Word: umatilla
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...banks, latest to fail, was intimate. They belonged to a chain of 120 banks, financed and supported by the Bankers' Trust Co. of Atlanta, Ga. (W. D. Manley, president; Paul J. Baker, treasurer). Part of its policy was to insure the deposits of allied institutions. Therefore when the Umatilla (Fla.) Bank discovered that some of its $441,500 deposits in the Bankers' Trust Co. were going to cover the closures of the Bank of Dania (TIME, July 12) and of others in similar predicament, the Umatilla officials applied for, and obtained, a receivership against the Bankers' Trust...