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Show Bank Announces Savings Interest Raise j The board of directors cf the Bank of St. George and the State ; Bank of Hurricane, at Its last board meeting, raised the inter-; est to be paid on savings from 2 rJ to 3ri to become effi-ctivej Jan. 1, 1957. This announcement was made by President William A. Barlocker. The increase was recently authorized au-thorized by the Federal Deposit Insurance Corporation to enable banks to compete with savings and loan associations who are permitted to pay 3K. Deposits up to $10,000 in these two banks are insured by the FDIC. 1 Mr. Barlocker pointed out that it 13 the policy of these banks to give the depositors the high- 'est interest allowed by law and the best protection available. "Therefore." he said, "the bank is the saver's best friend." |