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ship September 9, 1933, 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. Disbursements during receivership, including offsets allowed, aggregated $102,682 which represented 97.54 per cent of total liabilities.
The First National Bank of Mineral Wells, Texas, in receivership October 27, 1933, 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. Disbursements during receivership, including offsets allowed, aggregated $12,352 which represented 18.55 per cent of total liabilities.
The First National Bank of Stronghurst, Illinois, in receivership July 17, 1931, 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. Disbursements during receivership, including offsets allowed, aggregated $30,297 which represented 33.44 per cent of total liabilities.
The First National Bank of Tracy, Minnesota, in receivership April 29, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $408,377, which represented 71.01 per cent of total liabilities. Unsecured depositors received dividends amounting to 65.13 per cent of their claims.
The Peoples-First National Bank of White Hall, Illinois, in receivership March 20, 1930; disbursements, including offsets allowed, to depositors and other creditors aggregated $345,636, which represented 74.36 per cent of total liabilities. Unsecured depositors received dividends amounting to 69.77 per cent of their claims.
The Commercial National Bank of Wilmington, North Carolina, in receivership January 31, 1923; disbursements, including offsets allowed, to depositors and other creditors aggregated $1,474,760, which represented 55.05 per cent of total liabilities. Unsecured depositors received dividends amounting to 25.68 per cent of their claims.
QUIDATED AND FINALLY CLOSED DURING THE MONTH OF OCTOBER, 1935
Receivership: First National Bank, Thief River Falls, Minn. Date of Failure: 9-12-33. Total Disbursements Including Offsets Allowed: $ 845,805. Per Cent Total Returns to All Creditors: 101.24. Per Cent Dividends Paid Unsecured Depositors: 109.75 Citizens National Bank, Appleton, Wisconsin*: 6-23-33. $ 407,307. 99.64. 34.67 First National Bank, DeLand, Florida: 7-12-29. 939,072. 62.01. 33.85 Burnet National Bank, Burnet, Texas: 2-18-32. 60,684. 93.05. 93.04 First National Bank, Carey, Ohio: 10-12-31. 200,486. 97.03. 96.83 Citizens National Bank, Laurel, Montana: 1- 4-23. 146,762. 39.54. 6.07 First National Bank, Brushton, New York: 12-22-31. 608,665. 74.64. 71.96 First National Bank, Langdon, North Dakota: 6-14-29. 136,200. 55.43. 45.02 Citizens National Bank, Monessen, Penn.*: 4-17-31. 49,639. 48.09. 48.1 First National Bank, Mineral Wells, Texas*: 10-27-33. 12,352. 18.55. 18.56 Commercial National Bank, Wilmington, North Carolina: 1-31-23. 1,474,760. 55.05. 25.68 First National Bank, Tracy, Minnesota: 4-29-31. 408,377. 71.01. 65.13 First National Bank, Stronghurst, Ill.*: 7-17-31. 30,297. 33.44. 32.66 Peoples-First National Bank, White Hall, Illinois: 3-20-30. 345,636. 74.36. 69.77 Merchants National Bank, Clinton, Iowa*: 9- 9-33. 102,682. 97.54. 59.27 * Receiver appointed to levy and collect stock assessment.