BANK DEPOSITORS WILL GET 107 PCT. DIVIDEND WAKARUSA, Ind., July 18.—(AP)—Hugh M. Hayes, First National bank receiver, today said 1,000 persons who had approximately $200,000 on deposit when the institution closed in October, 1933, will receive a 107.9 per cent reimbursement Saturday. The 7.9 per cent represents interest, Hayes announced. He pointed out a 100 per cent assessment against holders of $25,000 in stock and a liquidation of assets made possible the settlement.
Closed Bank to Pay Depositors 107.9 Pct. Wakarusa, Ind., July 17 (AP)—Hugh M. Hayes, First National Bank receiver, today said 1,000 persons who had approximately $200,000 on deposit when the institution closed in October, 1933, will receive a 107.9 per cent reimbursement Saturday. The 7.9 per cent represents interest, Hayes announced. He said a 100 per cent assessment against holders of $25,000 in stock and a liquidation of assets made possible the settlement.
Defunct Bank Will Pay 107 Pct. On Deposits Wakarusa, Ind., July 17 (AP)—Hugh M. Hayes, First National Bank receiver, today said 1,000 persons who had approximately $200,000 on deposit when the institution closed in October, 1933, will receive a 107.9 per cent reimbursement Saturday. The 7.9 per cent represents interest, Hayes announced. He pointed out a 100 per cent assessment against holders of $25,000 in stock and a liquidation of assets made possible the settlement.