Article Text
Bank Receiver Chosen WASHINGTON, Oct. 5—George G. Jones yesterday was appointed receiver for the First National Bank of Montpelier, Ind., by Comptroller of Currency O'Connor.
First National Bank (Montpelier, IN)
Episode Information
- Episode UID
527801599- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
52780national - Charter Number
- 5278
- Start Date
- March 1, 1933*
- Location
- Montpelier, Indiana (40.554, -85.277)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
5e1194becb3f1264
Response Measures
None
Receivership Details
- Depositor recovery rate
- 68.9%
- Date receivership started
- 1933-10-03
- Date receivership terminated
- 1939-07-18
- Share of assets assessed as good
- 39.9%
- Share of assets assessed as doubtful
- 55.7%
- Share of assets assessed as worthless
- 4.4%
Description
Conservator named after March 1933 banking holiday; receiver appointed Oct 1933; building sold and new bank planned in 1935.
Events (5)
1.
April 9, 1900
Chartered
- Source
- historical_nic
2.
March 1, 1933*
Suspension
- Cause
- Government Action
- Cause Details
- Banking holiday in March 1933 led to conservator appointment and restricted operations.
- Newspaper Excerpt
- Merrill Tewksberry, president of the Montpelier bank, has served as conservator for the institution since the banking holiday in March.
- Source
- newspapers
3.
October 3, 1933
Receivership
- Source
- historical_nic
4.
October 3, 1933
Receivership
- Newspaper Excerpt
- George G. Jones yesterday was appointed receiver for the First National Bank of Montpelier, Ind., by Comptroller of Currency O'Connor.
- Source
- newspapers
5.
September 20, 1935
Other
- Newspaper Excerpt
- John Heller, receiver of the First National Bank of Montpelier, has sold the building to Willard Matson of Montpelier. Announcement has been made that a new bank, to be known as the Montpelier State Bank, will be opened. At present Montpelier is without a bank.
- Source
- newspapers
Newspaper Articles (4)
Article Text
BANK RECEIVER BEGINS DUTIES Warren Man In Charge Of Montpelier Institution. Montpelier, Ind., Oct. 4.-George K. Jones, of Warren, was appointed receiver of the First National Bank here today by the comptroller of the currency and assumed his duties immediately. He will be assisted in closing the bank's business by R. L. Mossburg, also of Warren. Mr. Jones is an official in the Warren bank. Merrill Tewksberry, president of the Montpelier bank, has served as conservator for the institution since the banking holiday in March. The bank was robbed for the second time a few months ago and about $11,000 taken Montpelier Short Notes. A daughter was born to Mrs. Ross Cramer last night. Mr. and Mrs. Lee Penrod are the parents of a son, born recently The Missionary Guild, of the Methodist Church, held an all-day social meeting at the home of Floss Dick, west town, yesterday. A carry-in dinner was served to the following mesdames Dorothy Green, Rozella Buroker, Ethel Berry, Mildred Arbuckle, Audra Cline, Violet Williams, Frances Wilson, Ione Sites, Ethel St. John, Mabel Thornburg, Grace Mahorney, Helen Mahorney, Miss Anne Shields and her sister and the hostess, Floss Dick. The Neighborhood Club will meet Thursday afternoon at the home of Miss Anne Shields. The Five Points Club will hold an all-day meeting Thursday at the home of Mrs. Roy Shadle. A birthday gathering in honor of Mrs. Dale Confer was held Sunday.
Article Text
BANK RECEIVER TAKES CHARGE J. H. Heller Named to Serve at Hartford City. Hartford City, Ind., May 24.-John H. Heller, of Decatur, today took charge of the First National Bank in this city as federal receiver. The bank will be closed for a few days, during which time the books will be checked and a receipt given to Earl Reasoner, who has served as conservator since March 28, 1933. The order for the appointment of a receiver came from the office of the comptroller of currency in Washington. Notes Reduced $66,000. Following the bank moratorium of last March, the bank was placed on restricted basis and later the conservator was named. During the year that has passed since that time, all bills payable, totalling $38,000, have been paid and the notes due the bank have been reduced by $66,000. The bank has deposits of $243,000. Liquidation by the receiver will be started as soon as possible. Word has been received here that the North Central Association has again accredited the Hartford City high school for another year. Commencement Tonight. Fred G. Bale, of Columbus, O., will be the speaker at the annual commencement exercises of the Hartford City High School here tomorrow evening The exercises will be held at the high school gym. The graduating exercises for the Holy Family school were held here this evening. Dr. Royal J. Dye was the speaker at the Christian Church this evening He is a pioneer missionary from the Belgian Congo district of Africa. The David Townsend will was filed for probate in the Blackford Circuit Court here today. M. C. Townsend, a son, lieutenant governor, is named as executor. The estate goes to the widow. County Funds Recovered. County Auditor Luther Speidel today announced that all county funds, totalling $13,029.53, which were in the First National Bank at Montpelier when that institution was closed last year, have been from the bonding company and the state sinking fund. The city council, at special meeting this evening. heard further discussion of the proposed sewage disposal plant. The funeral of Mrs. Martha Long will be conducted at 2 o'clock Friday afternoon at the Church of God in Roll. Floyd Lewis has purchased the Frank Howell grocery store in North Cherry street. A number of people from this city will go to Marion tomorrow afternoon to attend the funeral of John A. Jones, political leader. Mrs. William Glancy, of this city, is a daughter.,
Article Text
Little Is Golf Ace CLEVELAND, Ohio.—Entering the American Amateur Championships with a record of 23 successful matches in a row, William Lawson Little, Jr., brushed eight opponents aside, raised his string of match-play victories to 31 and captured his fourth consecutive amateur title—two British, two American. His consecutive victories were 17 more than Bobby Jones' peak. Walter Hagen, a veteran professional of the game, watched Little's unerring play from the gallery, sighed: "I'm glad they bar pros from the amateur championship." Youth Off On Wrong Foot The Knightstown correspondent of the New Castle Courier-Times in Tuesday's issue credits T. C. McCaslin, appointed Monday evening by the Democratic board of trustees as being a Republican, to fill the vacancy caused by the death of J. Floyd Irish, to represent Ward No. 1. This is a serious error on the part of the correspondent, as Mr. McCaslin has always been counted a Democrat. Bill Bales has been at Indiana University since the college year opened, and Wallace Moore, a Senior in the local high school, has been furnishing news for the Courier-Times from Knightstown. Imagine, if you can, the Democratic council of Knightstown appointing a Republican to a seat as a member of that body! Death Of Alice White Mrs. Alice White, 85 years old, aunt of Paul and Ray Gilbreath, died at the City hospital in Indianapolis at 4 o'clock Tuesday afternoon, following a two weeks' illness. Two weeks ago she suffered a stroke of apoplexy, which was the cause of her death. Deceased was also an aunt of Mrs. Bertrice Deitrich, of this city, now at Salem, Ohio, and was a sister-in-law of the late Robert Gilbreath, of Knightstown. Funeral services were held Thursday afternoon at 2 o'clock from the Wilson funeral home, West Main street, conducted by Rev. Dale C. Beatty, pastor of the M. E. Church, and burial was made at the Foust cemetery, south of town, in charge of Orville Wilson, undertaker. Bank Receiver Sells Building John Heller, receiver of the First National Bank of Montpelier, has sold the building to Willard Matson of Montpelier. Announcement has been made that a new bank, to be known as the Montpelier State Bank, will be opened. At present Montpelier is without a bank. Improvements are being made at the Hotel Murray. The old dining room on the west side of the hotel is being fitted up and may be used in the near future as a dining room in connection with the hotel. It is large and roomy.