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The First National Bank In Receiver's Hands Like a thunder clap from a clear sky came the announcement last week Thursday, that the First National Bank of Oak Harbor had been put into the hands of a receiver by the department of banking It was generally believed, and still is, that the officials of this bank were carefully and surely working their way out of weeks all the conditions necessary for 100% opening would be fullfilled. W: C. Hoch, of Delta, Ohio, was sent here to take charge, last Friday morning, aspreceiver, and the bank is now going through the process of liquidation. However, efforts are being made to establish a re-organization, or do something to relieve the situation. Mayor Carstensen called meetings of leading citizens, and together with Wm. Timmerman, is active in the interest of depositors and stock holders, and he tells us that everything possible will be done to prevent loss by depositors and stockholders. "And," he added, "I believe there is hope that we may succeed; at any rate no stone will be left unturned in our efforts. At meeting of the stockholders, we learn later, at which 35 of the 50 stockholders were present, a committee was selected consisting of Theodore Witt. W. R. Tabbert, Wm. Timmerman, Morton Neipp and L. L. Carstensen. This committee is to go over the affairs of the bank, get a detailed report, formulate a re-organization and take the steps which may be and then present request to the Government for permission to re-open the bank.