6384. First National Bank (Warren, IN)

View Charter #7930 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7930
Charter Number
7930
Start Date
December 1, 1928*
Location
Warren, Indiana (40.683, -85.427)

Metadata

Model
gpt-5-mini
Short Digest
2065ccbe

Response Measures

None

Receivership Details

Depositor recovery rate
58.0%
Date receivership started
1928-12-07
Date receivership terminated
1936-06-26
OCC cause of failure
Governance
Share of assets assessed as good
52.3%
Share of assets assessed as doubtful
31.5%
Share of assets assessed as worthless
16.2%

Description

The articles describe the First National Bank at Warren closing its doors (voluntary suspension) and being placed in receivership. No run or depositor agitation is reported. Cause cited is a series of losses over several years. Receivers changed from Lawrence E. Lyons (Dec 1928) to Robert Hartman (Apr 1930). Bank remained closed while receiver arranged dividend payments in 1930.

Events (6)
1. September 29, 1905 Chartered
Source
historical_nic
2. December 1, 1928* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Series of losses over several years led to voluntary closing of the bank.
Newspaper Excerpt
which closed its doors voluntarily few days ago
Source
newspapers
3. December 7, 1928 Receivership
Source
historical_nic
4. December 12, 1928 Receivership
Newspaper Excerpt
LYONS IS NAMED BANK RECEIVER ... charge of the assets of the First National bank at Warren yesterday ... had been appointed to act receiver for the institution, which closed its doors voluntarily few days ago. Lawrence E. Lyons ... took charge of the assets ... (Dec. 12, 1928 article).
Source
newspapers
5. April 13, 1930 Receivership
Newspaper Excerpt
Robert Hartman Named Warren Bank Receiver ... has been notified by his appointment as receiver for the First National bank at Warren, which closed than year. He ... will succeed Lawrence Lyons, former Republican state chairman, who resigned. (Apr. 13-14, 1930 articles).
Source
newspapers
6. November 15, 1930 Other
Newspaper Excerpt
THREE CLOSED BANKS WILL MAKE PAYMENTS Depositors at Arcadia, Farmland and Warren to Get Dividends. ... he will pay a 10 per cent dividend to the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.
Source
newspapers

Newspaper Articles (6)
1. December 12, 1928 The Huntington Press Huntington, IN
Article from The Huntington Press, December 12, 1928

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Article Text

LYONS IS NAMED BANK RECEIVER Former Republican Chieftain Takes Charge of Warren Bank Lawrence E. Lyons of Brooke, Ind., former head of the Republican state commitee, charge of the assets of the First National bank at Warren yesterday, was Carlos B. Dawes of Columbus, Ohio, neuhew of Vice-President Charles G. Dawes, had been appointed to act 68 ceiver for the institution, which closed its doors voluntarily few days ago Mr. Dawes went Warren several days He and Mr. Lyons were at the bank yesterday, but it is understood that will leave as soon transfer has taken place. series of losses ove several years was mid sponsible for the closing officials of which said would pay its depositor

2. April 13, 1930 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, April 13, 1930

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Article Text

Robert Hartman Named Warren Bank Receiver NOBI April Robert Hartman of this has the controller of the notified by his appointment as receiver rency for the First National bank at ren which closed than year He the place Law state resigned Mr Hart now for five national banks central Indiana They are Sheridan Arcadia Farmland and Warren

3. April 14, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., April 14.Robert Hartman has been notified by the controller of currency at Washington of his appointment as receiver of the First National bank at Warren, which closed fifteen months ago. He will succeed Lawrence Lyons, former Republican state chairman, who resigned. Hartman now is acting as receiver for five national banks in this part of the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.

4. April 14, 1930 The Star Press Muncie, IN
Article from The Star Press, April 14, 1930

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Article Text

HARTMAN IS APPOINTED WARREN BANK RECEIVER Noblesville, Ind., April -Robert Hartman. of this city, has been notified by the controller of the of his appointment as receiver for the First National bank at Warren. which closed more than a year ago. He takes the place of Lawrence Lyons, former Republican state chairman, who resigned. Mr. Hartman is now receiver for five national banks in north central Indiana. They are at Noblesville. Sheridan, Arcadia, Farmland and Warren.

5. April 14, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen Ind., April Robert Hartman been notified controller currency Washington of his appointment receiver of the First National Warren. which closed fifteen months will Lawrence Lyons, former Republican chairman, resigned. Hartacting as receiver for five national banks part the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.

6. November 15, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 15, 1930

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Article Text

THREE CLOSED BANKS WILL MAKE PAYMENTS Depositors at Arcadia, Farmland and Warren to Get Dividends. Bu Times Special NOBLESVILLE, Ind., Nov. 15.Robert Hartman of this city, receiver for several banks in central Indiana, says that he is arranging for some Christmas money in the way of dividends for depositors which will be ready for distribution in a few days. The first payment will be a 10 pe rcent dividend to depositors of the First National bank of Arcadia. This will make 80 cents on the dollar paid so far. He is also arranging to pay a 25 per cent dividend to depositor of the New National bank of Farmland. This will be the first dividend of this bank, which was closed last summer. In a short time he will pay a 10 per cent dividend 10 the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.