Park Row Trust Company was a New York City based bank which was organized beginning in January 1930 at 154 Nassau Street (Manhattan).[1] It opened for business on March 1, 1930.[2]
Its location was the same as the Clarke Brothers Bank which became insolvent in June 1929. Park Row Trust Company was capitalized at $500,000 with a surplus of $250,000 and an organization expense fund of $50,000.[1] The financial institution was made up of individual directors of the Plaza Trust Company.[2]
Merger [edit]
On July 8, 1930 Park Row Trust Company merged with Plaza Trust Company and Broadway National Bank & Trust Company. The merged company was called Broadway & Plaza Trust Company. The new institution had a capital of $1,350,000 and a surplus of $1,800,000.[3]
References [edit]
- ^ a b Park Row Trust Co., Wall Street Journal, January 1, 1930, pg. 16.
- ^ a b In and Out of the Banks, Wall Street Journal, January 25, 1930, pg. 9.
- ^ Three Banks Merge, Wall Street Journal, July 9, 1930, pg. 16.
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