Peoples Ticonic National Bank (Waterville, ME)

View Charter #880 on SPMC View balance sheet

Episode Information

Episode UID
88001599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8800 national
Charter Number
880
Start Date
March 4, 1933
Location
Waterville, Maine (44.552, -69.632)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9e1f107c214b4aae

Response Measures

None

Receivership Details

Depositor recovery rate
85.0%
Date receivership started
1933-11-06
Share of assets assessed as good
35.7%
Share of assets assessed as doubtful
60.7%
Share of assets assessed as worthless
3.6%

Description

The articles discuss post-closure litigation and bankruptcy claims involving the receiver; the suspension date is inferred from the 1933 banking holiday context.

Events (4)
1. March 13, 1865 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
The bank likely suspended during the March 1933 banking holiday and never reopened, leading to the known receivership.
Source
newspapers
3. November 6, 1933 Receivership
Source
historical_nic
4. November 6, 1933 Receivership
Newspaper Excerpt
receiver for the Peoples Ticonic National bank
Source
newspapers

Newspaper Articles (2)
1. April 3, 1935 Biddeford-Saco Journal Biddeford, ME

Article Text

MAINE MATTERS Court Orders Boy Whipped. A ten-year-old Augusta youth, charged with several thefts in that city, was sentenced to "a darn good licking" by his father in Augusta municipal court Monday morning. Thefts of nearly a set of silverware from the Maine Central freight yards, theft of a gun from a parked automobile and several others were admitted by the youth. Other complaints had been received by Augusta police authorities. Unable to send the boy to on the morning of April 21, at 4.55. It is estimated that more than 2,000 persons will attend. Sues Bank Receiver. Charles H. Pulsifer of Waterville filed a suit for $2,000 in the United States district court in Portland Tuesday against Arthur G. Picher of Waterville, receiver for the Peoples Ticonic National bank. He alleges that money is due him from the bank. Restaurant Riot. Smashing their way into the Kozy Cafe in Portland through glass windows and doors after they had been denied admittance, seven men said by police to be soldiers,

2. September 14, 1935 Morning Sentinel Waterville, ME

Article Text

Parsons' Creditors To Meet On Sept. 27 AUGUSTA, Sept. 13—First meeting of creditors of Wallace E. Parsons of Waterville, whose petition in bankruptcy was adjudicated Thursday at the office of Referee Walter M. Sanborn here, will be held Sept. 27 at 8 a. m. (EST) in the office of Mr. Sanborn. Parsons listed his liabilities at $258,060.40 and assets at $1,950.38, of which $350 is claimed exempt. The priority creditors are: Town of Concord, taxes, 1934 and 1935, $28; town of Bingham, taxes, 1934 and 1935, $38.40. The secured claims include: Receivers of Fidelity Trust Company, Portland, $37,061.98; Merrill Trust Company of Bangor, $13,128.75; receiver of People's Ticonic National Bank of Waterville, $19,511.23; First National Bank of Portland, $1,200.