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Perryville's Old Bank Opens for Business The Old Bank at Perryville opened for business at the Old stand this morning. Some months ago the Old Bank suspended operations because the liquid assets were not sufficient for the time being. The Old Bank, however, was as solid as the Rock of Gibraltar and reduced its loan accounts and opened up as usual. During these depressing times hundreds and hundreds of banks in the nation have had similar experiences but without losses to anybody.
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BANK FAILURES AT YEAR'S LOW Only 17 Close, Seven Reopen in Week NEW YORK, Feb. 13-Suspensions of banks in the United States dropped to record low weekly figure for the past 12 months, while reopenings continued favorably, the Banker, daily banking publication issued in New York, reports for the week just passed. Bank closings reported totaled only for the week. Re-openings were seven. No bank closings at were reported on Tuesday Feb which was the first day with no closings since in 1930. Failures since the first of the year, at the close of the week reached 402, the list having been swelled by the addition of 24 January failures, the report of which been delayed by the Illinois banking department. Total estimated deposit liabilities tied up in closings to date this year have been $199,950,000. The total additional closings reported last week affected $20,450,000 in deposits. January closings total 351. In the first 10 working days of February there have been only 51 suspensions. Reopenings certified through to the American Banker last week included banks in Johnson City and Hutsonville, Illinois: Warsaw and Syracuse, Indiana: Orapohoe, Nebraska, and Perryville, Kentucky.