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Berks County Trust Company: Union National Bank (Pennsylvania) Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo: 1943 Wilmington Trust: Union National Bank: Wilmington Trust [15] M&T Bank: 1948 Chemical Bank & Trust Co. Continental Bank and Trust Company: Chemical Bank & Trust Co. JPMorgan Chase: 1951
George W. Strawbridge Jr., a Campbell Soup Company director, heir to the Strawbridge & Clothier department store fortune, and major shareholder in Meridian Bancorp, became director and largest individual shareholder in the Corestates Corporation, continuing an ongoing marriage between the bank and one of the region's most iconic companies, the ...
There are different reasons for forming a non-stock, for profit corporation. A corporation created solely to act as nominal owner of some property might not need to have shares of stock because all of the directors or members would have been co-owners. For example, owning a safe deposit box in a corporate name: if the corporation is non-stock, the directors of the corporation are not its ...
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Somerset Trust Company's creation as a state-chartered bank in Pennsylvania allowed them to provide bonding activities and financial services The First National Bank of Somerset was unable to perform. [4] George R. Scull remained director and president of both The First National Bank of Somerset and Somerset Trust Company until he died in 1935.
PSECU headquarters in Harrisburg, Pennsylvania PSECU (also known as Pennsylvania State Employees Credit Union ) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania . [ 1 ] PSECU is a not-for-profit financial entity [ 2 ] that serves more than 480,000 members and manages over $7.5 billion in assets.
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Although a leveraged buyout (LBO) is an effective tool for a group of investors to use to purchase a company, it is less well suited to the case of one company acquiring another. An alternative is the freeze-out merger; the Laws on tender offers allow the acquiring company to freeze existing shareholders out of the gains from merging by forcing ...