5012. Hammond National Bank & Trust Company (Hammond, IN)

View Charter #8199 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8199
Charter Number
8199
Start Date
February 2, 1931
Location
Hammond, Indiana (41.583, -87.500)

Metadata

Model
gpt-5-mini
Short Digest
6da0d81396db1c1b

Response Measures

None

Receivership Details

Depositor recovery rate
47.5%
Date receivership started
1932-01-18
Share of assets assessed as good
22.1%
Share of assets assessed as doubtful
77.9%

Description

The Hammond National remained open during the Feb 2, 1931 run on the First Trust & Savings (it shipped cash and received $250,000) but later closed and was placed in receivership in January 1932 (receiver appointed Jan 19, 1932). There is no evidence the 1931 withdrawals forced Hammond to suspend then; the suspension/closure occurred in Jan 1932. OCR errors in articles corrected (e.g., 'First Trust and Savings' and dates).

Events (6)
1. May 2, 1906 Chartered
Source
historical_nic
2. February 2, 1931 Run
Cause
Local Banks
Cause Details
Run/closing of the First Trust & Savings bank prompted heavy withdrawals from other local banks including Hammond National; Hammond shipped currency from Chicago and received $250,000 to meet withdrawals.
Measures
Ordered shipments of currency from Chicago; received $250,000 delivery at noon to meet depositor demands.
Newspaper Excerpt
Our bank is in sound condition and will weather this storm...delivery of $250,000 at noon
Source
newspapers
3. January 1, 1932* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and was placed in receivership by the comptroller in January 1932; closure implies insolvency/liquidation rather than a temporary holiday.
Newspaper Excerpt
Turner, the comptroller of currency, today appointed receiver Hammond National Bank and Trust Company which closed several days ago.
Source
newspapers
4. January 18, 1932 Receivership
Source
historical_nic
5. January 19, 1932 Receivership
Newspaper Excerpt
George J. Nattkemper, receiver for the Hammond National Bank and Trust which closed its doors last February day that the of the currency had him authority pay out $200,000 depositors the cent dividend. Payment will begin tomorrow. (AP stories dated Jan 19 report receiver appointment.)
Source
newspapers
6. September 29, 1932 Other
Newspaper Excerpt
Depositors of the closed Hammond National Bank & Trust Co. will receive $200,000 in the form of a 10 per cent dividend, George J. Nattkemper, receiver of the institution, announced yesterday.
Source
newspapers

Newspaper Articles (19)
1. February 2, 1931 The Times Hammond, IN
Article from The Times, February 2, 1931

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STATE BANK EXAMINER IS PLACED IN CHARGE Calumet City State Bank Closes After Run Is Started This Morning The First Trust and Savings bank, of Hammond, closed its doors this morning pending an examination by representatives of the state banking commissioner. This action was voted yesterday at a special meeting of the board of directors. Following the closing of the First Trust, which is expected to be temthe Calumet City State bank, the only bank in this Illinois suburb its funds were on deposit in the First Trust. John Carroll, cashier of the Calumet City State bank. told The Times that representative of the auditor of public accounts of IIIIexpected to charge of bank today, probably operate Indiana banking thorities in working out the uation. President of City bank of Calumet City and former Cook (III.) bank capitalized sources the only bank at Calumet City. Withdrawals mond banks diately of the closing of the Trust current. In order prepared for the emercalls to Chicago and these promptly met. President H. Tapper and other officials of the Hammond bank no cause alarm in spite of the withdrawals from their accounts. "Our bank in sound condition this storm," Mr. Tapper at noon. "We had an immediate of currency from Chicago dent banks back People not to this situation which demands thought.' Louis vice president of Hammond said this morning's situation broke without warning but found his bank well prepared ready cash to meet depositors' demands and furof money shipther ments from Chicago reserves were ordered at once. DIRECTORS OPTIMISTIC Available the reinforced by delivery of $250,000 at noon. This sufficient to tide over the than Similar expressions of optimism the situation by William Leo Dr. Ostrowski G. Paxton, diO. rectors of the Hammond National. pointed out that most of the It visiting the had small people accounts and the total be great as might be would not expected from size of the crowd. In fact who waited line for time, stepped home they realized that being made the could handle NOT TO ON BANK Withdra from the First Trust and which had were due to resources needs of depositors and pressing not to on the bank, according to President Peter W. Meyn. Thomas D. Barr, chief state bank (Continued on Page Six)

2. February 2, 1931 The Times Hammond, IN
Article from The Times, February 2, 1931

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IS PLACED IN CHARGE The bank is capitalized has resources $500,000. the only Calumet from other Hammond banks heavy immediately of the closing of the First Trust In order to be for the emergency, cash were sent to Chicago and these were promptly met. President A. H. Tapper and other officials the National bank no cause for alarm in spite of the withdrawals from their "Our is in sound condition and this storm," said Mr. Tapper at "We had an immediate of currency from Chicago dent banks stand back of People should not allow to become this situation which demands thought." Louis Klitzke, vice president of the Hammond National, said this morning's situation without warning but it his bank well prepared to meet depositors' further of shipments from Chicago were ordered once. DIRECTORS OPTIMISTIC Available the bank reinforced by delivery $250,000 at noon. This was considered more than sufficient to tide over the emergency. Similar expressions of optimism the situation made by William Ahlborn, Leo Wolf, Dr. R. and G. Paxton, diO. of the National. It pointed out that of the people the bank had small accounts and the total withdrawals would not great might the size the expected from crowd. fact many persons waited in line time, stepped and returned when realized that being the clerks could handle NOT TO ON BANK Withdrawals the First Trust and bank, which had resources of were due to pressing needs of depositors and on the bank, accordnot to to President Peter W. Meyn. ing Thomas D. Barr, chief state bank (Continued on Page Six)

3. February 2, 1931 The Times Hammond, IN
Article from The Times, February 2, 1931

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STATE BANK EXAMINER IS PLACED IN CHARGE Calumet City State Bank Closes After Run Is Started This Morning The First Trust and Savings bank, of Hammond, closed its doors this morning pending an examination by representatives of the state banking commissioner. This action was voted yesterday at a special meeting of the board of directors. Following the closing of the First Trust, expected to be temporary, the Calumet City State bank, the bank in this Illinois suburb also closed, since some its funds were on deposit in the First Trust. John Carroll, cashier of the Calumet City State bank, told The Times that the auditor of public accounts of IIIInois was expected to take charge of bank today, and probably operate Indiana thorities in working out the situation. PRESIDENT President of the Calumet bank John mayor of Calumet City and former Cook county, The sources of $500,000. is the only bank at Calumet City. from other Hammond banks became heavy immediately after of the closing of the First In order be for the gency, were sent to Chicago and these were promptly met. President A. Tapper and other officials of the National bank saw no alarm in spite of the withdrawals from their "Our bank is in sound condition and will weather this storm," Mr. Tapper at noon. an immediate delivery of currency from Chicago and our dent banks stand back of us. People should not to this situation which Louis Klitzke, president of the National, morning's situation without warning but found his bank well prepared with ready cash to meet depositors' demands as further measure of safety, money shipments from Chicago reserves were ordered at once. DIRECTORS OPTIMISTIC Available of the bank was reinforced by delivery of $250,000 at noon. This sufficient to tide over the than emergency. Similar expressions of optimism the situation made by William Ahlborn, Leo Wolf, Dr. R. Ostrowski G. diO. rectors of the Hammond National. It pointed out that most of the visiting the bank had small people accounts and the total be great as might be would not from of the expected crowd. fact many persons waited in line time, they realized that being made the clerks as could NOT TO ON BANK First Trust and Savings bank, which had resources of $9,400,000, were due to needs of depositors and pressing not to on the bank, according to President Peter W. Meyn. Thomas D. Barr, chief state bank (Continued on Page Six)

4. April 4, 1931 The Times Hammond, IN
Article from The Times, April 4, 1931

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BOOSTS HAMMOND BANK & TRUST BUSINESS ACQUIRES Hammond Unemployment Body Swarms Before Trustee DEPOSITS ALLEGED Will R. Wood Continues to Stick By Lake County OF PEOPLES TEMPERATURE RED HELD Rockne Air Enthusiast DEPOSITORS' HOPES HINGE READS OF BODY FOR REGION POPULAR STATE BANK FOUND IN LAKE; BY POLICE ON BANK DECISION MONDAY LAWMAKER YESTERDAY County Commisioner Investigates the Case of John Hopkins Frank alleged by Trustee Myrtle last Lund for This Ando refused have angered alleged parents of Ando's wife, been Meara's fice. arrested yesterday after he Inflammathe Unemployment been resident this country only seven years and citizen. Meeting at 121 State street, Hammond, to voice their complaints against the office of North Township Trustee Myrtle Meara, about 85 members of Council of Hammond yesterday aired alleged grievances for several hours. One the chief complainants John Hopkins, 26 Douglas street, Hammond, the whose township poor relief case fully investigated this week Charles Gary. According Mr. Baran's investiHopkins receives township aid for himself, his wife, and an adopted at the rate His and daughter, who live with him and his wife, receive township aid at the Mr. Baran investigated the this tertaining and the latter's two from Detroit. IT DOING In other words, the township to two families living at the and was feeding Hopkins' relatives from Detroit. Mr. Baran asked Hopkins had against the relief, replied that he satisfied the butter, which he termed salty. And at the meeting yesterday, Hopkins voiced long list of grievances for the edification of the Unemployment Mrs. Meara pointed out this mornthat Hopkins and his family, including his and daugh(Continued from Puge Seven) Arrangements Between Two Institutions Consummated Today Providing stronger banking foundation Hammond, the Hammond National Bank and Trust company today aquired all the deposits of the new Peoples State bank of Hammond and thus boosted the deposits of the Hammond National approximately $3,000,000. The between two Institutions this morning after agreements had signed by the officers and directors both banks. The Hammond National bank now becomes one of the strongest institutions in this part of the state. listed the largest bank in township. PEOPLES DISCONTINUES marks the end begun about by the officers and directors of the Peoples State bank that inability their part to make satisfactory rangement for the completion their capital structure made It advisable to discontinue operations. A plan action then was agreed and after hours today, all the of the Peoples bank, sufficient its liquid assets to secure deposit liabilities, turned to the Hammond National Bank Trust company morning, officers the Hammond National Bank and will positors of the new Peoples State bank. They likewise have made rangements to honor checks drawn against accounts Peoples State pass books and check books will be these at once by the Hammond National. NO in changes the status of the Peoples Co-Operative State bank, ship. It involves only the new Peoples State bank, which acting receiver the old Co-Operative institution. The Peoples State bank, which is now by National, and to do on 11, 1930, and receiver the Peoples Co-OperaState The arrangement requires that the Peoples State bank be charged as and that Clyde appoint ceiver Monday morning carry the liquidation of the assets of the Peoples Co-Operative State bank. NEW RECEIVER MONDAY A receiver, is the report the Peoples State bank, liquidation from October 14, 1930, the present time, will be filed then. H. Sharpe, executive ident the Hammond National Bank and Trust company this morning said: "The officers directors of the Hammond National and Trust company public pleased to been of some help in this "Customers of the Peoples State bank be cordial interruption to their but with considerable augmented facilities at their "These times of mergers and consolidations in interest of the public quite much as for the benefit of business itself. We happy Peoples 'family' join family at this time." Donald Gavit, cashier the Peoples "We believe arrangements which made with the Hammond National Bank and Trust company only the best interests the depositors of the Peoples State bank, but for the best of the community as whole. "The directors of the Peoples State bank have utmost confithat their action in ring the deposit to the National Bank Trust company will meet with the approval of the Officers the Peoples State bank, will relinquish their positions the transfer today, are Stinson, Frank Mull, vicepresident; Ryan, vice president, and Donald E. Gavit, cashier. No transfer of employes from the Peoples the Hammond bank involved in the ment.

5. January 19, 1932 The Star Press Muncie, IN
Article from The Star Press, January 19, 1932

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NAMED BANK RECEIVER Turner. the comptroller of currency, today appointed receiver Hammond National Bank and Trust Company which closed several days ago. Turner has been receiver and liquidating agent for defunct banks in Joliet, expected to arrive here late this week

6. January 19, 1932 The Buffalo News Buffalo, NY
Article from The Buffalo News, January 19, 1932

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BANKLESS CITY USES ANCIENT MONEY PLAN HAMMOND Ind., Jan 19 An young out of by the his bank reached back through furnish this bankless city with financial house He Eddy Groth who employed in the closed Hammond National Groth much like financiers of old has set himself up as cashing and changing money for fees but ing within the law by not actually "We did $20,000 business the first day. he proudly The townspeople's faith in Groth's evidenced by the of men on his director-

7. February 20, 1932 The Llano Colonist New Llano, LA
Article from The Llano Colonist, February 20, 1932

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A RECORD YEAR FOR BANK FAILURES Bank failures reached a record total of 2,302 in the United States in 1931, according to figures given by the American Banker. Net deposits of $1,580.000,000 were involved Bank failures and mergers led to a reduction in the number of banks in the country to 20,700 at the end of the year, with deposits of approximately $50,000,000,000. With the increasing number of bank failures, the point has been reached where quite a number of cities are completely without banks. In Hammond, Ind., where there used to be seven banks, for instance, every bank has been closed, the last two to fail being the National Bank of Hammond and the State Bank. Only one bank was open for business last month in nearby Gary. Iowa City also joined the growing list of bankless midwest cities on January 20, as two banks closed there. In Urbana, Ill., a five-day "emergency holiday" had to be ordered by the mayor to halt hysteria brought on by bank suspensions in Champaign and Urbana. Meanwhile American bankers are taking alarm at the increasing number of depositors who seek safety in the government postal savings department, despite its low rate of interest. A recent letter from the chairman of the New York State Bankers Association to member institutions calls on them to bring pressure on Congress to curtail government expenditures and points out that it is wrong in principle that the government should operate a banking business in competition with privately owned institutions.. Deposits of government savings banks have increased thruout the United States since 1929 from $167,800,000 to $596,660,000 on December 31, 1931. This represents a new record, according to post office officials, being $68,000,000 more than on November 30, and almost three times the amount on deposit in November, 1930.

8. September 29, 1932 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, September 29, 1932

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Hammond Bank Receiver to Pay Out 10 Pct. Today [Special to The Indianapolis Star.] HAMMOND, Ind., Sept. George J. Nattkemper, receiver for the Hammond National Bank and Trust which closed its doors last February day that the of the currency had him authority pay out $200,000 depositors the cent dividend. Payment will begin tomorrow.

9. September 29, 1932 Evening Star Washington, DC
Article from Evening Star, September 29, 1932

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Depositors to Get Dividend. HAMMOND, Ind., September 29 (AP). Depositors of the closed Hammond National Bank & Trust Co. will receive $200,000 in the form of a 10 per cent dividend, George J. Nattkemper, receiver of the institution, announced yesterday. Nattkemper said the State controller of currency had authorized him to make the payment, which will begin today.

10. September 29, 1932 The Kokomo Tribune Kokomo, IN
Article from The Kokomo Tribune, September 29, 1932

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Dividend for Depositors Hammond, Ind., Sept. George receiver for the Hammond National Bank and Trust Co., closed Inst February, announced he would start distributing 10 per cent dividend today to depositors amounting to' $200,000.

11. September 29, 1932 The Evansville Journal Evansville, IN
Article from The Evansville Journal, September 29, 1932

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Receiver to Pay Dividend HAMMOND Ind., Sept. George Nattkemper, receiver for the Hammond National Bank Trust closed last February, announced would start distributper cent dividend today depositors amounting to $200,000.

12. October 7, 1932 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 7, 1932

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R.F.C.LOANS BARED DESPITE NEW PROTESTS Law Gives No Discretion to Withhold Report, Says House Clerk. By United Press WASHINGTON, Oct. 7. - New Reconstruction Finance Corporation loans aggregating $11,596,631.90 were authorized in August, it was revealed today in the report of the corporation made public by House Clerk South Trimble. Previously authorized loans were increased during August by $10,681,010, the report said, making an aggregate of $122,277,641.90. The report was made public by Trimble over protest of the finance corporation. Chairman Atlee Pomerene of the corporation on Sept. 29 protested to Trimble that publication was interfering with operation of the relief project, and should be stopped. Can't Be Withheld "The law does not give me any discretion to withhold these reports," Trimble answered. In the summary of loans' operations made public today the aggregate of $122,277,641 was divided as follows: Banks and trust companies, $85,057,605.43, including $7,773,900 to aid in reorganization or liquidation of closed banks. Building and loan associations, $12,294,188.87. Railroads. $12,798,383. including $5,691,449. to railroad receivers. Insurance companies, $3,708,700. Mortgage loan companies, $2,101.720. Federal land bank, $3,000,000. Loans Are Authorized The statement of loans authorized in August included the following: (X denotes that no part of the loan had been disbursed up to Sept. 21.) Indiana-Elkhart. St. Joseph Valley bank. $115,000: Hammond. Hammond National Bank and Trust Company (receiver). $155,000 (x). 5 per cent: Hüntington, the Citizens State bank. $64,304.56; Logansport. the Logansport Loan & Trust Company. $70,000 (X): Michigan City, the Peoples State bank. $20,000: New Albany. New Albany National bank. $15,000: Princeton. the Peoples American National bank of Princeton. $86,000: Rochester. United States Bank and Trust Company. $20,000: South Bend. the St. Joseph Loan and Trust Company. $170.000: Warsaw. Lake City bank $25,000 (X).

13. December 24, 1932 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, December 24, 1932

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BANK RECEIVERS PAY MILLIONS Depositors of 59 Closed Institutions Get $8,500,000 for Christmas. WASHINGTON, Dec. 23.-(P)-The controller of the currency played Santa Claus today, ordering more than $8,500,000 distributed immmediately the depositors of fifty-nine closed national banks. The amount was the largest disbursed in any month in recent times and compared with $3,000,000 in November. It brought the total for the year paid to to $106,000,000. The of the institutions will make the payments. One Indiana Bank Listed. The only Indiana institution listed was the Hammond National bank of The making special efforts to give merry Christmas the some of the money from the reconstruction finance corporation. This was done by pledging good assets of some of the suspended banks. The money will be repaid when the affairs of the banks are further liquidated. The money available for distribution and should be paid the depositors by tomorrow night. F. G. Awalt, the acting controller, said that any of them did not get would be because the depositor failed to call for his check. But he did not the location of the banks, nor the amounts being paid by each of them. The fifty-nine institutions among 1,000 suspended national banks being liquidated by the controller's office.

14. January 14, 1933 The Times Hammond, IN
Article from The Times, January 14, 1933

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REDUCES HAMMOND NATIONAL LIABILITY George J. Nattkemper Submits Report of His Stewardship Reducing total liabilities of the suspended Hammond National Bank Trust company by almost 66 per cent during the short time he has been receiver, George J. Nattkemper today submits a report of his stewardship as of December 1932. He shows that original liabilities time the closed, that the total had reduced to $1,828,817.88. complete resume of report follows: SALIENT POINTS cost the payable rediscounts payments Total 1932, amounting to all fees. the payment made of very amount, is not an expense of liquidation able such, but payment bank. In addition, this item to the partial of asset held. The actual to total shown This shows be Total value) amount 3,964,348.10 Total 1932) amount original liaremaining

15. January 14, 1933 The Times Hammond, IN
Article from The Times, January 14, 1933

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REDUCES Group Makes Report On Mortgaged Property HAMMOND RESERVE GROUP Discord Over Beer Bill DECLARE INCREASE PAYS HONOR TO And Sales Measure NATIONAL MORTGAGE IN POSTAL WM. SCHULTE Legislative Circles Think monopoly and portation for 15 Indiana LIABILITY will wreck demorratic Gov. McNutt's "HoneySALES ARE SAVINGS There objection the Officers Entertain for Conheavy penalties imposed upon home Over decision of Governor gressman-Elect at Party support George J. Nattkemper SubBY EUGENE J. CADOU straight retail sales Last Night ILLEGAL DEPOSITS evoked Walter mits Report of His Ind., Jan. Chambers, of Newcastle, democratic mittee of Three Lawyers In Report Make Some Recommendations Charges that 90 percent of mortgaged Lake county property is sold for less than the court judgment at sheriff's sales were contained in a report filed yesterday in the court of Superior Judge Roy Green by an unofficial committee of three Hammond lawyers. The report also charged that 90 percent sales about by large which Lake county Filed by Attorney Joe Conroy, Luther the report foreclosure county during recent has been illegal there has been no public reading of the IT IS The Bar association charged negligence not taking some steps to elimthe mortgage evil. report made the following in foreclosure where judgment over against certain defendants given, the fix and order the amount for which said may be offered for sale at sale. that every defendant who has been aggrieved by reason of deficiency judgments on sales real estate on orders sales, in real closure within the last bring proper to vacate the had in violation of Sec1926. AT SALE cases foreclosure where there deficiency at the by the sheriff, in real esate recomthat plaintiffs in those cases immediately file proceedings, the same within the time, alby law, to the records the proper court that rendered judgment and decree corrected entry as of the rendition of judgcompliance with said Section supra. Stewardship Reducing total liabilities of the suspended Hammond National Bank and Trust company by almost 66 per cent during the short time he has been ceiver. George J. Nattkemper today submits a report of his stewardship as of December 31, 1932. shows that original liabilities amounted at the time the bank 1932, that business the total had been reduced to $1,828,817.88. complete resume his report follows: SALIENT POINTS the secured and Total amount $950,604.35 Total 66,027.64 7,116.50 Expenses receivership amounting to all fees. Included especially this is amount made the claim liability of very large This therefore, is not an but made in of against the In addition, the amount of this item repaid the partial settlement asset held. total actual liquidation amount to with total income shown shows total earnings to be $7,116.50 the cost of actual expenses. The total Total value) amount Total 1932) amount original bilities 1,828,817.88

16. January 14, 1933 The Times Hammond, IN
Article from The Times, January 14, 1933

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REDUCES Group Makes Report On Mortgaged Property HAMMOND RESERVE GROUP Discord Over Beer Bill DECLARE INCREASE PAYS HONOR TO And Sales Measure NATIONAL MORTGAGE IN POSTAL WM. SCHULTE monopoly on and imLegislative Circles Think portation for brewers Indiana LIABILITY will wreck the demorratic party. Gov. McNutt's "HoneySAVINGS There also objection the SALES ARE Officers Entertain for Conheavy penalties imposed upon home moon" Is Over gressman-Elect at Party The apparent decision of Governor McNutt and to support George J. Nattkemper SubBY EUGENE J. CADOU straight tax Last Night ILLEGAL DEPOSITS Senator Walter S. [STAFF mits Report of His Ind., Jan. Chambers, of Newcastle, democratic Whether of senate chairman, predicted Committee of Three Lawyers Report Make Some Recommendations Charges that 90 percent of mortgaged Lake county property sold for less than the court judgment at sheriff's sales were contained in report filed yesterday in the court of Superior Judge Roy Green by an unofficial. committee of three Hammond lawyers. also charged that 90 The report percent of these sales brought large corporations which Lake county homes and business institutions. Attorney Joe Conroy, Luther and Sproat, the report also charges that every mortforeclosure Lake county during recent has illegal there been no public reading the IT IS NEGLIGENT Lake County Bar association is charged woeful negligence steps to mortgage The report made the following That in foreclosure projudgment certain given, that the chancellor order which said property be offered sale at sheriff's recommend that every defendant been aggrieved by reason of deficiency judgments sales of real estate orders sales, real estate foreclosure proceedings, had within the last years, have the attorneys represented them immediately bring proper proceedings to vacate the had in violation of tion 1926. DEFICIENCY SALE foreclosure deficiency at the by the sheriff, in esate mend that plaintiffs those file the same is within the time, allowed by law, to the records proper court that rendered and decree tune entry as of the pro date the rendition of such judgment in compliance with said Secsupra. Stewardship Reducing total liabilities of the suspended Hammond National Bank and Trust company by almost 66 per cent during the short time he has been receiver, George J. Nattkemper today submits a report of his stewardship as of December 31, 1932. He shows that original liabilities amounted the bank closed, January 1932, but business the total had been reduced resume his report follows: SALIENT POINTS cost payable $725,755.42. Total assets Cash 66,027.64 to legal fees. Included especially this total expense is the amount made the basis settlement claim involving liability of very large This amount. therefore, an expense of liquidation but in of the bank. In addition. the amount of this item repaid the asset actual liquidation amount $30,813.04 total shown of This comparison shows earnings the of actual expenses. Total amount 3,964,348.10 Total 1932) Total liabiliremaining 1,828,817.88

17. January 14, 1933 The Times Hammond, IN
Article from The Times, January 14, 1933

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REDUCES HAMMOND NATIONAL LIABILITY George J. Nattkemper Submits Report of His Stewardship Reducing total liabilities of the suspended Hammond National Bank and Trust company by almost 66 per cent during the short time he been receiver, George J. Nattkemper today submits a report of his stewardship as of December 1932. He shows that original liabilities time closed, January 1932, that close 31, 1932, the total been reduced resume his report follows: SALIENT POINTS the payable and rediscounts amount Total penses all legal attorneys' fees. Included especially this total the amount of made claim liability of very large This therefore, is not expense liquidation such, but made settlement of claim against the bank. In addition, the amount item repaid the partial settlement asset held. total liquidation therefore. total income shown This shows to be $7,116.50 the of actual The value) 3,964,348.10 remaining uncol1932) amount Total 3,004,876.46 liabilities 1,828,817.88

18. January 14, 1933 The Times Hammond, IN
Article from The Times, January 14, 1933

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REDUCES HAMMOND NATIONAL LIABILITY George J. Nattkemper Submits Report of His Stewardship Reducing total liabilities of the suspended Hammond National Bank and Trust company by almost 66 per cent during the short time he has been ceiver, George J. Nattkemper today submits report of his stewardship as of December 31, 1932. He shows that original liabilities amounted time bank January 1932, but that the close business 31, 1932, total had been reduced complete resume of his report follows: SALIENT POINTS earned and $725,755.42. Total Cash 7,116.50 Expenses to also all legal attorneys' fees. Included especially this amount made basis claim involving liability of very This is not expense of liquidation such. but payment in settlement against the bank. In the amount this repaid the partial an asset held. The total actual amount to total income shown shows total over actual allowed assets value) amount 3,964,348.10 1932) amount original

19. January 30, 1933 The Times Hammond, IN
Article from The Times, January 30, 1933

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STATE BANK REPORTS ARE PREMATURE Liquidating Agent of Bank Silent On Plans for Institution Reports that the suspended State Bank of Hammond would be reopened soon were characterized "premature" today by Theodore Moor, former cashier of institution, who now is serving as liquidating agent. have to this time," Mr. declared. When asked whether or not he had made application to the state charter board for charter, Mr. Moor repeated he nothing to at present. release an official announcement as soon as definite transpires," Mr. Moor said. This bank was closed January same time that the Hammond National Bank and Trust company operations, Mr. Moor appointed liquidating agent his institution by banking department. He has been liquidating assets since that time addition operating currency exchange in the banking quarters. Last summer he applied to the Finance for loan of $200,000 which to reopen Lengthy negobut definite reported that the curity the than the bank able furnish. Shortly after the institution placed in liquidation, the state banking in good shape and that the department would aid in plan to open the Anton Tapper president of the State Bank of Hammond until he became affiliated with the Hammond National Bank Trust company its president.