| Show LOCAL BANK QUITS PS BUSINESS GOES 40 MOAB BANK alteio it lias 1118 been an open secret that the state hank ii juan wis WAS pre preparing paring to suspend operations operia op erit ons it I 1 was with some surprise that depositors po round found tile doors closed on pre previous fous notice by mail or tile regular ch ot of publicity the reason given by y A J cashier for their voluntary liquida tion Is that general economic conditions make it inadvisable to continue the business in sun san juan county altho tills this action leabes the county isit without hout the convenience of banking r facilities a xit within litia its borders depositors are assured that their interests are in splendid hands as the officers ive inae for transferring rang all deposit accounts to the first national bank ot of sitab tu sether with cash find ind other resources to ti balance them P lr ariner iner patrons may make their deposits and check on their nc counts at the siona bank using their old forms as heretofore without interruption of service or further inconvenient e the moab bank Is now carrying oderal deposit insurance and nil ac friits winder ader will be fully covered the balance of the assets will be liquidated ns as soon as possible and distribution maile to the he retirement of the interests ests from rom the banking field which they have dominated for many years leaves 0 vacancy in the economic life of san juan aich it ft Is hoped hlll 1 I ill be filled again by some one responding to the altruistic spirit of corn com nitin ity interest |
