National Bank of San Antonio Stockholders Approve 1 Million Sale
At the January 19 1984 annual meeting stockholders and directors unanimously approved selling 1 million dollars of preferred stock to the government and separated the Alamo National Company from the bank under the new National Banking Act. Also presented is the bank’s financial statement as of January 20 1934 showing loans, bonds, real estate, and deposits. The FDIC notes federal insurance coverage.