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Closed Bank Doors Soon, Is Hope May Be Taken Over by Chase, Says Report Harry Heyson, president of the National Bank, which closed its doors following three-day its deposits, today that plans under reopen the institution at an date. Meanwhile the Federal Banking Controller has announced the appointment receiver, but by officials of the closed bank plan for reopening the would worked out bethe receiver would act. Merger Is Rumored was reported today that esentatives from Chase Bank and the Manufacturer's Company had conferred with lirectors of the Rockaway instituand that of the acquisition by either the Manhattan institutions would during the week. The bureau of the Chase would neither conthe rumor. The closing the beach instialso resulted heavy run the National Bank Far RockWilliam Glacken, presiof the Far Rockaway bank, the in names bethe two Rockaway banks was esponsible. Run on Second Bank Mr. Glacken said most withdrawwere made by "small depositors." bank, he said, in sound conThe situation developing over the imilarity names, Glacken said, led directors of the bank that new name be given the Rockaway institution steps bring this about would be taken conditions had been traightened out at the beach bank.
