First National Bank (Havensville, KS)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
October 11, 1933
Location
Havensville, Kansas (39.511, -96.078)
Bank Type
national
Charter Number
5506

Metadata

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-10-11
Date receivership terminated
1935-05-29
Share of assets assessed as good
60.3%
Share of assets assessed as doubtful
36.8%
Share of assets assessed as worthless
2.9%

Events (4)

1. July 19, 1900 Chartered
Source
historical_nic
2. October 11, 1933 Suspension
Cause Details
The bank was placed in receivership; specific trigger for suspension not detailed beyond insolvency.
Newspaper Excerpt
The First National Bank of Havensville, Kan., was placed in receivership on October 11, 1933
Source
newspapers
3. October 11, 1933 Receivership
Newspaper Excerpt
The First National Bank of Havensville, Kan., was placed in receivership on October 11, 1933, and all depositors and other creditors were paid 100 per cent principal
Source
newspapers
4. October 11, 1933 Receivership
Source
historical_nic

Newspaper Articles (4)

Article Text

CONFESSES TO ASSAULT

Tool Maker Admits He Attacked and Killed Girl He Picked Up

KNOCKED UNCONSCIOUS

PEORIA, Ill., June 22 (AP)β€”Confronted by the torn and bloody clothing of his alleged victim, Gerald Thompson, 25-year-old tool maker, confessed, Acting Chief of Police Fred Nussbaum said today, that he ravished Mildred Hallmark, 19, and left her to die in a cemetery roadside ditch. The girl's battered body was found last Monday.

Thompson was taken into custody Thursday night on a tip allegedly furnished by someone residing in the same house. He was subjected to questioning more than 42 hours during which lie detector tests were used.

Nussbaum quoted Thompson as saying he offered the girl a ride in his automobile when he saw her waiting in the rain for a street car, knocked her unconscious with his fist, drove to the cemetery and assaulted her, and then threw her into the ditch.

The girl died of a broken neck, a coroner's jury reported.

Thompson was taken to the jail at Springfield, Ill., to thwart possible violence before the confession was announced.

The police said a diary found in Thompson's possession aided them in getting the alleged confession. They said it recorded thirteen or fourteen other attacks.

The alleged slayer was formally charged with murder.

Liquidation Finished During May of 14 Insolvent National Banks, Comptroller of Currency Reports

The Comptroller of the Currency J. F. O'Connor has announced that during the month of May, 14 insolvent national banks were liquidated, the receiverships thereby being financially closed, making a total of 65 receiverships either closed or restored to solvency since his last annual report to congress compiled as of October 31, 1934.

The First National Bank of Havensville, Kan., was placed in receivership on October 11, 1932, and all depositors and other creditors were paid 100 per cent of principal with interest in full at the legal rate amounting to an additional dividend of 6.1057 per cent.


Article Text

J. F. O'Conner has announced that during the month of May, 1934, 14 insolvent national banks were liquidated, the receiverships thereof being financially closed, making a total of 65 receiverships finally closed or restored to solvency since his last annual report to congress compiled as of October 31, 1934.

The First National Bank of Havensville, Kan., was placed in receivership on October 11, 1933, and all depositors and other creditors were paid 100 per cent principal with interest in full at the legal rate amounting to an additional dividend of 6.1857 per cent. Total payments to creditors, including offsets allowed, aggregated $62,006 and the stockholders received $754 together with the assets remaining uncollected.

The Montgomery County National Bank of Cherryvale, Kan., was placed in receivership on May 7, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $153,358, which represented 67.2 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 14.63 per cent of their claims.

The Commercial National Bank of Independence, Kan., was placed in receivership on March 14, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $4,488,385, which represented 84.4 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 76.41115 per cent of their claims.

The Billings National Bank of Billings, Okla., was placed in receivership on October 17, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $142,436, which represented 88.2 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 85.62 per cent of their claims.

The First National Bank of Tower City, N. D., was placed in receivership on December 10, 1929, and disbursements, including offsets allowed, to depositors and other creditors aggregated $57,197, which represented 73.7 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 62.18 per cent of their claims.

The First National Bank of Huntsville, Tenn., was placed in receivership on February 9, 1933, and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,314, which represented 70.8 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7 per cent of their claims.

The First National Bank of Milton, N. D., was placed in receivership on August 11, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $36,016, which


Article Text

The Comptroller of the Currency, J. F. T. O'Connor, has announced that during the month of May, 1935, 14 insolvent national banks were liquidated, the receiverships thereof being finally closed, making a total of 65 receiverships finally closed or restored to solvency since his last annual report to congress compiled as of October 31, 1934.

The First National Bank of Havensville, Kansas, was placed in receivership on October 11, 1933 and all depositors and other creditors were paid 100 per cent principal with interest in full at the legal rate amounting to an additional dividend of 6.1857 per cent. Total payments to creditors, including offsets allowed, aggregated $62,006 and the stock holders received $754 together with the assets remaining uncollected.

The Montgomery County National Bank of Cherryvale, Kansas, was placed in receivership on May 7, 1931 and disbursements, including offsets allowed, to depositors and other creditors aggregated $153,358, which represented 67.2 per cent of the total liabilities at rate of failure. Unsecured depositors received dividends amounting to 14.63 per cent of their claims.

Receive Dividends

The Commercial National bank of Independence, Kansas, was placed in receivership on March 14, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $4,438,335, which represented 84.4 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 76.4115 per cent of their claims.

The Billings National Bank of Billings, Oklahoma, was placed in receivership on October 17, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $142,436, which represented 38.2 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 35.62 per cent of their claims.

The First National Bank of Tower City, North Dakota, was placed in receivership on December 10, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $57,197, which represented 73.7 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 62.18 per cent of their claims.

70 Pct. Pay Off

The First National Bank of Huntsville, Tennessee, was placed in receivership on February 9, 1933 and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,814, which represented 70.8 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7 per cent of their claims.


Article Text

Many Insolvent National Banks Being Liquidated

The Comptroller of the Currency, J. F. T. O'Connor, has announced that during the month of May 1935, 14 insolvent banks were liquidated, the receiverships thereof being finally closed, making a total of 65 receiverships finally closed or restored to solvency since his last Annual Report to Congress compiled as of October 31, 1934.

The First National Bank of Havensville, Kansas, was placed in receivership on October 11, 1933 and all depositors and other creditors were paid 100 per cent principal with interest in full at the legal rate amounting to an additional dividend of 6.1857 per cent. Total payments to creditors, including offsets allowed, aggregated $62,006 and the stockholders received $754 together with the assets still remaining uncollected.

The Montgomery County National Bank of Cherryvale, Kansas, was placed in receivership on May 7, 1931 and disbursements, including offsets allowed, to depositors and other creditors aggregated $153,358, which represented 67.2% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 14.63% of their claims.

The Commercial National Bank of Independence, Kansas, was placed in receivership on March 14, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $4,488,385, which represented 84.4% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 76.4115 per cent of their claims.

The Billings National Bank of Billings, Oklahoma, was placed in receivership on October 17, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $142,436, which represented 88.2% of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 85.62% of their claims.

The First National Bank of Tower City, N. Dakota, was placed in receivership on December 10, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $57,197, which represented 73.7% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 62.18 per cent of their claims.

The First National Bank of Huntsville, Tennessee, was placed in receivership on February 9, 1933 and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,814, which represented 70.8% of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7% of their claims.

The First National Bank of Milton, North Dakota, was placed in receivership on August 11, 1932 and disbursements, including offsets allowed, to depositors and other creditors aggregated $36,016, which represented 50.4% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 23 per cent of their claims.

The First National Bank of Florence, South Carolina was placed in receivership on May 22, 1925 and disbursements, including offsets allowed, to depositors and other creditors aggregated $1,282,155, which represented 85.8% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 49.77% of their claims.

The First National Bank of Montezuma, Iowa, was placed in receivership on September 16, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $302,319, which represented 60.9% of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 57.84% of their claims.

The First National Bank of Ambrose, North Dakota, was placed in receivership on February 29, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $37,148, which represented 37.8 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 20.96% of their claims.

The First National Bank of Arlington, Georgia, was placed in receivership on March 8, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $59,642, which represented 57 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 32.55% of their claims.

The First National Bank of Mound City, Illinois, was placed in receivership on December 19, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $119,767, which represented 84.7% of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 82.57 per cent of their claims.

The First National Bank of Pepin, Wisconsin, was placed in receivership on July 23, 1926 and disbursements, including offsets allowed to depositors and other creditors aggregated $152,245, which represented 60.5 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 55.665 per cent of their claims.

The First National Bank of Laredo, Texas, was placed in receivership on November 30, 1931, the liabilities of the institution having heretofore been assumed by another bank. The Receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent or the aggregate sum of $136,817.