FINANCE

285

FIRST BANK STOCK CORPORATION
GENERAL OFFICE: Minneapolis, Minn.
BUSINESS: Controls 85 banks within Ninth Federal Reserve District, including
following in state of Montana:
Midland Nat. Bank, Billings.
Commercial Nat. Bank, Bozeman.
Metals Bank & Trust Co., Butte.
First Nat. Bank, Great Falls,
Montana Nat. Bank, Havre,
Am. Nat. Bank, Helena.
National Bank of Montana, Helena.
SUBSIDIARIES: First Securities Corp., First Bank Credit Corp.
OFFICERS: C. F. Jaffray, Chairman; Geo. H. Prince, Pres.; Lyman E. Wakefield,
 Vice Pres.; Lyle C. Sholes, Vice Pres.; R. C. Lilly, Vice Pres.; A. McC. Washurn,
 Vice Pres. & Gen. Counsel; P. J. Leeman, Vice Pres. & Gen. Megr.; E. C.
Kibbee, Vice Pres.; A. E. Wilson, Secy & Comptroller; M. M. Hayden, Treas.: M.
A. Cooley, Asst. Secy. & Treas.
Fiscal Year Ends: Dec. 31. Annual Meeting: Februarv
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
ceeemeeee $25,000 10,000,000 shs
CONDFNS™D BALANCE SHEET, As of Dec. 31, 1929
RESOURC~ LIARILITIF

Common Stock ._._

Cash on Hana.........
Bonds & Commerc.
Bills Receivable .
Accounts Receivabl.
Furniture & Fixte-Stocks
 eee
Accrued Interer
TOTAL ASSET oo

“0,092

Capital ........
Surplus & Undiv.
Dividend Pavable

3

75,421,764
16,698,616
Toe.ord

0

TOTAL LIABILITIES ........$122.875.8495

122.875.5956

FIRST NATIONAL CORPORATION OF PORTLAND
GENERAL OFFICE: Portland, Ore.
CONTROL: Trans-America Corporation acquired control in June, 1930.
HISTORY: Incorporated under laws of Delaware, Feb. 2, 1929.
BUSINESS: An Investment Trust, principally holding stock of banks and trust
companies. Company's policy is to maintain as reserve, substantial cash balance
 and investment in marketable securities. During first year of operation
(1929) the following acquisitions were made:
26.8% First National Bank of Portland (carrying with it a pro rata interest
in the Security Savings and Trust Co. and the Security Safe Deposit Co., both of
Portland).
All of Bank of East Portland shares and Geo. W. Gates & Co., Bankers,
Portland, Ore., except directors’ qualifying shares.
OFFICERS: C. F. Adams, Pres.; H. F. Corbett, Vice Pres.;: E .B. MacNaughton,
Vice Pres.; E. R. Corbett, Secy.; Edw. H. Geary, Treas.; C. L. Minahan, Asst. Secy.:
J. H. Mackie, Asst. Treas., all of Portland, Ore.
DIRECTORS: C. F. Adams, E. A. Wyld, E. R. Corbett, E. B. MacNaughton, C. C.
Colt, H. L. Corbett, H. F. Corbett, Henry C. Cabell, M. C. Woodard, Ben C. Dey.
H. H. Newhall. Joseph Simon.

CAPITALIZATION, Ax of Dec. 31, 1929
Par Value Authorized
No Par 300,000 shs
No Par 12. 332 shs

1.
2?

Class A StoCK.oooooooo
Class B Stock... So

Outstanding
70,000 shs
12 222 shs

I. CLASS
Provisiens: Entitled to $2.00 preferential
 cumulative dividend and participates
 share for share in further dividends
 after Class B has received $2.00
per share per annum. In liquidation,
Class A preferentially entitled to $60
per share and accrued dividends and
participates share for share after Class
B has received $60 per share.
No securities having equal or superior
 rights to Class A stock may be issued
 without 3% vote of Class A stock-A

 STOCK
holders, except indebtedness maturing
in 12 months secured by pledged collateral.

Callable: Stock is non-callable.
Voting Power: Non-voting, except
when cumulative dividends unpaid 18
months, in which event one vote per
share until remedied.
Tax Status: Dividends free from
Normal Federal Income Tax up to 2%.
Dividends: Regular $2.00 per annum