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CLOSED ARKANSAS BANK HAD SHORTAGE ROCK Ark Dec 29 Defalcations aggregating $19,259 by Joseph McGrath until Nov 21 assistant secretary in charge of collections of the closed American change Trust company here. were charged in information asking for his arrest engaged in liquidating the bank McGrath was alleged to have disappeared days after Exchange closed its doors locate since have been warrant by Boyd he had from Sam for Wilson. as liquidating agent appointed by the bank McGrath been employed by the American Exchange predecessors since years of age warfor McGrath's arrest would be alleged shortages cumulaperpetrated through bill lading drafts Bank auditors said they were unable determine over how long period the alleged extended esthe and repeatedly October month before the closed. spent days records without finding facts Bank Suspensions. TOPEKA 29 state today closing of Farmers bank Wheaton Frozen assets was given the bank's latest statement showed capital surplus and $123.225 deposits LITTLE Ark Dec. 29 The County Clinbanking Gerner Frazier. the department expected bank reorganized and opened within the five-day period had capital and surplus and deposits of approximately $157,000 MONTGOMERY Ala Dec. 28 Dent Green, of banks. announced that the Chambers County bank Ala. closed because frozen asand steady withdrawals M Tucker. president the bank stock 000 and its last report Mr. the in not available The bank being taken by the state for liquidation, Mr. Green said. INDIANAPOLIS Ind. Dec 29 The Trust and Savings the Southside Trust and closed today, the state banking commission was The bank was capitalized at $100,000 had deposits with plus undivided profits DENVER Colo., Dec. Farmers Brighton, Colo., taken over today State Bank Grant the closing was caused by frozen assets bank had deposits of $429,000. which to by withThe cash and surplus amounted to $50,000.
