Menu JTA Search

Central Savings Bank Notes 1934 Progress

The Central Savings Bank made rapid progress during 1934, August Zinsser, president of the bank, announced Friday. The number of depositors increased 12,825 during the year, reaching a total of 211,-479—the highest figure in the bank’s seventy-six years’ history. Deposits increased $3,373,135, bringing the total to $187,444,823.

The number of new accounts opened during the past twelve months, he pointed out, increased thirty-eight per cent, while the number of accounts closed decreased three per cent, over 1933. The Central Savings Bank distributed $5,121,853.49 in quarterly dividends to its depositors last year.