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BANK RECEIVER LOCATED HERE QUITTING POST
F. Wm. Lensing, National Bank Receiver, in charge of the Citizens National Bank, Warren, Wilcox National Bank, Wilcox, First National Bank of Brockway, and the First National Bank of Youngsville, who has been in charge of these banks since the inception of the several receiverships, has resigned as Receiver.
At June 30, 1934, the Statement of Condition of the Warren receivership indicates that dividends aggregating 59 per cent or $511,250.22 was paid to depositors and cash in the amount of $48,019.51 is available for future dividends. The remaining uncollected assets aggregate a total of $607,376.27.
At June 30, 1934, the Statement of Condition of the Wilcox receivership indicates that dividends aggregating 83 per cent or $193,331.46 was paid to depositors and cash in the amount of $12,963.37 is available for future dividends. The remaining uncollected assets aggregate a total of $29,043.47.
Lensing was appointed Receiver of the Brockway and Youngsville receiverships for the purpose of collecting stock assessments.
Since coming to Warren Mr. Lensing and his family have made a host of friends who join in the general expression of regret that is heard over the announcement. Mr. Lensing has made an enviable record in the handling of the affairs of the banks, his achievements being a credit to himself and those who were responsible for his coming to Warren.