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SAVINGS BANK CLOSES DOORS IN PITTSBURGH was McGillick closed Savings and by the state partment this afternoon. was the close today and the sixth to suspend business this week FAVORS DRY REFERENDUM Senator Glenn of Illinois said today he would vote to resubmit the eigh. teenth amendment, as proposed by the American Legion
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WITHDR ALS CLOSE PITTSBURGH BANKS PITTSBURGH Sept. 25. (P)-The McGillick Savings and Trust Company was closed by the state banking department this afternoon. was the second bank to close here today and the sixth to this week D. Swigart, chief examiner the said the institution was closed to protect depositors. He said there had been many withdrawals of deposits during the past few days. The PittsburghAmerican Bank and Trust Company directors today the state banking department had taken over that institution. Officials said more than $700,000 of the bank's $3,000,000 in deposits had been since Monday The McGillick Bank reported last April it had of $690,000 and deposits of more than $300,000
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SIX PITTSBURGH BANKS IN CRASH 10 Banks Closed With $60,000,000 Lost PITTSBURGH, Pa., Sept. 28.-With six banks cosed over the week-end. the total of insolvent banks here within the last two weeks total ten with lost deposits estimated at $60,000.000. The Pittsburgh-American, Bank and Trust Co. and the McGillick Savings and Trust Co. were closed Friday by the State Banking Department. A run on the former bank withdrew $700,000 of the $3,000,000 deposits. it was reported. The lost McGillick bank deposits total $300,000. Declarations to the effect that the depositors would receive a full return on their lost money is in line with the usual promises to forestall immediate mass action of the depositors. Four other banks, the Bloomfield Trust Co., the Garfield Bank, the Hamilton State Bank and the Pennsylvania Bank and Trust Co. were closed Saturday. The deposits of the crashed banks in the order named are: $1,463,000, $422,000; $253,000, and $2,822,000. No promise of return on the deposits were made by officials of the above four banks.