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SIX MORE BANKS TO BE REOPENED IN STATE SOON 10 Already Have Resumed Business Since First Of Year Special To The News COLUMBUS, Nov. 4-Six more state banks are scheduled to be reopened for business within a few weeks, under reorganization plans of the state department of banks, Ira J. Fulton, superintendent of banks of Ohio, announced today. Under negotiations conducted by the department of banks, 10 banks which temporarily closed their doors in 1931, a result of the panicky condition of the public mind, which started heavy runs on many financial institutions, have resumed business since the first of 1932. Bank To Reopen The banks planned to be reopened soon are the Union Savings Bank & Trust Co, Steubenville; the Union Savings & Trust Co, Warren; the Ohio Merchants Trust Co., Massillon; the Dime Savings Bank Co., Canton; the Washington Savings Bank, Washington C. H., and the Farmers' Bank, Elida. Negotiations also are in progress for reopening several other closed banks. More definite information regarding reopening plans probably will be ready for announcement early in the new year. The state department of banks is aiding the committees working on the reopening projects in the various interested communities. "With the reopening of additional Ohio banks in the near future many millions of dollars which have been tied up will be turned back into the arteries of trade and industry," said Superintendent Fulton. "By thus releasing large amounts of assets which have been temporarily impounded by the closing of banks, the working capital of each community directly affected will be greatly increased, with resultant strengthening of financial situation generally. Benefits Statewide "The benefits derived do not stop at the boundaries of the communities, but extend to other areas-in fact, become statewide in their wholesome effects." According to Superintendent Fulton, banking conditions are vastly improved over what they were last year. The present year opened with a marked decrease in bank closings and the number of such closings during the last few months has been surprisingly small- not more than might be expected in normally prosperous times. Since last summer the state department of banks has taken over but five banks for liquidation, with the exception of one, moderatesized bank, all very small institutions, the closing of*which caused hardly a ripple in the economic life of the community. Banking conditions generally are well stab-