First National Bank (Mamaroneck, NY)

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BANK'S RECEIVER FOR $15,000

Asks Court for Judgment Against Nine Stockholders at Mamaroneck

Special to The Standard-Star NEW June 10-Clarence C. Merritt of 241 Larchmont Avenue, Larchmont, and eight Mamaroneck men named in suit filed in the United States District Court here yesterday to collect $15,000 liability the ownership of 150 shares of the stock of the insolvent First National Bank in The suit is brought by Hiram E. receiver for the bank which declared to be insolvent Jan. 16. 1933 On April 21 the Acting Comptroller of the Currency determined that in order for the institution to pay its debts would be necessary to assess the registered stockholders for the par their stock Mr. Meeker alleges that Mr Merritt and Reuben P Brewer Fred Wilson. William J. Kuder Francis Fowler Richard A. Burger. William J. Kuntz, George W Mahlstedt and Charles M. Baxter all of Mamaroneck the owners of 150 shares of stock with par of $100 share. The shareholders were required to pay their assessments by May 29 to Mr. Meeker's complaint no part of the $15,000 has been He asks for judgment in that amount with interest from May 29 and costs.

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BANK'S RECEIVER SUES FOR $15,000

Asks Court for Judgment Against Nine Stockholders at Mamaroneck

Special The NEW YORK June

C. Merritt of 241 Larchmont Avenue and eight Mamaroneck are named in suit filed in the United States DisCourt yesterday to collect $15,000 as liability the ownership of 150 shares of the stock of the insolvent First National Bank in The suit is brought by Hiram E. Meeker receiver for the bank which declared to be Jan. 1933 April 21 the Acting Comptroller of the Currency determined that in order for the institution to pay its debts would necessary assess the registered stockholders for the par value of their stock Mr. Meeker alleges that Mr Merritt and Reuben P Brewer Fred Wilson, William J. Kuder Francis Fowler Richard A. Bur ger, William Kuntz, George W Mahlstedt and Charles M. Baxter all of the owners of 150 shares of stock with a par value of $100 share The shareholders were required to pay their assessments by May 29 but according to Mr Meeker's complaint no part of the $15,000 has been received. He asks for judgment in that amount with interest from May 29 and costs.

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BUILDING TERMED WHITE ELEPHANT

Attorney for Bank Receiver Asks Court Permission To Trade Property

NEW YORK, Aug. 22 Residents business men of Mamaroneck including Henry Hornedge. attended court yesterday on motion by receiver the First National Bank of Mamaroneck for authority to trade the bank building for real estate in Rye and mortgage owned by Howard Arformer New York banker The hearing was before Federal Judge George Murray The Re construction Finance Corporation holds mortgage against the building The bank property described "white elepnant Humphrey Lynch, former Court and for the receiver He urged that the court approve the exchange property. The back building. he poorly cated. Fred H. Rubin. and depositor National Bank. which the proposed exchange, calling it absurdity.

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Depositors Combine To Seek Information

Special Herald MAMARONECK, Sept. 17. A move that may in an investigation into the activities of the officers and of the First National Bank in Mamaroneck before the defunct institution closed 20 months ago is under way today as the result of mass meeting of about 400 depositors. After an address by Dudley A Wilson, chairman of the depositors committee of the closed Pelham National Bank, of which nine officers and directors have been indicted, the meeting formed itself into the 'Depositors' Association of Mamaroneck' which has for its objective the obtaining of "all available information on the condition the local bank. Hurlbert McAndrew, local attorney, who played leading part in the move to prevent Bank Receiver H. E. Meeker from selling the $460,000 bank building to Howard Ardrey of Rye in exchange for property appraised at $100,000 that Ardrey owns in Rye, is chair man of the appointed by the to act as its agent in all bank matters.

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BANK RECEIVER SEES LITTLE AID FROM RFC FOR CLOSED COMPANY

MAMARONECK, Oct. 17. — An opinion that the five-year extension decreed on Reconstruction Finance Corporation loans does not apply in the case of closed banks, has been expressed by H. E. Meeker, receiver in charge of liquidating the First National Bank here.

COMMUNIST SEIZED

YONKERS, Oct. 17.—Harry Bristol, a member of the Communist Party, was arrested for disorderly conduct when found distributing handbills advertising a party rally.

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SPED ON DEFUNCT BANK

Mamaroneck Receiver Appoints Advisory Council of 9 Residents to Aid Him

MAMARONECK, Oct. ceiver H. E. Meeker of the closed First National Bank in Mamaroneck announced today that he has named an advisory council of nine representative residents. None of those named had any connection with the financial insti tution before it closed outside the fact they were substantial depositors. The group will cooperate with Mr. Meeker to speed liquidation of the bank. which has been closed nearly two years and still shows no prospect of paying dividend.

REACH A BUYER Call New Rochelle 7200 and place an ad in the Classified Section of THE

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EMPTY BANK BUILDING WILL BE OFFERED TO COUNTY TRUST GROUP

MAMARONECK Oct. Under the leadership of Mayor Henry T. Hornidge movement was on foot here today to have the County Trust Company, which has filed an application to open branch in this village, establish it in the idle banking quarters in the First National Bank building. Receiver H. E. Meeker has already offered to the County Trust the opportunity of renting quarters in the building of the closed bank.