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STATE EFFECTS OF CLOSED BANKS Reorganization Plans of Department Help Restore Sound Conditions. AID TO BUSINESS SEEN Ten Ohio Banks Resume Since Jan. Six Others To Follow Soon. Special state scheduled be reopened for within few under plans state department banks Fulton superintendent Ohio, announced Under the department which closed their doors in 1931, result of panicky the public which heavy many financial resumed business since the first the present year The banks planned to be opened soon the Union Savings Bank Trust Co., the Union Savings Trust Co. Warren: Ohio Merchants Trust the Dime Savings Bank Canton: Washington Savings bank, Washington the Farmers bank. Elida Other Reopenings Probable Negotiations are also in progress for reopening several other closed banks. More definite information regarding reopening plans probably be ready for in the new year The state department of banks aiding the committees working on the reopening projects in the varthe of additional Ohio banks in the future many millions of dollars which have been will be turned back into the arteries trade and ton. thus releasing large amounts which temporarily impounded by the closing of banks, the working ital each community directly fected be greatly with resultant strengthening financial situation generally benefits derived do not stop at the boundaries of the extend to other areas, in fact, come statewide in their wholesome Reports Great Improvement According are vastly what they The present year opened with year decrease bank and number such during the past few months has been surprisingly more than might expected normally Since the state department banks taken but five banks for with the ception moderate bank, very institutions, the closing which caused hardly the life of the Banking conditions generally stablized in Ohio other states. Among the banks reopened this Dollar Savings Trust and the City Trust Savings both George Harter Bank, Canton: the Trust Co. and the Savings Trust Co., both Mansfield, and the City Savings Bank Trust Alliance. Other cluded Seville State bank, the Farmers' Banking Co., the bank, and the Bank of Leipsic. Theodore H. Tangeman, director of and member of Gov. ernor White's cabinet. has masisted Fulton in working out the bank reopening which the state put into effect, student of finance, has been position to render effective aid in state's bank work. Charles Saf fin, Jr., in the of has been factor in of the bank reopenworked out by the department.
