Commercial Bank & Trust Company (Danville, VA)

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Bank Receiver Makes Report On Commercial

The sixth report on the progress made in winding the affairs the Commercial Bank has been filed by Crider. the receiver in the corporation court It one of the shortest far and reflects progress in the liquidation of the Judge Leigh has approved step termed greatly to the inter. est depositors and creditors paying to the Union Mutual Build ing and Loan on serial loan $2,375 in the form weekly installments The court also the ceiver to draw for himself $2,500 credited on commissions earned.

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Commercial Bank Receivers Report Shows Gains By Mill Stock

Receivers for the Commercial Bank are still engaged in liquidating the report filed with affairs and Judge Henry Leigh of the tion shows that there $60,000 hand for distribuother the depositors One tion among already paid this condend has stituting fifteen per Notwithstanding the publicity to this dividend about 800 checks not been called for these representing and every effort being made locate the persons to whom the checks made out The last report, which is requisite under the Virginia receivership shows that the bid made Dibrell the Rosenstock home Main street has been accepted. Mr. Dibrell secures the property for 900 The purchase the Hunter property Gray ertson for also has been confirmed. Fred Leggett has purchased the signboards maintained by the bank while operating for $135 The report shows once the increasing value of Rivermore side and Dan River stock. On report five August shares of preferred stock were sold to the Corporaper share and tember 3rd shares of preferred were sold to the corporation at per Both of these sales have been confirmed the court. known when another distribution be made.

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More Collections Made By Receiver Commercial Bank

The receivers the Trust have Ned report with Judge Henry who has approved The report makes but financial debtor gradually liquidated by Talbott and EdMeade the The receipts hand now to

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Commercial Bank Receivers Make Monthly Report

The receivers Bank and Trust Company their Judge Henry corporation court, this showing that Messrs Meade Talbott up affairs the bank have cash balance total collections negotiable paper during the month of March amounted added to the isting assets on hand made total The during the month The realization paper slower than but the have been collected for The latter are represented by mortgages be pressed too quickly the value of realty

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Bank Receivers File 31st Report

Edwin Meade and Frank Talbott, receivers for the Commercial Bank have just completed their thirtyfirst report to the corporation court of Danville, and the report has been filed with Judge Henry G. Leigh. The receivers have & balance on hand of $9,451.50, from which payment to depositors probably will be made at & later date. The repoit showed total collections on loans held by the bank to be $12,463.98 with disbursement of $12,128.15. The balance on hand at the beginning of March was $9,205.61.

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Bank Receivers Asks Judgment On Three Notes

Receivers of the Commercial Bank and Trust Company yesterday entered the corporation against Neal and members his family recover principal and interest three promissory that Names defendants in the suit with Neal who for many years has identified the local toare Eliza Neal, Jack Neal, and Price docketed for the December term court.

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BANK TO REPAY

DANVILLE. Va., June 9 (Special) -Commercial bank receivers announced today that $79,000 will be paid depositors in two weeks. It will be the seventh dividend, bringing total disbursement to 3,300 people up to $597,000 since the bank closed.