Park Row Trust Company
Its location was the same as the Clarke Brothers Bank which became insolvent in June 1929. Park Row Trust Company was capitalized at $500,000 with a surplus of $250,000 and an organization expense fund of $50,000. The financial institution was made up of individual directors of the Plaza Trust Company.
On July 8, 1930 Park Row Trust Company merged with Plaza Trust Company and Broadway National Bank & Trust Company. The merged company was called Broadway & Plaza Trust Company. The new institution had a capital of $1,350,000 and a surplus of $1,800,000.
- Park Row Trust Co., Wall Street Journal, January 1, 1930, pg. 16.
- In and Out of the Banks, Wall Street Journal, January 25, 1930, pg. 9.
- Three Banks Merge, Wall Street Journal, July 9, 1930, pg. 16.