Show peterson bank assets sold to Commet commercial cial bank the sale of the assets and build ing of the james 11 peterson bank to the richfield commercial and savings bank for 30 per der cent of the liability was ap proved approved by judge nephi J bates in district court here wednesday previously the sale had been approved by the maj majority brity depositors with the understanding that ten per cent of the amount will be paid in cash ten per cent in one year and the final ten per cent in two years the deferred payments of 20 per cent will be applied to savings accounts in the richfield commercial bank and will draw the regular rate of interest until paid |