948801543 94880
national
11fcf713baac4666Full suspension, Books examined
Other: Bank was closed and turned over to a national bank examiner and later placed in receivership; receiver paid dividends and assessed stockholders during liquidation.
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United July The First National bank at Arcadia closed its doors today after having been in operation for 19 years was turned over to Sanders, national bank examiner. The failure was attributed to depression in agriculture in the community and withdrawals covering period of the past three months. The last published statement showed that the bank has $200,000 in loans and discounts and deposits amount of $230. It was expected that an tempt the bank would made.
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TREASURY DEPARTMENT Office Comptroller the Currency, Washington, August 1928. Notice is hereby given all persons who have claims against First National Bank cadia, Indiana, that the same must Robert the legal three from this date or they may STEARNS. Acting Comptroller of the Aug. The great pyramid at Giza covers thirteen acres.
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Will Another Payment Soon, the Board Made Is Told THREE ROADS ACCEPTED Is ReMoffitt Highway Because of a jected of Gravel commissioners, who adThe journed their October session, afternoon, were well Tuesday just before they were ready pleased depart from the auditor's office of the when the First National walked in and Bank, of Arcadia, them with check for presented $3,000, being part payment money which on county the bank closed its posit when At that doors two months ago. had around $13,000 time the county in the bank. The board was formed that another payment would be made soon as the bank dividend and the repdistributed said he could see resentative the full amount of the reason why in short bond could not paid time. The over this pay their appreciation that the bondsment and believe amount in full will the men pay few weeks. There is suit for this money. bringing The bond personal some in the defunct of the stockholders bank being on the paper. In the matter of the vacation of short road and the opening of anfor by Hez other one, petitioned township, the Sylvester, in Wayne appointed the following board Klepfer, Hamilton viewers: Emmet Haworth. Metsker and next Saturday, and They will meet, the two highways. The board voted accept part the the county road system Sohl, Rudolph Gascho and the Noblesville Joseph highways Howe road in the township, Delaware township. The Moffitt road in the latter township was the board did not believe rejected had sufficient amount of gravel Ed Baker County Surveyor the Beck signed engineer road Jackson township and for Surveyor Chester County Oberleas, Sheridan, was appointin his place. The board approved the voting places for the election which were in the Ledger few days published that one will have to made, but changes this be done later. can
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NOTICE OF SECOND second dividend 10% declared and will payable who have filed their proofs claim January 1929. Checks are now being prepared and probably will be for ready by the March. first dividend of 40% was paid !efore the Holidays. Bank suspended July 1928. Receiver. First National Bank, Arcadia, Indiana. NOTICE OF ORGANIZATION The City Committeemen Noblesville called meet in the City Building, Noblesville, o'clock Saturday, 1929, organize the City Committee to charge nomination city officers for Noblesville, conformity with the regulations the State Haughey, County Chairman
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NOTICE CREDITORS Whom Concern: Hamilton Court County Chemical and hereby demands against said and Trust in the 1st March distribution the assets said any on said claims, demands All holding contracts said tion, must present place before said Dated Noblesville, Indiana, this 2nd day of Receiver NOTICE OF DIVIDEND A second dividend of 10% has been declared and will be payable all creditors who have filed their proofs of claim prior to January 30th, 1929. Checks are now being prepared and probably will be ready for distribution by the 1st of March. A first dividend of 40% was paid the Holidays. Bank suspended July 3rd. 1928. ROBERT Receiver. First National Bank, Arcadia, Indiana.
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Receiver Announces Dividend By Times Special ARCADIA, Ind., Feb. 5.-Robert G. Hartman, receiver for the First National bank here, has announced that he will pay a dividend of 10 per cent to depositors March 1. Early in the winter he paid a 4 per cent dividend. The bank closed last July, the result of withdrawals extending over a period of a year.
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White River Township Board of Finance Sues Surety AMOUNT ASKED BY BOARD IS $1,500 Exceptions to Report In Thomas W. Clark Estate A suit has been filed in court growing out of the failure the National Bank, at Arcadia. The Board of Finance, of White River township, had some money on deposit in the bank when closed by the Controller on July includ$3,319.15 in money and $2,785 certificates deposit. The bank had given its surety for the safety of the cial Casualty Insurance Company also Aetna Casualty and Company. The present filed against the Company for account its liability for the funds bondsfor the First National Bank. The receiver has paid part the amount deposit in the bank, he has paid dividends to the positors, but there still due White River township the of The suit filed by Meade Vestal Kane torneys for the finance board White River township. Citizens State bank has suit in court against Mary E. Landes for small $50, note. George Osborn, of Sheridan, court, Friday, to have the report approved of the guardian of Essie Harold. He also filed the report the the ThomCreek estate. but Neal Little filed exceptions to the port and was not by approved the court at this time.
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Closed Bank Pays Bat Times Special ARCADIA, Ind., Aug. 31.-Robert Hartman, receiver of the First National bank of Arcadia is distributing a 10 per cent dividend. making 70 cents on the dollar that has been paid depositors. Hartman believes the bank will pay 80 or 90 cents eventually. An assessement of 100 per cent has been made on all stockholders.
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Arcadia Without Banks By Times Special ARCADIA, Ind., April 12.-With closing of the Central bank, Arcadia is without a financial institution. Continued withdrawals over a period of several months, is assigned as a reason for the closing. The bank was owned by A. E. Martz and son, Fred, both of whom were actively connected with its management. It was organized sixteen years ago with capitol stock of $10,000. A year ago the First National bank here went into the hands of a receiver.
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Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., April 14.Robert Hartman has been notified by the controller of currency at Washington of his appointment as receiver of the First National bank at Warren, which closed fifteen months ago. He will succeed Lawrence Lyons, former Republican state chairman, who resigned. Hartman now is acting as receiver for five national banks in this part of the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.
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HARTMAN IS APPOINTED WARREN BANK RECEIVER Noblesville, Ind., April -Robert Hartman. of this city, has been notified by the controller of the of his appointment as receiver for the First National bank at Warren. which closed more than a year ago. He takes the place of Lawrence Lyons, former Republican state chairman, who resigned. Mr. Hartman is now receiver for five national banks in north central Indiana. They are at Noblesville. Sheridan, Arcadia, Farmland and Warren.
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NAMED BANK RECEIVER Robert Hartman, Noblesville, to Take Over Institution. Ind., September 23. Robert Hartman has received notice from of his as receiver for the First National days ago. This is the fifth bank in central Indiana for which Hartman is now acting as receiver, the others being the First National Bank. of Noblesville: the First National Bank. Arcadia the First National Bank, Sheridan, and the First National Bank, of Farmland.
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Closed Bank to Pay Eat Times Special ARCADIA, Ind., Oct. 25.-Robert Hartman, receiver for the First National bank, which was closed two years ago, announces that he will pay a 10 per cent dividend to depositors in a shore time. This will be the fourth dividend, making a total of 80 cents on the dollar.
TALK REVIVES ABOUT NEW BANK Said Institution will Be Opened at Arcadia This Month Reports which are considered reliable continue to reach the Ledger to the effect that a new bank will be opened at Arcadia within the next two or three weeks. It is said that some outside capital will be coupled up with local capital in the new institution and. according to the best information obtainable, the head of the institution will be brought to Arcadia from outside of the county. So far as known there has been no intimation as to who the new president will be and neither is the information available just now as to who will be identified with the bank either as officers. stockholders or directors. It is expected that full announcement concerning the new institution will be made in two or three weeks. Arcadia has been without a bank Since year ago last April v Central Bank closed its doors. Three years ago the First National Bank suspended business. For a while there was some talk of the Citizens National Bank, of Cicero, establish- ing a branch at Arcadia, but this idea has been abandoned, it is said. (Roberts & Roberts. Attys.) NOTICE OF ADMINISTRATION Notice is hereby given that the undersigned has been appointed by the Judge of the Circuit Court of Hamilton County, State of Indiana Administratrix with will annexed of the estate of Edward Kinnaman. late of Hamilton County. deceased. Said estate is supposed to be solvent. June 1st. 1931. IVA KINNAMAN. June 2-9-16.
Tentative Date Fixed Pending Purchase of Real Estate CHOSEN AS CASHIER Parent Institution Is the Citizens State Bank of This City The Citizens State Bank, of this city, which has been arranging some time to open branch ArWednesday, that Cook, of been chosen for the opening of June but whether not this program can be carried getting the First National Bank buildNegotiations are now in progress the purchase the buildand presumed that the plan go through right but the deed has not yet passed. After First National Bank closed three years ago the building came the property the ment the negotiations the sale of estate are being Washington. thought that the deal be within few to made, Wednesday, Harry Craig, cashier the Citizens State Bank. Mr. Cook now Arcadia ranging take charge of the branch bank will do so as soon few more the preliminaries way. He comes from wood where he has been identified an elevator for some time. one time employed in an also formerly lived Tipton. He said to be well quainted in the and parts of Hamilton county. may have assistant this part the has program yet been worked The bank secured its charter for this branch from the few days All of the will be done through Noblesville bank will branch bank in all that the name implies. Arcadia has been without nancial institution for fifteen months. The Central Bank pended in April last year and year or two before that the First National closed its doors. This will the third new bank in ilton county within the few weeks. The one Carmel opened and the Jolietville State Bank moved to Westfield few weeks age, the institution being bought by citizens of Westfield stood that this bank will change name about the first the
IN BANK RECEIVERS SHERIDAN, Apr. 26.—Robert G. Hartman, who has been acting as receiver for the Farmers & Merchants National Bank of Sheridan and the First National Bank of Arcadia, will be succeeded next Tuesday by Lester E. Everett. Mr. Everett is now serving as receiver for the First National at Lebanon and the Bright National of Flora. He will continue to liquidate those banks in addition to the Hamilton county institutions.