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BANK CLOSED FOR WEEK United The Bank of Hollywood which handles accounts of scores of film stars. was ordered closed today by Will Wood. state of banks The bank was ordered closed for period of seven days during which will be given an opportunity to work out its financial problems, G. R. Dexter. Dexter declared the "timidity of depositors in these times startslight run on the bank."
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HOLLYWOOD BANK CLOSES Hollywood. Cal. Dec. 8 (UP) The Bank of Hollywood. which handles the account. of many film stars was ordered closed today by the state banking commissioner. An angry crowd gathered in front of the bank. situated at Hollywood and Vine streets, in the heart of Hollywood, as the closing notice was posted. It was learned that a run started on the bank several days ago and a number of prominent film figures withdrew accounts Saturday.
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BANK CLOSES Institution Handling Film Stars Accounts Ordered to Shut Doors. The Bank of Hollywood, which the of scores film stars, was ordered closed Monday Will C. Wood, state banking angry crowd gathered in bank, situated and Vine streets, the heart of as the notice of the closing was was run started on the several number of prominent film figures withdrew accounts Saturday.
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BANK CLOSES Hollywood, Cal., Dec. Bank of Hollywood, which handles the accounts of many film stars, ordered closed today by the State Banking learned that run started the bank several days number of prominent figures withdrew accounts Saturday.
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BANK OF HOLLYWOOD GETS CLOSING ORDER HOLLYWOOD, Cal., Dec. (U Bank of Hollywood, which handles the accounts of many film stars, was ordered closed to-day by the State Banking Commissioner. angry crowd gathered in front of the bank, situated at Holywood and Vine streets, in the heart Hollywood, as the closing notice was posted. was learned that run started on the bank several days and number of film figures withdrew accounts Saturday.
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Depositors Start Run on Hollywood Bank; Doors Close Dec. The Bank of Hollywood which handles the accounts of scores of film stars was ordered closed today by Will Wood, state superintendent of banks. The bank was ordered closed for period of seven days during which it will be given the opportunity to work out its financing problem. R. Dexter declared the "timidity of depositors in these stressing times started slight run on the bank."
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Run Forces Bank To Dec. described liquidstreets. closing the he said Los Anfundastatement Bank of drawn today. week, Bank less the total banks. to meet before in their history. The Hollywand conditions do not connected with the bank. Bank of Hollywood affiliated with any other bank." Wood said financial statement of the bank would be later. Dexter, president, declared the "timidity of depositors these stressing times started because that Dexworse
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BANK CLOSES Institution Handling Film Stars Accounts Ordered to Shut Doors. The Bank of Hollywood, which handles accounts of scores of film stars, was ordered closed Monday Wood, state banking commissioner. angry crowd gathered in front of bank, situated Hollywood and streets, in the heart of Hollywood, the notice the closing was posted. that run started the several ago. number of prominent film figures withdrew accounts Saturday.
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trine Dr. said, allegiance plans, BANK our party loyalties, they betrayed by platform builders political leaders, who, for example, would rather be wet president CLOSES WHEN RUN "We meet to repeat what all informed and thoughtful men know. not not be and that nullified." AFFECTS SECURITY dry would at tempt militant produring their meetings of gram next three was given out Angry Depositors Swarm Near lowing five-hour of the Building After State Takes cil late that subject of Action national prohibition would be brought up for open disDec. Dr. Landrith said "there was Ban kof Hollywood closed its in such proposi- doors to-day tion" spoken the the demeeting. Similiarly an mands of run of several days' unanimous vote recordagainst meeting Saturday The closing was described the committee of the Will National Association Organiza- banking tions Supporting the bank will closed for liquidawhich Wed- tion unless an acceptablep for Amendment, forthcoming in the next Wood's order of closing affected bank Widow Cleared Vine Streets, the heart of Hollywood, the single Streets. Many the motion picture In L. A. Garret at the its branch. An crowd gathered bank, situated HolLove Murder and Vine Streets in lywood of the notice closing statement, signed by Wood. Charges Against Mrs. Oestersection 136 reich In Eight-Year-Old the bank the state California have taken Case Dismissed the property of the learned that started LOS the several days Murder charges against Mrs. humber of prominent figures ing her husband, Fred. years The was closed for during action was will the district office. which admitted Dexter, had any dence the Dexter declared the "timidity of depositors in times able agree started slight run on the bank the contended all presented that shortly bank after he returned from party not the his ing house appearance of Otto Sanhuas preferred Mrs the bank who lived in have had under period was have led which matters out during ended in death. course Dexter tried for found bank conferred limitation he and forced any that should
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BANK CLOSED HOLLYWOOD, Cal., Dec. UP -The Bank of Hollywood, which handles the accounts of scores of film stars, was ordered closed today by Will C. Wood, state banking commissioner. An angry crowd gathered in front of the bank, situated at Hollywood and Vine streets, in the heart of Hollywood, as the notice of the closing was posted. It was learned that a run started on the bank several days ago, A number of prominent film figures withdrew accounts Saturday.
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BANK OF HOLLYWOOD IS ORDERED CLOSED Cal., Dec. Bank of Hollywood, which handles the accounts of scores of film stars, ordered closed Monday by Will Wood, state banking commissioner. An angry crowd gathered in front the bank, situated at and Vine streets, in the heart of Hollywood, as the notice of the closing learned that run started the bank several days ago. number of prominent film figures withdrew accounts Saturday.
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PICTURE ACTORS Bank of Hollywood Closed Up by the State Banking Department-Angry Crowd Gathers HOLLYWOOD, December (LP)-The Bank of Hollywood, where many movie actors keep their accounts, was closed this morning by the state banking department. An angry crowd gathered about the building. recent run started against the bank caused it to close for seven days give it an opportunity to solve its financial problem.
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BANK OF HOLLYWOOD ORDERED CLOSED Hollywood, Calif., Dec. Bank of Hollywood, which handles the accounts of scores of film stars, was ordered closed today by Will C. Wood, state banking commissioner. An angry crowd gathered in front of the bank in the heart of Hollywood, as the notice of the closing was posted. It was learned that run started on the bank several days ago. A number of prominent film figures withdrew accounts Saturday.
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Bank of Hollywood Is Ordered Closed The Bank of which handles the accounts of scores of film stars, was ordered closed today by Will C. Wood, state banking An angry crowd gathered in front of the bank, situated at Hollywood and Vine streets, in the heart of Hollywood, as the notice of ing was posted. It was learned that run started on the bank several days number prominent film figures withdrew accounts Saturday.
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Bank of Hollywood Closes After Run by Film Stars CALIF Dec. Bank of Hollywood, which handles accounts of scores of film stars, ordered closed today by Will Wood, state banking commissioner. An angry crowd gathered in front of bank in the heart of Hollywood, as notice of the closing posted. It learned that started on the bank several days number of prominent film figures withdrew accounts Saturday.
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HOLLYWOOD BANK OFFICIALS HOPE as TO REOPEN SOON HOLLYWOOD, Calif., Dec. 9. (U.P.) Officials of the Bank of Hollywood were working today to liquidate assets of the bank sufficiently w permit it to reopen next week au the end of a seven day period of suspension imposed by Will C. Wood, state superintendent of banks. Wood described the closing as temporary in the event that an acceptable plan of reorganization is announced. If such a plan cannot be found, he said, and liquidation becomes necessary, there will be little if any loss to depositors and stockholders. A "whispering campaign" against the bank resulted in heavy withdrawals last Friday and Saturday. G. R. Dexter, president, declared. All checks presented. he added, were honored, but the bank was closed yesterday morning upon Wood's order because it was impossible to liquidate the assets rapidly enough to meet the withdrawals. The Bank of Hollywood, one of the smaller institutions of the city, represents in assets less than onefourth of one per cent of the total assets of Los Angeles banks, Wood said. He added that the bank had resources of $4,023,020 and deposits of $3,523,000. He did not question the integrity of anyone connected with the institution.
Receiver Talks Bank At Merchantors Meet M. deputy state superbanks receiver for intendent closed Bank of the bright picture of future painted the first meetpossibilities here 1931 the Merchantors Buing in the Hollywood Chamber of will be long until resinot here have forgotten that dents there ever bank failure," he "because such small the wealth of up in the Bank of Hollywood. Many depositors have assigned their claims He could date on which pay give will Harrison Crawford introduced the speaker. Scottish after reading passage Scripture, said, brethren, this difficult passage understand. differ to exact meaning Therefore, you, my friends, us look difficulty boldly pass on to the next
Hollywood Bank Receiver Gives Total of Claims SAN FRANCISCO. May 11. (AP)The Bank of Hollywood, closed December had claims of $1,149,869 in the commercial department and $646,852 in the savings department against State Banks Rainey said today The period for presentation of claims April 30. Claims filed and by the date department and savings Claims which receiver had not acted commercial and $1601 savings. Bondholder claims placed deferred classification taled $14,310 commercial and savings. All claims against the savings department allowed. in commercial branch totaling rejected. as well as claim for rentals.
Bank Receiver Suing Wallace Reid Widow Charged with failing to repay a $165 loan borrowed from the Bank of Hollywood on September 9, 1930, Mrs. Wallace Reid, widow of the screen star, today was named defendant in suit on file in Municipal Judge Hugh J. Crawford's court. Edward S. Rainey, state superintendent banks who is in charge of liquidating the affairs of the defunct institution. filed the suit in which he seeks return of the principal and $8.72 interest Norton Parker also is named defendant in the court action.