The Manufacturers’ Trust Company and the State Bank and Trust Company, according to a joint statement of Nathan S. Jonas and Harold C. Richard yesterday, have completed merger negotiations, which will bring about a combined institution with deposits of $375,000,000, and resources of $450,000,000.
Nathan S. Jonas will continue as President and Henry C. Von Elm as Chairman of the Executive Committee.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
