5627. First National Bank (Evansville, IN)

View Charter #2692 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
28
Charter Number
2692
Start Date
November 28, 1930
Location
Evansville, Indiana (37.975, -87.556)

Metadata

Model
gpt-5-mini
Short Digest
730aab60

Response Measures

None

Description

No article describes a depositor run. Articles (Feb 1931 and June 1931) indicate the First National Bank of Evansville closed Nov 28 (presumably 1930), was in receivership and is defunct. Receiver demanded assessments of stockholders and depositor sued the defunct bank, consistent with permanent closure and receivership.

Events (6)
1. July 31, 1863 Chartered
Source
historical_nic
2. May 15, 1882 Chartered
Source
historical_nic
3. April 16, 1902 Voluntary Liquidation
Source
historical_nic
4. November 28, 1930 Suspension
Cause
Government Action
Cause Details
Bank closed and subsequently placed in receivership (receiver S. Borton named).
Newspaper Excerpt
the First National bank here, which closed its doors on November 28.
Source
newspapers
5. February 21, 1931 Receivership
Newspaper Excerpt
S. Borton, receiver for the First National bank here, which closed its doors on November 28, has made formal demand upon the stockholders for amounts equal to 100 per cent of their present holdings, and has set the date for payment of these amounts at March 20.
Source
newspapers
6. June 10, 1931 Other
Newspaper Excerpt
A suit filed by Wilford Huggins, a depositor of the defunct First National bank of this city, against Val B Campbell of that institution, for $1,250 on certificate of deposit, was ... continued until the September term of court.
Source
newspapers

Newspaper Articles (3)
1. February 18, 1891 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 18, 1891

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Article Text

RUN ON A NEW YORK BANK. Small Depositors Throng the American Loan and Trust Co.'s Office. NEW YORK, Feb. 17.-The run on the American Loan & Trust Company continues. This morning President Dildron refused to make 8 statement, but says the company is solvent. The cash resources were almost exhausted at one time yesterday, and a check for a large amount presented for payment was returned with the statement that five days' notice would be required on it. Later in the day money came in from called loans, and the check was sent for and cashed. Bank Examiner Cahill has completed an examination and forwarded his report to Albany. He refused to make any statement to the press. The run was mostly by small depositors, and the bank met all their demands. Persons presenting checks for large amounts were requested to wait a few hours. Bank Examiner Preston said tonight that the large depositors of the company are standing by, and this, together with the fact that the company has paid small demands, is prima facia evidence that it is able to meet all engagements. AYER, Mass., Feb. 17. The First National Bank. which has been closed pending an investigation into Cashier Spaulding's accounts, was reopened for business this morning. EVANSVILLE, Ind., Feb. 17.-Teller Ritter, of the First National Bank, was arrested today and held in bonds for trial on a charge of misappropriating $77,000.

2. February 21, 1931 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, February 21, 1931

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Article Text

CLOSED BANK RECEIVER DEMANDS ASSESSMENTS S. Borton, receiver for the First National bank here. which closed its doors on November 28. has made formal demand upon the stockholders for amounts equal to 100 per cent of their present holdings, and has set the date for payment of these amounts at March 20. Borton has, however, advised the stockholders that in case it. was too inconvenient for them raise the full amounts required by March 20. that he would 25 per cent of the amounts then and permit them to pay 25 per cent each month until the full payments have been made His audit of the bank's condition at the time of its closing shows total resources but of this amount there is shown to be $871.as unsecured. His audit also notes the unusual low cash supply at the time, being but The bank was capitalized at $100.000. and the additional assessments on the stockholders will. It is lieved. go long way toward enabling the receiver to pay depositors in full. Announces for Judge C. B. Teague, former city attorney and for the past four years justice of the peace, has announced his candidacy for the office of judge of the Benton city court, which election will be held in June Judge W. Joe Hill Announce C. M. T. C. Quotas Franklin and Williamson counties are quotas in the Milltary Training camp enrollment this year. which total almost half the enrollment of the 22 southern counties the These two populous counties are given 180 each

3. June 10, 1931 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, June 10, 1931

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Article Text

FORMER BENTON MAN KILLED IN MICHIGAN SALINE SUPERVISORS NAME COUNTY OFFICERS Joe Greenfield former resident and musical director of this city was killed an auto at Escan. advices received by relatives here today Greenfield was 56 and resident here many years prior his removal to Michigan He was leader of the Benton Concert band for many years widely known over this section of the MARION BANK RECEIVER NAMED FOR CHICAGO BANK December 10, 1930. has been in inquiry Cause of Death Unknown (Special) Hanley, 70. farmer near Energy. died at his home this afternoon from "causes unknown. according to W. E. Moore June chancery term of the Hamilton county circuit court convened here yesterday with Judge J. C. Kern on the bench. A suit filed by Wilford Huggins, a depositor of the defunct First National bank of this city. against Val B Campbell of that insti tution. for 81,250 on certificate of deposit, was until the September term of court. Eulah L, Bowers was granted a divorce from George A. Bowers, with restoration of maiden name: Ruth Esther Gholson divorce from James Everett Gholson, and custody of HARRISBURG III. June (Special Three county offices were filled by appointment or confirmation Monday by the board of supervisors at their June meeting. Ralph D. Brown was appointed county superintendent of highways filling the vacancy caused by the death of C. E. Drake: George Barrowman of Eldorado was approved A niece. Mrs George Brown of this as county mine inspector after he had and -in-law, Mrs. Sally been elected few weeks ago by the Ann Coulson of Buckner were the local unions in the county and only known relatives in this county Claude Butler was named of Funeral and interment will take keeper place at Escanaba tomorrow