Monday, Jan. 28, 1929
Mergers
Banks. During 1928 the Bank of United States (Manhattan) accumulated by merger the following: Central Mercantile Bank & Trust Co. (six branches), Cosmopolitan Bank (four units), City Financial Corp. Last week it bought stock control of the Colonial Bank (16 branches), bringing its total resources to $260,000,000, its chain to 36 banking units.
The Mercantile Trust Co. and the National Bank of Commerce, both in St. Louis, made dickers last week, preliminary to a consolidation. Effected, the merger would form a bank, as large, perhaps larger, than the present "biggest" First National Bank of St. Louis.
In Philadelphia, the Integrity Trust Co. and the West Philadelphia Title and Trust Co. were merged to form an institution with total resources of $44,869,900.
Clothes. The name "Fashion Park Associates Inc." was chosen last week to include the products of three famed haberdasheries, newly merged: Weber & Heilbroner, Inc., Stein-Bloch Co., Fashion Park Inc. Capitalized at $10,000,000, Fashion Park Associates will soon acquire control of Metropolitan Co. (Dayton, Ohio), Max Adler Co. (South Bend, Ind.), L. E. Oppenheim & Co. (Bay City, Mich.), Oppenheim's (Jackson, Mich.).
Plumbing, Heating. Plenipotentiaries from American Radiator Co. (biggest manufacturer of heating apparatus) met in a two-day conference last week with officers of Standard Sanitary Mfg. Co. (plumbing fixtures), to arrange consolidation into a $172,000,000 company.