Show Utah Bank Closes W. W v. v H II Hadock bank commissioner for the State of Utah announces that t the Mt Pleasant Commercial and SavIngs Savings Savings Sav Sav- ings bank failed to open for business Thursday morning The institution was closed lored by order of the board board of or directors The closing of the bank according to Mr Hadlock was due to lack of secondary reserve resene and the large number number number num num- ber of loans on livestock and real es es- es tate During the past two months members members members mem mem- bers of the board of directors have personally loaned the bank ilan in il inan inan an effort to keep open The bank at the close of business on June 24 had total demand deposits of and arid time deposits of Loans and discounts totaled most of which were on livestock and real estate Capitalization tion was as and surplus There was very little cash on un nand at the time Ume of closing J |