June 12, 1930
The Bristol Free Press
Bristol State Bank Goes Out of Business
The Bristol State Bank has ceased to be any longer, having closed its doors for business last Thursday morning after having been in existence since about 1907. Lucky though for the depositors, it did not close as many does, having to wait for years to get their money and in most cases never. The directors decided some weeks ago on account of the poor business the bank was doing to liquidate at this time and go out of business. Attorney Paul Carter of Marianna has been employed to handle the affairs of the liquidation proceedings and notice was given to all depositors Thursday to be on hand at three o’clock Friday afternoon and their money would be paid them in full and at this hour the disbursement began and has been going on ever since.
The closing of the bank will make it a hardship on the people of the county and especially of this community for the time being, but as soon as the flurry is over and the new changes used to, we will never know the difference. For the time being of course, it is working a great hardship.
The First National Bank of Marianna will handle the affairs of the bank during the liquidation, all depositors are being paid with drafts on that band and all mortgages, notes and etc., having been taken over by them.
There is quite a deal of talk of another bank being organized shortly and it is to be hoped that there will, and with the proper cooperation of this citizens it can be done.
contributed by Amber Lollie
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