1936-01-19-sr-p26-farmer-state-bank-shareholders-get-178-percent

January 19, 1936 Spokesman-Review Page 26:

REARDAN STOCKHOLDERS GET 178 PER CENT

Stockholders of the Farmers State bank at Reardan have realized 178 per cent from the liquidation of its capital assets, according to a report from Liquidator Frank Rowland, following a dividend several days ago of 42 per cent.

The Old National corporation organized the First National bank of Reardan in 1930, which took over the deposits of the Farmers State and the Reardan National bank, the remaining assets being liquidated for the benefit Stockholders.