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FIRST NATIONAL HERMOSA, PAYS PER CENT
Must Present Certificates; Other Payments Totaling $106,000 Made
Here's good news for depositors First National Bank which closed Its doors on December 1932. Heathcote, receiver. announces that he now ready commence paying first dividend to depositors and other creditors the amount of 15 per centtheir claims HOW TO COLLECT Payments will he made only those who have proven their claims and who hold receiver's and such certificates must be presented at the receiver's office for endorsement before dividend checks will be delivered. Any depositors or other creditors unable to visit the receiver's office Hermosa Beach in person may communicate with him by mail. OTHER PAYMENTS The First National Bank of Hermosa Beach has, since closed its doors, in addition to the present dividend unsecured creditors, has paid the sum of approximately $106,000 on secured claims, public deposits and in the form of repayments on borrowed money. OTHER BANKS Statements made morning dicate that immediate dividends will be available in any of the other three South Bay banks now in quidation. According to Thomas Healy, assistant to Walter Robinson, deputy superintendent of banks, in charge of liquidation ceedings for the State Bank of Manhattan Beach, the First Bank of Hermosa Beach, and the American Commercial and Savings Bank Redondo Beach, it was impossible to predict exactly when dividend would be declared in any the REDONDO BEACH Financial status the three banks show that according to ap pearances the American Commen cial and Savings Bank in Redonds Beach should be the first to declare dividend payment. With deal of the funds due on payments at the First Bank of Hermosa Beach, and *State Bank proceedings held up by suit, not give any definite information concerning the outlook other than to say that it did look hopeful.
