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Five Banks Pay Dividends
Payment of special dividends realized from assets of five failed banks to the depositors of those institutions is announced by the state bank receivership division, as follows:
Battle Creek—Battle Creek Valley bank, 5 per cent, $14,300; previous payment, 15 per cent, $42,901; total, 20 per cent, $57,201.
Bruno—Bruno State bank, 10 per cent, $12,189.
Chadron—Chadron State bank, 5 percent, $22,686; previous payment, 15 per cent, $68,058; total, 20 per cent, $90,744.
Loomis—Farmers' State bank, 10 per cent, $7,163; previous payments, 45 per cent, $32,235; total, 55 per cent, $39,398.
Sterling—Farmers' & Merchants' bank, 10 per cent, $7,060; previous payments, 46 per cent, $32,592; total, 56 per cent, $39,652.
In the case of the bank at Sterling, 58 per cent of its original deposits were withdrawn while the bank was being operated by the old guaranty fund commission. The percentage since paid are based on the amounts due depositors when receivership began.