Article Text
BANK WENT BUMP
Washington, Feb. 13-The comptroller of the currency announced the suspension of the First National Bank at Matthews, Ind.
First National Bank (Matthews, IN)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- February 13, 1904
- Location
- Matthews, Indiana (40.389, -85.499)
- Bank Type
- national
- Charter Number
- 5998
Metadata
Receivership Details
- Depositor recovery rate
- 30.0%
- Date receivership started
- 1904-02-13
- Date receivership terminated
- 1905-09-30
- OCC cause of failure
- Excessive lending
- Share of assets assessed as good
- 34.9%
- Share of assets assessed as doubtful
- 55.6%
- Share of assets assessed as worthless
- 9.5%
Notes
Some articles mention a planned reopening, but a receiver was appointed and the bank remained in receivership.
Events (4)
1.
October 24, 1901
Chartered
- Source
- historical_nic
2.
February 13, 1904
Suspension
- Cause
- Government Action
- Cause Details
- Suspended by order/announcement of the Comptroller of the Currency; bank closed and notice posted that there would be a temporary suspension.
- Newspaper Excerpt
- The comptroller of the currency announced the suspension of the First National Bank at Matthews, Ind.
- Source
- newspapers
3.
February 13, 1904
Receivership
- Source
- historical_nic
4.
March 5, 1904
Receivership
- Newspaper Excerpt
- A. D. Lynch ... has been appointed receiver of the First National Bank of Matthews, Ind.
- Source
- newspapers
Newspaper Articles (20)
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INDIANA BANK FAILS
First National at Matthews Saspended Today. Washington, Feb. 13.-The comptroller of the currency has received a telegram announcing the suspension of the First National Bank of Matthews, Ind.
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NATIONAL NATIONAL Bank at Matthews, Ind., Has Suspended By Order of Comptroller of the Currency-Depositors Will Be Paid in Full. By Associated Press. Washington, Feb. 13- -The Comptroller of the Currency has given out news of the suspension of the First National Bank of Matthews, Ind.
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By Associated Press
Matthews, Ind., Feb. 13-With the no tice of the suspension of the First National Bank, it is stated that all the depositors will be paid in full.
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WILL PAY IN FULL (By Associated Press.) Matthews, Ind., Feb. 13.-Notice of the suspension of the First National bank stated that depositors would be paid in full.
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AN INDIANA BANK SUSPENDS
(By Associated Press.) Washington, Feb. 13.-The comptroller of the currency has news of the suspension of the First National bank of Matthews, Ind.
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Washington, Feb. 13.-The comptroller of the currency has received a telegram anonuncing the suspension of the First National bank of Matthews, Ind.
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Washington, Feb. 13.-The comptroller of the currency has received a tele. gram announcing the suspension of the First National bank of Matthews, Ind. The bank's capital was $25,000. and it had deposits of $75,000.
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Ind
National Bank Examiner William D. Frazer has been appointed receiver. Matthews, Ind., Feb. 13.-Notice was posted on the doors of the First National Bank here to-day that there would be a temporary suspension, but that all depositors would be paid in full. The capital of the bank is $25,000.
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Indiana Bank Suspends
Washington, Feb. 13.-The Controller of the Currency has received a. telegram announcing the suspension of the First National Bank of Matthews, Ind. National Bank Examiner W. D. Frazier has been appointed receiver. The bank has a capital stock of $25,000.
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MATTHEWS NATIONAL BANK HAS CLOSED ITS DOORS The Comptroller of the Currency has been advised of the closing of the First National Bank, of Matthews, Ind. No information has been received on the cause of the failure. National Bank Examiner William D. Frazer has been appointed receiver The bank has resources of over $133,000.
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BANK AT MATTHEWS WILL REOPEN ,SOON Industrial Depression of the Town, Owing to Shut Down of Factories, Caused the Close. Special to the Indianapolis Journal. MUNCIE, Ind., Feb. 14.-C. H. Church, of this city, a member of the board of directors of the First National Bank, of Matthews, which closed its doors Saturday morning, said to-night that the bank would be reopened within a week. Mr. Church is eashier of the Delaware County Bank, of this city. State Bank Examiner Frazier, of Warsaw, who was last night given the place of receiver for the bank by the controller of the United States currency, was here in conference with Church to-day. Mr. Church suggested a plan for the resumption of the bank, which Receiver Frazier agreed was feasible and should bring about the resumption within a week. Mr. Church said the bank's closing was due to the industrial depression of the town, three factories being closed. He said no one would lose any money by the suspension.
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Indiana Bank Stops
Washington. Feb. 16-The comptroller of the currency received a telegram announcing the suspension of the First National bank of Matthews, Ind. The bank was closed by resolution of the board of directors and National Bank Examiner Frazier has been appointed receiver. This bank was organized Oct. 24, 1901. The comptroller has no Information as to the cause of the directors' action.
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By Associated Press
Matthews. Ind., Feb. 13 Wish the no. tice of the suspension of the First Nat ional Bank. it is stated that all the depositors will be paid in full.
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Indiana Bank Suspends
Washington. February 13.-The comptroller of the currency has recelved a telegram announcing the suspension of the First National Rank of Matthews. Indiana. National Bank Examiner W. D. Frazer has been appointed receiver. The bank has a capital stock of $25,000.
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Appointed Bank Receiver in Indiana
A. D. Lynch, formerly connected with the office of the comptroller of the currency, has been appointed receiver of the First National Bank of Matthews, Ind.
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Bank Receiver Appointed
Washington, March 5-A..D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.
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Receiver for Matthews Bank
WASHINGTON, D. C., March 4.-A. D. Lynch, formerly connected with the office of the controller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.
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Receiver Appointed
Washington, March 5.-A. D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First national bank of Matthews, Ind.
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Receiver for an Indiana Bank
Washington, March 5.-A. D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First National bank, of Matthews, Ind.