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Show ARIZONA BANK TO RESUME BUSINESS Xe7 Officers Taka Charge; Depositors Will Not Lose a Penny "by Closing. PHOENIX, Ariz., Tec 30. The Valley bank, Iar?tst in Ana.jra. whir-h was c:o-L-i November 10. will b- reopnftt tomorrow to-morrow with a new tt of ofi ier a r.a ilrector. headed y 8. E. Mine of M.an i, C. E. Moot e of Phoerlix and Dr. L. D. Ki'-ketts oi Vouz.z. The banJt h-d thousands of ri"-p?!tor5. Nons lobt a penny, and in celebration of the reopening they will pi ve a parade Saturday, followed by a "prosperity dinner.'" din-ner.'" The otate bank examiner took charge Of the Valley hank November 10, after a ran. which the institution was unable to withstand because of havinp a lare amount of slow as.ets. It hdd deposit accounts of t:.22rX'''0, but there was less tb.;n $20,000 on hand at the time it closed. m iv.fi reorpn nization just effected, many of the laiKr nt'positors accepted fXo"K and the bank wlil resume business with more than sTOu.OOO in cash and currency cur-rency in ItH vaults. |