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Show Bank Declares Dividend A semi-annual dividend of $1.00 per share on its 22,500 shares has been declared by the First State Bank of Salina. This action was taken at the June meeting of the Board of Directors. The dividend is payable July 1st and is the same rate paid for several previous periods. Directors of the bank were told that total deposits were $1 million dollars higher than a year ago. This represents an increase of more than 10 per cent and, according to bank president Angus II. Belliston is "an indication of what we consider to be surprisingly good growth over the past several years. Ten years ago deposits were less than $7 .million dollars; now they are close to $11 TnUiionrdonars?' The First State Bank of Salina Is now owned by 135 stockholders of whom well over ft are southern Utahns. |