The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-08-22

lation Of the banks forming the mart.
nership constitutes . framework for
the operations Of q Tremendously
strong financial group. capable of
forwarding the economic DEVELOPMENT
OF the entire northwest.
Tnere Is growing realization of
the TACT that the interests Of the
northwest can b promoted only hy
concentrated action and that oniy ~
such action can those who liye and
labor in the region prosper.
There can be no question that the
formation Of the First Bank Stock
corporation and the mutual associ-
alton OF North Dakota and Montana
interests with those Of the Twin
Cities will mean much to the terri.
tory served by banks in the group"
Nation Watches Northwest
George H. Prince. president Of the
First Bank Stock Corporation Issued
the following statement In regard to
the plans announced today:
The formation Of this new group
with North Dakota. Montana and
Twin City banks in partnership is
certain to focus on the northwest the
attention Of the financial world. The
banks forming the group and thoee
already controlled by the First Dal,k
Stock Investment company are In
splendid shape financially. clean and
healthy. supplied with adequate cap-
ital. ably managed and strategicaily
located. As the operations Of the
new company are extended and new
banks are added to the group the
corporation viii be in q position 70
assist industry. agriculture and other
interests In the ninth federal reoerve
district into . compelling position Of
prominence.
Residents Of this part OF the
country are more and more cominx
to realize the obvious truth that ~
one part OF our territory can prosper
long unless all the other parts are
prospering too. It Is our hope and
belief that this present group banK-
ing effort will be . vital factor n
strengthening the financial structure
OF the ninth federal reserve district
and constructive contribution to TIA
development Of the territory served.
The partnership association Of the
western banks with the Twin City
group brings within the scope Of TIN
new corporation an element OF finnn-
ctal diversification certain to b of
great importance to the entire noeth.
west. In addition to the mutual "a.
vances accruing to the banks In tlao
organization and the individuals they
serve. the consolidation Of the finan-
cial resources OF the region 1opeo-
sented in this corporation Will enable
this district to deal on Z boalg q
parity and equality with the othee
great financial centers Of TIN
country"
The First National banks OF llinue-
apolis and st. Paul are the two lnfe.
est banks In the ninth federal reserve
district and each Is the oldest bonE
In its city. Established In 1854. tn
First National bank Of st. paul no1
contains In its corporate make,rn
every pioneer bank Of that piono&
city. Combined resources of the
bank and its affiliated 0t. Paul instf.
tuticns. including the Merchants
Trust company. toal In exoess @
Sill 100000. Ths First Na&ional bank
In Minneapolis was .chAFteEed II ~
and Is now the bead OF . city MI
banking group which includes ahe
first Minneapolis Trust .conpay on6
whose resources total 4l660oo0oa
Financial Steuctneo Un11o1
Definite association o( tho 1lnanclat
and commercial strl,ctlne e the Twin
Cities with thu metals oHd una11n0(
industry of tl1A 49, n nAoo0nnn1Gn1n