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Settlement Ends Woodmen Deposit Preference Suit
The Modern Woodmen of America dropped its bid to treat a $350,000 deposit in Chariton First National Bank as a preferred claim. Depositors will share assets pro rata, with an initial dividend of about 25 percent and a possible further 15 percent later, totaling around 40 percent. Receiver Jamison plans to pay the first dividend this month from roughly $250,000 on hand, with additional funds anticipated from other assets.
MENTIONED IN THIS ARTICLE
Woodmen of America
First National Bank of Chariton
Jamison
McPi
McNider
First National Bank