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Article: TRUST COMPANY GRANTED AUTHORITY TO SPLIT BUSINESS
- Article from:
- THE JOURNAL RECORD
- Article date:
- November 30, 1989
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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A group of Trust Company of Oklahoma officials has been granted
authority to organize a second trust firm to take over the Trust
Company's charter and operate the Oklahoma City office.
The Oklahoma Banking Board Wednesday approved a plan bisecting
the Trust Company of Oklahoma into the Oklahoma City office, which
would keep the old trust company charter, and the Tulsa and Muskogee
offices, which would apply for a new charter to operate.
American Trustcorp. Inc., the holding company for Trust Company
of Oklahoma, would sell the charter to the Oklahoma City branch
executives for $2.8 million, enough to capitalize the new Tulsa trust
company and pay off debts held by the holding ...