The Archive · 1930

More Bank Failures New York, Dee. 15

'A further evop of bank failures and suicides is reported.

The State Bank of Binghampton, New York, which has deposits total ing $1,200,000, has closed following: the discovery of a shortage of between six and seven hundred thou-and dollars. The police ure search ting for the bank's president.

The president of the Bank of Alabama at Ensley, Alabama, hay of the State Bank of Brashear, which closed three weeks ago, attempted to commit suicide to-

'The Farmers & Traders' Bank, Weaverville, North Carolina, with deposits amounting to $163,000, has closed.

Dee. 16. fu cen more banks in varies patts of the county closed to-day, eight of them being in North Tu the town of Feenklin and i here is now p ancial institution open.

Dee, 17.

Ton banks were shut down to-day: in Arkansas alone, eight of which, being State banks, have been place under the charge of the State Bank Commissioner; the other two, Leing national. banks, being turned over to the United St ales Comptroller.

Three more banks in North Carolina, two in Alai ant one in Mississippi have closed.

Dee. 18.

Although the storm of bank fuit~ ures ating somewhat three more banks have closed, those being at Little Rock, Arkansas, 'Ten banks in this State closed down' yesterday.

Dee. 1

'The number of banks which have suspended payment, has been increased by the closing down to: of farther provincial establishments, including three banks tu Tndians two in. North Carolina, one in New York State and one in Virgin' Rater

Text read from the printed page and cleaned; old type leaves the occasional error.

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