Article Text
BANK RECEIVER NAMED Ora Davies, of Kokomo, former state treasurer, has been appointed receiver for the First National bank at Noblesville, which recently closed its doors.
First National Bank (Noblesville, IN)
Episode Information
- Episode UID
488201517- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
48820national - Charter Number
- 4882
- Start Date
- May 24, 1926
- Location
- Noblesville, Indiana (40.046, -86.009)
Metadata
- Model
- gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
746bf9ce45e12789
Response Measures
None
Receivership Details
- Depositor recovery rate
- 98.2%
- Date receivership started
- 1926-06-03
- Date receivership terminated
- 1932-08-10
- OCC cause of failure
- Governance
- Share of assets assessed as good
- 66.0%
- Share of assets assessed as doubtful
- 27.5%
- Share of assets assessed as worthless
- 6.5%
Description
The bank closed due to unpaid checks from the Steinbrenner Rubber Company; no run is mentioned prior to the suspension.
Events (5)
1.
March 13, 1893
Chartered
- Source
- historical_nic
2.
May 24, 1926
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Checks drawn by the Steinbrenner Rubber Company had been honored but came back from a Chicago bank unpaid.
- Newspaper Excerpt
- First National Bank, of Noblesville, which closed doors May 24, 1926.
- Source
- newspapers
3.
June 3, 1926
Receivership
- Source
- historical_nic
4.
June 3, 1926
Receivership
- Newspaper Excerpt
- Ora Davies, of Kokomo, former state treasurer, has been appointed receiver for the First National bank at Noblesville, which recently closed its doors.
- Source
- newspapers
5.
May 2, 1935
Other
- Newspaper Excerpt
- Robert G. Hartman, receiver for the First National Bank here, has completed liquidation of the institution
- Source
- newspapers
Newspaper Articles (14)
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COMMISSIONERS IN SESSION TUESDAY Getting Ready To Barrow Money To Meet Current Expenses The County Commissioners held a special session Tuesday for the purpose of considering the matter of borrowing some money to meet the running expenses of the county and also to advertise for some gravel to be used on the roads. It was thought that about $32,000 would be necessary to meet the regular county obligations until the latter part of August or the fore part of September. The local banks will be given first chance to make this loan and in the event none of them wants to handle it the money will have to be borrowed elsewhere. The occasion for making this loan was because the county had $72,000 on deposit in the First National Bank when it closed its doors two weeks ago. If this money had not been tied up things would have run along smoothly the same as usual, the Board says. The County Council will be called into session probably next week for the purpose of approving this loan. The Board decided to advertise for gravel, the contract to be awarded the fore part of July The contract will follow the plan used by the State Highway Commission, the amount being from one yard to 10,000 yards. The chief object of this plan is to allow the board to take as much as it likes as long as the quality is satisfactory.
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NAMED BY ASSOCIATION Ora Davies, Kokomo, Secretary of Manufacturers' Organization. Ora J. Davies, Kokomo, manager of the primary campaign of Senator Arthur R. Robinson, was. formally selected secretary of the Indiana Manufacturers' Association today. Davies is. a former State treasurer and has been mentioned as a candidate for Governor in 1928. Since June 1, Davies has been receiver for the First National Bank of Noblesville. He will maintain headquarters or the association at Kokomo.
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NAMED BY ASSOCIATION Ora Davies, Kokomo, Secretary of Manufacturers' Organization. Ora Davies, Kokomo, manager the campaign of Senator Arthur Robinson, formally selected secretary of the Indiana Manufacturers' Association today. former State treasurer has been mentioned as a didate for Governor in 1928 Since June Davies been receiver First National Bank of Noblesville. He will maintain headquarters or the association Kokomo.
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Echo of Failure of First National Bank In This City An echo of the failure of the First National Bank in this city last May the lowing dispatch sent out from Huntington, Ind., under the date November Frank Hawley and Edith Hawley, heirs of Hawley, and of his estate, Saturday filed suit the circuit court asking judgment of $50,000 and the appointment of receiver Huntington County State Bank, which suspended business last May, when the other three banks of the city arranged to take its assets and pay The allege that Hawley supplied the bank $45,000 its specific request last January when made Hawley, and Boos to take over "frozen assets," of checks drawn against the bank by Steinbrenner, The pool enabled the bank to continue business for eral months, but suspended ation when a run started and the other banks came to the rescue.
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BANK PAYING 50 CENTS. THE ENQUIRER Noblesville, Ind., March First National Bank, this city, which has been the hands ceiver last May began today the the dollar depositors. will require approximately distribution.
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Receiver Gave His Testimony Monday The federal grand jury, which began its week sessions Monday, Indianapolis, was be investigating the affairs the First National Bank, of Noblesville, which closed doors May 24, 1926. Ora Davies, for the bank, and former state treasurer, awaiting called before the grand The bank, at the time its doors closed, announced that in checks drawn by the Steinbrenner Rubber Company, formthe Burdick Tire Rubber Company, had been honored but that they had come back from Chicago bank unpaid. Davies named receiver November, 1926, and March, 1927, made payment per depositors and July an additional 15 cent. understood the postoffice department presenting the the grand and number postal inspectors awaiting
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SECOND DIVIDEND BY BANK RECEIVER NOBLESVILLE, Ind., Nov. Ora Davies, of Kokomo, receiver for the First National bank of this city, and also receiver for the accounts of the defunct First National bank at Sheridan, has announced that second dividend of twenty-five per cent will be paid in few days to the Farmers and Merchants National Bank of Sheridan. A stock as sessment of one hundred per cent was levied some time ago nd one dividend of twenty- five per cent has already been paid. It is said that half of the 112 stockholders have paid their assessments in full.
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New Receiver For Noblesville Bank Noblesville, Ind., Jan Harry Hall, the office of the Controller of the Currency in Wash ington, arrived act as receivof the defunct First National banks of this city and Sheridan. He succeeds Ora Davies, of Kokomo. former State treasurer. who resign after indictment recently the Howard county grand jury following failure American Kokomo. charge until permanent receivappointed.
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NOBLESVILLE BANK RECEIVER ON HAND Noblesville, Ind., Jan. 20.-(P) R. G. Hartman, of Columbus, O., has arrived here to be receiver for the First National banks of Noblesville and Sheridan, which were closed few weeks ago. Hartman succeeds Ora Davies. former State Treasurer, who recently resigned following his indictment by the Howard county grand jury in connection with the failure of the American Trust Company, of Kokomo.
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Receiver Hartman to Give up Bank Quarters Receiver Hartman is making preparations vacate room where the First National Bank located and will give possession any time the American National Bank wishes to begin the work of repairing, renovating changing accordance whatever plans the bank may decide. Hartman thinks, at this time, he will occupy room the of of the law firm Neal Neal, on the east side the square. Under the contract with American National Bank the receiver of First National agreed give immediate requested.
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Alford and Mrs. Vernon Dora Landes Given Divorces CURRENT REPORTS IN MANY ESTATES National Bank First Sells Forty ceiver Acre Farm circuit court, Wednesday In the morning, Judge Hines granted Alta VerAlford divorce from Alford on of desertion. separated for They have been said the wife more year resides at Louisville, Ky. Dora Landes given Mrs. from David decree separation Landes. The parties reside Jackand this was the second marriage for each. came over from Judge Morrow Anderson, Wednesday, and is preof the case of in the trial siding against Weisenberg, the venued here from Marion county carried over from and having been last The state seeking July. be reimbursed for the value of mattresses which the number defendant cleaned sent to the Clermont Home girls. It the state that the goods claimed the Indiana by Board of Health as being unfit for Guy Booth, administrator of the Whisler, has filed estate of Levi petition the court asking the privilege selling at private which sale bonds and stock $2,850 in consist of bonds and Government Joint also stock Land Bank. Thomas Huffman, administraFlorence Wilof the estate of the sale of the liams, has reported to the estate of land belonging Charles the considera$6,300. The court tion being proved The Noblesville Trust Company has filed current report with the of Ellen Rollings. court guardian There charges to the amount of and credits leaving balance The administrator has filed his in the Cyrus Jeffries final report estate and the same been set for hearing on October The Trust Company has made its final report as guardian of Robert Wicker. $724.58 There in the sum of charges credits the amount leaving balance $342.05, $382.53. The court has aproved the sale Robert Hartman, receiver of the First National Bank this city, of forty acres of land, northof Cicero, to Lloyd Fuller and wife, the being $3,000. This one of the farms which the bank controlled when it closed over two years ago.
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NAMED BANK RECEIVER Robert Hartman, Noblesville, to Take Over Institution. Ind., September 23. Robert Hartman has received notice from of his as receiver for the First National days ago. This is the fifth bank in central Indiana for which Hartman is now acting as receiver, the others being the First National Bank. of Noblesville: the First National Bank. Arcadia the First National Bank, Sheridan, and the First National Bank, of Farmland.
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Liquidation Completed By Times Special NOBLESVILLE, May 2.-Robert G. Hartman, receiver for the First National Bank here, has completed liquidation of the institution and submitted his resignation to the Treasury Department. Mr. Hartman took over affairs of the bank in 1928 and through a series of payments finally refunded to depositors 98.2 cents on the dollar.