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SPENCER STATE REOPENED BY DEPOSITORS INSTITUTION WHICH PENDED BUSINESS SATURDAY REORGANIZED SUPPORTED BY COMMUNITY Opens for Business Thursday Morning With 115 New StockDeposits Total $23,000 First Day in Existence Spencer, Neb., Dec. The News: The Spencer State bank, which suspended business last Saturday evening, again going Thursday morn new money, stockholders ano and of ficers and entirely bank, the reorganization being perfected with speed than has before accomplished in Nebraska, believed here. The new bank retains the same name, Spencer State but entirely institution which backed by the entire munity. now has 115 business and fessional men and farmers of this community. Backed by Citizens The whole community wholeheartedly the projgreat satisfaction by the citizens cause of the expeditious which the has completed. the business of Spencer feel much encouraged by the outcome the with the state banking department. Spencer State bank The former business Saturday but suspended of meeting held depositors' and out for Sunday institution Tuesday afternoon the depositors over the bank and final worked out Wednesday conference with Woods of Lincoln George the state banking The depositors raised 115 them stockholders. They elected the lowing directors: Storjohann, Henry Herman Pacelik, James Voidneck, Zidko, Dr. Bradley and Peterson. Storjohann Made President Storjohann the new institution. Henry Woldneck vice president. SEE PAGE NUMBER
