gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4babf18f0752f3ba
Response Measures
None
Receivership Details
Depositor recovery rate
85.3%
Date receivership started
1933-09-06
Date receivership terminated
1941-07-16
Share of assets assessed as good
28.7%
Share of assets assessed as doubtful
48.8%
Share of assets assessed as worthless
22.5%
Events (5)
1.April 5, 1864Chartered
Source
historical_nic
2.March 6, 1933Suspension
Cause
Government Action
Cause Details
Institution operated on a restricted basis following the March 1933 bank holiday (federal/state banking holiday).
Newspaper Excerpt
operated on restricted basis since the bank holiday last March
Source
newspapers
3.September 6, 1933Receivership
Source
historical_nic
4.September 6, 1933Receivership
Newspaper Excerpt
Flynn of Logansport has ... receiver for the First National bank Peru, which ... The bank receivership ... restricted basis since the bank holiday last March
Source
newspapers
5.December 20, 1934Other
Newspaper Excerpt
TO PAY 25 PCT. DIVIDEND ... Granting of a $200,000 loan by the Reconstruction Finance Corporation ... will enable the defunct First National bank here to pay an additional dividend
Source
newspapers
Newspaper Articles (7)
1.September 10, 1933The Indianapolis StarIndianapolis, IN
Article Text
BANK RECEIVER NAMED.
PERU Flynn of Logansport has ceiver for the First National bank Peru, which deposits more than million The bank receivership the States of currency after being operated restricted basis since the bank holiday last March by Ed. the The bank was in 1864.
2.September 10, 1933The Star PressMuncie, IN
Article Text
FLYNN IS BANK RECEIVER
Peru, Ind., Sept. (/P)-A. P. Flynn Logansport, been named receiver for the First National Bank of Peru. The bank has deposits of more than million dollars. The institution had been operating on stricted basis.
3.May 4, 1934The Pharos-TribuneLogansport, IN
Article Text
FLYNN FILES REPORT WITH COURT
PERU, Ind., May 4-A. P. Flynn of Logansport, receiver for the defunct First National Bank of Peru, has filed in Miami circuit court report on the receivership of the Farmers' State Bank of MI. ami. A withdrawal of the Peru bank as receiver 18 included. Judge Hal C. Phelps will name another
4.December 20, 1934The TimesHammond, IN
Article Text
TO PAY 25 PCT. DIVIDEND
PERU, Ind., Dec. 20.β(I.N.S.)βGranting of a $200,000 loan by the Reconstruction Finance Corporation and a rise in prices of securities will enable the defunct First National bank here to pay an additional dividend of between 25 and 30 per cent.
Twenty-three per cent was paid to depositors last March by order of A. P. Flynn, receiver.
5.March 29, 1935The Pharos-TribuneLogansport, IN
Article Text
Peru Bank Receiver Plans Many Suits
PERU, Ind., March 29βBetween five and six hundred suits against borrowers from the defunct First National bank may be filed soon by Receiver A. P. Flynn unless the people for whom notes are held do something toward making a settlement.
The bank closed a year and a half ago and the people who may be sued have done nothing about their notes.
6.September 25, 1935The Pharos-TribuneLogansport, IN
Article Text
Donations Announced To Miami Charities
PERU, Ind., Sept. 25βA total of $74.40, old accounts and deposits that had been inactive in the First National bank, some of them for 20 years, has been donated to the Miami County Tuberculosis society by A. P. Flynn, bank receiver for their milk fund.
The Psi Iota Xi sorority, of which Mrs. J. P. Crodian is president and Mrs. C. R. Herd, treasurer, has donated $35 to the milk fund sponsored by the society. The fund up to date consists of a total of $109.40.
Mrs. Charlotte Welch, executive secretary, stated that the organization is very grateful for the contributions.
7.December 23, 1935The Pharos-TribuneLogansport, IN
Article Text
Bank Receiver Pays $77,646 Dividends
PERU, Ind. Dec. 23βA. P. Flynn, receiver for the First National Bank at Peru, has announced that Christmas cheer in the form of $77,646.47 cash distribution will be afforded 2,537 depositors of the institution the first of the week. This 10 per cent payment will increase to 65 per cent the amount that has been repaid.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.