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Co-operative Bank Administration Resigns

(Jewish Telegraphic Agency)

The resignation of the board of directors of the Jewish Cooperative Banks in the Warsaw region was accepted and a new board will be elected after a thorough reorganization of the financial agencies is effected.

Dr. Klummel, who held the position of president of the directors’ council, also withdrew following the charges of favoritism and irregularities brought against his administration at the cooperative banks’ convention held here last week.