Salt Lake Herald-Republican | 1919-03-12 | Page 10 | Defunct Bank of Bingham is Restored

DEFUNCT BANK OF BINGHAM 4 IS RESTORED S Sound Copper State Stale Bank J Rises IRises on oil Ruins of I Predecessor Pl of ot tho the defunct Rising on the ruins field Copper State bank tho the per Cot State Stat bank opened its doors yesterday In the tho same banking house which Its predecessor or had occupied at Copper- Copper field Bingham Canyon TIm The Central State tate bank replacing the defunct Citizens Citizens' Citizens Citizens' Citi Citi- 7 zens' zens State bank o of Bingham wh h th the CopperfIeld Copperfield Copperfield Copper- Copper failed on the same sune da day field State bank crashed will open for Cor bringing to a business toda today thereby therb close the tle Bingham in ham Canyon Canon financial flurry lurT A sized good-sized crowd was wa on hand nanu when the Copper State bank op opened ned its doors yesterday morning but there disorder was no excitement and no Some withdrawals were made b by depositors depositors depositors de de- de- de who need small sums but thorns theo was vas nothing remotely approaching approaching- a run C. C TV C W Buckholz who was cashier o of the Copperfield State bank is cashier o of the reorganized Institution It is capitalized at with a cash r reserve re- re serve ser of oC Depositors of oC the Copperfield Copperfield Cop- Cop State bank own a considerable percentage of oC the stock of oC the Copper Coppel State tate bank The Central bank of Or Bingham as re reorganized reorganized ye- ye organized is a subsidiary of oC the Utah State Slate National bank of Salt Lake which owns control of Its stock A considerable percentage of oC he stock however howo I Is held by depositors of the former Citizens Citizens' State bank Alvin C. C Strong trong former teller In the Utah Slate State National bank will act as cashier of oC tho the new nW institution at least for the present The Central is capitalized at with OOOO surplus It Is understood that both banks Will will vill apply for Cor admission to the tho federal re reserve reserve reserve re- re serve system I