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POLO BANK SUSPENDS. JEFFERSON CITY, Feb. The Polo Trust Company of Polo closed today by its board of directors turned over to the state No reat son for the closing was given. Messenbaugh, state bank examiner, placed in charge The trust company had loans of $154 323; deposits. $127,819: total resources, $216,482 and bills payable. $17,500. Bathgate president and H. C. Zimmerman, secre-
A BANK QUITS BUSINESS Polo Trust Company Goes Into Voluntary Liquidation Owing to Small Volume of Business The Polo Trust Company at Polo not open for business Monday morning. There was no run on the bank business was going along in normal fashion, but the directors cided close and liquidate the bank's affairs. The officers of the bank say depositors will be paid in full. The volume of business such that there was little inducement for the bank to continue its business and it was thought best to quit. Bathgate is president and H. Zimmerman secretary the Polo Trust Company, positions they have filled for many years. The bank, at its last official statement made January 1932, had tal resources with posits of The capital and surplus of the bank was
Checks Amounting Approximately $5,000 Represent Third 7% Payment Withers, of Polo, receiver for the defunct Farmers Bank mailing checks today which third 7% dividend paid by that stitution since closed. This ment amounts to approximately $5,000. The checks being sent today bring the total of funds paid to the to $115,and about $7,000 in preferred claims were paid before the dends were ordered. In all, the bank has paid in the neighborhood of $23,000 since closed. Mr. Withers also receiver for the closed Polo Trust Company, paid 10% dividend to positors of that institution, Friday. amounted to more than $12,000, and the third payment to made from that bank. It has paid approximately $36,000. NEW COMMITTEEMAN Amick, of been appointed member the county relief and reemployment committee. He met with the Monday. John Miller, who has been member the committee since organized, has tendered his resignation.