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Union Trust Co. at Madison Gets Schwenker When Calvin Schwenker, state banking handed his resignation Gov. Follette was reported that will become president the Union Trust at Madison, Sept. The announcement was made the governor's office and Emerson director of the trust company. confirmed the statement that Mr Schwenker would head that Mr. Schwenker who has been under criticism the crash of Franklin State bank Milwaukee, graduated from the University Wisconsin in 1911. For four years he the First National bank in Chippewa Falls. He examiner for the banking commission 10 years and made commissioner Gov Zimmerman in 1927. His present term would have expired next spring. "Glad Have Him." At Chippewa Falls Thursday afternoon Mr. Schwenker that had no formal make on the resignation. He however, that had negotiating with Union Trust Co. officials for some time. Schwenker was Chippewa "official business" said. Northwestern State bank closed there about two months ago. The Union Trust Co. officials said that they glad" to have Mr. with them. Mr. Ela said that they had tried year ago to have Mr. join their and that he had declined. This were again started April and was just within the last three Ela said. that the final arrangements were made Had Been Under Fire. Mr. Schwenker prepared statement saying that he make Madison his permanent home that he was glad to reenter active banking. understood that the governor's office will issue formal statement Friday. Thomas Herreid. deputy commissioner. act head of the department until comappointed. Mr. Schwenker Colonel Marshall Cousins of Eau Claire as banking commissioner.
