First National Bank (Lewisville, IN)

View Charter #5526 on SPMC View balance sheet

Episode Information

Episode UID
552601594
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
55260 national
Charter Number
5526
Start Date
October 7, 1932
Location
Lewisville, Indiana (39.807, -85.352)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7436ae46dba793f2

Response Measures

None

Receivership Details

Depositor recovery rate
54.4%
Date receivership started
1932-10-08
Date receivership terminated
1938-02-18
Share of assets assessed as good
46.9%
Share of assets assessed as doubtful
39.3%
Share of assets assessed as worthless
13.8%

Description

No contemporary article describes a depositor run; bank was closed and placed in receivership by federal examiner.

Events (5)
1. August 2, 1900 Chartered
Source
historical_nic
2. October 7, 1932 Receivership
Newspaper Excerpt
The First National Bank of this city was closed today and its affairs placed in the hands of a National bank examiner. ... Robert G. Hartman, receiver for the First National bank at Lewisville, has levied a 100 per cent assessment on the stockholders ... Comptroller of the Currency has on December 9, 1932, levied an assessment upon the stockholders of the First National bank of Lewisville, Ind., of 100
Source
newspapers
3. October 7, 1932 Suspension
Cause
Government Action
Cause Details
Closed and placed in hands of a national bank examiner by federal authorities (Comptroller/examiner appointment).
Newspaper Excerpt
LEWISVILLE, Ind., Oct. 7.—(AP)—The First National Bank of this city was closed today and its affairs placed in the hands of a National bank examiner.
Source
newspapers
4. October 8, 1932 Receivership
Source
historical_nic
5. December 9, 1932 Other
Newspaper Excerpt
the comptroller of the currency has on December 9, 1932, levied an assessment upon the stockholders of the First National bank of Lewisville, Ind., of 100. The assessment is the first step of the receiver in the liquidation of the bank.
Source
newspapers

Newspaper Articles (9)
1. October 8, 1932 Pittsburgh Post-Gazette Pittsburgh, PA

Article Text

Cumberland Licenses CUMBERLAND, Md., Oct. 7.—(Special.)—Marriage licenses have been issued here to Pennsylvanians as follows: Harper, Branson Lahne.....Cumberland Mollett, Zella Blanche.....Amaranth Mack, Alfred Kerr.........Virstondale McFeaters, Carrie Edna......Armagh Barsch, Edward Stanley......Saltsburg Filler, Olga Ella...........Chelsea Brewer, Paul Franklin.....Point Marion Wells, Harriett...Morgantown, W. Va. MID-WESTERN BANK CLOSED. LEWISVILLE, Ind., Oct. 7.—(AP)—The First National Bank of this city was closed today and its affairs placed in the hands of a National bank examiner. GOLD STOCK INCREASED. NEW YORK, Oct. 7.—(AP)—The gold statement of the New York Federal Reserve Bank today showed imports of $528,400 from Holland and $70,000 from France. Earmark releases totaled $349,900.

2. November 17, 1932 Rushville Republican Rushville, IN

Article Text

FORMER CASHIER IS NAMED IN COMPLAINT Hawley Hall, Missing Bank Official of Lewisville, Is Sued on Complaint. BANK RECEIVERS FILE ACTION FOR $6,548 New Castle, Ind., Nov. 17—Suit was filed in the Henry circuit court Wednesday by Robert G. Hartman, receiver for the First National bank of Lewisville against Hawley Hall, the missing cashier, on two notes and an overdrawn personal account in which the total sum of $6,548.01 is demanded. The complaint, prepared by George M. Barnard and Paul R. Benson, attorneys for the receiver, is in three paragraphs. The first paragraph seeks $528.68 in principal and interest on a note for $500 given the bank by Hall on February 8, 1932. The second paragraph seeks principal and interest amounting to $5,130.28 on a $5,000 note given the bank on July 19, 1932. The $5,000 note was payable in 90 days. The third paragraph sets out that Hall overdrew his personal account at the bank of which he was cashier in the sum of $489.05 and converted the money to his own use. The complaint alleges that Hall disappeared on September 23, last, and abandoned his duties as cashier. The total demand in the last three paragraphs of the complaint is $6,548.01, including attorney fees.

3. November 17, 1932 Rushville Republican Rushville, IN

Article Text

FORMER CASHIER IS NAMED IN COMPLAINT Hawley Hall, Missing Bank Official of Lewisville, Is Sued on Complaint. BANK RECEIVERS FILE ACTION FOR $6,548 New Castle, Ind., Nov. 17—Suit was filed in the Henry circuit court Wednesday by Robert G. Hartman, receiver for the First National bank of Lewisville against Hawley Hall, the missing cashier, on two notes and an overdrawn personal account in which the total sum of $6,548.01 is demanded. The complaint, prepared by George M. Barnard and Paul R. Benson, attorneys for the receiver, is in three paragraphs. The first paragraph seeks $528.68 in principal and interest on a note for $500 given the bank by Hall on February 8, 1932. The second paragraph seeks principal and interest amounting to $5,130.28 on a $5,000 note given the bank on July 19, 1932. The $5,000 note was payable in 90 days. The third paragraph sets out that Hall overdrew his personal account at the bank of which he was cashier in the sum of $489.05 and converted the money to his own use. The complaint alleges that Hall disappeared on September 23, last, and abandoned his duties as cashier. The total demand in the last three paragraphs of the complaint is $6,548.01, including attorney fees.

4. December 19, 1932 Rushville Republican Rushville, IN

Article Text

New Castle, Ind., Dec. 19—Robert G. Hartman, receiver for the First National bank at Lewisville, has levied a 100 per cent assessment on the stockholders and they have received notice of the assessment, which is their maximum liability under the law. The assessment is the first step of the receiver in the liquidation of the bank. The capital stock of the bank is $35,000 and the 100 per cent assessment would add another $35,000 to the assets. The assessment is due on January 16, according to the notice, but the stockholders will be permitted to pay in four installments, if they desire. "You will please take notice that the comptroller of the currency has on December 9, 1932, levied an assessment upon the stockholders of the First National bank of Lewisville, Ind., of 100

5. December 19, 1932 Rushville Republican Rushville, IN

Article Text

MUST ALL BE PAID BY NEXT APRIL 16 New Castle, Ind., Dec. 19—Robert G. Hartman, receiver for the First National bank at Lewisville, has levied a 100 per cent assessment on the stockholders and they have received notice of the assessment, which is their maximum liability under the law. The assessment is the first step of the receiver in the liquidation of the bank. The capital stock of the bank is $35,000 and the 100 per cent assessment would add another $35,000 to the assets. The assessment is due on January 16, according to the notice, but the stockholders will be permitted to pay in four installments, if they desire. "You will please take notice that the comptroller of the currency has on December 9, 1932, levied an assessment upon the stockholders of the First National bank of Lewisville, Ind., of 100

6. January 13, 1933 Tri-County Banner Knightstown, IN

Article Text

In the January 1933, edition of the New Castle an editorial states that the new Indiana bank bill will do away with the bank receivership racket; that while the law will apply to state only, the situation just as bad national banks. The editorial ther states that these receiverships are usually given to some fellow with political pull and without regard to the man's ability to settle up failed bank and pay off the depositors, and that has been good picking in times past and still that both state and national banks. The only experience we have had Henry county thus far with bank receivership the case of the Lewisville National Receivers for national banks are appointed by the Comptroller of the Currency, Washington, Robert man, of Noblesville, Indiana, receiver the bank at Lewisville, was, at the time his appointment, in charge five other national banks, at Noblesville, Sheridan, Farmland, Warren and Wilkinson, and had liquidated one other national bank at Sheridan. In addition to his experience receiver for national banks several years he had viously been national bank exam iner for some years. His appoint ment as receiver at Lewisville line with the policy of the Comp. troller's office to have trained men handle as many national bank ceiverships as practicable the same time in the same district with view of reducing the expense receivership. Mr. Hartman been an employe the Comptroller's office during all his service receiver for tional banks and only reasonable proportion of his salary has been charged to the banks for which receiver The amount charged against the bank for services as receiver of that bank year. Mr. Hartman has made good record receiver, the banks he has liquidated, and liquidating, having paid the positors full or substantial centages. As understand the new diana bank law proposes to adopt virtually the same system employed the Comptroller's office and give the state banking department the power appoint receivers for failed state banks and authorize that partment to conduct the liquidation such banks rather than to continue with the present system whereby ceivers for state banks are appointed the state as the editor the states, the uation with reference to receiver- ships of national banks is bad that of state nothing would be gained by passing law change the Indiana system to conform to that of the national government. The conclusion is that receiverships of national banks are handled much efficiently and economically more that Indiana has decided to improve conditions in the receivership of her state banks by adopting the system employed in our national banks. year, with not nickel for household expense, who said he could not live less. The committee also found high class automobiles supplied by the state officials, and in insome stances the state supplied and paid for the hire of chauffeur. Such graft beyond reason, no less than highway robbery, and we trust our able and conscientious friend, elected to conserve the interests of the taxpayer, will knock out such barnacles and supplant them with honest and capable officials.

7. August 17, 1933 The Star Press Muncie, IN

Article Text

BANK RECEIVER SUED FOR $3,200 Move to Secure Bonds in Lewisville Institution. Newcastle, Ind., Aug. suits were filed in Henry Circuit Court today by Althea Hall and Lutitia Hall against Robert Hartman, receiver for the First National Bank at Lewisville. The suits may determine the liability of the defunct bank for bonds left for safe keeping with the former cashier, Hawley Hall. Following the disappearof Hall some in bonds were missing from the bank, it leged. In the suit of Althea Hall, the plaintiff alleges that through the cashier, Hawley Hall, she purchased of Fourth Liberty loan bonds February 6, 1923. She paid the bank for these. The bonds were left at the bank for safe keepand when the interest became Mr. Hall cashed the interest coupons, depositing same to her account She alleges in her complaint that the bank was not authorized to sell these but that the bonds were sold by the cashier and the cash was turned into the bank's funds She asks for the sum of $2,200 and petitions the court to declare her preferred creditor. In the other suit, filed by Lutitia Hall, the plaintiff alleges that the cashier, Hawley Hall, purchased Fourth Liberty loan bond for her July, 1925. This bond was and was left at the bank for safe keeping. She alleges that the bond was sold and the money placed in the funds of the bank. She also petitions court that this be preferred claim. Mrs. May Holtsclaw Dies. Mrs. May Holtsclaw 54, widow John Holtsclaw, former auditor Henry County died at o'clock her home, 1216 Thornburg street, night She survived by one Mrs. Jones, Newcastle; five brothers, Ray Nicholson of Elwood. Verlin Nicholson of Richmond. Nicholson of Whittier, Cal., and George and Frank Nicholson of near Newcastle. Funeral servwill be conducted at o'clock Thursday afternoon the First Christian Church. Burial will be in Southmound Cemetery Allison Fox, 72. died this morning at his home at the corner of Broad and streets. survived by daughter, Mrs. Josie Raff, New Lisbon. and son, Orville Raff, of this city. brother, Charles Fox, resides in Muncie. Funeral services will be conducted Friday afternoon the Church of God. Albert Byrne, of Middletown, sumed the superintendency of the schools of Henry County today. Mr. Byrne was elected to this office earlier in the summer. He succeeds Jesse H Eilar, who served as superintendent of schools of the county for seven years. Mr. Byrne has been connected with the schools of Henry County for nine years, teaching the Middletown schools four years high school instructor and five years superintendent. He native of Spencer County, and served teachin the rural schools of that and Bartholomew counties before coming this section. He also taught Delaware County before coming Middletown. He attended the annual outing of township trustees and their families at Memorial Park today. 4-H Club Fair Opened. The Henry County 4-H Club Fair held at Memorial Park, opened with one of the largest attendances since the first fair three years ago The exhibits this year also are gratifying to the both in point excellence and in number. In the home department, exhibits by club girls have been awarded first, second and third places. In the boys' club department, exhibits of cattle, pigs, colts and ponies have been entered. dress revue featured the program tonight. These dresses were exhibits of the home economics partment. Another entertainment will given tomorrow night. Dairy and beef cattle were being judged this afternoon. Henry County will receive $6,949.20 in the first distribution of taxes derived from the first five months' operation of the new intangibles tax law, announced by the state board of tax commissioners today It said 25 per cent of this will go into fund and the remaining 75 per cent will be given to the various school units.

8. August 28, 1933 The Star Press Muncie, IN

Article Text

NEWCASTLE TEACHER GREENCASTLE BRIDE Miss Frances Bryan Weds Indianapolis Chemist. Newcastle, Ind., Aug. Frances Margaret Bryan, daughter of Mrs. Dessie Bryan, of Greencastle and George Meredith Poole, son of Mr. and Mrs. M. M. Poole. of Indianapolis. were united in marriage the Gabon Memorial E. Church in Greencastle Saturday The Rev. Dr. Gough, head of the public speaking of DePauw University, the Mrs. Poole been in the Newcastle city schools for several years. She graduate of DePauw University and member of Alpha Omicron Pi sorority Mr. Poole graduate of Purdue and member the Phi Kappa Psi fraternity He the Ingersoll Steel and Disc company. Sues Bank Receiver. Anstella Strattan has filed suit in Henry Circuit Court asking that she be given preferred claim for against the receiver for the First National bank at Lewisville. The plaintiff claims the amount due for bonds left at the bank for safekeeping She claims that on May 15, 1931 the bank of the bonds belonging her and placed the money to her account. This was done at her request. The remaining five bonds. however. sold without her knowledge and money placed with other money at the bank. She points out that she has demanded the money of receiver and has been refused brings the suit establish her right to preferred claim. Mr. and Mrs. Wilbur Cole, of Plum street, the parents of daughter. Robert Hunter, Robert Hunter. died Saturday Ste the South Mound Cemetery.

9. April 30, 1935 The Noblesville Ledger Noblesville, IN

Article Text

The office of National Bank Receiver, Robert G. Hartman, in the American National Bank Building for the past four years was closed today it was announced by Mr. Hartman. The receiver severed his connection with the Treasury Department in March of this year making the resignation effective April 30th. Mr. Hartman came to this city in January, 1928, and assumed charge of the liquidation of the First National bank of Noblesville and the First National bank of Sheridan. On July 3, 1928, he assumed the First National bank of Arcadia receivership. In December of that year the First National bank of Warren, Huntington county, was placed in his charge for liquidation. Later he was appointed by the Comptroller of the Currency as receiver of the First National Bank and New First National Bank in Farmland, Indiana, the Farmers National Bank of Wilkinson and the First National Bank of Lewisville, Indiana, the last named bank having suspended in October, 1932. Since coming to Noblesville Mr. Hartman has completed the liquidation of the First National bank of this city, from which the depositors received 98-2/10% in dividends; the First National bank of Sheridan, paying 100% plus interest on the liabilities, and full liquidation on the First National Bank of Farmland, Ind. At the time of his resignation the receiver had paid in dividends: First National Bank of Arcadia 88%, First National Bank of Warren 58%, Farmers National Bank of Wilkinson 62% with an additional cash distribution of 5% available, the New First National Bank in Farmland 50%, and two dividends aggregating 27½% plus a 7% dividend in the process of payment, making a total of 34½% at the First National Bank of Lewisville. Alden H. Baker, of this city, has been appointed receiver of the Wilkinson and Lewisville banks; John Heller of Hartford City for the Farmland and Warren institutions and Lester E. Everett, a Boone county farmer, has taken the appointment to liquidate the Sheridan and Arcadia banks. Mr. Baker is also receiver of the Farmers First National Bank of New Castle, while Heller and Everett have other banks at Montpelier, Hartford City, Flora and Lebanon. Before coming to Noblesville Mr. Hartman spent five years in the Examining Division of National banks under the direction of the Treasury Department, with headquarters in St. Louis, Mo., and Louisville, Ky. He also spent some time in Mississippi where he was engaged in the liquidation of national banks in that state. During the difficulties following the bank holiday, Mr. Hartman was called to Washington to assist in the Comptroller's office. At the time he had charge of several New England states in which numerous banks were in the hands of conservators. He had intended to remain in Washington indefinitely but had to return to Noblesville on account of the death of his sister which occurred in June, 1933, in this city. Later the former receiver was directed by the Comptroller to assist in the opening of receiverships in Lebanon, Mulberry and New Castle, Ind. Atlanta Christian Church ATLANTA, Apr. 30. (Spl.)—Funeral services for Myrtle Lane were held Sunday afternoon at the Christian church, Rev. Berry officiating. The church was well filled with rela- JOHN HARMS AT ATLANTA ATLANTA, Apr. 30 (Spl.)—Sunday, May 5th, John Harms, director of Religious Education in Indiana, will be here all day. He will be with the Junior church in the morning, in the afternoon will meet in conference with the officers and teachers of the Bible school and in the evening will address the entire congregation.