Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements.

Statement :

Some Banks are Private

Some Private are not Public

Some Private are Closed

Conclusions:

1) Some Banks are not Public

2) Some Banks are Closed

Neither conclusion 1 nor 2 follows