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No Bank This In front of the Farmers and Traders Bank in Marinette county's unincorporated village of Porterfield Monday small crowd gathered. The doors opened. Depositors went in, withdrew all their Two years ago this would have represented "run" on the bank, would have been merely one of the many that helped hurry the banking holidays of March. 1933. But this week's scene at Porterfield was no "run." meant only, explains the state banking that the town was tob small to support bank, that the had, therefore, decided to close and liquidate and, of most importance to depositors, that the Federal Deposit Insurance corporation was ready to pay all depositors in full, since no deposit over So the depositors now have their money, the FDIC. which will suffer no hardship by waiting, will have first claim the assets the bank, and the assets will be liquidated leisure that may be saved if possible for the stockholders.
