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MIDDLEPORT BANK SOON TO FIRST DIVIDEND Special MIDDLEPORT Aug. 13.-The First National Bank will pay its first dividend of 32 per to creditors, Attis B. Coppedge in charge of liquidation announced Saturday The dividend check and schedules been forwarded to the comptroller at Washington and the check be ready for as soon they are and to the Depositors will be when the check The First bank closed its dors on Since that time, Mr. Coppedge has been in charge of liquidation.
MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND the MIDDLEPORT Aug. First National Bank will pay its first dividend 32 per cent to creditors, B. Coppedge in charge of liquidation Saturday The check and schedules have forwarded the comptroller of at Washington and the check will be for delivery as they are and to the will be notified when the arrives. The First bank closed its dors on Dec 17. 1931 Since that Mr Coppedge has been in charge of liquidation
NEW YORK Aug. 13 mill operations the district in the week will start at 14 per of capacity. an advance of per it estimated in the steel trade. MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND Special to the EVENING MIDDLEPORT Aug. First National will pay its first of 32 per cent. creditors, Coppedge in charge liquidation Saturday The dividend check and schedules have been forwarded the comptroller of currency at and the check will ready for delivery as soon they are signed and returned to the will be notified when the The bank its on Dec 1931 Since that time, Mr Coppedge has been in charge liquidation
DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING LOCKPORT Aug. 15.-Approximately first dividend checks for two small banks this section receivership now were in sight Monday when authorities prepared out $38,000 representing 30 per depositors Gasport National bank first per for depositors the Middleport National bank Receiver both banks, B Coppedge, issued that statement Monsigned the comptroller's at bank and
DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING NEWS. LOCKPORT Aug 15.-Approximately $150,000 in first dividend checks for two small banks of sight resenting 30 per money due depositors the Gasport bank. and representing first dividend 32 per for of the Middleport National bank Receiver for banks B that statement Monsigned the at Albank and mailed to depositors
DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING NEWS. LOCKPORT, Aug. 15.-Approximately $150,000 in first dividend checks for two banks of this section, now receivership. were in sight Monday when money depositors Gasport bank. and dividend per cent. for depositors the Middleport National Receiver both banks. Otis B. Coppedge, issued Monare signed bank and mailed depositors.
BANK RECEIVER WINS VERDICT IN NOTE SUIT LOCKPORT Nov verdict of $2500 favor Otis B. Coppedge, receiver of the National Bank of Middieport, and against Cornelius J. Mack, Gasport, on promissory note given by latter to the before was reported by jury in here Edward Sweeney, Gasport, named with Mack contested the suit and won no of action verdict from the
DEFUNCT BANK RECEIVERSHIPS ARE CONCLUDED Thirteen Liquidations Finished; One Institution Returned to Solvency The Comptroller of the currency, J. F. T. O'Connor, today announced the completion of the liquidation of 13 receiverships and the restoration of one receivership to solvency during November, 1936, making a total of 173 receiverships finally closed or restored to solvency since his last annual report to congress dated Oct. 31, 1934. Total disbursements, including offsets allowed, to depositors and other creditors of these 173 institutions, exclusive of the 12 restored to solvency, aggregated $43,967,785, or an average return of 72.74 per cent of total liabilities, while unsecured depositors received dividends amounting to an average of 60.12 per cent of their claims. The Woodridge-Langdon Savings and Commercial bank of Washington, D. C., in receivership April 9, 1934; restored to solvency Nov. 11, 1935, all creditors having been paid 100 per cent principal. Liabilities Transferred The Ashland National bank of Ashland, Ky., in receivership Sept. 22, 1932, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. The creditor bank, from dividends and other sources, received 100 per cent together with interest in full amounting to 7.31 per cent. Disbursements during receivership, including offsets allowed, aggregated $505,942 and the stockholders received $27,203 together with the assets remaining uncollected. The First National bank in Ashton, Ia., in receivership Oct. 31, 1933; depositors and other creditors were paid 100 per cent with interest in full amounting to an additional dividend of 8.78 per cent. Total payments to creditors, including offsets allowed, aggregated $97,912 and the stockholders received $4,367 together with the assets remaining uncollected. Depositors Get 100 Per Cent The First National bank of Oakland, Neb., in receivership Sept. 18, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 7.712 per cent. Total payments to creditors, including offsets allowed, aggregated $236,610 and the stockholders received $8,216 together with the assets remaining uncollected. The Hamilton County National bank, of Cleves, O., in receivership Nov. 6, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 6.516 per cent. Total payments to creditors, including offsets allowed, aggregated $552,149 and the stockholders received $5,118 together with the assets remaining uncollected. The First National bank of Bishop, Tex., in receivership Oct. 15, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $124,768, which represented 82.65 per cent of total liabilities. Unsecured depositors received dividends amounting to 72 per cent of their claims. North Dakota Bank The Bottineau National bank of Bottineau, N. D., in receivership June 23, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $188,460, which represented 54.79 per cent of total liabilities. Unsecured depositors received dividends amounting to 27.93 per cent of their claims. The First National bank of Randolph, Ia., in receivership Sept. 8, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $62,774, which represented 88.85 per cent of total liabilities. Unsecured depositors received dividends amounting to 86.5 per cent of their claims. The First National bank of Middleport, N. Y., in receivership Dec. 30, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $403,947, which represented 76.42 per cent of total liabilities. Unsecured depositors received dividends amounting to 63.22 per cent of their claims. The First National bank of Gasport, (Continued on Page 13)