People''s Bank, Closed Since June 8, Seeking Money to Reopen, Sept. 6, 1923

People’s National Bank Is to be Reorganized

Salisbury, Sept. 5—Stockholders of the People’s National Bank, which has been closed since June 8, have decided definitely to reorganize and open up for business. Over $70,000 of the $100,000 required as an initial step towards reopening have been secured and a committee was out today raising the remainder of the needed capital. The comptroller of the currency has notified the stockholders of the old bank to come across with an amount equal to 100 per cent of their stock, and to do so in 30 days.

From the front page of The Concord Daily Tribune, September 6, 1923