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Article: Holding Company Approved for Central, Friendly Banks
- Article from:
- THE JOURNAL RECORD
- Article date:
- August 1, 1991
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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By Nancy Raiden Titus Journal Record Staff Reporter Central
Banking Group Inc., a multi-bank holding company to own Central
Bank and Friendly Bank of Oklahoma City, was approved Wednesday by
shareholders of the two banks.
The holding company was formed to strengthen the bond between
the banks, which have always been affiliated. They both are chaired
by Dan Lacy, son of L.D. Lacy, the founder of both banks.
With the agreement, Central and Friendly became subsidiaries of
the holding company. Central Banking Group acquired all the capital
stock of the banks, and shareholders of the individual banks became
shareholders of the new organization. The new company controls $480