First National Bank (Farmland, IN)

View Charter #6504 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
November 3, 1928
Location
Farmland, Indiana (40.188, -85.127)
Bank Type
national
Charter Number
6504

Metadata

Episode ID
Bank ID
City ID
180434409
Model
gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate
30.0%
Date receivership started
1928-11-03
OCC cause of failure
Losses
Share of assets assessed as good
9.1%
Share of assets assessed as doubtful
51.0%
Share of assets assessed as worthless
40.0%

Notes

Newspaper articles (1930) report a receiver appointment, but archival/known receivership date is 1928-11-03; date conflict noted.

Events (5)
1. November 24, 1902 Chartered
Source
historical_nic
2. December 31, 1925 Voluntary Liquidation
Source
historical_nic
3. November 3, 1928 Receivership
Newspaper Excerpt
Robert Hartman has received notice ... of his as receiver for the First National ... Farmland.
Source
newspapers
4. November 3, 1928 Receivership
Source
historical_nic
5. September 1, 1930* Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver (Robert Hartman) appointed by authorities, as reported in Sept 1930.
Newspaper Excerpt
This is the fifth bank in central Indiana for which Hartman is now acting as receiver ... the First National Bank, of Farmland.
Source
newspapers

Newspaper Articles (3)
1. September 23, 1930 The Indianapolis News Indianapolis, IN
Article from The Indianapolis News, September 23, 1930

Click image to open full size in new tab

Article Text

NAMED BANK RECEIVER

Robert Hartman, Noblesville, to Take Over Institution. Ind., September 23. Robert Hartman has received notice from of his as receiver for the First National days ago. This is the fifth bank in central Indiana for which Hartman is now acting as receiver, the others being the First National Bank. of Noblesville: the First National Bank. Arcadia the First National Bank, Sheridan, and the First National Bank, of Farmland.

2. September 24, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, September 24, 1930

Click image to open full size in new tab

Article Text

Bank Receiver Appointed By Times Special NOBLESVILLE, Ind., Sept. 24.Robert Hartman of this city has been notified from Washington of his appointment as receiver for the First National bank of Wilkinson, which was closed a few days ago. This is the fifth bank in central Indiana for which Hartman is acting as receiver, the other being the First National of Sheridan and the First National, Farmland.

3. November 11, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 11, 1930

Click image to open full size in new tab

Article Text

BANK WILL CLOSED PAY AT FARMLAND

Receiver Admits Return of Federal Indictment to Be Possible.

FARMLAND, Ind., Nov. 800 depositors of the closed First National bank receive checks during the next thirty days, covering their share 25 per has Hartman, Noblesville, receiver of the bank. The has the assertion W. Greene, president charges probably would preferred against Glen Turner, cashier.

Gone, but Not Forgotten reported to police Butlef. BACK HOME South found 1421