OCR Text |
Show Local Bank Secures Deposit Insurance The Bank of Pleasant Grove j received their certificate for deposit Insurance from the U S j government and along with 'the greater number of banks of the country afford depositors the protection pro-tection of insurance on all deposits up to $2,500.00 on and after January 1, 1934. This is a foreword step in bonking bonk-ing and our banking institution is to be congratulated in being able to secure this protection for their customers cus-tomers and depositors. Not all banks can qualify and we are fortunate in having an institution that can come right up to the scratch with Uncle Sam and meet the rigid requirements. require-ments. Under the provisions of the insurance insur-ance fund set up under the banking act of 1933. money on deposit or thereafter deposited will be insured for nn amount not to exceed $2,500 for each customer. j The deposit insurance law was enacted by congress following the forced closing of thousands of banks in the nation, in spite of the opposition opposi-tion of the big banking interests of the country. n |