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Central Bank and Trust Co. Largest in North Carolina Acts to "ConResort, serve Assets." FIVE OTHERS IN STATE SUSPEND President of First National Bank in Horse Cave, Ends Life After Saying He Erred in Closing. By the Associated Press The Central Bank Trust Co., largest financial institution in this immediate section, failed to open business today and noon other western North Carolina had closed their doors Capitalized $1,000,000, the Central Bank Trust Co. on Septhe date the last tember bank had deposits of approximately Other banks closing were the Bank here including its branch at Oteen Veterans' the First Bank Trust Co., the American Bank Trust Citizens National Bank Henand the Bank of LowThe closings Hendersonville left without banking facilities After the First Bank and Trust Co. there failed to open runs immediately developed on the American Bank and Trust and the Citizens' National Depositors stood in long lines in an effort to draw their The American remained open only minutes. Its officers, closing issued statement saying the action had been for protection of depositors and because of the run. Citizens closed an hour officers declared the institution The First Bank and Trust Co., had and of according to its last statement The American Bank and Trust reported deposits of approximately The National was capitalized of and of given by the directors Central Bank and closed anticipation of heavy the statement said, taken conserve depositors and only became that During the past days bank been forced heavy funds primary the clos. today said by John State Bank Exam. iner. to be the collapse real estate values from Two More Louisville Banks Close; Brown Displaced Nov Election of Henry Vogt, Louisville James president the formally nounced today The holding company the Nation. Bank of Kentucky, which closed Monday announced the Bancokentucky is continuing to do business under authority of its board of directors. who accepted resignation Brown president the National Bank of Kentucky, in hands Federal receiver. closing of which followed of business by other Kentucky banks The latter affiliated with one of the closed Monday Bankers Trust Louisville institution announced today had placed its affairs in the hands of the State Banking Coinmission for liquidation was opened this morning and decision shortly after noon. The Avery Building which holds mortgages many houses and lots. announced take advantage of the State law permitting not to make any for 30 days added "excellent financial con. Directors of the Union Central Bank of Louisville, an industrial toan bank organized two ago, announced would not open morning This bank. which has deposits of cleared through the Louisville Trust Co. suspended operations Mon day George Ewald president of Central Bank said he thought the depository fully solvent. Four More Arkansas Banks Suspend: Total for Week 62. By LITTLE ROCK, Ark., Nov 20. Suspension of four more banks in Arkansas reported to the State Banking Department today, bringing the this to Arkansas National Bank Heber Springs, which suspended Tuesday. reopened today. Those suspending today were the Bank of Ozan at Ozan and the Bank of Strawberry at Strawberboth for five days, and banks Bald Knob, the Bald Knob State Bank and the Citizens' continued today by directors of many of the
