Article Text
Bank Receiver Takes Charge James W. Carpenter, receiver, has taken charge of the First National Bank & Trust Co., Cambridge City. Carbon Lumber Co.
5503. First National Bank & Trust Company (Cambridge City, IN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 70
- Charter Number
- 70
- Start Date
- February 25, 1933
- Location
- Cambridge City, Indiana (39.813, -85.172)
Metadata
- Model
- gpt-5-mini
- Short Digest
6e2968ab
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1933-10-03
- Date receivership terminated
- 1937-07-27
- Share of assets assessed as good
- 57.2%
- Share of assets assessed as doubtful
- 35.6%
- Share of assets assessed as worthless
- 7.2%
Description
The bank suspended payment on 1933-02-25 (Article 3). A receiver (James W. Carpenter) had taken charge by Oct 13, 1933 (Article 1), and the receiver was administering claims into 1934 (Article 2). No article describes a depositor run prior to suspension; the sequence is suspension then receivership/closure.
Events (6)
1.
August 25, 1863
Chartered
- Source
- historical_nic
2.
June 15, 1882
Chartered
- Source
- historical_nic
3.
February 25, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Bank suspended payments on Feb 25, 1933; suspension recorded by state Auditor/Attorney General notice
- Newspaper Excerpt
- that the First National Bank and Trust, Cambridge City, which bank suspended payment on February 25, 1933
- Source
- newspapers
4.
October 3, 1933
Receivership
- Source
- historical_nic
5.
October 13, 1933
Receivership
- Newspaper Excerpt
- Bank Receiver Takes Charge James W. Carpenter, receiver, has taken charge of the First National Bank & Trust Co., Cambridge City.
- Source
- newspapers
6.
March 22, 1934
Other
- Newspaper Excerpt
- The Receiver, James W. Carpenter The First National Bank and Trust Company again wishes the fact upon depositors... that the time for filing deposit claims limited March 29... Approximately 700 claims... Before Receiver can dividend to depositor, claim must be filed
- Source
- newspapers
Newspaper Articles (3)
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Article Text
FILE YOUR CLAIM Bank Receiver Warns But One More Week to Act The Receiver, James W. Carpenter The First National Bank and Trust Company again wishes the fact upon depositors, impress who have not filed for their held that the time for filing deposit, Alice claims limited March 29, than 10 Penny 700 claims Approximately chase unfiled. Before Receiver prize can dividend to depositor, claim must be filed for the There should be further delay Foss filing. you have balance account, Art file claim. You cannot your Hicks. receive dividend unless you the claim. claims not filed by that are date, they may be disallowed. schools Mrs. Young, Mrs Abiram Boyd, Mrs. Ethel Middleton, Mrs. John Mrs. Ray Cornell invited guests the Wednesday Bridge club at the home of Mrs. Max Feemster, Wednesday noon. Mrs. Willard Petro on the program with an interesting paper for the Tuesday club of Spiceland the home Mrs. Pickering that place, The Sunday school board of the Presbyterian met with Miss Gertrude Routh, Monday evening Discussion of Sunday school work and social time was the program for the evening.
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Article Text
NOTICE TO DEPOSITORS Pursuant to Section 9 of Chapter 33. Acts of 1032, Page 146, it is the decision of the Auditor of State and the Attorney General, that there was on deposit with the First National Bank and Trust, Cambridge City, which bank suspended payment on February 25, 1933, the following public funds classed as new money Wavne County $0.13 Tackson township, Wayne county 80 Cambridge City, civil town... 5,932.60 Cambridge City Public Library 655.38 Cambridge City-Jackson T-wnship Schools 10.991 58 Ten days after this publication, if there is no objection, the Auditor of State will issue his warrant for the above amount FLOYD E. WILLIAMSON, Auditor of State. PHILIP LUTZ, Jr., Attorney General. STATE OF INDIANA