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WILKINSBURG'S REORGANIZED BANK REOPENS Throngs Visit First National; Patrons List Rises. $2,000,000 IS RELEASED Plans Progress for Reopening of Sharpsburg Depository. Throngs of depositors and others jammed the flower-banked lobby of Wilkinsburg's new bank, successor to the First National of Wilkinsburg, when it opened for business yesterday, making more than $2,000,000 in deposits available to approximately 12,000 depositors. "The opening celebration was very gratifying in every respect and very little cash was withdrawn, while many were re-depositing," L. E. Husemen, vice president and cashier, said last night. "Floral tributes from other banks and organizations, lending a festive spirit to the occasion, were greatly appreciated." George P. Craig, attorney for the bank, explained that each of the depositors would be notified by mail when to appear to receive a 50 per cent payment. Sharpsburg Plan Progresses. Consent of about 60 per cent of depositors has been obtained for reorganization of the Farmers & Mechanics Bank of Sharpsburg, according to R. A. Burkhart, cashier. The plan calls for chartering a new bank to be known as the Farmers & Merchants Bank of Sharpsburg, with a total capitalization of $155,000. Slightly more than 55 per cent of all deposits would be released immediately upon opening of the new bank, and the other 45 per cent would be secured by assets of the old bank. Deposits less than $25 would be released in full. James C. Chaplin, president of the Colonial Trust Company, who has been appointed to the Federal Appraisal Board, is to recommend to the Reconstruction Finance Corporation what loans shall be advanced by the RFC to help closed state banks closed since the first of the year in this district.