Jewish Bank in Buenos Aires Raises Its Capital to $1,000,000

The Commercial Bank of Buenos Aires, a 46-year-old banking firm financed mainly with Jewish capital, announced today the bank’s capital had been raised to about $1,000,000 and would shortly be raised to $2,000,000.

To achieve the higher capitalization, a group of new stockholders had been added to the board of directors. They include Saul Patrich, a member of the executive committee of the General Zionists; Max Starkman, former president of the Latin American General Zionists Confederation, Salomon Poliakof, Max Feuer and others, most of them belonging to the General Zionist movement. Salomon Stein, president of the bank, told a press conference that the bank’s services to overseas countries would be streamlined.

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