OCR Text |
Show EXAMINERS CLOSE UP BANK AT ST. GEORGE The Dixie Stockgrowers , Bank failed to open for business this morning on orders received from the state bank examiner last night. Negotiations Ne-gotiations for a consolidation of the banks here have been under way for some time but these evidently failed, even though the directors of the Stockgrowers were practically assured assur-ed that a deal would be consummated. consummat-ed. The situation was to be stabilized stabiliz-ed with the help of the Bank of St. George, and banks at Parowan, Hurricane Hur-ricane and Cedar City. Officers of the bank are as much in the dark as anyone else as to the reason for the sudden decision to close the bank. Yesterday it was the general opinion that the difficulty would be overcome. Information from inside sources and assurance of the hoard of directors direct-ors is to the effect that there is no cause for alarm amons the depositors deposit-ors of the bank. There is ample security se-curity to pay 100 cents on the dollar though this of course will take time. An official of the state lianking department de-partment will arrive here today or tomorrow to take charge, and until j he comes no further information is , available. I From Washington County News: |