Article Text
GIGANTIC CHICAGO First National Takes in Foreman Nationand stitutions CHICAGO. June the most Important mergers in Ohicago history brought about the shifting today of more than 250,000.000 bank resources and creation of the second and third largest financial Institutions in the Announcement of the consolidation made after large group of leading bankers had been in continuous conference for almost forty hours. Thru the mergers. the First Na. bank and its affiliate the Union Trust Savings bank. absorbed the National bank and its affiliate. the Trust Savings bank: and the Central Trust Co Illinois National Bank of the Republic were consolidated become the Central Republic Bank Trust company June Chicago neighborhood National and four State, failed open for business today Three of the banks were affiliated with the Foreman group, Involved in one of the two loop bank mergers made the These three the Washington Purk National bank, South Side Trust and bank and Sheridan Trust and Savings bank The other institutios which closed the Cheltenham Trust and Savings bank, Industrial State bank National Trust and Savings Under the new the First Union Trust company group becomes ranking second Size only to the Continental Illinois Bank Trust com which became Chicago's pany Concluded on Page