Show AGREEMENT GUTS CUTS BANKS BANK'S DIVIDENDS I Eighty per cent of depositors o othe of the closed Bank of American Fork For will receive 8 cents on the dollar dolla less than will vIlI the other 20 per cen cenas cent as a result of sale of the banks bank's as as- ests Rulon F. F Starley state bank ban commissioner said Monday Mr Starley said that the Consoli- Consoli Consolidated Consolidated dated Holding company of Salt Lake Lak City successful bidder at the sa sale sal Saturday and a depositors' depositors commit commit- committee tee signed 80 per cent of the depos depositors depositors tors to an agreement to accept 4 40 cents on the dollar doUar The bid however was for 48 cents cent the amount which will go to the 2 20 per cent who did not sign according according accord accord- ing to Mr Starley Mr Starley said the depositors depositors' committee includes A. A V. V Watkins Watkin George F. F Shelley Warren Anderson Anderson Anderson Ander Ander- son Ray T. T Elsmore Fred Bradley John Wagstaff and Basil Crooks Crooks- ton |