Article Text
AT EUFAULA BANK CLOSED TODAY Withdrawals for of Commercial Closing National Bank the last 30 withdrawals closing of the about the brought National bank, offiCommercial financial institution of the failure to open the said here after business today. doors for meeting of the directors was It was decided night and last to open for business today. national bank examReed Dolan, the affairs of who took over the Houstono National bank at DoOctober than after its closing the Commercial in charge of National bank here today after the did not this morning. bank open Efforts will be made to reorganCommercial bank, it was the had deposits of said. The bank $124,000 on hand at the close of busofficials said. Deyesterday, the bank totalled $227,000, posits in to the July statement. according The bank is capitalized at $105,000, with $50,000 surplus. Humphrey Foy was president of the bank. Closing of the bank leaves Eubank, the Eufaula with only one Trust Co. The East faula Bank & Alabama National bank was closed here in 1929, John Vann, who liquidating the Houston National bank, being receiver.
