Article Text
THREE ARKANSAS BANKS REOPENED LITTLE ROCK Ark., Jan. banks in Arkansas today bringing to 47 the number which have resumed since last November 17. State Banking Commissioner Walter E. Taylor said today The Merchan & Planters bank at Arkadelphia, reorganized by electing Roy Golden president and reopened after been closed since De cember 20. The Bank of Oxford in Izard county closed since November 17, also reopened. The Bank of which pended several weeks ago, reopened today under an agreement of depositors to "freeze" their accounts over a period of months. S. L. is president, and J. B. Swift executive vice president. U. AID IS SOUGHT IN PROBE OF BANK LITTLE ROCK. Jan. Prosecuting Attorney Carl E. Bailey has disclosed that he has sought intervention of federal authorities in an investigation of the affairs of the closed Exchange Trust Company, of Little Rock. He has been in with the department of justice and other government agencies, he said, and though he declined to make public nature. he said he had received couraging responses. NEW BANK TO OPEN Fla., Jan. 31. (AP) Amos today officially approved the opening of new Merchants & Farmers bank, of next Monday. The new bank capitalized at $25,000 and has surplus of $7,500 undivided profits of and serve D. is president, and J. Vickers, cashier. SEEK TO REORGANIZE BANK AT KNOXVILLE KNOXV Tenn., Jan. Mitchell Long, Knoxville attorney, said today that negotiations are under way for the organization of new national bank in 'Negotiations have been held between local persons and group headed by R. Preston. of Chattanooga, with view to organizing a new national he said. "However, the organization is only the preliminary stages and no definite announcement can be made this PLANS MADE TO REOPEN BANK IN TENNESSEE E. Leach, chairman of the depositors' committee of the First State Bank & Trust Co., here, said today plans were being made to reopen the bank ruary 10. The bank suspended business several weeks ago. oHTo AND CAROLINA BANKS FAIL TO OPEN Jan. The Planters bank of Sharon failed to its doors today, completion of an audit the state ing The bank listed deposits of $127,000 NEW Jan. State bank here, capitalized at and with of failed to open its doors this morning.
