Ashland National Bank

Episode Information

Episode UID: 201001593
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 20100 national
Charter Number: 2010
Start Date: September 22, 1932
Location: Ashland, Kentucky (38.478, -82.638)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 88b54a4c79d26079

Response Measures

None

Receivership Details

Date receivership started: 1931-10-07
Date receivership terminated: 1932-02-20
OCC cause of failure: Economic conditions

Events (5)

1. July 9, 1872 Chartered

Source: historical_nic

2. October 7, 1931 Receivership

Source: historical_nic

3. February 20, 1932 Restored To Solvency

Source: historical_nic

4. September 22, 1932 Receivership

Source: historical_nic

5. September 22, 1932 Receivership

Newspaper Excerpt: The Ashland National bank of Ashland, Ky., in receivership Sept. 22, 1932, the liabilities of the institution having theretofore been assumed by another bank.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1935 Tampa Bay Times St. Petersburg, FL

Article Text

DEFUNCT BANK RECEIVERSHIPS ARE CONCLUDED Thirteen Liquidations Finished; One Institution Returned to Solvency The Comptroller of the currency, J. F. T. O'Connor, today announced the completion of the liquidation of 13 receiverships and the restoration of one receivership to solvency during November, 1936, making a total of 173 receiverships finally closed or restored to solvency since his last annual report to congress dated Oct. 31, 1934. Total disbursements, including offsets allowed, to depositors and other creditors of these 173 institutions, exclusive of the 12 restored to solvency, aggregated $43,967,785, or an average return of 72.74 per cent of total liabilities, while unsecured depositors received dividends amounting to an average of 60.12 per cent of their claims. The Woodridge-Langdon Savings and Commercial bank of Washington, D. C., in receivership April 9, 1934; restored to solvency Nov. 11, 1935, all creditors having been paid 100 per cent principal. Liabilities Transferred The Ashland National bank of Ashland, Ky., in receivership Sept. 22, 1932, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. The creditor bank, from dividends and other sources, received 100 per cent together with interest in full amounting to 7.31 per cent. Disbursements during receivership, including offsets allowed, aggregated $505,942 and the stockholders received $27,203 together with the assets remaining uncollected. The First National bank in Ashton, Ia., in receivership Oct. 31, 1933; depositors and other creditors were paid 100 per cent with interest in full amounting to an additional dividend of 8.78 per cent. Total payments to creditors, including offsets allowed, aggregated $97,912 and the stockholders received $4,367 together with the assets remaining uncollected. Depositors Get 100 Per Cent The First National bank of Oakland, Neb., in receivership Sept. 18, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 7.712 per cent. Total payments to creditors, including offsets allowed, aggregated $236,610 and the stockholders received $8,216 together with the assets remaining uncollected. The Hamilton County National bank, of Cleves, O., in receivership Nov. 6, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 6.516 per cent. Total payments to creditors, including offsets allowed, aggregated $552,149 and the stockholders received $5,118 together with the assets remaining uncollected. The First National bank of Bishop, Tex., in receivership Oct. 15, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $124,768, which represented 82.65 per cent of total liabilities. Unsecured depositors received dividends amounting to 72 per cent of their claims. North Dakota Bank The Bottineau National bank of Bottineau, N. D., in receivership June 23, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $188,460, which represented 54.79 per cent of total liabilities. Unsecured depositors received dividends amounting to 27.93 per cent of their claims. The First National bank of Randolph, Ia., in receivership Sept. 8, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $62,774, which represented 88.85 per cent of total liabilities. Unsecured depositors received dividends amounting to 86.5 per cent of their claims. The First National bank of Middleport, N. Y., in receivership Dec. 30, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $403,947, which represented 76.42 per cent of total liabilities. Unsecured depositors received dividends amounting to 63.22 per cent of their claims. The First National bank of Gasport, (Continued on Page 13)