Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

THOMSON'S MANUAL LIABILITIES— installment Bonds ..oo.ccooimanannae.. Reserve for Conversion.......... Collateral Trust Notes. .ooiooraer cane. School Dist. Sinking Funas.....ccceeccoocaiaene. Real Estate Mortgage Certificates... Livestock Prepayments .... RR AN RR Notes Payable .... TS ACCOUNLS Payable ae itera meena Due on Stock Consolidated Credit Coro. ..coociiiiiianies Accrued Interest Payable... I Rediscount, Livestock Notes...... . DBTOTTOO CT CAILB iiimssomsinnins mms mss sas ess wos oss sao Sei a wR EHH Reserve for Installment Bonds... .o.ooiiirieiianeas Reserve for Contingencies... cicaeiineeccaeaaaeennen PTrefortall SHOU ummm ge esses wis ssn mms Common Stock ee maemmeeeeamaeseenmmeenstnammaannemaee surplus .. RRR TOTAL LIABILITIES oan, $1,011,970 170,997 323,691 20,000 159.600 71,671 142,521 212,712 8,891 166.114 292,014 147,303 .66,000 00,000 127,656 2 855 042 $1,102,582 108,907 17,650 158,050 4,571 86,087 121,115 30,064 307,603 6,806 295,209 132,405 100,000 600,000 125.650 $3,496,688 WEST COAST BANCORPORATION GENERAL OFFICE: Porter Bldg. Portland, Ore. HISTORY: Incorporated under the laws of Oregon May 8, 1928. Acquired con- trolling interest in 8 banks in Oregon, headed by the West Coast National Bank, Portland. and one bank in Washington. Under an agreement effected March 21, 1930, the corporation sold to U. S. National Corporation of Portland its 8 outlying banks: Citizens Nat. Bank, Pen- insula Nat. Bank, Union State Bank, all of Portland; U. S. Nat. Bank of Salem, UJ. S. Nat. Bank of McMinnville, First Nat. Bank of St. Helens, Bank of Mt. Angel and First Nat. Bank of Camas, Wash. receiving therefor 60,812 shares of U. S. National Corp. Class A series A stock with book value of $43.33 a share. At same time U. S. National Bank bought entire deposit liability of West Coast National Bank at a price said to permit liquidation of the bank at a figure satisfactory to stockholders. The West Coast Bancorp. became the largest stockholder in the U. S. Nat. Corp. It is obligatory upon West Coast Bancorp. to hold U. 8S. Nat. “A” stock for three years unless it is retired before that time by issuing corporation at $43.33 a share through exchange at $110.00 a share of U. S. Nat. Bank stock in an amount aggregating the value of the U. 8. Nat. Corp. “A” stock so retired. After three years the U. S. Nat. Corp. may retire its “A” stock at $43.33 per share or at book value, whichever is higher. Management announced that West Coast Bancorp. will continue as a security investment company whose principal investment is in the U. 8S. Nat. Corp., but with other diversifed investments and stock purchase privileges in subsequent :apital increases in the U. S. Nat. Bank. DFFICERS: FE. H. Sensenich, Pres.: J. N. Edlefsen, Vice Pres. and Treas.; An- irew Miller, Sec.; G. W. Sensenich, Asst. Sec. DIRECTORS: E. H. Sensenich, J. N. Edlefsen, H. 8S. Tuthill, H. T. Nicolai, W. 0. Munsell, Ross McIntyre, Thomas Autzen, E. A. Clark, G. W. Weatherly, all of 2ortland, Ore. , GENERAL AUDITORS: Price, Waterhouse & Co., Portland, Ore. Fiseal Year Ends: Mar. 31. Annual Meeting: 3rd Tues. in May CAPITALIZATION, As of Mar. 31, 1930 Par Value Authorized No Par 500,000 shs No Par 1,000 shs Outstanding 189,633 shs 1 000 shs 1. Class A Stock........... 2. Class B Stock. 1. OCI. ASS A STOCK Provisions: Participates fully in earnings and in dissolution is preferred over Class B stock, to extent of $25.00 per share. Class A stock has no voting rights. Holders of Class A stock en- titled to subscribe in proportion of their holdings for any unissued or increased issue of Class A stock at the price at which same may be offered, except where such stock is utilized by direc- tors for purchase of property. Dividends: 25 cents a share paid quarterly, Jan., Apr., Julv. Oct. 25. since fan. 25. 1929 Ex-Dividend Date: 5th of month on which dividends are paid. Transfer Agents: West Coast Ban- :orporation, Portland, Ore.; Wells Far- zo Bank & Union Trust Co. San Fran- zisco, Calif. Registrar: West Coast Bancorpora- rion, Portland, Ore.; Pacific National 3ank of San Francisco, Calif. Publie Offering by: Bond & Good- win & Tucker, Portland, Ore. Number of Stockholders: 1,475. Listed on: San Francisco Stock Ex- rhange. Seattle Stock Exchange

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