First National Bank (Farmland, IN)

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The office of National Bank Receiver, Robert G. Hartman, in the American National Bank Building for the past four years was closed today it was announced by Mr. Hartman. The receiver severed his connection with the Treasury Department in March of this year making the resignation effective April 30th. Mr. Hartman came to this city in January, 1928, and assumed charge of the liquidation of the First National bank of Noblesville and the First National bank of Sheridan. On July 3, 1928, he assumed the First National bank of Arcadia receivership. In December of that year the First National bank of Warren, Huntington county, was placed in his charge for liquidation. Later he was appointed by the Comptroller of the Currency as receiver of the First National Bank and New First National Bank in Farmland, Indiana, the Farmers National Bank of Wilkinson and the First National Bank of Lewisville, Indiana, the last named bank having suspended in October, 1932. Since coming to Noblesville Mr. Hartman has completed the liquidation of the First National bank of this city, from which the depositors received 98-2/10% in dividends; the First National bank of Sheridan, paying 100% plus interest on the liabilities, and full liquidation on the First National Bank of Farmland, Ind. At the time of his resignation the receiver had paid in dividends: First National Bank of Arcadia 88%, First National Bank of Warren 58%, Farmers National Bank of Wilkinson 62% with an additional cash distribution of 5% available, the New First National Bank in Farmland 50%, and two dividends aggregating 27½% plus a 7% dividend in the process of payment, making a total of 34½% at the First National Bank of Lewisville. Alden H. Baker, of this city, has been appointed receiver of the Wilkinson and Lewisville banks; John Heller of Hartford City for the Farmland and Warren institutions and Lester E. Everett, a Boone county farmer, has taken the appointment to liquidate the Sheridan and Arcadia banks. Mr. Baker is also receiver of the Farmers First National Bank of New Castle, while Heller and Everett have other banks at Montpelier, Hartford City, Flora and Lebanon. Before coming to Noblesville Mr. Hartman spent five years in the Examining Division of National banks under the direction of the Treasury Department, with headquarters in St. Louis, Mo., and Louisville, Ky. He also spent some time in Mississippi where he was engaged in the liquidation of national banks in that state. During the difficulties following the bank holiday, Mr. Hartman was called to Washington to assist in the Comptroller's office. At the time he had charge of several New England states in which numerous banks were in the hands of conservators. He had intended to remain in Washington indefinitely but had to return to Noblesville on account of the death of his sister which occurred in June, 1933, in this city. Later the former receiver was directed by the Comptroller to assist in the opening of receiverships in Lebanon, Mulberry and New Castle, Ind. Atlanta Christian Church ATLANTA, Apr. 30. (Spl.)—Funeral services for Myrtle Lane were held Sunday afternoon at the Christian church, Rev. Berry officiating. The church was well filled with rela- JOHN HARMS AT ATLANTA ATLANTA, Apr. 30 (Spl.)—Sunday, May 5th, John Harms, director of Religious Education in Indiana, will be here all day. He will be with the Junior church in the morning, in the afternoon will meet in conference with the officers and teachers of the Bible school and in the evening will address the entire congregation.