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WILL ASSESS STOCKHOLDERS OF FIVE BANKS tate Page from divided as With only one exception. the bank positors. not funds Central Bank and Trust company the of 10,000 shares at was with the Central This one inbank at Biltmore vestment. only 100 and at the request of Bank Leicester at Leicester, $25. vidual interested in 000. trust.
American National bank. at Asheof Black Mountain. the Bank and Trust company, at Black Mountain. $25.000.
To Follow Same Plan The same method will followed in the liquidation of the suspended banks at Hendersonville and other sections of North Carolina. was by John Mitchell, chief state that G. Henson, the state banking will be the liquidating agent for Central Bank and Trust company Similar duty for the closed AmerNational Bank will be by B. who was receiver by the Compof the Currency Pole. Mr. with the federal banking department Mr. Henson will arrive here as soon the auditors, Dixon, Russ and Carter of Raleigh. have their preliminary
Well Known Here The liquidating agent well known Asheyille and western North Carolina. He is native and was associated with banks and Waynesville before the state banking department four or five years ago.
Liquidating agents for the BiltBank of Leicester. Bank of Black Mountain and other suspended banks this section have not been Mitchell advised The Times. He unable say when would be named The task of auditing the financial records the trust department of the Central and Trust will begin week, probably Wed-
In Charge of Russ This will charge of W. M. Raleigh, similar the Raleigh and Trust after Officials of the declared Tuesday that the assets the the were segregated from banking funds were in stocks bonds of Carolina Light company and was explained. Only small deposited the fact. the officials that the trust department was the of the bank's suspension. Had Deposit Boxes The trust department maintained its own deposit boxes and kept from the The said that trusts to any great by the bank's Where the cash in particular trust was the was dethe In where the was large, the money was bonds and first mortgage real estate notes All the provisions the reg. ulating were followed and every to the trusts, It was said. Will Be Transferred As the audit of the department completed. steps be taken for the transfer the trusts to another bank. most instances, the Wachovia Bank and Trust company and the National will be appointed as agents Ten employes have been added the Wachovia Bank Trust pany and the National Bank of Comcare for increased business M. Yost W. added as the Wachovia bank, while the following were ployed the and clerical departments: Williamson, Toney Frank Miss Ruth Brown and Lucile Fitzger ald. All were formerly connected the and Trust company The National Bank Commerce added C. Camp. and Charles Chapman. formerly of the American National Bank, and Miss Agathea formerly associated with the street branch
