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BANK PAYS PORTION OF TIED-UP MONEY Receiver of First National at Sweetwater Releases $64,000 to Depositors. 40 per cent. dividend is being paid by the First National bank of Sweetwater turning loose that has been tied up since the bank closed its doors last November George Ogden. of Knoxville receiver for the closed Other follow and while Mr Ogden will the bank will eventually pay dollar for dollar its depositors.
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SWEETWATER MAN SUED For Bank Asks $1400 From Robert Edgmon Robert of Sweetwater suit filed Federal Court today by George Ogdin, federal for the First National Bank of The sues for judgment for His sets out that 28 cashed two checks, one for $800 and for half hour before board of directors closed the The receiver claims that had "personal of bank's at the time he withdrew the money.
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PAY BANK DIVIDEND Receiver Orders 10 Per Cent For Sweetwater institution. Depositors in the defunct First National Bank of to get delayed Christmas presChecks representing 10 per cent dividend, amounting about $12,500, were being issued today, announced C. O. Carpenreceiver. The dividend is the third since the bank failed November, 1930, and raises dividend released to depositors to per cent, Carpenter said. George Ogden, former receiver, paid dividends of 40 and 25 per cent. The bank, when it was closed, deposits of about
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HOLSTON UNION BANK RECEIVER REPORTS KNOXVILLE, Oct. 12. Carpenter, receiver for the defunct Holston-Union National Bank, released his third quarterly report today showing that $4,086,370.94 has been paid to depositors. It revealed that approximately half the assets of the bank at the time it closed have been liquidated. but on the 100 per cent stock assessment of $750,000 total of $356,394 is still outstanding Because of an agreement for exchange assets with the Hamilton National Bank, which expires July 1, it was indicated that second payment to depositors would not be made until after then. A. first payment of 40 per cent was made about year ago. Carpenter is also receiver for the National Bank of Franklin, Tenn., First National Bank of Sweetwater and First National Bank of Kingston. Reports showed that depositors of the four banks, including the Holston Union, have been paid more than $4,500,000 on de$14.95 posits.