Jr=== ONLY NEWSPAPER PUBLISHED IN CHOWAN COUNTY Volume XXlV—Number 43. Proposed Merger Os Bflk Os £denton And Peoples l£ik & Trust Company Announced Merger Will Mean Capital Over $2,800,000 With Deposits of $30,000,000 and Resources Amounting to Approximately $33,000,000 John Gilliam Wood, Jr., chairman of the board of directors and president of The Bank of Edenton, announced Wednes day of this week, after several months of negotiations, the pro posed merger of The Bank of Edenton and the Peoples Bank & Trust Company of Rocky Mount, X. C. This intention to merge has been approved by the boards of directors of both banks. However, before the merger can be completed it must first be approved by the State Banking Commission and the stockholders of the two institutions. “We