Gary National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8333
Charter Number: 8333
Start Date: February 7, 1933
Location: Gary, West Virginia (37.364, -81.550)

Metadata

Model: gpt-5-mini
Short Digest: ceffa6d3

Response Measures

None

Description

Article (Bluefield Daily Telegraph, 1933-02-07) reports suits by the bank receiver arising from the closing of the Gary National Bank and references a receiver (Jack Bennett). No run or depositor gatherings are mentioned. Classified as a suspension/closure with receivership (government action).

Events (4)

1. August 17, 1906 Chartered

Source: historical_nic

2. March 14, 1931 Voluntary Liquidation

Source: historical_nic

3. February 7, 1933 Receivership

Newspaper Excerpt: suits which developed from the closing of the First National Bank of McDowell county and the Gary National Bank, Gary. ... brought by Jack Bennett, receiver for the bank.
Source: newspapers

4. February 7, 1933 Suspension

Cause: Government Action
Cause Details: Bank closed and a receiver (Jack Bennett) was appointed; suits brought by the receiver to collect notes from debtors.
Newspaper Excerpt: suits which developed from the closing of the First National Bank of McDowell county and the Gary National Bank, Gary. ... suits which Bennett seeks to recover ...
Source: newspapers

Newspaper Articles (1)

1. February 7, 1933 Bluefield Daily Telegraph Bluefield, WV

Article from Bluefield Daily Telegraph, February 7, 1933

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Article Text

WINS JUDGMENTS Awards Totalling $43,153.59 Made In Suits Brought By Bank Receiver; Testimony In Other Cases Heard In the United States district court judgments were awarded the plaintiff ten the suits which developed from the closing of the First National Bank of McDowell county and the Gary National Bank, Gary. Edward O'Toole was the principal defendant in the suits which were brought by Jack Bennett. receiver for the bank. All of the ten cases involved notes payable the closed Institutions. Upon disposition of these cases, the court opened hearings on eleven other which the receiver seeks collect double indemnity from the Evidence these cases submitted. and announced that counsel would submit briefs. Following are the defendants and amount of judgment entered Wednesday John Blakely O'Toole O'Toole Jr., $4,266.30; Helen M. and Edward John O'Toole Jr., Woods and Edward O'Toole Woods and $1,076.13: Neel and Edward O'Toole Edward O'Toole Helen M. O'Toole, Edward Jr., and R. H. $5,920.26. Edward O'Toole Sr. is made defendant most of the cases which Bennett seeks to recover double the amount of bank stock. contended in these cases that elder distributed the stock among children. who under therefore are not liable for double The suit of Mrs. Zelpha M. Lambert the Mutual Insurance company of New York was compromised.