Henderson National Bank (Henderson, KY)

View Charter #1615 on SPMC View balance sheet

Episode Information

Episode UID
161501585
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
16150 national
Charter Number
1615
Start Date
January 14, 1932
Location
Henderson, Kentucky (37.836, -87.590)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
41983806883db767

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-06-11
Date receivership terminated
1939-07-20
Share of assets assessed as good
48.8%
Share of assets assessed as doubtful
46.0%
Share of assets assessed as worthless
5.2%

Description

Bank closed January 14, 1932; receiver appointed (government records show 1932-06-11).

Events (4)
1. December 9, 1865 Chartered
Source
historical_nic
2. January 14, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended operations due to insolvency/financial failure (assets/liabilities show large deficiency).
Newspaper Excerpt
which closed last Jan. 14
Source
newspapers
3. June 11, 1932 Receivership
Source
historical_nic
4. June 11, 1932 Receivership
Newspaper Excerpt
William Martin Morgan ... has been named receiver of the Henderson National bank which closed last Jan. 14, was announced yesterday
Source
newspapers

Newspaper Articles (12)
1. June 14, 1932 Henderson Morning Gleaner Henderson, KY

Article Text

NATIONAL BANK RECEIVER NAMED W. M. Morgan Takes Over Affairs of Closed Institution Here. William Martin Morgan, former Uniontown, Ky., man, has been named receiver of the Henderson National bank which closed last Jan. 14, was announced yesterday He succeeds Pope Walker, of St. Louis, deputy national bank examiner, in charge since the institution closed. This appoint of Mr. Morgan will not affect plans for reorganizing the bank, it was said today, as it was necessary for a receiver to be named to make a formal transfer when the reorganization is perfect After leaving Union county some years ago to live in the state's metropolis Mr. Morgan has had a long experience as national bank examiner and other phases of banking Recently he has been engaged as receiver of a bank in Indiana.

2. November 29, 1932 Henderson Morning Gleaner Henderson, KY

Article Text

BANK EXAMINER DUE HERE TODAY 17 Shares Remain to Be Sold Before New Institution Is Assured. Organization of the First Nation al Bank & Trust company to over the affairs of the closed derson National bank awaited night only subscriptions to shares. it was announced following meeting of stockholders at the Twenty shares were lack. ing yesterday. but after the tion had been explained to some 100 shareholders present the meeting by leaders of movement 11 individual tions were obtained for one each, leaving 17 to be sold A bank examiner from the oral reserve office at St. Louis expected to arrive in the city day to prepare the agreement and check the assets the old bank and is hoped procure the remaining tions before be starts his work looks like some of those have subscribed must take cal attorney who has been in the reorgamization effort, "Either that or some of the men who will benefit opening of the new bank have not taken have to help On this last depends the success of the taking

3. November 30, 1932 The Owensboro Messenger Owensboro, KY

Article Text

Reorganization of Bank Is Nearing Completion Henderson, Ky., Nov. ganization of the First National Bank & Trust company to take over the affairs of the closed Henderson National awaited last night only subscriptions to 17 shares, announced following meeting of stockholders at the home shares were lacking yesterday, but after the situation had been explained to the some 100 present the meeting by leaders of the movement, 11 individual subscripticns were obtained for one share each, 17 to be sold. bank from the federal office at St. Louis is expected to arrive in the city this week to prepare the organization agreement and check assets of the old bank, and hoped to procure the remaining subscriptions before he starts his work.

4. January 14, 1933 Henderson Morning Gleaner Henderson, KY

Article Text

REPORT MADE BY BANK RECEIVER Morgan's Statement Shows $218,932.96 In Cash On Hand. The Henderson National bank has on hand $218,932.96 according to statement by Wm. M. Morgan receiver. The statement, as of December 31st., 1932 shows total assets of The assets at date of suspension $1,533,501.56: additional as acquired since suspension, Liabilities in the statement listed as follows: secured liabilities at date of suspension, $289,287.27: insecured liabilities, $980,293.52; additional liabilities total liabilities $1,275,375.54 Under collection and disburse ment the statement shows total collections to be accounted for,

5. February 9, 1933 The Owensboro Messenger Owensboro, KY

Article Text

HENDERSON BANK Seeks To Recover $2,432 Claimed Employe Withdrew Day It Closed. Four suits were filed in United States district court in Owensboro Wednesday afternoon by William M. Morgan, receiver of the Henderson bank, of Henderson, against Henderson. In three of the suits, the receiver seeks to recover amounts claimed due on notes, and in the fourth, to recover an amount which it is claimed an employe of the institution withdrew from his the day the bank closed. A. D. Kirk, Owensboro, attorney for the receiver, prepared the petitions. In the suit against Adolphus McCall, who the petition asserts was an employe of the bank, recovery of $2,432.01 which it is alleged McCall withdrew from his four accounts on January 14, 1932, is asked. The suit charges that knowing "that immediate suspension of the bank was contemplated by its officers" the institution allowed McCall to withdraw the amount "with the intent and purpose to give preference to McCall," while "well knowing all depositors could not be paid in full." Priest, principal, and S. Priest and John W. Finn, as sureties, were sued for $2,650 claimed due on note dated October 28, 1931. Q. Evans was made defendant in suit for $4,634.60 claime be due on note. Ed. K. Held and Georgia Held were sued for claimed to be due on a note.

6. February 9, 1933 Evansville Courier and Press Evansville, IN

Article Text

BANK RECEIVER SUES EMPLOYE Ky M Morgan for the Henderson National bank filed United today McCall for recovery of The petition alleges that McCall of the and to withdraw that sum from the bank on January when the officers knew suspension the was They the for the of of preference to purpose giving Call

7. January 23, 1934 Henderson Morning Gleaner Henderson, KY

Article Text

Militarist Chieftain Quits Japanese Post Statement Lists Collections of Bank's Receiver A statement of the condition of the defunet Henderson National bank, prepared by the receiver, lections from assets and stock as sessments of The book value of the bank's assets at its date of suspension is listed as $1, Total assets accounted for are given as $1,861,147 43. and total lia bilities accounted for are listed as $1,277,266.29 Collections to be accounted for total $848,377.5 Disbursements include dividend payment of $435,503.9 to deposit tors The cash in the hand of the re ceiver and comptroller is $113,944 10 The cost of liquidation thus far is 3.3 per cent

8. June 27, 1934 The State Journal Frankfort, KY

Article Text

NAME BANK RECEIVER HENDERSON, Ky. June 26 (By D. Eblen today was appointed received of the Henderson National Bank, succeeding W M. Morgan, who has resigned to resume nis former work as a national bank examiner. Eblen is a former mayor of Henderson.

9. June 27, 1934 Messenger-Inquirer Owensboro, KY

Article Text

Marvin D. Eblen Becomes Henderson Bank Receiver June Marvin Eblen Tuesday appointed receiver of the National bank. W. M. Morgan of who has resigned to resume former work national bank Eblen former mayor of Henderson.

10. June 27, 1934 Henderson Morning Gleaner Henderson, KY

Article Text

EBLEN IS NAMED BANK RECEIVER To Succeed W. M. Morgan, Resigned. In Liquidating National Bank. Marvin D. Eblen. local attorney and former mayor of Henderson, yesterday received appoinment from the controller of currency Washington, as receiver of the Henderson National bank, succeed ing William M. Morgan, who has resigned to resume his former work as a national bank examiner Mr. Ebleg's appointment came Tuesday in a telegram from Wash ington, a short time after It became known that Mr. Morgan had tender ed his resignation to become of fective July Mr. Morgan came to Henderson two years ago to begin the work of receiver of the local bank Since assuming direction of the receiver ship and control of the plan for working out the bank's assets for the benefit of the community Mr Morgan has paid out 50 per cent of the deposits at the time the bank closed, and now is completing plans

11. June 28, 1934 The Owensboro Messenger Owensboro, KY

Article Text

Marvin D. Eblen Becomes Henderson Bank Receiver Henderson, Ky., June 27. (AP)Marvin D. Eblen Tuesday was appointed receiver of the Henderson National bank, W. M. Morgan of Louisville, who has resigned to resume his former work as national bank examiner. Eblen is a former mayor of Henderson.

12. October 21, 1934 Evansville Courier and Press Evansville, IN

Article Text

Bank Receiver Has Hard Time Giving Money Away Henderson, Ky., Oct. 20.—(Spl.) MARVIN D. EBLEN, receiver for the defunct Henderson National bank, has money he is trying to give away, and it isn't going as fast as he would like. Back in August a 10 per cent dividend was ordered paid depositors on the remainder of their bank balances not paid over to them when the First National bank assumed 50 per cent of its predecessor's obligations, and to date only half the checks have been called for. The money cannot be mailed, since depositors must leave their receiver's certificates as receipts when the checks are delivered, and with so little demand for the cash, Eblen is wondering if prosperity has returned.