The Brunswick news., 1922-12-17
BRUNSWICK B A n K
AND TRUST COMPANY
BUYS JESUP BANK
Merchants and Farmers Bank Of
That City Taken Over by
Local Company
DEAL MEANS MUCH
TO CITY AND SECTION
This Addition Places the Bruins
wick Bank 6 Trust Co., in the
Class With Largest Banking
Housese in the State.

An important financial transaction
of unusual local interest was an
nounced last night by President F.
D. Aiken, of The Brunswick Bank &
Trust Company, upon his return from
Jesup, where he had closed contract
for the purchase of the Merchants &
Farmers Bank Of Jesup by The Bruns-
wick Bank & Trust company.
AS is well known, the Merchants
q Farmers Bank was an old estab-
lished financial institution of Wayne
county, being for many Years oper-
ated under the supervision of H. w.
Whaley, who died several years ago.
Those in charge of the bank more re-
Gently desired to retire from the ac-
tive banking business, and this result
ed in negotiations with The Bruns-
wick Bank & Trust Company, which
eliminated Yesterday in the local
bank absorbing the business of the
Jesup institution.
1t will be recalled that The Bruns4
wick Bank & Trust Company estab-
lished branch in Jesup in July, 1921,
and this progressive step on the part
Of the Brunswick institution was
heartily appreciated by the people Of
that community as was manifested
by the splendid support given it from
its inception, the deposits of that sep
arate branch having grown in this
short time to approximately $780,
10000.
The directors of the Jesup branch,
in addition to President Aiken, are
DR.. . r Colvin, NJ. Al. e. Knight and
Mr. H W. Pearson; Mr.. Pearson be-
ing also the cashier Of the branehT
bank. Mr.. S. r. Pearson is the assist
ant cashier. The executive officers
of The Brunswick Bank g. Trust COM
pany are F. d. Aiken, @resi ARnt; L.
II. Haym, vice presidenk PA E.
Twitty, vice president, andsI. Ms Nix
en, cashier.
Since the combining Of tn 70
banks at Jesup, the total depoSssaAes
the Jesup branch aggregate approx
mately 100000, with resources Of
nearly $4O0.00O.0o., This gives Jesup
probably the strongest bank of any
city of like size in Georgia.
The total deposits of The Bruns-
wick Bank b Trust Company, includ-
ing its branches at Arco and Jesup,
now approximate one and one-half
million dollars, whilepthe total re.
sources have grown to exceed two
and one-qqarter ysiflion dollars,
AS is well known, in addition to
these large total resources, The
Brunswick Bank & Trust company.
being member of the Federal Re
serve System, has that added strength
behind not only its home office but
behind each of its branches as we'll.
The, announcement of this combina-
tion is of particular interest to the
people Of Brunswick because it shows
the expanding influence of our tiRan-
cial and business institutions in the
adjoining territory. Our business
people win all realize the Significance
of movements of this character be-
cause it means that the people Of
Jesup, and Wayne county will be
drawn in closer contact with the bus
iness' interests of Brunswick. This
will result in decided advantage to
both communities.
The News believes that the people
in this entire section will appreciate
this further manifestation Of the pro-
gressiveness OF The Brunswick Bank
& Trust Company and join with us
in extending to the officers and d.
fectors of this strong financial ifisti-
tuition hearty good wishes for contin-
ned growth and success.