Article Text
AWAITING WORD OF COMPTROLLER TO OPEN BANK St. Petersburg, Nov. 20.-That the reopening of the Florida Bank & Trust company will take place within a few days is indicated in the anncuncement that William F. Bald, cashier of the Nokomis (III.) National bank, will arrive in St. Petersburg today. He comes to assist in the re-opening of the bank as the representative of the out-of-town stockholders in the new institution that will be built upon the remnants of the old bank and he will likely become a member of the new board of directors. Mr. Bald is cashier of one of the oldest banks in central Illinois, the institution having been established i 1872. He is a self-made man, have ing begun his career with the bank a some 15 years ago as a "cub" bookip keeper. The bank is capitalized at ot $100,000 and has a long record for usuccessful banking in a rich agries cultural section. Mr. Bald comes here re as the representative of several of blthose who will become stockholders oin the new bank to be organized to p take the place of the Florida Bank er & Trust company with Nat B. Broy, 11, phy, at present receiver of the instimtution, as its head. is When the bank reopens within a of few days it will be as the Florida Bank & Trust company, such action being necessary because of the time is, is, required for reorganization and lat change of name. Unless there is something to prevent the adoption ed, inof such a business title, the new innt- stituton will be known as the Peotes ple's Bank of Florida. en Word is now being awaited from our Ernest Amos, state comptroller anles nouncing final approval of the plan 1th for re-opening the final discharge of ent the receivership. . When this is re of ceived and is filed with the circuit ch, jidee the last legal step looking t hile the re-opening of the bank will have eet beer taken. ad.