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The Milwaukee Leader
Milwaukee, Milwaukee County, Wisconsin
What is this article about?
Capitol National Bank purchases assets and assumes liabilities of City National Bank of Lansing, announced today, resulting in a bank with over $20 million resources, the largest in Michigan outside Detroit and Grand Rapids. R. E. Olds is president, Frank Gorman vice president.
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LANSING, Mich. - Capitol National bank has purchased the assets and assumed the liabilities of the City National Bank of Lansing, it was announced today.
This gives Lansing a bank with more than $20,000,000 resources and makes the Capitol National the largest bank in Michigan outside of Detroit and Grand Rapids.
R. E. Olds is president and Frank Gorman vice president.
Three junior officers of the City National are being taken over by Capitol National.
With this transaction it is believed that the Lansing banking situation has been thoroughly readjusted and no further disturbances are expected.
What sub-type of article is it?
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Where did it happen?
Domestic News Details
Primary Location
Lansing, Mich.
Event Date
Today
Key Persons
Outcome
bank now has more than $20,000,000 resources; largest in michigan outside detroit and grand rapids; three junior officers transferred; banking situation readjusted with no further disturbances expected.
Event Details
Capitol National bank purchased the assets and assumed the liabilities of the City National Bank of Lansing.