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EXAMINERS TAKE OVER BANK Woodbridge First National Bank and Trust Co. in Hands of Examiners Nov. The First National Bank and Trust Company quarters 106 street, charbank closed morning the Board Directors the institution placed the bank in the hands of federal examiners. notice was placed on the front door of the bank advising deand others that the bank had and that now the hands of the Federal examiners arrived at the took over charge the institution. Until can made the affairs bank the institution will be suspended. When the bank employes arrived they met by McCans, federal bank examiner them that the had been placed his charge The went desks and the doors bank were closed. Shortly before notice was pasted the doors of the bank bank the direction the the Currency is charge of Nation Bank Closed by orders of the Board of Directors. "A. B. McCANS. No at the either Mr. McCans the It learned conferwith Mr. McCans the week-end and decision was reached to the bank to conThe federal examining the books the for the or ten days, was learned today. Two Banks Merged The First National Bank and Trust Company is instiAbout eighteen months ago, the First National Bank Woodbridge and the Woodbridge National under name First Bank quarters the building of the Woodbridge Bank The officers of the bank Wilpresident; William cashier: Joseph Grace, assistant W. Leon Harned, assistant cashier The Board of Directors is of William Brown, M. Demarest, William HarTurner Frank Dr. Joseph Mark, H Thayer Martin, John F. Ryan and Guy Weaver last fiscal statement the the report showed 29, 1931, resources There was run on the bank this although the closing caused stir in the the the nity. Hore than 100 the rain during the morning read the morning. depositors called and were greeted by the Small groups gathered outside the deposits of their savings in the Members of the Board of Direcpassed out the during the and there reports that help would be forthcoming the opening of the bank at an early date. Closing Voluntary (By The Press) NEW YORK, Nov. The National Bank and Trust Co. Woodbridge, was closed today by of its board of the the National in New York. The suspension, It was said, was volun- The Woodbridge bank had deapproximately was capitalized $150,000. had $15,000 profits of $34,000. Details of the closing were unavailable
