80-0539AFFAIRS OF INSTITUTION ONE OF
OLDEST OF ITS KIND IN COUN-
TY PLACED IN HANDS OF STATE FINANCE DEPARTMENT BY OR-
DER OF BOARD OF DIRECTORS
Louisiana people regretted Saturday morning learn the closing of the Citizens bank of Clarksville the
FAILED TO OPEN SATURDAY -CLOSED TO CONSERVE ASSETS
Gielsleman, of the State has been placed charge the Citizens Bank Clarksville which failed open conferboard directors. There been no run on the bank order by board conserve the assets the The official statement of bank, September 24, the of the bank the of September gave the following information. Loans and discounts totaled $66,823.53, Overdrafts, $2.34. Banking and $8,000. by the bank from the banking house $6,500. Cash from other banks and bankers, $22,136.90, cash for total were reported lows: Capital stock, $20,000. plus fund, $5,000. prof$722.91. subject check, municipal deposits, Time deposits, Clifford was president and George Wells the bank, and directors were listed being Willa Wells, Patton George Wells. the bank have titioned the State Finance department place local charge the liquidation and suggested Kenneth Patton. felt the depositors such move would allow the business the bank cleared up more conomically.
Louisiana people regretted Saturday morning to learn of the closing of the Citizens' Bank of Clarksville. The bank failed to open for business Saturday following action of the board deciding to place its affairs in the hands of the state finance department of Jefferson City. The department has sent an examiner there to take over the bank's affairs. There was no run on the bank. the board agreeing that closing the institution would be the wisest course to pursue in view of prevailing conditions. According to the last official state-