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,-479â€”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.