Article Text

Bank Receiver to Pay 5% Dividend According to information given out by the receiver of the Bank of Palmyra dividend checks to the amount of 5 per cent will be mailed Thursday to the depositors of the closed institution. The receiver now has on hand for the bank $11,005.18 and the 5 per cent payment will amount to $9,327.69. The amount previously paid the depositors equaled 57 1/2 percent of their funds at the time of closing. The present payment will bring the total up to 62 1/2 percent.