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RICHMOND BANK WILL SUSPEND Decision to Clese Made ThursdayWill Pay Off Depositors and Liquidate Assets. At a meeting of the board of d'rectors and the stockholders of the Bank of Richmond it was decided to close the institution. pay ofi the depositors and liquidate the notes and other SOcurities. Chas. F. Burden, CA hier will keep the bank open until all the depositors have withdrawn their de posits, af er which the bank will be closed for business. W. I. Joyner, vice president, was selected to take charge of the books, collect the notes and wind up the business of the bank. It will probably require several months to collect all the outstanding paper. The bank has funds with which to pay off all the depositors now. The reason of the banks closing was that it had never been a paying proposition. It was organized in August, 1913, by Hanson J. Marks. Immediately following its organization bad crops, war conditions and floods in the territory from which it drew its business hampered it at a time when the institution was new.