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BANK IS CLOSED AFTER A RUN TUESDAY STATE FINANCE DEPARTMENT TAKES CHARGE INSTITUTION The Eolia Bank failed to its doors morning. the bank the reason for closing the State Finance phone the bank brought forth the statement that of the had arrived and charge, but yet they position to give out any statement of the bank. published Times, ThursApril, 30, this showed have capital surplus fund $1,500. Undivided profits were shown $74.77. Demand posits shown at and time deposits total Against these liabilities were listed resources follows: Loans $61,883.52 overdrafts of cash hand and due from other banks and bankers items transit $29,536.46. value place on the banking which alloted furniture fixtures. Bank Reorganized The Eolia Bank reorganizJanuary 1930, the former being known the of Eolia, the of the State Department, capital and $1,500 surplus and officers were elected: chanan, D. Miss Leta Clark, cashier, and the following directors, Bibb. Gooch, Lovell, Jensen McCue. The Bank of Eolia had been established 1902 during the years previous this organization accumulated paper which period value. which brought about the reorganization Buchanan, who served president bank the time his death, 1930, been connected bank years cashier Following death vice dent became president in that capacity until March this year when took office county collector. Since that time Thurhas been charge as the active president. Directors the bank the closed were Bibb, Thurmon, W. McCue, Claude Lovell, Jensen and Reynolds. Miss Leta Clark, served bookkeeper for the bank. elevated the position cashier about first the year that capacity the time the closing. through the First National Bank St. Louis. Bank the seventh bank closed in Pike county other with one closing. Out total fifteen banks, Pike county now seven.
