FINANCE 
309 
UNITED STATES NATIONAL CORPORATION 
GENERAL OFFICE: TU. S. Nat. Bank Bldg. Portland, Ore. 
HISTORY: Incorporated under laws of Oregon, 1929, as an affiliation of the 
U. S. National Bank of Portland, Ore. The Central National Bank of Portland 
was acquired in 1929. 
On March 22, 1930, for a consideration of 60,812 shares of Class A stock, the 
corporation acquired from the West Coast Bancorporation controlling interest 
in banks in Oregon and Southern Washington as follows: Citizens Nat. Bank, 
Peninsula Nat. Bank and Union State Bank, all of Portland; U. 8S. Nat. Bank, 
Salem, Ore.; U. S. Nat. Bank, McMinnville, Ore.; First Nat. Bank, St. Helens, Ore.; 
Bank of Mt. Angel, Ore.; First Nat. Bank, Casmas, Wash. 
On March 27, 1930, the Bank of Oregon City, Ore., was added to the group. 
OFFICERS: J. C. Ainsworth, Pres.; Edward Cookingham, Vice Pres.; A. L.. Tuck- 
er, Vice Pres.; A. M. Wright, Vice Pres.; Paul S. Dick, Vice Pres.; E. H. Sen- 
senich, Vice Pres.; John N. Edlefsen, Vice Pres.; W. A. Holt, Vice Pres.; W. M. 
Cook, Vice Pres.; R. T. Pratt, Secy.-Treas. 
DIRECTORS: John W. Blodgett, Jr, P. S. Brumby, F. J. Cobbs, E. S. Collins, 
Edward Cookingham, E. Ehrman, R. L. Macleay, Robert Treat Platt, Andrew 
R. Porter, E. C. Sammons, Aubrey R. Watzek, J. C. Ainsworth, P. S. Dick, A. L. 
Tucker, A. M. Wright. 
GENERAL COUNSEL: R. T. Platt, Portland, Ore. 
Fiscal Year Ends: Dec. 31. Annual Meeting: January. 
CAPITALIZATION, As of Mar. 31, 1930 
Par Value Authorized Outstanding 
~o Par 60,000 shs 60,000 shs 
10 130,000 shs 130,000 shs 
1. Class “A” Stock (Series ..,..._.... 
2. Class “B” Stock... 
CLASS “A” STOCK has no vote, but 
participates fully in earnings and as- 
sets with Class “B,” under agreement 
of May 22, 1930, when 60,812 shares of 
Class “B” stock were issued to West 
Coast Bancorporation for controlling 
interest in 8 banks, company may re- 
tire these shares at $43.33 through ex- 
change of U. 8S. National Bank stock 
at $110 per share in an amount aggre- 
gating the value of Class “A” stock so 
retired. West Coast Bancorporation is 
obligated to hold shares three years 
unless above exchange consummated 
meanwhile. 
CLASS «B” STOCK is all owned by 
stockholders of U. S. Nat. Bank, Port- 
‘and, Ore. each share of bank stock 
tarrying with it a pro-rata interest in 
the corporation. All Class “B"” stock 
‘s held in a voting trust. 
FESOURCES OF CONTROLLED BANKS, As of Ya: f 
Surplus zr1 
[Undiv. Prot: 
Capit: 
U. S. Nat. Bank 
Portland, Ore. ....$3,000,00- 
Central National Bank 
Portland, Ore. .... 200,000 
Peninsula National Bank 
Portland Ore......... 200,000 
Citizens National Bank 
Portland, Ore ........ 200,00( 
Union State Bank 
Portland, Ore......... 
7. S. National Bank 
Salem, Ore. .......... 
Bank Mt. Angel, Ore 
First National Bank 
St. Helens, Ore... 
U. 8. National Bank 
McMinnville, Ore. 
first National Bank 
Camas, Wash,........ 
Bank eof Oregon City 
Oregon City, Ore. 
TOTAL ...............$4.175.000 
Resources 
ia 
1v3,282 
J1&,970 
wu 3, (4 
1.142 
ci, 
27 4 
SE 
C 
Yd 
804,17 
563,532 
2 
-t 
s 
£ 
590,368 
27,307 
.492,663 
1,859,970 
24 088 
659.274 
782.343 
38.202 
638.942 
1.827.145 
2H DAE 109 
ER? BRAK 205 
BOR 726 884