The following text was automatically extracted from the image on this page using optical character recognition software:
BANK DEPOSITORS CLOSEUP OF SIGN The defunct Fraternal Bank and Trust company in ffowntown Fort Worth begins paying its depositors in full today and hundreds of them crowd the entrance to retrieve their money The bank, a private financial instution owned and operated by negroes, failed last March. CLOSEUP OF MAN Grand Master J.T.Maxey of the negro Masonic lodge, which owned three-fourths of the bank stock, says the lodge raised the 350 thousand dollars necessary to reinburse in full some 15 hundred non-stockholding depositors
of the bank.
More than one hundred indictments
have been returned by the grand jury against former officials and employees of the bank. The bank was founded about 45 years ago and until its failure was one of the few private banks still operating in this section.