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October 2, 1931

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Headlines from October 2, 1931

$2,300,000,000 DEAL UNITES NATIONAL CITY AND BANK OF AMERICA; Directors Approve Merger Plan Creating the Second Largest Institution in Country. $1,700,000,000 IN DEPOSITS Bancamerica-Blair Not to Be Included in Consolidation of Houses Founded in 1812. SHARES TO BE EXCHANGED Ratio of 1 2-3 to 1 Is Provided-- News of the Project Causes a Last-Minute Market Rally. Deal Viewed as Assured. Steady Growth for National City. BANK OF AMERICA, NATIONAL CITY UNITE Exchange of Stock Provided. Capital Funds in Doubt. Statements on June 30. In One Location Since 1812. GIANNINI IS NONCOMMITTAL. But Will Champion Stockholders of Transamerica, He Says.

By Unknown Author

Directors of each approve plan to merge; A H Giannini declines to comment

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