17694. First National Bank (Richwood, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9199
Charter Number
9199
Start Date
March 24, 1931
Location
Richwood, Ohio (40.426, -83.297)

Metadata

Model
gpt-5-mini
Short Digest
7d3f99cd

Response Measures

None

Receivership Details

Depositor recovery rate
36.5%
Date receivership started
1931-04-17
Date receivership terminated
1937-05-11
Share of assets assessed as good
34.6%
Share of assets assessed as doubtful
43.0%
Share of assets assessed as worthless
22.3%

Description

The First National Bank of Richwood suspended business in late March 1931 and a receiver (D. P. Anderson) was appointed by the Comptroller of the Currency; the bank remained closed and in receivership with subsequent liquidation actions through 1934. OCR gives varying suspension dates (March 23, March 24, and one OCR as March 1, 1931); March 23–24, 1931 is used as the suspension date because it appears in contemporary local reports.

Events (4)

1. July 21, 1908 Chartered
Source
historical_nic
2. March 24, 1931 Receivership
Newspaper Excerpt
Mr. Anderson was appointed receiver by the comptroller of the currency of the United States. D. P. Anderson, receiver of The First National Bank at Richwood, ... (suits and recovery actions reported thereafter).
Source
newspapers
3. March 24, 1931 Suspension
Cause
Government Action
Cause Details
The Comptroller of the Currency appointed a receiver and the bank suspended payments (suspended business following official action).
Newspaper Excerpt
the bank suspended business on March 24 last, and Mr. Anderson was appointed receiver by the comptroller of the currency of the United States.
Source
newspapers
4. April 17, 1931 Receivership
Source
historical_nic

Newspaper Articles (11)

Article from Marysville Journal-Tribune, May 2, 1931

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Church Announcements Asbury Preaching 10 Sunday school at instrumental music. vited. First English Lutheran. Sunday school, Otte, superintendent. Morning worship with sermon the pastor, Missionary Daughters meet home of Miss Ruth the 110 E. Seventh street, evening. Ladies' Ald and Missionary will meet Thursday afternoon ety o'clock at the home of Harry Burns. 326 East Fifth street Union services for May will at the First English Lutheran held church, Sunday evening, May McCoy will The Rev. Please note the date. The Brotherhood meets home Daum, street, Tuesday evening, May 12 Catechetical Junior May ior, Saturday, May Congregational. Church school. Richard Thrall. superintendent. Morning worship. In pastor's absence Dr. Charles Coulter, of Delaware, will be minister. Dr. Coulter guest preached in the church on number of occasions and always most acceptably. 6:30, Christian Endeavor ing. St. John's Lutheran in the Settlement. German service with Sunday school at 10 Sermon topic "The Way of Salvation. Service in German the chapel on South Main street at m. The Central Ohio Conference meeting at St. John's next week Divine services in English held on Tuesday evening at o'clock. Sermon by Rev. Walter Pohl, of Parkersburg, W. Va., the topic: "What Does It Mean be Christian?" Confessional service for Holy Communion at with dress by Rev. F. Docter, of Lancaster, Ohio. The Ladies' Aid Society meets Thursday afternoon. Glad Tidings Tabernacle. Services, Sunday, m. Services, Sunday, m. Sunday school, 9:30 m. Monday evening, cottage meeting, 7:30. Tuesday night, prayer meeting the church, 8:00. Thursday, preaching, m. Friday evening, Our Lady of Lourdes. Sunday, May 3, mass and benediction at Presbyterian. 9:30. Sunday schol. J. H. Kinkade, superintendent. Morning worship. Sermon by the pastor. 6:30, Sunday Evening Club. Betty Galloway, devotional leader. 6:30, Christian Endeavor. Hubert Miller, leader. Trinity Lutheran. Sunday school at 9:30. Divine worship at 10:30. The pastor will speak on the subject, "God is speaking to us in His word. How are you treating Convention of Brotherhoods in Emmanuel church, 80 Markison avenue, Columbus, afternoon and evening. Meeting of Junior Luther League, Tuesday evening at 8:00. The Ladies' Missionary Society meets Thursday afternoon at 2:00. Study hour for Sunday school teachers, Thursday evening at 7:00 Meeting of Relief Committee, Thursday evening at Church of the Nazarene. NOTE. Sunday school, 9:30 D. Anderson, receiver of the Rev. Bolin, Delaware will First National Bank of Richwood. preach Sunday at 10:30 m. and Ohio, has brought suit in common m. Everybody invited. pleas court against Coons and Prayer Thursday, Earl McMahon, partnership firm. Methodist Episcopal. per cent from May 1930, until Sunday school. paid, and for costs. The money is Morning worship. Sermon claimed due on promissory note. the pastor. The bank suspended business on 6:30, Epworth League. March 24. last, and Mr. Anderson 6:30, Junior League. was appointed receiver by the 7:30, Evening worship. Sermon comptroller of the currency of the pastor. United States. Robert Allen Monday, Official board meet- plaintiff's counsel. Read Acts 24-26. L. McCoy, former cashier of Allen Center Baptist. the First National Bank of Richm., Sunday school wood, has been made defendant in Wednesday evening, suit brought by D. Anderson, ing. Leader, Mrs. Autha LeMaster. STRAND CHANGES TIME FOR STARTING SHOWS The new Saturday night schedstarts at the Strand tonight. Through the winter time the show opened at 6:15, but from now on, through the summer, there will be two shows. The first show will start at o'clock and the second o'eleck. The schedule will be the same as through the week. "Millie" is the name of the show touight, starring Helen TwelveNo lady that ever loved home and children should miss


Article from Marysville Journal-Tribune, May 2, 1931

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COURTHOUSE DOINGS HELD FOR STEALING Sheriff William Rausch went Richwood, Friday evening and arrested George White and Charles Holt, charged with stealing sheep from Marion county farmer. They were brought here to the county jail, and were later taken to Marion by officials of that place to answer to the charge. SUES ON ACCOUNT. The Electric Shop has brought suit in Justice John H. Kinkade's court against Willis Richman to recover $10 with interest at per cent. from January 10. 1931, and costs. The money claimed due on account. The case will be heard next Tuesday at 10 o'clock. Porter Porter are plaintiff's counsel and Constable Mike Murphy served the papers. LICENSE TO Don Williams, 21, farmer, son of Norman Williams, and Miss Mildred Trout. 23. telephone operator, daughter of Earl Trout: both of Richwood. The Rev. E. Penhorwood performed the ceremony. William T. Reynolds, 25. dredge operator, son of Edward Reynolds. and Miss Ethel Burgoon, 27. teacher. daughter of Charles Burgoon: both of Richwood. Rev. Simms, of Marysville, performed the ceremony. FINAL ACCOUNT FILED. Nettie F. Kayser, of Dayton, ministratrix of the estate of her mother, Mrs. Clara A. Jordan, deceased. has filed her first and final account in the probate court. The amount chargeable is MUST PAY WEEK. John W. Marks on Friday ordered by Judge Allen Contribute $3 per week towards the support of his minor child, Dewey Everett Marks. aged three months. Marks' wife, Florence Marks. was granted decree of divorce on grounds of gross neglect of duty. SUES ON FOUR J. Langstaff, of Claibourne township has been made defendant in suit brought by the receiver of The First National Bank at Richwood. D. Anderson, to recover $1403.24 with interest at per cent from April 30, 1931, until paid, and for costs. The money is claimed due on four promissory notes. Robert F. Allen, of Richwood. is plaintiff's counsel. SUES FOR $600. The Claibourne Finance Com pany has brought suit in common pleas court against John E. Penhorwood, Vesta Penhorwood. and A. Coons to recover $600 with interest at the rate of per cent per month from July 28. 1930, and costs. The money is claimed due on note. The note is secured by mortgage farm machinery. horses, hogs, and cow. Plaintiff asks that this chattel property be sold and the proceeds applied on the claims. Fred McAllister, of Richwood. is plaintiff's counsel. to recover $223.06 with interest at receiver of the above named bank, to recover $5158.72 with interest at per cent from April 30, 1931. and costs. The money is claimed due on several promissory notes. Robert F. Allen, of Richwood, plaintiff's counsel. GRAND MONDAY. The grand jury will meet here Monday morning at 9:30 for the purpose of investigating from 12 to cases. A number of the cases felony charges, and the accused parties are under arrest and in jail. It may take two days before the jury will make its report. The petit jury meets week later.


Article from The Marion Star, June 6, 1931

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Richwood Bank Receiver May Accept Compromise International News Service COLUMBUS June mission to accept an offer of $557 as compromise payment on an account of $887 due from the estate of Stanley Weish was granted in federal court here today to D. P Anderson, receiver for the First National bank at Richwood, by Federal Judge Benson W Hough.


Article from Richwood Gazette, August 13, 1931

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Irregularities In Union Co. Reports Traffic Lights in Richwood Are One Cause for ComplaintOther Causes Covering an examination of records of Union county villages from September, 1928 to April 1931. report made public recently by State Auditor Tracy charged that A. W. Miller owes the village of Magnetic Springs $1,811 as treasurer of the village. The report stated that the money belonging to the village was on posit in the First National bank of Richwood to Miller's credit when the bank suspended business on March 23. Charges were also made that $733 of the village funds of Richwood were illegally paid to Phipps for drillfire wells, because of the disregard of the state law requiring competitive bidding and the awarding of a contract when the amount involved exceeds $500. For similar reason it was ruled that $569 of the village funds were illegally paid to the UnitElectric Supply Co. for installation of traffic lights. Among other alleged illegal payments was one involvong $888 for poor relief, which the report said the Claiborne township trustees owed the Richwood village treasury. The payments should have been made by the township, the report contended.


Article from Marysville Journal-Tribune, January 21, 1932

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DOINGS BANK RECEIVER ERINGS SUITS D. P. Anderson, receiver of The First National Bank of Richwood, has taken judgement on a cognovit note against C. B. Phelps, Rich wood for $8,153.18 with interest at 8 per cent from January 20. 1932. and costs. Robert F. Allen, of Rich wood, is plaintiff's attorney. Mr Anderson as receiver has also brought suit to recover money on three other cognovit notes, an other one against C. B. Phelps for $170.28 with per interest from January 20, 1932, and costs; also two against George Y. Arthur, one for $3,225.67 with 8 per cent inter est from January 20, 1932, and the other one for $2,997.38 with per cent interest from January 20, 1933 and costs. Mr. Allen is attorney for the receiver in all four of the cases. CASE IS CON INUED. The suit of Bessie Levy, of Cleve land against William Zollman of this city, to recover $10,000 damages as result of an auto accident, which was to have been heard at Delaware on Tuesday, has been postponed indefinitely. John W. Dailey is Mr. Zollman's at torney. * DONOHUE TO PAY HALF. Clayton Donohue changed his plea of not guilty to that of guilty of being implicated with Ross Covy in taking three cases of Lash's Biters from Braun's store room in East Fifth street, where Harry Martin was formerly in business and was assessed half of the costs, and has agreed to pay for half of the costs. Covey's hearing takes place Friday afternoon before Jus tice J. H. Kinkade. TO FILE PETITION. In the suit of D. P. Anderson, receiver of The First National Bank of Richwood L. J. McCoy and others, the plaintiff is given leave to file his supplemental petition instanter. RECEIVER PAYS CLAIMS. C. W. Sloop, receiver for Luther Laughrey, has been ordered to pay the following ciaims out of chattel property sold, in the suit brought against Laughrey by The Claibourne Finance Company of Richwood J. M. Cushman, auctioneer, $17.38; D. E. Ogan, clerk, $10; The Richwood Gazette, advertising, $7.50; Don Taylor, Owen Beem and Guy Prettyman, $3 each as appraisers. The chattels sold for $816.27 PROCEEDS DISTRIBUTED. Proceeds have been distributed in the sale of the George W. East m-an farm for $3000 to The Federal Land Bank of Louisville, as follows: Court costs, $135.67; taxes, $1044.16. The balance of the money goes to the purchaser, leaving due The Federal Land Bank of Louisville on its judgment $6537 with interest from January 20, 1932. Any liens of B H, Snell and the superintendent of banks of Ohio in the matter of the liquidation of the Mt. Victory Bank by virtue of its judgments and levies are extinguished and cancelled by the sale and distribution.


Article from The Union County Journal, November 7, 1932

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GENERAL NEWS OF THE COURTS JOTS SHOWING WHAT IS GOING ON IN THE TEMPLE OF JUSTICE Real Estate Transfers William Rausch, sheriff, to Fed. eral Bank of Louisville, 173.99 acres in Jerome, $4,000. John L. Barker to John Streng, 23 acres in Paris, $1. Donald Hoskins to A. Hoskins, 60.97 acres in Jackson, $1. Appraisement Filed The estate of Ida E. Herd, deceased, of this city, has been ap praised at $2,872.24. Bert Jolliff, E. Anderson, and Robb were the appraisers, and Cora H. Knight was appointed executrix of the tate. Sarah Willis Will The will of Sarah T. Willis, late of Taylor township, has been submitted to Probate Judge Carrie Hornbeck for probation. The will was dated January 1922 and was witnessed by Edward W. Porter, She left to her two children John and Mary, the sum of All her goods are to be sold and divided equally among her brother, John Thompson and her two cousins Mary and Charles Thompson. All the rest of her tate also go to these three. She asks that her executor see that the proper lettering be inscribed on her family monument in Broadway cemetery. Judgment Rendered In the case of The Citizens Home Savings Co., vs. Emery M. Coe, al., the court has ordered judgment of $2,645.50 with per cent interest, to the plaintiff Foreclosure Ordered In the case of Anderson, receiver The First National Bank of Richwood, vs. W. Hooet al., the court has ordered ver, foreclosure to satisfy mortgages. Distribution Ordered The proceeds of the recent sale the case of Federal Land Bank of Louisville, VS. Jennie Holycross and Mrs. H. Zahn, were ordered distributed by Judge LeRoy Allen. The proceeds are to be distributed as follows: sheriff for costs and auctioneer fees, $66.11; and taxes, $110.36; the remainder, $3,823.33 is to be retained by the purchaser, The Federal Land Bank Receiver Discharged In the case of The Northwestern Mutual Life Ins., Co., vs. Oscar Park, et al., the receiver C. Walker has been discharged. Case Continued Treadwell M. Ealdwin appeared before Justice of the Peace H. Kinkade Saturday to answer to charge of non-support filed by his former wife, Beulah K. Baldwin He pleaded guilty to the charge and the case was continued to the 18th at 10 o'clock. The couple had been married about eight years and have two children, one five years of age and the other years. Mr. Baldwin applied di vorce in Franklin county, his home county, and was refused by the judge of that county. Mrs. later applied for the divorce in the same county and was granted. When the divorce was granted Mr. Baldwin was ordered pay week for each child and for support, and to date he $300 behind on his payments. Mr. Baldwin's father in Feb. of died and left his farm year equipment his wife, but Mr. Baldwin has been working the farms and says that after his taxes and every other urgent expense has been paid unable pay the amount due to his former wife. He says he willing take one child. Clifton Caryl is assistant attorney in the case and will be in full charge when the case is continued of this month.


Article from Richwood Gazette, November 10, 1932

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What Goes on in the Union County Courts Suits for Money and Other Matters Decided-Real Es tate Transfers (Marysville Journal) Real Estate Transfers William Rausch, sheriff, to Federal Bank of Louisville, 173.99 acres in Jerome, $4,000. John L. Barker to John Streng, 23 acres in Paris, $1. Donald J. Hoskins to S. A. Hoskins, 60.97 acres in Jackson, $1. Appraisement Filed The estate of Ida E. Herd, deceased, of Marysville, has been appraised at $2872.24. Bert Jolliff, J. E. Anderson and J. S. Robb were the appraisers, and Cora S. Knight was appointed executrix of the estate. Sarah Willis Will The will of Sarah T. Willis, late of Taylor township, has been submitted to Probate Judge Carrie Hornbeck for probation. The will was dated Januray 7, 1922 and was witnessed by Edward W. Porter and M. A. Southard. She left to her two children, John and Mary, the sum of $5.00. All her household goods are to be sold and divided among her brother, John Thompson, and her two cousins, Mary and Charles Thompson. All the balance of her estate is to go to these three. She asks that her executor see that the proper letters be inscribed on her family monument in the Broadway cemetery Judgment Rendered In the case of The Citizens Home & Savings Co. VS. Emery M. Coe, et al., the court nas ordered a judgment of $2645.50 with 7 per cent interest, to the plaintiff. Foreclosure Ordered In the case of D. P. Anderson, receiver of the First National Bank, of Richwood, VS. A. W. Hoover, et al., the court has ordered a foreclosure to satisfy mortgages. Distribution Ordered The proceeds of the recent sale in the case of the Federal Land Bank of Louisville, vs. Jennie Holycross and Mrs. P. H. Zahn, were ordered distributed as follows: costs and auctioneer fees, $66.11; taxes, $110.36; the remainder, $3,823.33, to be retained by the purchaser, The Federal Land Bank. Receiver Discharged In the case of the Northwestern Mutual Life Insurance Co., VS. Oscar IV. Park, et al., the receiver, C. L. Walker, has been discharged. Case Continued Treadwell M. Baldwin appeared be. fore Justice of the Peace J. H. Kinkade, Saturday, to answer to a charge of non-support filed by his former wife, Beulah K. Baldwin. He pleaded guilty and the case was continued to November 18th at 10 o'clock. The couple had been married about eight years and have two children, one five years of age and the other seven. Mr. Baldwin applied for a divorce in Franklin county, his home, and was refused by the judge of that county. Mrs. Baldwin later applied for a divorce in the same county and it was granted. When the divorce was given, Mr. Baldwin was ordered to pay $3 a week for each child, and to date he is $300 behind in his payments. Mr. Baldwin's father died in February of this year and left his farm and equipment to his wife, but Mr. Baldwin has been working the farm and says that after his taxes and every other urgent expense had been paid, he was unable to pay the amount due his former wife. He says he is willing to take one child. Clifton L. Caryl is assistant attorney in the case and will be in full charge when the case is continued on the 18th of this month.


Article from The Union County Journal, January 23, 1933

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GENERAL NEWS OF THE COURTS JOTS SHOWING WHAT IS GOING ON IN THE TEMPLE OF JUSTICE Real Estate Transfers Wm. Rausch, sheriff, to Turner, 30 acres in Paris, and same to Ida Henderson, acres in Paris. Wm. H. Andrews to Thomas Andrews, acre in Jerome, $1. Sloop to Leland Sloop and Morey Tanner, lots in Richwood, $1. Dora Hogue to Vergil Long, lots in Broadway, $1. The will of W. Thomas has been filed in the probate court. The hearing will be January To File Petition In Error In the case of Clayton Baldwin Broughton, the plaintiff has filed motion to file petition error, from the court of Justice of the Peace Kinkade. Suit For Divorce Charles Lester Davis has filed petition for divorce from his wife, Ruth Davis They were married March 1922 in Marysville and have no children. He charges gross neglect of duty and ertreme cruelHe says she very uncertain about getting meals. He says she would leave him and remain away for week or month at time and that she nagged him. He says that she moved household goods away while he was absent from home and that he has not seen or heard of her for more than ten years. Clifton L. Caryl is the attorney. Distribution Odered In the case of the Union County Savings Loan Company vs. Ralph Sschoenleb, et al., the sale of the property to the plaintiff is confirmed and distribution ordered follows: costs, $54.68; taxes, $36.78. There is still due the Union County Savings Loan Company Receiver's Allowed In the case of the Mutual Benefit Life Insurance Co., vs. John H. Jeffry et al., the receivers fee of $25 approved. Case Dismissed The case of Thompson VS. G. Weaver has been dismissed. New Appraisement Ordered In the case of Anderson, receiver for the First National Bank of Richwood vs. George Arthur, the reappraisement of the property has been ordered The property has twice failed to sell. Charged With Assault James Huffman was arrested his home on West Third street Saturday evening by Marshal John Schwartzkopf on charge of assault and battery against his wife and He was taken before Mayor Herd who bound him over to the grand jury under bond of $200. Mayor Issues Orders Mayor Herd has Issued orders that roller skating on the sidewalks and streets has to stop all over town and has ordered the police arrest any boy girl found roller skating. He has also ordered the arrest of any boy found shooting an air gun in town. Justice Gives Decision In the case of Broughton vs. Clayton E. Baldwin, Justice Peace H. Kinkade rendered an opinion in favor of the plaintiff Friday. The action was to secure possession of fifty acre farm Baldwin was occupying Held To Grand Jury Harold Crissinger of Plain City, who was arrested on charge stealing an automobile taken before Justice of the Peace Kinkade Saturday. He pleaded not guilty to the charge and was bound over to the grand jury under bond of $5000, which he was unable to furnish. He was placed in the county jail.


Article from Marysville Journal-Tribune, July 6, 1933

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COURTHOUSE DOINGS STUCKEY SUIT DECISION. In the case of J. G. Stuckey against L. F. Davis and others, the court heard the petition of the plaintiff and finds that the defendants, L. F. Davis, Lealy D. Davis, C. C. Mann, Mary A. Mann, A. W. Hoover, Frank Beeney, J. A. 101llott, Marion O. Stoll, Harry Creager, D. P. Anderson, receiver of First National Bank of Richwood, and The Northwestern Mutual Life Insurance Company are in default for answer or demurrer. The court finds that $1303.72 with interest at 7 per cent from May 24, 1933, is due the plaintiff from the defendants, C. C. Mann and Mary A. Mann. upon the promissory notes and mortgage set forth in the petition and judgment was rendered in favor of the plaintiff. The court also finds that L. F. Davis and Leafy Davis owe plaintiff upon the promissory notes and mortgage set forth in the petition in the sum of $3650.42 with interest from May 24, 1933, and judgment was rendered for same. Judgment also was rendered in favor of the plaintiff against C. C. Mann, Mary A. Mann, L. F. Davis and Leafy D. Davis in the sum of $158.56 with interest at six per cent from August 1, 1933 for taxes paid by plaintiff. Judgment was taken against C. C. Mann, Mary A Mann, L. F. Davis and Leafy D. Davis in the sum of $90.50 with interest at 6 per cent from December 22 for taxes paid by plaintiff. The court ordered the premises described in the petition in two tracts of land, one of 51.16 acres, the other of about 25 acrés, to be sold at sheriff sale unless the amounts found due the plaintiff are paid into the court three days after the court decree. Attorney C. A. Hoopes represents Frank Beeney; Robert F. Allen represents the plaintiff, J. G. Stuckey; Hoover & Smith of Bellefontaine represent Harry Creager; and Robert R. Allen represents D. P. Anderson. FILES IN BANKRUPTCY. Harry S. Coe of Marysville filed bankruptcy proceedings Wednesayj/liabilities $8,000, assets $2,600. The first meeting of creditors will be held July 17 in the office of Referee in Bankruptey John H. Kinkade. ASK COAL BIDS. The county commissioners authorized advertising for bids for coal for the Court House, County Jail, Infirmary and the Children's Home. The following amounts have been authorized to be purchased for the above places: 150 tons for the Court House; 40 tons for the County Jail; 125 tons for the Infirmary, and 90 tons for the Children's Home. The commissioners also authorized the purchase of a ten-ton road roller equipped with a scarifier at a price not to exceed $1,500. REVOKES DANCE LICENSE. Probate Judge L. W. Hazen announced Thursday that he had revoked the barn dance license given on May 1st to the Walter brothers in Allen Township. The license was given under protest, Judge Hazen said, and after a number of complaints and a complete investigation he decided to revoke the license. The judge further said that he didn't believe that he would issue any more license for barn dances. BOYS RELEASED. Jesse Williams, aged 16, and Leonard Hinton, aged 14, of near Mt. Victory, who were arrested on complaint of Lorene Coder and charged with the theft of four turkeys valued at $5 were released by Probate Judge L. W. Hazen on Wednesday afternoon in the custody of Mr. Brewer, step-father of the Williams boy. The boys, now wards of the Union County juvenile court, will be sent to reform school If any further complaints are received here, the judge said.


Article from Marysville Journal-Tribune, February 23, 1934

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TO DISTRIBUTE MONEY. In the case of D. P. Sanderson, receiver of the First National Bank of Richwood. VS. A. W. Hoover and others, the motion of attorneys for D. P. Sanderson and of attorneys for Frank Beeney for an order of distribution of the balance of the money in the hands of the sheriff obtained from the sale of a tract of 47.85 acres, was sustained by the court. The court ordered the sheriff to distribute from the sum of $361.22 the following sums: $21 to the clerk of court for costs; $278.10 to the bank receiver and $62.12 to Frank Beeney. Try local stores first.


Article from Richwood Gazette, July 5, 1934

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FIRST NATIONAL BANK RECEIVER IS OUSTED Anderson, who has been acting as receiver for the First National Bank, of Richwood, which closed its doors, March 1, 1931, has been quested to hand in his resgination by the comptroller of currency, to take effect at once. Wm. V. Goshorn, Democrat, Galion, has been appointed in Anderson's place. We are advised that there is sufficient funds on hand to pay five per cent dividend.