Nation : Run on Mississippi S&L; Ends
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From Times wire services
JACKSON, Miss. — Mississippi’s largest savings and loan opened its doors today after state and federal assurances of solvency apparently quelled fears that triggered a $20-million run on deposits last week.
“Things are going extremely well,” said Unifirst President Tom Scott. “Deposits are exceeding withdrawals. It takes more time to put money in than to take it out and we can tell by the activity in the branches that they’re putting money in.” Rumors that Unifirst was insolvent triggered a run on the bank Friday.
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