gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
62954a26b047a8cd
Response Measures
None
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1927-08-18
Date receivership terminated
1932-07-01
OCC cause of failure
Losses
Share of assets assessed as good
17.0%
Share of assets assessed as doubtful
46.9%
Share of assets assessed as worthless
36.2%
Description
Receivership and liquidation actions are reported; no article describes a depositor run prior to closure.
Events (7)
1.April 20, 1900Chartered
Source
historical_nic
2.May 16, 1927Voluntary Liquidation
Source
historical_nic
3.August 18, 1927Receivership
Source
historical_nic
4.August 18, 1927Receivership
Newspaper Excerpt
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 ... second dividend ... (Nov. 13, 1927).
Source
newspapers
5.August 18, 1927Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in receivership for liquidation following insolvency/official action; assets taken over by Farmers and Merchants National Bank.
Newspaper Excerpt
defunct First National bank at Sheridan ... were closed few weeks ago
Source
newspapers
6.November 13, 1927Other
Newspaper Excerpt
second dividend of twenty-five per cent will be paid ... for the defunct First National bank at Sheridan
Source
newspapers
7.February 15, 1928Other
Newspaper Excerpt
recommended the payment of ten per cent dividend for Sheridan ... When the ten per cent dividend paid the depositors will have total of eighty cents on the dollar.
Source
newspapers
Newspaper Articles (10)
1.November 13, 1927The Anderson HeraldAnderson, IN
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Article Text
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.
2.December 28, 1927The Huntington PressHuntington, IN
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Article Text
Davies, Kokomo. former treasurer. who has indicted by the Howard county in with the affairs of the American Trust Kokomo, today called company Joseph W. McIntosh, of reney, and view the indictment that ceiver for the First Noblaville and the First National Sheridan. MeIntosh, after complimenting Davies the the affairs two banks under the receivership, said was customary for receiver similar to offer his resignation pending Davies said he prepare his resignation soon reached his The indictment charged that Davies, while treasurer, unlawfully received from the American Trust company.
3.December 31, 1927Palladium-ItemRichmond, IN
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Article Text
DAVIES' RESIGNATION AS BANK RECEIVER
Dec. resignation Davies, Kokomo, as for the First National bank of Sheridan and the First National bank, of Noblesville, accepted today by Joseph McIntosh, comptroller currency. Davies, former state treasurer recently indicated by the Howard county, Indiana, grand jury in connection with affairs of the American Trust company, of Kokomo. The that Davies, while treasurer, received money from American Trust company. The trust company was closed months order of the bank examiner. lengthy investigation by the Howard county grand jury resulted indictments against Davies; Luther W. Symons, state banking commissioner; Thomas Barr, deputy commissioner; Frank Owens, president the institution time it was closed, and several others.
4.January 1, 1928The South Bend TribuneSouth Bend, IN
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Article Text
ORA J. DAVIES RESIGNS POST
Dec. ignation of Ora Davies, of Kokomo, Ind., receiver for the First National Bank Sheridan and the First National Bank of accepted to-day by Joseph of currency Davies, former treasurer. recently was indicted by Howard county, Indiana, grand jury in connection affairs the AmerTrust Kokomo, Ind. The indictment charged that Davies, while treasurer, unlawfully received money from the American Trust The company was closed few the state the grand Luther Symons, state banking commissioner: Thomas Barr, deputy commissioner: Frank H. the was closed, and several others.
5.January 5, 1928Anderson Daily BulletinAnderson, IN
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Article Text
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.
6.January 20, 1928Anderson Daily BulletinAnderson, IN
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Article Text
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.
7.February 15, 1928The Noblesville LedgerNoblesville, IN
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Article Text
SHERIDAN BANK
Local Receiver Makes to Controller
R. Hartman. receiver for the National Bank in this city and the First National Bank Sheridan, said, Wednesday, that had recommended the payment of ten cent dividend for Sheridan This money will the Farmers and Merchants National Bank, of Sheridan, which took assets when the First National liquidated. When the ten cent dividend paid the bank have total of eightycents on the dollar. Hartman says the ten per cent dividend for the depositors of the First National Bank of passed slowly. Originthere 966 of these checks for distribution and less than half of them have been called for. Hartman asserts this nearly always far as his tends. When the money waiting
8.September 23, 1930The Indianapolis NewsIndianapolis, IN
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Article Text
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.
9.September 24, 1930The Indianapolis TimesIndianapolis, IN
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Article Text
Bank Receiver Appointed By Times Special NOBLESVILLE, Ind., Sept. 24.Robert Hartman of this city has been notified from Washington of his appointment as receiver for the First National bank of Wilkinson, which was closed a few days ago. This is the fifth bank in central Indiana for which Hartman is acting as receiver, the other being the First National of Sheridan and the First National, Farmland.
10.September 24, 1930The Indianapolis TimesIndianapolis, IN
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Article Text
RUSSELL, IRISH SAGE, IN FOR LECTURES
Comes to Preach Importance of
Agriculture; Frowns on Cities. NEW YORK, Sept. Russell, and letters, has the United States, where trend to the cities, to preach importance Russell, under his will spend the next lectures which advocate adherence to the 'After three and four generations cities tends deteriorate and there retrocession animal the said. "People who the open air get an original rude strength which is impossible cities." Russell will addresse rural groups various parts the country the hope keeping them away from cities and slums.
Bank Receiver Appointed
Ind., Sept. Robert Hartman this city has notified from Washington his receiver for the First National bank of Wilkinson, which closed few days This fifth central diana for which Hartman acting the other being First National Sheridan and National, Farmland.
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.
