Mount Healthy National Bank - Mount Healthy, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 14192
Charter Number: 14192
Start Date: March 6, 1933
Location: Mount Healthy, Ohio (39.234, -84.546)

Metadata

Model: gpt-5-mini
Short Digest: b30b07d1

Response Measures

None

Description

The article describes the First National Bank of Mount Healthy suspending and being taken over by the Comptroller on 1933-03-06, with liquid assets sold to a successor, the Mount Healthy National Bank, which is scheduled to open July 2, 1934 (article dated 1934-07-01 says 'tomorrow'). No run is described. Receiver and conservator actions are mentioned.

Events (6)

1. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Taken over by the Comptroller of the Currency; suspension of the First National Bank of Mount Healthy by federal authorities.
Newspaper Excerpt: The old bank suspended operations and was taken over by the Comptroller of the United States Treasury on March 6, 1933.
Source: newspapers

2. March 20, 1933 Other

Newspaper Excerpt: Mr. Hartrung, former Cashier of the bank, named Conservator by the Comptroller March 20, 1933. He continued in charge of the affairs of the bank until the Comptroller named Mr. Gorman, Receiver.
Source: newspapers

3. June 13, 1934 Chartered

Source: historical_nic

4. July 1, 1934 Receivership

Newspaper Excerpt: District Judge Robert R. Nevin yesterday authorized him to complete the sale of the liquid assets of the bank to the Mount Healthy National Bank, its successor, as provided by contract ... Receiver Gorman retains in his possession approximately $650,000 in what are known as frozen assets ... The old bank suspended operations and was taken over by the Comptroller ... Mr. Gorman, Receiver.
Source: newspapers

5. July 2, 1934 Reopening

Newspaper Excerpt: The new bank is to open for business tomorrow.
Source: newspapers

6. August 1, 1940 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. July 1, 1934 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, July 1, 1934

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Article Text

To Mount Healthy Bank. Upon application of Robert N. Gorman, receiver, as successor to Walter R. Hartrung, Conservator of the First National Bank of Mount Healthy, Ohio, District Judge Robert R. Nevin yesterday authorized him to complete the sale of the 11quid assets of the bank to the Mount Healthy National Bank, its successor, as provided by contract into with officials of the new bank by Conservator Hartrung last May. The new bank is to open for business tomorrow orn The Court's order was obtained by Mr. Gorman so that he could transfer the liquid assets of the old bank to the new bank and make possible the payment of dividend of 50 per cent to depositors of the old bank immediately. According to Mr. Gorman, the 11quid assets included $102,000 in cash and approximately $500,000 in gilt-edged securities of various kinds. Receiver Gorman retains in his possession approximately $650,000 in what are known as "frozen" assets of the old bank which he will endeavor liquidate within the next three years. Under the law he has five years within which to liquidate these assets and as these assets are liquidated additional dividend will be paid to the depositors. The old bank suspended operations and was taken over by the Comptroller of the United States Treasury on March 6, 1933. Mr. Hartrung, former Cashier of the bank, named Conservator by the Comptroller March 20, 1933. He continued in charge of the affairs of the bank until the Comptroller named Mr. Gorman, Receiver. Taxpayers Seek Review. Review of decisions of the United States Board of Tax Appeals affirming tax deficiency assessments made against them by the Commissioner of Internal Revenue, sought in petitions filed in United States Circuit Court of Appeals yesterday by A. L. Miller, 84 Garrison Avenue, Battle Creek, Mich., and Mrs. Ida W. Hawk, as executrix of Henry C. Hawk, 265 Maple Street Battle Creek. The deficiencies were assessed on income alleged have been received by Miller and Hawk in connection with sales in 1928 of portion of their stock in the newspaper published by them, and amounts to $13,213,02 and $17,690.52, respectively. Notice Of Tax Lien. T.J. Conner, Collector of Internal Revenue, yesterday filed in District Court notice of tax lien against the City Real Estate Improvement Company, 1121 Keith Building, for $445.66, alleged to be due as income tax for 1930.