CO-OPERATIVE BANK.
OPERATIONS SUSPENDED. By Telegraph.—Press Assn.—Copyright. London, Oct. 25. The National Co-operative Bank has suspended operations, owing to numerous notices of withdrawal of deposits following the failure of Farrow’s Bank and the present unfavorable conditions. Received Oct. 27, 1.30 p.m. London, Oct. 26. The management of the National Cooperative Bank, which is not connected with the banking department of the Cooperative Wholesale Society, announces that there is ample margin after fully paying holders’ current deposit accounts. Nearly all the bonds providing the bank’s capital are held by one wealthy man, who financially is most sound.
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Bibliographic details
Taranaki Daily News, 28 October 1921, Page 5
Word Count
96CO-OPERATIVE BANK. Taranaki Daily News, 28 October 1921, Page 5
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