Salt Lake Telegram | 1931-07-20 | Page 9 | Second Bank Shuts down in Mt. Pleasant

SECOND BANK BANI BANKi i f SHUTS DOWN IN MT PLEASANT The Thc North S Sanpete bank of or Mt Pleasant failed to open its Us doors Monday morning according to State Bank Commissioner Walter H. H Had- Had lock The bank closed by order of or the thebaud board baud of directors Mr Hadlock said which gave inability to liquidate heavy y livestock loans loatis as ns the reason for tor closing Senator V. W. D. D Candland of Sanpete Sanpete Sanpete San- San pete county is Js president of or the de- de institution and A. A L. L Peterson Peterson Peterson Peter Peter- son of ot Mt Pleasant is cashier The banks bank's resources were listed at capital at and surplus at according to a report of 01 th banks bank's condition of or June 24 The same report showed tha that t the total demand deposits were and time Ume depos deposits ts 37 The bank was vas organized December ID lii 1905 The North Sanpete bank was the second MU ML Pleasant financial Jn institution U- U to close within a week The Commercial arid and Savings bank also aist of or Mt lit Pleasant failed to open its doors last Thursday