Democratic Sentinel, Volume 15, Number 5, Rensselaer, Jasper County, 20 February 1891 — IT CHANGES ITS NAME. [ARTICLE]

IT CHANGES ITS NAME.

The United States National Bank Reor. ganized Under the Name of the Columbia National Bank of Chicago. [Chicago Times, Feb. 15.] Monday morning of this week the Colombia National bank of Chicago will open its doors to the public under an entirely new management with a paid-in capital of $1,000,000. The Columbia succteds to the business and surplus of the United States National bank, which has been in operation for a period of three years with rooms and offices in the Phenix building, 138 Jackson street. The reorganization of the bank brings to its support a number of our well-known business men and financiers, many of whom will iake an active part in the management. Mr. Everingham, its newly elected president, has been identified with the grain and commission business and a member of the board of trade since 1865, a business which in many respects resembles in character that of banking. Mr. Everingham is eminently qualifiedif or the responsible position he nas been called upon to fill; a gentleman of broad experience, affable in manner, and with well defined executive abilities—traits that are sure to commend themselves to the general public and at the same time gain the respect of his fellow bank presidents.— For the position of vice-president the bank directors have made an excellent choice in the naming of Col. W. G. Bentley, who for nearly twenty years has held the position of general manager of the Continental Fixe Insurance company of New York, a position he has lately resigned so as to enable him to give his entire attention to the banking business. In connection with the insurance management Colonel Bentley has been brought prominently before the public as an attorney-at-law, and brings with him a wide expo, rience and an extended acquaintance in both branches of business. ZimriDwiggins, who fills the important position of cashier in the Columbia, is too well known to the banking fraternity of Chicago to require any extended comment)in the way of introduction in this connection. As president of the United States bank he fully demonstrated his ability as an executive banking officer and able financier. He brings to the new bank years of experience, and will be ably assisted by J. T. Green, who wiil hold the position of assistant cashier. In the reorganization of the bank the capital stock was increased from $500,000 to $1,000,000, fully paid in. The new board of directors represents a number of Chicago’s most prominent capitalists and business men. This last taken in connection with its able executive management and increased capital places the Columbia at the very start among the strong financial institutions of the city.

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