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BANK MERGER IS RATIFIED AT MEETING Liquidation of Company Ordered and Combination Approved NEW OFFICIALS ARE NAMED Directors and Department Heads to be Ratified in January Stockholders of the First National Bank, 995 shares out of 1,000 shares being present, met Thursday afternoon and formally voted to liquidate the bank and then consolidate with the American Bank & Trust Co. effective Jan. 1, 1924. The liquidation of the First National Bank will be effective Dec. 31, 1923. Friday morning O. B. Selfridge, of the First National made formal announcement of the personnel of the new institutions, which will be known as The First American Bank & Trust Co. The officers and directors of the new bank are to be: OFFICIAL PERSONNEL President—D. W. Morris, now president of the First National Bank. Chairman of Board—Henry Deisel, now president of the American Bank & Trust Co. Vice President (inactive)—William Klinger, now vice president of the American Bank & Trust Co. Active Vice President in charge of commercial department—T. G. Harris, now cashier of the American Bank. Vice President in charge of trust department—George E. Bayly, now vice president and managing director of the First National Bank. Secretary—E. G. Christen, now cashier of the First National bank. Treasurer—H. J. Fast, assistant-cashier of the American bank. Assistant Secretary—Russell Watkins, First National bank. Assistant Treasurer—H. W. Roberts, American bank. Discount Committee—Henry Deisel, who will name two members from the American bank, and D. W. Morris, who will name two members from the First National bank. DIRECTORS Directors—Fourteen from the American bank and 11 from the First National bank. In order to have its eleven directors the First National bank at Thursday's meeting elected William E. Bayly as a director. The directors of the new institution will be as follows— P. C. Beck, F. D. Carpenter, Frank Colucci, Henry Deisel, Sr., F. W. Durbin, George Feltz, Val Heil, M. Hoteller, Wm. Klinger, Louis Koch, N. L. Michael, H. L. Solomon, A. E. Wemmer, William Wemmer, D. W. Morris, George E. Bayly, Nelson Shook, O. B. Selfridge, Frank Kommisk, J. T. Kaufman, C. T. Sealts, William E. Bayly, P. A. Kahle, D. W. Kirmin, Glenn C. Webb. Counsel—Klinger & Klinger and Selfridge & Selfridge, the former being attorneys for the American bank and the latter attorneys for the First National bank. The new institution will be a half million dollar concern of which $400,000 will be capital stock and $100,000 surplus, Selfridge announced Friday. On November 15, the stockholders of the two institutions will hold their first joint meeting at which time the choice of directors as announced by Chairman Selfridge of the joint committee will be ratified. Immediately after this ratification, the directors will meet and formally elect the officials as announced above.