Encyclopedia Dubuque
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CONSOLIDATED NATIONAL BANK
CONSOLIDATED NATIONAL BANK. The announcement that three major financial institutions in Dubuque would merge was made on November 29, 1922. The banks involved were the DUBUQUE NATIONAL BANK, SECOND NATIONAL BANK, and the DUBUQUE SAVINGS BANK. The new bank was to begin business on January 2, 1923. (1)
Combined under a charter as a national bank, the Consolidated National Bank was to have a capital of $500,000; a surplus of $100,000; and deposits in excess of $4,000,000. Judson K. DEMING was the president. The board of directors included James M. BURCH; George W. MEYERS; John W. SCHWIND; John J. ROSHEK; Nicholas J. SCHRUP; C. H. BERG; Wallace BROWN; John Herbert MCLAY; George McLean, president of the Key City Gas Company; D. J. Lenehan, attorney; George W. Kiesel, attorney; Herman Eschen, cashier Second National Bank; and Joseph W. Meyer, cashier Dubuque National Bank. (2)
The bank moved into the building occupied by Second National Bank on the southeast corner of Sixth and Main. The merger had been considered for nearly a decade. (3)
See: BANKS AND BANKING
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Source:
1. "Deming Will be President; Big Assets Pooled," Telegraph Herald, November 29, 1922, p. 1
2. Ibid.
3. Ibid.