The bank was placed in receivership (National Bank in Charge) in October 1933 and remained closed; articles (Mar and Sep 1934) describe dividends paid by the receiver. No run is mentioned. Cause of suspension is government action (receiver assigned by the Comptroller of the Currency).
Events (6)
1.March 2, 1925Chartered
Source
historical_nic
2.October 1, 1933*Receivership
Newspaper Excerpt
W. Hines ... was placed in charge of the bank as receiver by ... the Comptroller of the Currency. Hines has been in charge of the Lynch National since last October ... settling the affairs of the institution.
Source
newspapers
3.October 1, 1933*Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership by the Comptroller of the Currency in October 1933.
Newspaper Excerpt
placed in charge of the bank as receiver by ... the Comptroller of the Currency
Source
newspapers
4.October 3, 1933Receivership
Source
historical_nic
5.March 14, 1934Other
Newspaper Excerpt
HINES BEGINS PAYING DEPOSITORS OF LYNCH BANK TODAY, REPORT ... began paying depositors of the closed bank an additional 15 per cent of their de[...] This is the second payment depositors received payment of 20 per cent having been ... Hines has been in charge of the Lynch National since last October and has made much progress in settling the affairs of the institution.
Source
newspapers
6.September 4, 1934Other
Newspaper Excerpt
The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent, which makes total of 45 per cent paid depositors in 11 months since October 1933 when W. Hines ... was placed in charge of the bank as receiver by ... the Comptroller.
Source
newspapers
Newspaper Articles (2)
1.March 14, 1934The Park City Daily NewsBowling Green, KY
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Article Text
HINES BEGINS PAYING DEPOSITORS OF LYNCH BANK TODAY, REPORT
W T Hines of this city who is National Bank in charge of the settlement of the affairs of the Lynch National Bank at Lynch Kentucky today began paying depositors of the closed bank an additional 15 per cent of their deThis is the second payment depositors received payment 01 20 per cent having been Mr Hines has been in charge of the Lynch National since last October and has made much progress in settling the affairs of the institution He has had many years of banking experience in his business career
2.September 4, 1934The Park City Daily NewsBowling Green, KY
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Article Text
PARLEY OF SERVICE MEN SLATED TONIGHT
A meeting of owners. salesmen. service, parts men and mechanics connected with businesses which re_ Eveready anti-freeze will be held at o'clock in the Neal building evening on State street The meeting. sponsored by the National Carbon Company manufacturers of Eveready products will be in charge the Motor and Electric Supply Company of this city Sales talks and demonstrations will be given and cold refreshments served
Lynch Bank Paying Off
The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent. which makes total of 45 per cent paid depositors in 11 months. since October 1933 when W. Hines Bowling Green was placed in of the bank as receiver by of the Currency. Comptroller
