Show efto BANKS consolidate at a meeting of the stockholders of the monticello state bank held this week decision was made to con with the san juan state bank of Bland mg according to D L goudelock Goud clock of moab who attended the meeting one half of the capital stock of each bank will be retired giving the new bank a capitalization of and a surplus of the excess capital and sur plus will be to the stock holders of the two old banks under a plan yet to be worked out the consolidated bank will be located at monticello and will be named alie san juan state bank the new bank will be a very strong institution and will be in a position to properly serve the banking needs of san juan county |