Third National Bank - New London, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10101
Charter Number: 10101
Start Date: January 8, 1932
Location: New London, Ohio (41.085, -82.400)

Metadata

Model: gpt-5-mini
Short Digest: 22c88480

Response Measures

None

Receivership Details

Depositor recovery rate: 84.2%
Date receivership started: 1931-07-20
Date receivership terminated: 1937-01-30
OCC cause of failure: Economic conditions
Share of assets assessed as good: 40.0%
Share of assets assessed as doubtful: 57.9%
Share of assets assessed as worthless: 2.1%

Description

Articles (1932 and 1934) refer to property transactions executed Third National Bank by receiver (New London). No articles describe a depositor run; the bank was in receivership and property being sold, indicating a suspension and permanent closure/receivership rather than a temporary run/suspension/reopening.

Events (5)

1. November 15, 1911 Chartered

Source: historical_nic

2. July 20, 1931 Receivership

Source: historical_nic

3. January 8, 1932 Receivership

Newspaper Excerpt: Third National Bank by receiver, to Richard Barry, New London, $2,500.
Source: newspapers

4. July 25, 1934 Receivership

Newspaper Excerpt: Deeds Third National by receiver Chas. Webster et al., New London, $1.
Source: newspapers

5. * Suspension

Cause: Government Action
Cause Details: Bank was in receivership (articles show transactions executed by receiver), implying suspension/closing under receiver/government action.
Newspaper Excerpt: Third National Bank by receiver, to Richard Barry, New London, $2,500.
Source: newspapers

Newspaper Articles (2)

1. January 8, 1932 The Sandusky Register Sandusky, OH

Article from The Sandusky Register, January 8, 1932

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Article Text

HURON CO COURT NOTES NORWALK Jan. following court cases are scheduled to be heard before Judge Irving Carpenter in common pleas court here next week:: Dominic Carnabucio vs. Beda Artino, et al. Lillian B. Volsard vs. Lewis F. Voisard. Ellen Jameson vs. Benj. Jameson. Harvey Kerr, et al. vs. Agnes Raszkowski, et al. Frances Klee vs. Faram Bureau Mutual Ins. North Central Ohio Cooperative Dairy Sales Assn. vs. Norwalk Dairy. Lester Lowery vs. Rodney D. Snook. Fred Dahs vs. Lyme Mutual Light & Power Avery Elevator & Grain Co vs. Lyme Mutual Power & Light Co. Charles Arpasi vs. Grace Aprast. Walter W. Hyde, et al. 'vs. Bert Arnold, et al. Carpenter Hears Case Judge Irving Carpenter in Cleveland this week under special assignment to hear the case of the State vs. the Cleveland law firm of Newcomb, Newcomb Nord. Charges are made by the Cleveland Bar Association that the defendant firm is guilty of soliciting cases contrary to law. Deeds Paul Tucker to John and Rose L. Doughty, Townsend, $1. Jos. C. and Mary A. Rossman to Union Central Life Ins. Co 104.06 acres in Peru, $4,314.30. Third National Bank by receiver, to Richard Barry, New London, $2,500. Geo. Ritz, deceased, to Chas. J. Ritz et al., affidavit. Louise A and Clyde H. Robinson to Chas. J. Ritz, 52.41 acres, Richmond, Wm. $1. H. Ritz et al.. to Charles J. Ritz et al., 101.266 acres in Richmond, $1. Geo. H. Hopkins to M. C. and Gladys L. Templar, Greenwich, $1. Probate Court Authenticated copy of will filed in estate of Isabella R. Warner. Proof of publication of notice of appointment filed in estate of Mary Bingham. Bond of $1,335 filed in Carolyn E. Runyan estate. Letters issued J. H. Kingman in Berd Kingman estate Short term inventory filed in estate Wilkins of Ethel Lydia Hubler estate. Bond $2,500 ordered. Preliminary notice of amount of assets filed in estate of Thomas Ball. Bond of $1,500 approved in Nettle Hubler estate.

2. July 25, 1934 The Sandusky Register Sandusky, OH

Article from The Sandusky Register, July 25, 1934

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Article Text

OHIO, Of Interest In Willard COURT NOTES Charles J. Langjahr asks judgment of $2,000 alleged due from Arthur Taylor, executor of the estate the late Lovina E Chapin, The plaintiff alleges the ledo. amount of the judgment asked due for services rendered the decedent. He represented court by Derby and Rowley Carpenter. Settle Death Claim case Henry Young. administrator of the estate of the late George the Mutual Trucking Co. of Cleveland, setticment of $800 has been made on be. half of the estate of the decedent. fatally hurt few was years ago truck wreck at Townsend Center. The wrecked truck demolished a general store the southwest corner of the square. Dissolution Asked Attorney Earl Miller has filed dissolution pleas court here Dan Smith, Norwalk Finance Co. and Carrie Smith The, plaintiff has been member the Norwalk Finance Co. about years. He asks for an accountIng. petition has been withdrawn from the files. Marriage License Howard W. Dykstra, manufacturer, and Alberta M. Rice, 24. both of Willard. Rev. Heffelfinger named to officiate. Work Half Finished County Bishop reports about half the county road that has been comgrading program pleted. Weather has been favorable. The of the work, probably. will be finisheed within the next month. The surface program has been interrupted by the Injunction suit filed to prevent the county from purchasing pressure tank outfit, including motor truck Easements The following the Ohio Fuel Gas Co.: John and Aggie Behringer and F. L. and Ruth W. Livengood. Certificate Alonzo S. Ketchum dec'd to Bertha Houghtlen. Affidavit 3: Frank B. Humbel, Sr., dec'd, to Frank B. Humbel, Jr., el al. Deeds Third National by receiver Chas. Webster et al., New London, $1. Ella and Edwin E. Little to Margaret V. Little et al, Norwalk, Murl and Jamie H. Miller to Martha M. Garner, The Bank of Vermilion by trusGuy and Blanche E. Camibell, $10, Norwalk, 43.47 acres. A list of farm radio programs for months of July, August, and September has just been published. Copies are request to the York state of agriculture at Ithaca, New York.