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Plans For Day Celebration DIVIDEND Checks Amounting To $12,000 Will Be Ready For Delivery Sept. The State Banking Department Montgomery has announced the distribution depositors of the Alabama Trust and Savings Bank of Florence of Dividend No. for five cent, 1933. Checks now being made out and will be ready for positors on that date at the office the liquidating agent the bank's location on the corner Court and Tennessee streets behours of M. and Claimants are urged to call and receive their checks on that date or soon thereafter as possible. banking quarters have recently been and leased large real estate operator, the Winfield Company of New York, but ample space was the main banking room for use of the liquidating agent. This action will place in circulation Florence and immediate trade area more than This the second distribution made within the twelve months and brings the total payments to depositors to more than $25,000. The bank suspended business in January, 1931. Officials announced that sizeable portion of the remaining represented by investments in real estate, none of which yet been sold, the same having been held through the depression days in the hope that interests depositors might be substantially benefitted by the rcovery of local realty values. was also that more than $30,000 of the bank's funds are invested in bonds, most which are listed on the New York Stock Exchange, and on which several thousand dollars been gained in recent months by improved market conditions, and officials the banking Department are of the opinion that these ticular assets will further in value when the President's NRA program gets in full swing. said that all the real tate holdings of the defunct bank are rented to advantage and the rental income at the present time providing for all liquidating pense, taxes and insurance.