14102. First National Bank (Midland Park, NJ)

View Charter #12603 on SPMC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12603
Charter Number: 12603
Start Date: March 4, 1933
Location: Midland Park, New Jersey (40.989, -74.141)

Metadata

Model: gpt-5-mini
Short Digest: 6d1b97da

Response Measures

None

Receivership Details

Depositor recovery rate: 86.2%
Date receivership started: 1933-09-15
Date receivership terminated: 1938-06-29
Share of assets assessed as good: 36.6%
Share of assets assessed as doubtful: 56.7%
Share of assets assessed as worthless: 6.6%

Description

Bank was closed/suspended in March 1933, placed under conservatorship/receiver (receiver appointment Sept 15, 1933) and ultimately liquidated (100% stock assessment, receiver-led liquidation). No run is described in the articles. Subsequent receivership actions included assessment of stockholders and payment of a partial dividend (~65%). Dates corrected from article text (Sept. 15, 1933 receiver appointment).

Events (6)

1. November 29, 1924 Chartered

Source: historical_nic

2. March 4, 1933 Suspension

Cause: Government Action
Cause Details: Bank was closed and placed under conservatorship (conservator appointed earlier and bank operating under conservator until receiver appointment). Closure/suspension was a government-led conservatorship action by Comptroller of the Currency and local conservator; later determination of insolvency led to liquidation orders.
Newspaper Excerpt: the bank closed March 4, 1933
Source: newspapers

3. September 15, 1933 Receivership

Source: historical_nic

4. September 15, 1933 Receivership

Newspaper Excerpt: John J. Kelly ... named receiver of the bank on September 15, 1933. Kelly named receiver for the closed First National bank, condition of the institution. issued yesterday, reveals ... John Kelly, receiver for the closed First National bank, ... appointed receiver ... notifying him officially of his appointment. Kelly replaces William Gerdes ... who had been conservator, named to that position since the death of former conservator ... Mr. Kelly received notice of his last Friday. He replaces William Gerdes of this Village, conservator, who named to that position ... Mr. Kelly was busy day yesterday the bank study of the assets of bank. He said that has not as yet received full instructions from the ... Comptroller of the Currency Washington (combined excerpts).
Source: newspapers

5. January 13, 1934 Other

Newspaper Excerpt: plan to levy an assessment of 100 per cent on the par value of each share of stock held by shareholders of the First National Bank of Midland Park ... assessments are due and payable Feb. 13, 1934 (article 11).
Source: newspapers

6. July 20, 1934 Other

Newspaper Excerpt: Dividend checks that will total being prepared the the closed First National Bank Midland Park. Receiver John Kelly stated yesterday ... The checks be for sixty-five per cent of each individual's deposit total at the bank. (article 15/16).
Source: newspapers

Newspaper Articles (18)

1. September 19, 1933 The Ridgewood Herald Ridgewood, NJ

Article from The Ridgewood Herald, September 19, 1933

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Politician In of Midland Charge Park First National PARTY LEADERS BACK HIM Comptroller Currency Names dale Democrat To Replace ConLiquidation Follow? There was profound shock among the depositors of the First National Bank of Midland Park the yesterday result of announcement that John Kelly, New York lawyer living Allendale, had been appointed by Comptroller of the Currency Washington, as receiver the bank. Mr. Kelly prominent Democratic politician Allendale. He organized the Club last year and its first President. He worked campaign and the their largest vote the history of the Borough. His appointment receiver recommended Comptroller the Currency by Judge Hamilton Cross, who recognized the Democratic leader Bergen County; State Senator William Democratic leader Bergen County, John Breslin, Chairman the Bergen County Democratic Committee. Replaces Conservator Mr. Kelly received notice of his last Friday. He replaces William Gerdes of this Village, conservator, who named to that position successor Robof Ridgewood, died July. Mr. Robertson had been cashier the bank since organized. The bank has been operating under since March. Deposits been accepted no has money been paid out except on these new deposits. The appointment of receiver an that the of the bank are to be liquidated. Dr. Joseph Payne, of the said last night that Cogge. has been making trips to Washington during the past six weeks the interests of re-organization plan and getting things shape when word came that Mr. Kelly had been named receiver. meeting of the Board of Directors held Saturday night, but Mr. Kelly not attend for reason had not received his formal ap pointment. Up last night no meeting of the Directors had been called. Washington Gets Plan Under the reorganization plan subto raised by the depositors, subordinate per of their deposits in order to the bank opened regular business. Coggeshall, said, informed by Federal Banking Department that would be necessary have the bank work reduce by $50,000 on what termed An official the bank said last that the National bad shape. The bank has no outstanding mortgages on which no interest paid, said, nor understood that the ment Mr. Kelly indithat Washington not satisfied the re-organization plan. under said, the bank could re-opened under organization plan that acceptable Comptroller the Currency. Mr. Kelly was busy day yesterday the bank study of the assets of bank. He said that has not as yet ceived full instructions from the partment Currency Washington his duties, and such holding any changes that may made.

2. September 21, 1933 The News Paterson, NJ

Article from The News, September 21, 1933

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MIDLAND PARK Receiver Makes Statement; President Pleased His John Kelly, Named to Handle Institution, Says Plans for Re-organization Will Not Necessarily Be Interrupted John receiver for the closed First National Bank of Midland Park, issued the following statement yesterday: "Appointment of myself for bank, liquidation work having been my specialty for over eight does not mean the interruption or the end plan for too early for any definite statement issued to what will done here furthermore, would unfair. to say the will be the miniof expense, in fact. than the bank in operation. constructive the part of the government and done not only in this but part general policy where banks have been closed for some time. you know, the bank has been the hands of conservator and placing the hands merely placing the bank the hands of person has power to bring in the assets and make them available the for deemed best for the should be noted that the bank now under the direct and daily supervision Washington, which means that the greatest banking talent the country the disposal the period of struction and general conditions improving daily. am co-operating the board directors every way and the are invited the bank in person they send for vice information." Dr. Joseph Payne, president the bank, said that pleased Kelly's work to date, and that the has 100 per cent with the board Johnny VanderMeer will be the lineup the Rangers they tackle Paul Klumps Pompton Lakes, Saturday afternoon at Junior Order Bud and Jim Wehrell and Bob Terhune, of this borough, gave account themselves while playing Ridgewood High's football team in practice game against Tenafly yesterday. Ridgewood won, 14-7.

3. September 21, 1933 Ridgewood Herald-News Ridgewood, NJ

Article from Ridgewood Herald-News, September 21, 1933

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Over Week End News Happenings of The Closing Days of Last Week Told in Brief for Easy Reading Receiver Appointed for Bank John J Kelly, Allendale attorney has been appointed receiver for the First National Bank of Midland Park according to a telegram re ceived from Washington on, Friday night at m., notifying him offically of his appointment. Kelly replaces William H. A. Gerdes ef Ridgewood, conservator, who had been named to that position since the death of former conservator W. E. Rbertson of Claremont road, Ridgewood Mr. Kelly, whose appointment came through the office of J. F. O'Connor Comptroller of the Currency at Washington was recomhas been appointed attorney for the bank. Elks Tax Cut Not Political Mort O'Connell didate for sheriff and member of the Bergen County Board of Taxa tion in conversation with Ridgewood News representative caid, consider it an unfair accusation that politics were injected in any form into the decision of the Bergen County Tax Board in "regard exception granted the subject has been made very broad to such an extent that the board of Assessors in tion the Englewood Elke tax levy thout contest. Church Marks Anniversary Sunday marked the Tenth Anni versary of the dedication of the Upper Community be cele Church brated this week by numerous acthe shurch to which of the members and friends of the church are cordially invited. May Not Resort to Scrip Following conferences with the mayor and council this week, the Glen Rock board of education, is a bit more optimistic about the financial situation in that community and may be able to meet Ridge wood High School tuition bills and teachers salaries without resorting to the use of scrip. NRA Signers Reach 1877 Due to weather conditions the NRA drive in Ridgewood has been extended this week Of the 3.000 households in the village, 1,877 had gned consumer pledge cards up noon Saturday Few refusals had been encountered. Dies While At Work Acute indigestion caused the death of Andrew H Morrison of 16 Austin place, Glen Rock while at work in New 1ork Saturday morn ing. Faulty Fireplace Causes Fire Assistant Chief Henry Leuning presided at his first fire in his new capacity Friday afternoon which was Chief Arthur DeMouth's day If when fire in faulty fireplace called out the department from Box call 541. Fairlawn Strikers At special meeting held in Judge Hamilton Cross's offices Sat urday morning. special committee composed of Judge Cross J. Rob ert Stout of Ridgewood and Mayor Nichelas Kuiken of Fairlawn heard the various phases of the fur work ers strike of Fairlawn explained by representatives of the un on and by the employees.

4. September 27, 1933 The Morning Call Paterson, NJ

Article from The Morning Call, September 27, 1933

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MIDLAND PARK Bank Receiver Calls Meeting Of Board of Directors Friday Has Made Study of Institution and Will Make His Recommendations Depositors to Meet Oct. John Kelly, Allendale lawyer, Since receiver the First Na- the tional Midland operating since March last night called of the the herein. for Friday banking house Godwin Cross position Kelly has been charge of the bank since Sept. when close, notified his appointment comptroller has Washington,

5. October 4, 1933 The Record Hackensack, NJ

Article from The Record, October 4, 1933

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260 Depositors Pledge Support Proposed Waiver Of Funds COMMITTEE NAMED Two hundred and sixty depositors First National Bank MidPark, in deposits, 50 per cent, signed asking O'Connor, Comptroller of take immediate reopen the bank for unrestricted committee to the the petition. since the President's of March under when John Kelly, Allendale named receiver. On the named negotiwith Washington Thomas Meidama, James Krote, Hartman, John Jacob Olthuis, John Fogg. Garret Smith and Elsie Smith. group's request, set forth in the resolution, that receivership be terminated expeditiously possible this institution merged with larger the vicinity branch the same, bringing strength both, in the alternathat the be terminand the bank placed the the one of the banks in the vicinity, Finance Corporation the Federal Reserve that program upon the which the bank be licensed for unrestricted business." WOULD END SECRECY Backing its request for promight and asking all regarding its plan, the group cites steps the depositors license. cent the petition says, pressed their their and have pledged not porthe remaining per has large of doubtful by acceptable colDespite these accomplishments, the complains in its petition, has been placed in charge this The also complains that been impossible "obtain authoritative information from any source intentions the government respect either licensthis Daniel chairman of the meeting LeRoy Speakers the appointed appointed the Mayor and Assemblyman Thomas Doughty Friday night at the Municipal Building.

6. December 8, 1933 The Record Hackensack, NJ

Article from The Record, December 8, 1933

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IN DEFENSE QUIETNESS Depositors' Committee 'Anger,' 'Rumor' NOTES LOSS FACED In the face of criticism of the parent publicity actions the First National Bank Midland Park, the hands ceiver and March the chairman last issued the following statement: the Depositors First Midland Park, devolves upon make statement activities up this the situation the bank aiming its affairs. held Each meeting definite the the depositors the not "Rush to Press' the details its plans and doing would thwart the pose which it was "The Committee finally arrived directors) that no further progcould made figures the bank actually and finally at this writing that both the the tee have by receiver, Kelly, the figures the about placed United States Comptroller receiver's Judge exact obtained the condition bank. The figures be revealed short that the Directors, Depositors Committee approached angle the situation; up everything done; the have been asleep. concerned pushed important things interests of interested in the Bank. things emerging from. all the which must recognized inevitable: The first receivers wield unlimited the laws constituted. only the powers which appointed them. second apears that opened basis, certain be stone will place before government the strongest kind appeal the good people Borough will not suffer The circulation unfounded rumors; the making angry not get time and constructive planning.'

7. December 8, 1933 The News Paterson, NJ

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Liquor Licenses Issued in Borough Max Goodman, Morris Pochettini Get Permits for Sales Borough Clerk L. Yonkers issued two liquor licenses yesterOne went Max Goodman 253 Park avenue and the other Morris Pochettini, Vreeland The fee the first retail distribution license, $300 year and the second. retail $600 The licenses year. are good until February Yonkers said he granted the licenses under authority Monday night the mayor and borough coun- REV. FENN MAKES REPORT ON BANK CONDITIONS Francis R. Fenn, minister Trinity Reformed church, and chairman of the Depositors committee closed First tional Midland Park issued the following statement last chairman of the Depositors committee National Bank Midland Park. devolves upon statement pertaining committee's activities this date. and the the bank -aiming the solutions of its The committee held eight each held with view of some definite To the of the committee could press' the details and doing would the very purpose for which organThe finally arrived the conclusion conjunction with directors) that no ther could made until the figures of the bank were actually and up. writing that both the and depositors committee been informed the bank Mr. Kelly that the actual of the bank about be placed before the United States Ter by Judge Cross No exact on

8. December 8, 1933 The Morning Call Paterson, NJ

Article from The Morning Call, December 8, 1933

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MIDLAND PARK Depositors' Committee Head Issues Statement About Bank Francis R. Fenn, chairman place Rev. of First National land issued borough circulation the rounds the clam now going chairman of Depositors the National of Midland Park, devolves me constructive upon activities The and the situation charged bank alming the solution its affairs. eight before committee has held on Dec. with of some definite best interests of the the mittee 'rush the plaints all the details its plans and doing would the very purpose for committee finally arrived (in the directors) further could made The ures of the were finally set that both Those "It at writing thefts the directors the depositors informed bank receiver, Mr. actual figures of bank and Its about placed before United States William receiver's attorney, Judge HamilReformed ton this exact information can as De be obtained the the the The the figures to be his time. May be awaited that the the and have meeting angle of the disevery teresting to this time turbing platform has been that could be neither directors the have been asleep: semble, concerned have pushed other numbers. important things aside to serve interests of those interested in thing are emerging avenue all the which the first church receivers limited the They are An only to the which ectuive appointed them. second Teachers appears that opened on an basis, home of certain amount of money be stone be unturned of before our government the appeal the good people not suffer making angry statements uttering of bodstings anywhere. This for cool diliberation; consistent and planning." four borough young with recent fowl thefts Midland Park arraigned Judge Walter Weber Second criminal court, Hackensack, Chief Dyke announced Ohief Van Dyke has signed against following on by Captain Osenga Patrolman Millington: Albert Smith, Prospect street; Charles Camper, Joseph John Lakeview have during past six months, the police state. have will witnesses, Chief Van Dyke states. "Our Reformed View of the Bible. Relation to the topic discussed by Rev Jong, in the church, Godwin avenue, evening. is the new minister First Holland Reformed church, Center street, Midland Park, thoughts on the subject are interest. The public invited to attend the which no doubt as Rev. Jong speaker. double quartet of mixed voices, Hallelujah choral enwill render special song Rev. Koolstra, minister of the church, assist in the program. The Christian school on Maltbie associated in many the Christian Reformed although open to any persons who subscribe to its principles. important meeting of the exboard of Parentwill be held at Mrs. Joseph 84 Hill full attendmembers.

9. January 13, 1934 The News Paterson, NJ

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MIDLAND PARK National Bank Receiver Relates Condition of Local Institution John Kelly, in Public Statement, Cites Fact That Much of Assets Are Worth Half of Book Liquidation Best Plan John Kelly. receiver for the closed First National bank, condition of the stitution. issued yesterday, reveals for the first time publicly that although the assets of the book value, about more the fact that much of the about 50 per cent. their book value, showing that reality and will time before assets might more valuable, the best plan resort the statement, the date value, not and liabilities Of the assets listmuch bonds and notes. reported that the only bonds that are their full value today are Liberty and other States securiOf the assets the bank neither this type the list. list the bank does hold said on their price least Many of the notes held by the bank are from residents way can clear which pay off the obThese two types of assets (bonds and notes down the actual value of the assets large percentage. Just how large not revealed. that part the the statement bonds Kelly declined to make statement with release the statement other than the "figures speak themasked by the writer the bank, in figures, had enough assets than take liabilities. Kelly said that he wished explained thoroughly that figure of the value" only, and does not take injo consideration the that the bonds and notes held by bank off value least 50 other he one case where figures do Included in the statement the cost which has cost since September Operation of the bank under the conservators from March amounted to report shows. The report, full, follows: Assets Assets at date suspension (book value, not actual), $506.assets acquired since suspension (book value. not total, Total assets to be accounted for: Cash collected from cash collected from additional assets, $32.32: total cash collected from assets stock assessment, $88,442.63. Offsets allowed on assets, $16.400.15. Losses charged On assets, Uncollected assets, $394,795.89: uncollected additional assets, $76.84; maining uncollected assets, $394.872.73. Total assets accounted for Liabilities Secured liabilities date of suspension, Unsecured liabilities date of suspension, total liabilities this Secured and preferred liabilities offset. unpaid secured liabilities (both paid and unpaid) unsecured liabilities paid or proved. total liabilities counted for Collections Collections from all sources: collected from assets stock above includes assets of conservacash collected from interest, premium and rents. cash collected by held trustee for total collections to be accounted for. Disbursements every character: Secured and preferred liabilities paid (including dividends), receivership. penses cash in hands of ceiver and $35.collections counted for. JOHN KELLY, Receiver.

10. January 13, 1934 The Morning Call Paterson, NJ

Article from The Morning Call, January 13, 1934

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MIDLAND PARK Receiver Issues Statement On Condition of Closed Book Value of Assets Exceed Liabilities, But Kelly Explains That Much of Assets Is Only Worthy Fifty Per Cent. of Par. Release of "statement of condition" of the closed First National bank of Park today, shows for the first time publicly that though the assets the bank, are about the the fact much of the are worth much than their book value shows the reality "in the red" and will be some time assets might become more valuable. John Kelly, the bank receiver who took charge on Sept. 15 last, the "statement of condition" assets at date of suspension (book value, actual) of $506.and liabilities Of the assets listed much bonds and notes. reported the only that are up to their full value today are Liberty and other United curities. Of the assets of the bank in bonds neither of type included the list. The the bank are said to be far below their par value. Of the notes held by the bank many of them are from residents who cannot off the obligations. These two types so-called "assets" alone, said, cuts down the actual market present day value "assets" by very great percentage, how great not revealed. felt, however, that much the in collected assets" in the statement in bonds and notes. Receiver Kelly would make no statement conjunction with the release the statement other than that "the figures speak for themselves." In answer to question propounded this paper's reporter in figures, would appear that the bank enough assets to more than take care its liabilities. Kelly said he wished plained that the figure the assets "book value" and as such does take into conthe fact that bonds and notes held the bank are off in value least fifty per cent. "In other words, said, "here one where figures do interesting to note in the statement that the of receivership Sept. 15 and this will to put rest in the borough many rumors that the receivership the bank would costly. stated federal receiverships have never case been some noteable state receiverships, in this section. That the expense of receivership reasonable shown in that the expenses of the two conservators since March last when the bank closed listed at $4,What release of the statement will mean was asked Receiver Kelly stated that merely to show the condition of the bank as of Dec. 30, 1933. Midland Park pupils at Ridgewood high school football and awards during chapel, yesterday. Letters for football went to John Taylor Stagg manager of the team, and Football went to Walter and James Wehrell. Mr. and Mrs. Vaecava, of the are the proud parents son, Donald, born Monday, Christ Chapel Boys' club will give prty the Girls' club members tonight in the parish house. Mrs. R. W. Maurer. of La Grange, Ill., has returned home after here with parents, Mr. Mrs. George Jackson, Center street. meeting the congregation the Midland Episeochurch called for Tuesday, Jan. 30, the minister, Rev. R. The will elect lay member and member for the annual Three trustees term of three to be Arthur Jacob replacing Kleiand Lambert Klopman. board stewards elected take the place Charles Archer, Miss Fleta Christopher, Miss Virginia Evans, Ryer Flaker. Mrs. Ryer Flaker. Mrs. Barton Green, Hartman, Lawrence McGuill, Mrs. Lawrence McGuill, Snyder, Warren Terhune. and Warren Officers of the board of trustees and the official board will also occur.

11. January 25, 1934 The News Wyckoff, NJ

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BANK DEPOSITORS ARE ASSESSED The news coming officially from Washington relative to the plan to levy an assessment of 100 per cent on the par value of each share of stock held by shareholders of the First National Bank of Midland Park was a shock to many, although this had been discussed from time to time It was not believed it would actually occur. This will affect eighty-two stockholders who reside in the borough and in nearby municipalities, and that it will seriously affect some is certain. John J. Kelly who has been in charge of the bank as for the past few weeks, stated that he had received this order from J. F T. O'Conner, comptroller of the currency at Washington after an official and detailed statement had been sent him which satisfied him that the assets of the bank were not sufficient to pay its liabilities in full and that therefore it was necessary to levy this assessment against the stockholders. Stockholders have been informed that assessments are due and payable Feb. 13. 1934. but they were further informed that an ex. tension would be given to anyone of them who pays twenty per cent. of his liability under the assessment on or before that date and who gives written agreement satisfactorily guaranteed to pay this with an additional twentyfive per cent on or before March 13: a third on or before April 13 and the remainder on or before May 13, 1934 Failing to keep this agreement will give Mr. Kelly the right to start suit after Feb. 13, against any stockholder who omits payment.

12. January 26, 1934 The Record Hackensack, NJ

Article from The Record, January 26, 1934

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POSTPONE BANK MEETING The meeting the insolvent First National Bank Midland Park, scheduled night Municipal Building in Midland Park, has been postponed stated this morning No date was set for another meetThe stockholders planned the John Kelly, 100 their by O'Connor, Comptroller of the Currency.

13. June 11, 1934 The Record Hackensack, NJ

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Midland Park Bank May Release Funds Shortly Depositors Of First National Can Look For Substantial Payment, Kelly Announces Depositors of the closed First National Bank of Midland Park can anticipate news as to the payment of a very substantial dividend this week, it was intimated today by John J. Kelly, bank receiver, and Hamilton Cross of Ridgewood, attorney for the receiver. AWAITS REPLY Cross has been in communication with Treasury Department Washington, in regard to payment depositors and he stated feels word from the Treasury officials will occur "within week, and the payment "will be a very substantial In the last "statement of condition" of the bank for the quarter ending March Kelly, showed cash on hand $52,315.10. This amount has now been augumented by sale about $75,000 bonds and the total amount has provided sum from which first payment in the liquidation proceedings will be paid. bank closed March 4, 1933 and John W. Robertson was When Robertson died William H. W. Gerdes replaced him Then Sept. 15. 1933, John Kelly of Allendale named as receiver. and Gerdes went back to his position cashier. Hamilton Cross was named attorney. Since that time Kelly has gone over the bank records completely and after first three months at the bank issued report the Department D. On the basis of this report the Comptroller the Currency, decided that the bank be liquidated. In order to bring in money to make up fund for protection of depositors, he ordered 100 per cent levy on the $50,000 stock held by eighty some odd stockholders large of this has come and the for final payment has passed, suits are being prepared against those still in default Kelly has paid off number of preferred creditors in his eight months at the bank and has everything in shape that payment dividend depositors is now possible.

14. June 12, 1934 The News Paterson, NJ

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Wehrell Cabin Is Scene Party Park Youths Midland Entertain Fellow Students and Walter sons Mrs. William Wehrand Paterson avenue entertained of their fellow Ridgewood high at Lake Mr. and Mrs. Frank Foley the Mr. Foley is were popular member of the faculty of rent Ridgewood High This Janice present Day, Beatrice Bowen, Gene Slavack, Virginia Johnson, Betty Doherty, Mary Hession. Janet Rich- erine ards, Miriam Austin Ruth Best. Archer, Aaron San. Billy Parisi, ficers Stage and Herb Rader. The marriage of Miss Elizabeth Herbert Weygant, daughter Mrs. Elizabeth M. Weygant. 34 avenue, and John Randolph HIH, son of Mr. and Mrs. H. Hill, of 614 its Cliff street, occurred Saturday afternoon at the home with the Mrs. Adolph Weaver. pastor the Reformed church. Depositors of the First Na tional Bank of Midand Park can news to payment very substantial dividend within week according to statement made by Judge Hamilton Cross, attorney the bank receiver, John Kelly, of The Larry Fellowship of the Methodist Episcopal church sponsored successful strawberry festival and cake sale on Saturday afternoon and evening on the church lawh. Those charge were: Mrs. Arthur Chamberlain, Mrs. Rudy Haan, Dorothy Ackerson. Eleanor Ihler, Mildred Terhune. Henry Van Omen. Betty Green. Clark and John Jacob Smith's double quartet, of Midland Park, presented gram the Star of Hope Mission. Paterson. Sunday Members the group are Smith, Henry Bush Garret Smith, William H. Miller, Herman Haxen Cornelius, Abram and Henry Ten Kats The Altar Guild of Christ chapel will meet this afternoon at the home of Mrs. Joseph Haarsch, Godwin avenue. Mrs. Herbert Payne, community health and Dr. Thompson. borough health officer, conducted the annual clinic for pre-school children. Only six the children had been against diptheria, Mrs. Payne The annual exhibit, showing the work of the pupils, attracted crowd of more than 200 to the school. Principal M: Hartman and members of the faculty were on hand to greet the visitors. The hearing charges of Charles Dondero, of Goodwin avenue, against Frank McPeck. of Ridgewood assult and battery til June 20. in Hackensack roma Dunn. McPeck's asked for the postponement. number of members of the Woman's attended the state Federation pienie in Federation Park, on the Hudson. and Mrs. James O'Keefe and daughter. Lockets, of Los Angeles, Calif. visiting with Mr. O'Keef's parents on Goodwin avenue. Bernard Bowen and Orie Yonkers, viewed the races Langhorne, Pa., on Saturday The officers and teachers of the Methodist Episcopal church Sunday school will meet at the church tonight. Johnny VanderMeer, borough baseball flash, pitched six innings relief role for the Scranton Miners Sunday against Wilkes Barre New league game allowing only one run. Bloomer, starting pitcher, was knocked out of the the third, and was credited with the loss. William De Witte, berough relief director, announced that relief headquarters in the municipal building would be open on the third eighteenth day month. In case of necessity, Witte can be reached at home on Chestnut street or business address, Cross avenue. The Franklin and Park, Henry recently admitted the United States and Loan

15. July 20, 1934 The Record Hackensack, NJ

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PREPARE CHECKS FOR DEPOSITORS Midland Park Bank Receiver Announces Initial Dividend Dividend checks that will total being prepared the the closed First National Bank Midland Park. Receiver John Kelly stated yesterday supplies received from Treasury and the undertaken by the bank staff. will take least two weeks do job, said. When these checks are ready deposwill call for them the bank Godwin and Cross date to set by Kelly and announced through the The checks be for sixty-five each individual's deposit total at the bank. WALDWICK COUNCIL TO MEET The Waldwick Mayor Borough Council will meet tonight Council room the MuniciBuilding for their meeting. special committee, comprising Councilmen Rafferty, and Lightell will change the by-laws which will three Councilmen and the Mayor, Councilmen in the absence of the Mayor, The matter of progress on improvework on Borough streets will gone reports heard by Councilman Bush. chairman the read committee.

16. July 22, 1934 The Sunday News Ridgewood, NJ

Article from The Sunday News, July 22, 1934

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BANK STARTS ON DIVIDEND CHECKS Making out of dividend checks to depositors of the closed First National Bank of Midland Park has been started by the bank staff Receiver John J Kelly announced Thurdsay The checks will be made out to pay sixty-five per cent of each individual depositors deposit at the bank and in total will amount to over $175,000. It will take about two weeks to make out these checks it is indicated. To secure them it will be necessary for depositors to call at the banking house, Godwin and Cross avenues. When to start calling for the checks will be announced by Mr. Kelly through the press he has indicated.

17. July 26, 1934 The Morning Call Paterson, NJ

Article from The Morning Call, July 26, 1934

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MIDLAND Statement Issued Bank Receiver By Shows $32,375 Collected From Stockholders Of Institution John Kelly, receiver the closed First National Bank land Park, yesterday released for the third statement of the bank of June 1934. bank suspended March 1933. Kelly named receiver of the bank on September 15, 1933. The shows that the $50,000 stock the bank stockholders, the collected Suits instituted many cases force collection of the out. The collections accounted for, show figure of

18. August 25, 1934 The Record Hackensack, NJ

Article from The Record, August 25, 1934

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BERGEN BANK 1 OF OBTAIN R. F. C. Authorizes $65,000 For Midland Pk. First National NO DISBURSEMENTS 25-The struction nouncing activities for June reports authorizations for loans five New Jersey banks and trust companies totaling $631 The authorizations follow The First National Bank of Midland Park ceiver. $65,000; the Palmyra National Bank Hudson and receiver. the Union City tional Bank. and First National Bank and Woodbridge With the of that First National Bank and Trust Com. pany of Woodbridge. part the amounts had been disbursed June 30. inclusive The Industrial Mortgage Loan Corporation of Trenton, was thorization for three loans in amounts $90,000 and $50,000 none of which had been disbursed June 30 The Corporation authorized loans preferred three New Jersey institutions Orange In. vestment Inc. East on the Savings Investment & Trust of East Orange: the Llewellyn Cor. poration. Montclair. on the preferred stock of the Bank Mont. clair and the Bay Shore Realty Com. pany. South Amboy $100.000 the preferred stock the First National Bank of South Amboy No part of had been disbursed up to June