First National Bank - Connersville, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1034
Charter Number: 1034
Start Date: December 22, 1920
Location: Connersville, Indiana (39.641, -85.141)

Metadata

Model: gpt-5-mini
Short Digest: 26d35354

Response Measures

None

Receivership Details

Depositor recovery rate: 95.1%
Date receivership started: 1930-12-30
Date receivership terminated: 1939-10-27
OCC cause of failure: Economic conditions
Share of assets assessed as good: 68.6%
Share of assets assessed as doubtful: 22.7%
Share of assets assessed as worthless: 8.7%

Description

Article (Dec 22, 1920) states claims will be paid after the final payment to depositors has been completed, indicating the bank was in liquidation/receivership and permanently closed. No run is described in the provided text.

Events (3)

1. April 17, 1865 Chartered

Source: historical_nic

2. December 22, 1920 Receivership

Newspaper Excerpt: These claims were assigned to the claimants and will be paid after the final payment to depositors has been completed.
Source: newspapers

3. December 30, 1930 Receivership

Source: historical_nic

Newspaper Articles (1)

1. December 22, 1920 The Richmond Palladium and Sun-Telegram Richmond, IN

Article from The Richmond Palladium and Sun-Telegram, December 22, 1920

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Article Text

$59,959 on an overdraft of the Farmers' Bank of Milton on the First National bank of Connersville. These claims were assigned to the claimants and will be paid after the final payment to depositors has been completed. Other large claims set aside to be paid afterwards are those of Sarah F. Hart, $11,000; Anderson and Sous Grain company, $28,000; Washington township, $11,000; and Wayne county, $27,000.