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Bank at Pillow Is Taken Over by State The first State bank to close its doors in than two the Valley Bank of Pillow, was taken charge today by the State Banking Department. Pillow in the northern end of Dauphin County. The total resources of the bank were $379,232, deposits, $279,000; capital, $25,000; surplus, $30,000 and undivided profits, The statement of Secretary Will liam D. Gordon of the department have this day taken possession of the of The Mahantongo Valley Bank, Pillow. Pa. "This action was necessitated to protect the depositors, creditors and stockholders and to conserve the assets preference might not be obtained by withdrawing depositors. proper resolution was passed by the board of directors of the named institution concurring in this action. "The total resources of this institution were $379,232.97 deposits $279,000, capital $25,000, surplus $30,000 and undivided profits $18,500. "The following are officers of this Institution: Schmeltz, president; E. Wilhour, dent: F. W. Boyer, cashier, and H. R. Gessner, assistant cashier."