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CLOSED BANKS ARE READY TO PAY DIVIDENDS
Receivers Tell Condition of Six Others.
Four closed banks are preparing to pay dividends depositors, State Auditor Oscar Nelson announced yesterday. the Binga State bank, 3452 South State street: the Ridgeway State bank, 3722 West Chicago the Novak Steiskal bank, 1817 South Loomis street, and the Central Oak Park State bank of Oak Park. The Binga bank, which closed July 81, 1930, will pay its first dividend to depositors. They receive checks by mail for $138,000, or approximately per cent deposit liabilities checks mailed by Morris, Practically all of the positors are people. Ridgeway Bank Dividend.
A dividend 15 per cent, the Ridgeway State bank, which closed April Edward M. Olson, receiver, is to mail checks to 8,500 depositors. total of $429,000 due depositors. Clearing of court litigation during per of the Novak Steiskal bank. The was to two ago, but blocked by the intervention of The bank has cash against deposit claims and has addition bonds which can sold to insure the 15 per cent dividend. The Central Oak Park State bank awaiting court action to pay dividend per cent. suit for has been brought against the bank for rent. Master in Chancery Archie has found the bank owes $5,900. his tained be The receiver has against deposit of Other Report. State Auditor Nelson made public statements the conditions closed banks the The statements were prepared by receivers. Emil Wentslaff receiver for the State bank closed set the of assets and in version at $70,995 against creditors. He fixed during liquidation at and disbursements at His disbursements follow: Preferred claims paid $152,467 Receiver's salary 3,350 Clerical hire 4,287 expenses Auditor's closing bank. 1,485 payable 205,998 George W. Bloomgren, receiver for the Lincoln Trust and Savings bank, closed April 16, placed the which value assets against $3,247,002 due creditors. He fixed income during liquidation disbursements of His itemized disbursements follow: Preferred claims $31,167 Legal Clerical hire 4,943 closing 3,300 9,416 Charles Jenks, receiver for the Montrose and Savings bank. which May placed the book against due He fixed during liquidation of His itemized follow: 683 Receiver's salary Clerical 1,837 closing 667 Anditor's
O. receiver for the Norman Second State bank, which closed the with losses of to $1,765 against due Inwas fixed $515,061 of His disbursements follow: Receiver's and expenses 666 salary the Clerical 3,198 770 Auditor's expenses closing bank. 1,050 payable met 280,379 229 in To John Carroll, receiver for the South Savings Bank and Trust which $4,295,587 the due Inagainst was set $25,359. His disbursements follow: Preferred claims paid and expenses Legal Clerical hire Miscellaneous expenses 2,567 Auditor's and Victor H. Munnecke, receiver for the State of Beverly Hills, which closed June placed the value of $1,026,147 liqui was with dis bursements of His follow: Prefererd claims paid Clerical 1,030 Auditor's closing bank payable auditor announced the appoint Edgar Olson receiver Marquette bank. 6314 887 the to be salary and time receiver Novak and bank to because Nelson the closed chain twelve Bain dicted all the banks. Irwin ceiver of the banks, the the banks and only of the paid the banks closed June
