In 1928 the Straus National Bank and Trust Company was formed, with executives such as H. S. Martin joining from the former S. W. Straus & Co.[1] The company made its first report in January 1929.[3] Founder Simon W. Straus died on September 7, 1930.[4] In December 1930, Straus was replaced as head of Straus National Bank by C. H. Marfield.[5]
1931: Absorption by Continentaledit
On August 3, 1931, it was reported that on September 16, the merger of Continental Bank and Trust Company and Straus National Bank and Trust Company, both of New York, and the acquisition “by the merged bank of the International Trust Company, subject to ratification by stockholders,” would be effective.[6] On September 4, 1931, Straus National stockholders approved the proposal.[2] The consolidation was effective on September 15, 1931,[7][2] and the merged institution acquired certain assets of the International Trust Company. The Continental in its enlarged form opened the morning of September 16, 1931. Chairman of the consolidated bank was Frederick H. Hornby, who had formerly been president of Continental. President C. Howard Marfield was of Straus National as former president.[7]
^ ab"H. S. Martin Dies in Nine Story Fall; Head of the Ambassador Hotel System Plunges From a Window of Park Avenue Home. He had Long Been Ailing - Executive of S.W. Straus & Co.--Turned Over $1,000,000 Garment Business to Employees in 1923". The New York Times. January 15, 1930.
^ abc"Straus Bank Votes Deal". The New York Times. September 5, 1931. Retrieved November 4, 2017.
^"Straus Bank Makes First Report". The New York Times. January 4, 1929. Retrieved December 5, 2017.
^"S. W. Straus Estate is Put at $4,738,091; Transfer Tax Appraisal Filed on Net of Mortgage Banker Who Died in 1930". The New York Times. June 21, 1944. Retrieved December 5, 2017.
^"C. H. Marfield Heads Straus National Bank; Was in Banking Here Before Going to Chicago--Takes Place of S.W. Straus". The New York Times. December 30, 1930. Retrieved December 5, 2017.
^"Basis Is Worked Out For Merger of Banks; Union of Continental and Straus and International Trust Acquisition Due Sept. 16". The New York Times. August 3, 1931. Retrieved November 1, 2017.
^ ab"Straus Bank Joins With Continental; Merged Institution Acquires Certain of the Assets of International Trust. DOld Personnel Retained - Capital Funds Set at $11,000,000, including $6,000,000 Surplus and $1,000,000 Reserves". The New York Times. September 16, 1931. Retrieved November 1, 2017.
January 01, 1970
straus, national, bank, trust, company, york, city, confused, with, straus, national, bank, trust, company, chicago, straus, national, bank, trust, company, financial, institution, based, york, city, founded, 1928, 1931, merged, with, continental, bank, trust,. Not to be confused with Straus National Bank and Trust Company Chicago The Straus National Bank and Trust Company was a financial institution based in New York City Founded in In 1928 1 in 1931 it merged with the Continental Bank and Trust Company in New York 2 Straus National Bank and Trust CompanyIndustryFinancialFateAbsorbed on September 15 1931 by the Continental Bank and Trust Company of New YorkHeadquartersNew York CityKey peopleC Howard Marfield president ServicesGeneral commercial savings bank and trust business Contents 1 History 1 1 1928 1930 Founding and growth 1 2 1931 Absorption by Continental 2 See also 3 ReferencesHistory edit1928 1930 Founding and growth edit In 1928 the Straus National Bank and Trust Company was formed with executives such as H S Martin joining from the former S W Straus amp Co 1 The company made its first report in January 1929 3 Founder Simon W Straus died on September 7 1930 4 In December 1930 Straus was replaced as head of Straus National Bank by C H Marfield 5 1931 Absorption by Continental edit On August 3 1931 it was reported that on September 16 the merger of Continental Bank and Trust Company and Straus National Bank and Trust Company both of New York and the acquisition by the merged bank of the International Trust Company subject to ratification by stockholders would be effective 6 On September 4 1931 Straus National stockholders approved the proposal 2 The consolidation was effective on September 15 1931 7 2 and the merged institution acquired certain assets of the International Trust Company The Continental in its enlarged form opened the morning of September 16 1931 Chairman of the consolidated bank was Frederick H Hornby who had formerly been president of Continental President C Howard Marfield was of Straus National as former president 7 See also editList of bank mergers in the United States Banking in the United StatesReferences edit a b H S Martin Dies in Nine Story Fall Head of the Ambassador Hotel System Plunges From a Window of Park Avenue Home He had Long Been Ailing Executive of S W Straus amp Co Turned Over 1 000 000 Garment Business to Employees in 1923 The New York Times January 15 1930 a b c Straus Bank Votes Deal The New York Times September 5 1931 Retrieved November 4 2017 Straus Bank Makes First Report The New York Times January 4 1929 Retrieved December 5 2017 S W Straus Estate is Put at 4 738 091 Transfer Tax Appraisal Filed on Net of Mortgage Banker Who Died in 1930 The New York Times June 21 1944 Retrieved December 5 2017 C H Marfield Heads Straus National Bank Was in Banking Here Before Going to Chicago Takes Place of S W Straus The New York Times December 30 1930 Retrieved December 5 2017 Basis Is Worked Out For Merger of Banks Union of Continental and Straus and International Trust Acquisition Due Sept 16 The New York Times August 3 1931 Retrieved November 1 2017 a b Straus Bank Joins With Continental Merged Institution Acquires Certain of the Assets of International Trust DOld Personnel Retained Capital Funds Set at 11 000 000 including 6 000 000 Surplus and 1 000 000 Reserves The New York Times September 16 1931 Retrieved November 1 2017 Retrieved from https en wikipedia org w index php title Straus National Bank and Trust Company New York City amp oldid 1174452154, wikipedia, wiki, book, books, library,
