Lynch National Bank (Lynch, KY)

View Charter #12649 on SPMC View balance sheet

Episode Information

Episode UID
1264901606
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
126490 national
Charter Number
12649
Start Date
October 3, 1933
Location
Lynch, Kentucky (36.966, -82.922)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d6c07d308f172b91

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-10-03
Date receivership terminated
1938-03-31
Share of assets assessed as good
48.2%
Share of assets assessed as doubtful
47.5%
Share of assets assessed as worthless
4.3%

Description

Bank placed in receivership Oct 1933; subsequent articles report receiver dividend payments in 1934.

Events (5)
1. March 2, 1925 Chartered
Source
historical_nic
2. October 3, 1933 Receivership
Source
historical_nic
3. October 3, 1933 Receivership
Newspaper Excerpt
since October 1933 when W. Hines Bowling Green was placed in of the bank as receiver by of the Currency. Comptroller
Source
newspapers
4. March 14, 1934 Other
Newspaper Excerpt
W T Hines ... National Bank in charge of the settlement of the affairs of the Lynch National Bank at Lynch Kentucky today began paying depositors ... an additional 15 per cent
Source
newspapers
5. September 4, 1934 Other
Newspaper Excerpt
The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent.
Source
newspapers

Newspaper Articles (2)
1. March 14, 1934 The Park City Daily News Bowling Green, KY

Article Text

HINES BEGINS PAYING DEPOSITORS OF LYNCH BANK TODAY, REPORT W T Hines of this city who is National Bank in charge of the settlement of the affairs of the Lynch National Bank at Lynch Kentucky today began paying depositors of the closed bank an additional 15 per cent of their deThis is the second payment depositors received payment 01 20 per cent having been Mr Hines has been in charge of the Lynch National since last October and has made much progress in settling the affairs of the institution He has had many years of banking experience in his business career

2. September 4, 1934 The Park City Daily News Bowling Green, KY

Article Text

PARLEY OF SERVICE MEN SLATED TONIGHT A meeting of owners. salesmen. service, parts men and mechanics connected with businesses which re_ Eveready anti-freeze will be held at o'clock in the Neal building evening on State street The meeting. sponsored by the National Carbon Company manufacturers of Eveready products will be in charge the Motor and Electric Supply Company of this city Sales talks and demonstrations will be given and cold refreshments served Lynch Bank Paying Off The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent. which makes total of 45 per cent paid depositors in 11 months. since October 1933 when W. Hines Bowling Green was placed in of the bank as receiver by of the Currency. Comptroller