BANK RECEIVER NAMED.
ENQUIRER BUREAU SPECIAL DISPATCH. Charleston. W. May 1-State Banking L. R. Charter Jr., today appointed John H. Bar. ringer, an be receiver for 11 closed banks. The institutions The Clarksburg Trust Company and the Farmers Bank, both Clarksburg: Bank of Jacksonburg. Jacksonburg the Tunnelport Bank, the Lumberman Pullman: the Auburn Exchange Bank of Auburn: the Bank of Cairo: the M. and M. Savings Bank of Grafton: the Commercial Morganand the Peoples Bank of Phil-
BANK RECEIVER NAMED.
BUREAU SPECIAL Charleston, W. Va., May 1-State Banking Commissioner L. R. Charter Jr., today appointed John H. Barringer. examiner, be receiver for 11 closed banks. The Institutions are: The Clarksburg Trust Company and the Farmers Bank, both Clarksburg: The Bank of Jacksonburg. Jacksonburg: the Tunnelport Bank, Tunnelton: the Lumberman Bank. Pullman: the Auburn Bank of Auburn: the Bank of Cairo: the M. and M. Savings Bank of Grafton: the Morganthe Peoples Bank of Phillippi.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
