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HIGHEST Depositors Committee Buy Assets Of Mason City Bank. Custer State Assets Not in Demand. The of the assets of the Farmer's Bank Mason Custer State Bank Broken Bow, held the courthouse in this city Tuesday, attracted quite people. Most there through curiosity and bidders. charge two representatives state department, McGrew former banker being here at that time. There tremendous differapparently in the and securities these Mason bank totalabout $85,000 were cold Depositor's committee $40.000. assets the Custer State Bank amounted trifle over and brought the insignifisum Haley Investment Company Lexington put the high $505 the assets of the Custer State Bank and this firm was declared the subject, to the sale being confirmed the district court The assets the Custer State Bank over eighty notes and judgements, these ranged in from $9,500 down $7.70. There notes and against seven peomore than $5000 others had notes rangfrom Bids were first individual of $21 was put $3000 group notes and bids of each single One man bid $11 on note representing considerable sum, another large proportions only to of After these several notes and judgements were offered singly and in groups, the entire lot, cluding all the notes and all the judgements the Custer State Bank totaling more than one hundred thousand dollars was offered Nebrasfirm for $505. When the assets of the Farmers Bank offered. once apparent that better conditions existed the Mason City institution. An opportunity first given indinotes and the estate and furniture and fixtures of the bank were offered. The bids these small but the entire assets the bank ing over Mason City, representing depositor's started out bid $30,000. This sum raised three times, and the assets finally sold depositor's committee for $40,000. When the sale confirmed the court, all the assets due course time the bank will receive proportionate share the committee the Mason City bank consists John and Harry Sennett expected that charge bank for many will placed charge settlement the affairs. Redmond the confidence his munity this most excellent way which settle the bank the lowest
