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DEPOSITORS TO BE GIVEN MONEY tors will be paid in full. according to & statement issued today by officials of the Central National Bank of Marietta which closed Its doors yes terday Directors said the Institution was elosed to prevent A threatened run on the bank because of the refusal of the First National Bank to ao cept merger proposals. G. Grossen, bank examiner in charge, said an au dit probably would not be completed for several days.
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'WILL PAY ALL' Depositors Won't Lose, Say Marietta Bank Officers By Post State Wire O., positors will be in This was the statement of the Central National Bank of Marietta. which shut its doors yes Board of Directors members was to prevent run on which certain would occur when vealed the Bank refused to the Central Conferences were for than week to affect move. Columbus, national examiner in charge, said an audit not be com pleted for several days Ft. Thomas Commander Ordered to Leave Post Sept. Colonel Dana T. Merrill, Tenth In fantry Ft. Thomas, will for in had announced recently that Merrill would be transferred in June He has been Ft. Thomas about four years.
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'WILL PAY ALL' Depositors Won't Lose, Say Marietta Bank Officers Post State O., positors will be paid in This was the statement officials Central National Bank which shut its doors terday Board of Directors members the institution was closed run on the which they would was rethat National Bank of Marietta had refused absorb Central Bank. Conferences were for more than week to affect this national examiner charge said probably be com for several days. Ft. Thomas Commander Ordered to Leave Post Sept. Colonel Dana T. Merrill, Tenth commander Sept for duty Hawaiian had recently that Merrill would be in June Columbus He has been at Ft. Thomas about four years,
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DEPOSITORS TO BE PAID IN FULL Officials of Marietta Bank Make Statement Today. Marietta, O., Feb. 24.-All depositors will be paid in full, said a statement issued today by officlals of the Central National Bank at Marietta, which closed Its dors yesterday. Members of the board of directors said the instution was closed to prevent threatened run on the bank because of the refusal of the First National Bank to accept merproposals. G. Grossen, Columbus, National Bank Examiner in charge said an audit probably would not be completed for several days.
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SEVEN CLOSED Two Savings Associations Also In cluded In Kansas Promised Refund Pittsburg. Kas., Feb. (United banks and two Associations in Crawford county and in Kas., result of in coal lands int his section by John Miller, accord. ing to the state bank commissioner's office. Miller and his relatives held controlling interest in the institutions. The banks involved had combined resources totaling almost REFUND PROMISED OHIOANS will be paid in full, said statement issued today by officials of the Central National bank of Marietta, which closed its doors yesterday. Members of the board of directors said the institution was closed to prevent threatened run on the because of the refusal of the First Na. tional bank to accept merger proGrossen, Columbus, national bank examiner charge, said an audit would not be completed for several days.
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Purchase of the suspended Central National Bank by the First National Bank of Marietta was announced last Saturday. The consolidated institution will occupy the recently equipped quarters of the Central institution, May 31. Depositors of the closed bank are to be paid dollar for dollar, it is declared. A state bank, it is stated, is to be opened in the quarters to be vacated by the First National bank.