Article Text

REORGANIZE BANK Lincoln, May 10. (AP)β€”The state department of trade and commerce today announced the reorganization and reopening of the First State bank of Beaver City. The bank suspended business Nov. 20, 1931. Stockholders re-capitalized the institution with a view to pay the depositors in full eventually. The bank opened with capital stock of $30,000, with A. P. Keiser as president; A. B. Brown, vice-president, and A. T. Nickerson, cashier. The department also announced the payment of a 40 percent dividend to depositors of the Hoskins State bank at Hoskins. The dividend, the first paid these depositors, totals $76,645.09. A dividend of $8,068.73 was announced for depositors of the Washington county bank at Fort Calhoun. It amounted to seven percent. Payments already made depositors total