The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1924-03-27

find 1t possible.
Robinson Stock Is Sold.
In order to bring about the prac-
tical merger of the two institutions
into one greater financial institution,
coterie of Kenosha business men
headed by E. T. O'Brien, cashier of
the United States National bank of
Kenosha, has purchased all the stock
of the Merchants and Savings bank
held by the estate Of the late Henry
B. Robinson. This holding consisted
of seven hundred and ffty-ive shares
of the stock, the entire stock being
one thousand shares. No definite
statement was made as to the price
paid for the stock, but it was stated
that it was considerably in excess of
the original value of it.
Comes as Surprise.
The announcement of the consuma-
tion of the big deal came as surprise
to many people as no advance an
nouncement of it had been made
save to the directors of the two
institutions.
While it is expected that the new
bank will be known as the United
States National bank of Kenosha and
that ultimately all the business of
the Merchants and Savings bank will
be transferred to the banking house
of the national bank, this fact can
not be stated until after the formal
decision of the members of the boards
Of directors of the two institutions.
at is simply joining of thes bust
of 4do two >, don1or-
ed one of the interested parties this
morning. "There will be no change in
the personnnel Of the employees of
the banks and the business of both
will be continued without interruption
or change of policy. 1t will prob
ably take a month to work out all
of the details connected with the
new arrangement"
Banks Strong Financially.
two banks will bring to Kenosha one
of the strongest banks in southern
Wisconsin The Merchants bank had
resources of more than two million
dollars On Monday evening, while the
resources of the United States Ma
tional bank were in excess of $1,400,-
900. The union of the banks will bring
into one directorate many of the best
known business men of Kenosha.
The Merchants bank was founded by
the late Henry B. Robinson a little
over twenty-five, years ago and it has
T., been most successful. The United
States National bank was founded by
men we'll known to the business world
of Kenosha and its resources have
grown very rapidly.
1t is understood that the deal will
include the taking over of the Main
street property which was purchased
several years ago as the site for a
new bank building for the Merchants
and Savings bank. The property
known as the knights of Columbus
HALL is one of the most desirable
pieces of real estate on Main street.
Plans for the erection of the new
bank building on this property were
underway when the Robinson stock
was sold.
The changes which are needed in the
quarters of the United States Ma
tional bank to enable it to take over
the business of the combined institu-
| lions are now being made and Will be
completed within a few days. Four
cages will be added, bringing the total
number of teller windows to eleven.
| Otherwise the bank is now well
equipped to take over the business.
The officers of the banks which are
being combined, are:
Merchants and Savings Bank: Presi-
dent, Joseph N. Funck; vice president,
N. A. Rowe; cashier, H. M. Petersen;
assistant cashier, R. P. Taylor; direc-
tors, w. j. Frost, N. A. Rowe, w. w.
Vincent, Joseph Funck, Matthias Wer-
We, George S. Whyte, M. N. Funck,
and Milton H. Petit.
United States National Bank of Ke-
nosha: President, N. ]. Werner; vice
president, Frank j. Kraft; cashier, E.
T. O'Brien; assistant cashiers, G. J.
Sadlier and Walter Haspell; directors,
T. j. Dale, F. j. Kraft, N. j. Werner,
Axel Landgren, Frank Nelson, T. w.
Ashley, George D. Harbaugh and E.
IT. O'Brien.