Salt Lake Telegram | 1931-07-27 | Page 2 | St. George Bank to Meet Part of Obligations

ST. ST GEORGE BANK BANI TO MEET l PART OF OBLIGATIONS Checks for 8 3 1 per cent of de deposits de- de posits will be mailed to depositors of f the Dixie bank a nt at St. St t. t George this week K D. D Williams examiner In charge of the thc defunct In Institution In- In announced Monday The bank ank closed its doors last winter This brings the payment to depositors depositors de- de to third one-third the total E. E J J. J Pickett counsel for the bank saide said He e added that Mr Williams believes that lat a n fairl fairly large percentage 1 If no not all 1 of the money on deposit In the institution when It closed will wiIl be re- re turned The present prese-nt dividend amounts to about bout Approximately was as on deposit when the bank closed and nd about of the stockholders stockholders' liability alread already has I been een collected the attorney said Will vill L. L Hoyt of Nephi state representative representative rep- rep from Juab has lias been appointed appointed ap- ap pointed attorney for the North Sanete Sanpete Sanpete San- San pete ete bank which closed last Mon- Mon clay daj ay State Bank Commissioner W W. H. H Hadlock announced The law firm of Hougaard Britsch of ManU Mantl will ld a similar position with the Mt Pleasant Commercial and Savings bank bank ank which closed Jul July 16