
tion for the transfer, and it was a sub
ject of comment that a deal so i'm
portant was carried through in such
smooth fashion, the directors of the
transaction being. highly praised for
the care and forethought evidenced in
the transfer.
The work of transferring all the
physical properties necessary to car
ry on the business without Interrupt
lion had been completed long before
the. fl0ur for the opening of business
and the former customers of the
Glynn County Bank We're given a most
cordial reception when they called at
the Brunswick Bank & Trust com
pany to carry out their usual routine,
and the business went forward
smoothly, and without a hitch, much
the same as If no merger had been
made.
All Employees Retained.
Every employee of the former Glynn
County Bank has been retained for
the present, and merely transferred
their. activities to the building occu-
pied by the Brunswick Bank e Trust
Company, where they carried out
their work as usual yesterday. SIT was
announced by officials last night that
all employees of both banks would be
retained in the service for at least q
month, until it can be definitely de
termined just how many will be re
ouired to carry on the business Of the
enlarged bank.
OF course. only so many as are ne
cessary for the efficient handling Of
the business will be permanently EN-
ployed as one of the main considera
tions in making the merger was to re
duce the overhead expenses, and tc
carry on the business at as small q
cost as is consistent with good ser
vice.
What the Merger Means.
1t may be said that the consoiida
tion of these two strong financial in
stitutions does not mean simply ths
absorption of one by the other, but
that the officers and directors Of the
two banks have gotten together and
decided that by merging bank il
thereby created with far. greater re
sources. and ability to take care oi
the former patrons Of both in Il much
more efficient manner--and this ap
plies to the man of small means as
well as to the largest customer thai
may be on the books. Equal atten
tion will be given to both classes o.
customers, say! the officers. and witt
their combined resources the merged
bank will be enabled to much rlort
efficiently handle the bnsines CT it.
customers.
Officers of New Bank.
lin The officials of the Brunswick Banl
i Trust Company. under the reorgan
EIEation will be
S3Erank D. Aiken, president; L. II
AHaynr, vice president; Paul E. Twit
Vty, vice president; c. y. Walker, cash
ier; I. M Aiken, assistant cashier
Ri Strain, auditor.
Expressions of Approval.
The officers and directors of the twt
Institutions who negotiated the cor
soddation ars convinced that this stsI