First National Bank (Oak Harbor, OH)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
October 25, 1933
Location
Oak Harbor, Ohio (41.507, -83.147)
Bank Type
national
Charter Number
6632

Metadata

Receivership Details

Depositor recovery rate
92.6%
Date receivership started
1933-10-25
Date receivership terminated
1938-12-21
Share of assets assessed as good
36.4%
Share of assets assessed as doubtful
57.0%
Share of assets assessed as worthless
6.6%

Notes

Bank placed in receiver's hands by state Department of Banking and remained in liquidation/receivership.

Events (3)

1. February 17, 1903 Chartered
Source
historical_nic
2. October 25, 1933 Receivership
Newspaper Excerpt
that the First National Bank of Oak Harbor had been put into the hands of a receiver by the department of banking
Source
newspapers
3. October 25, 1933 Receivership
Source
historical_nic

Newspaper Articles (4)

Article Text

The First National Bank In Receiver's Hands

Like a thunder clap from a clear sky came the announcement last week Thursday, that the First National Bank of Oak Harbor had been put into the hands of a receiver by the department of banking It was generally believed, and still is, that the officials of this bank were carefully and surely working their way out of weeks all the conditions necessary for 100% opening would be fullfilled. W: C. Hoch, of Delta, Ohio, was sent here to take charge, last Friday morning, aspreceiver, and the bank is now going through the process of liquidation. However, efforts are being made to establish a re-organization, or do something to relieve the situation. Mayor Carstensen called meetings of leading citizens, and together with Wm. Timmerman, is active in the interest of depositors and stock holders, and he tells us that everything possible will be done to prevent loss by depositors and stockholders. "And," he added, "I believe there is hope that we may succeed; at any rate no stone will be left unturned in our efforts. At meeting of the stockholders, we learn later, at which 35 of the 50 stockholders were present, a committee was selected consisting of Theodore Witt. W. R. Tabbert, Wm. Timmerman, Morton Neipp and L. L. Carstensen. This committee is to go over the affairs of the bank, get a detailed report, formulate a re-organization and take the steps which may be and then present request to the Government for permission to re-open the bank.


Article Text

William F. Goetz, et al, defendants By virtue of an Alias Order of Sale issued from said Court in the above entitled cause, I will offer for sale at public auction, on Monday, June 10, 1935 at one o'clock p. m., at the east door of the court house in Port Clinton, Ohio, the following described lands and tenements, situated in the East half of the Southeast quarter of the Northwest quarter of Section Number Twenty-six, Township Number Seven, Range Fifteen, containing Twenty acres of land more or less but subject to all legal highways. Appraised at $1500.00. Terms of Saleβ€”CASH. Taken as the property of William F. Goetz, et al, by virtue of said Alias Order of Sale, in favor of Carolina Eckhoff. D. L. CULLENEN, Sheriff of Ottawa County, Ohio. By Merlin Budd, Deputy Sheriff. Topper & Topper, plaintiff's attorneys. Port Clinton, Ohio, May 6, 1935. May 10β€”37t5

Sheriff's Sale of Real Estate In the Court of Common Pleas of Ottawa County, Ohio. Case No. 9689 Walter D. Skilliter, plaintiff vs Louis D. Sibbersen, et al, defendants By virtue of an Order of Sale issued from said Court in the above entitled cause, I will offer for sale at public auction, on Monday, June 10, 1935 at one o'clock p. m., at the east door of the court house in Port Clinton, Ohio, the following described lands and tenements, situated in the Township of Benton, County of Ottawa and State of Ohio: The West ten (10) acres of the East half (1/2) of the North half (1/2) of the North half (1/4) of the Northwest fractional Quarter (1/4) of Section Thirty-one (31), Town Eight (8), Range Fourteen (14). Appraised at $500.00. Terms of Saleβ€”CASH. Taken as the property of Louis D. Sibbersen, et al, by virtue of said Order of Sale, in favor of Walter D. Skilliter. D. L. CULLENEN, Sheriff of Ottawa County, Ohio. By Merlin Budd, Deputy Sheriff. L. K. Chambers, plaintiff's attorneys. Port Clinton, Ohio, April 26, 1935. May 10β€”37t5

Notice To Contractors The trustees of Benton township, Ottawa County, Ohio, will receive sealed bids up and until 7:00 o'clock p. m., June 17, 1935, for the purpose of furnishing and applying road oil by the gallon on township roads. Bids will be publicly opened at 8:00 o'clock p. m., on the above date. The trustees reserve the right to reject any or all bids. By Order of Township Trustees. LOUIS A. FLICK, Township Clerk. June 6β€”41t2

Legal Notice In the District Court of the United States for the Northern District of Ohio, Western Division. In the matter of the First National Bank of Oak Harbor, Ohio. Notice is hereby given that Edw. P. Carsten, Receiver of the First National Bank of Oak Harbor, Ohio, has filed his application in the above entitled cause for authority to settle claim of Caroline Eckhoff, and to settle and fix time of payment of stock assessment liability of L. L. Carstensen. Said matters are now in the hands of said Receiver, and any interested party may have access to the same by calling on the Receiver at his office in Oak Harbor, Ohio. Said application will be heard by the Court on Monday, June 10, 1935, at 10:00 o'clock a. m., or as soon thereafter as the same may be heard. Any interested party is entitled to appear before the Court on said matter and be heard. Edw. P. Carsten, Receiver, First National Bank of Oak Harbor.


Article Text

Legal Notice In the District Court of the United States for the Northern District of Ohio, Western Division. In the matter of the First National Bank of Oak Harbor, Ohio. Notice is hereby given that Edw. P. Carsten, Receiver of the First National Bank of Oak Harbor, Ohio, has filed his application in the above entitled matter for authority to settle Assets No.'s 43-327-427 and for modification of order heretofore made for settlement of Asset No. 189. Said assets are now in the hands of said Receiver and any interested party may have access to the same by calling on the Receiver at his office in Oak Harbor, Ohio. Said application will be heard by the court on Monday, July 29, 1935, at 10:00 o'clock a. m., or as soon thereafter as the same may be heard. Any interested party is entitled to appear before the court on said matter and be heard. EDW. P. CARSTEN, Receiver First National Bank, Oak Harbor, Ohio. July 19β€”47t2

Legal Notice In the District Court of the United States for the Northern District of Ohio. In the matter of the First National Bank of Oak Harbor, Ohio. Notice is hereby given that Edw. P. Carsten, Receiver of the First National Bank of Oak Harbor, Ohio, has filed his application in the above entitled cause for authority to settle Asset No. 280, a note signed by Chas. H. Leaser and Alta Leaser. Said note is now in the hands of said Receiver and any interested party may have access to the same by calling on the Receiver at his office in Oak Harbor, Ohio. Said application will be heard by the Court on Monday, July 22, 1935, at 10:00 o'clock a. m., or as soon thereafter as the same may be heard. Any interested party is entitled to appear before the court on said matter and be heard. EDW. P. CARSTEN, Receiver First National Bank, Oak Harbor, Ohio.

NOTICE Notice is hereby given that the budget for the Village of Rocky Ridge, Ottawa county, Ohio, for the year 1936, will be for hearing, July 22nd, 1935, in the Council Room of the said village at 8:00 o'clock p. m. J. W. CONKEY, Corporation Clerk.

Sheriff's Sale of Real Estate In the Court of Common Pleas of Ottawa county, Ohio. Case No. 9702 W. G. Franck as County Treasurer of Ottawa County, Ohio, plaintiff vs Anna Schade, et al, defendants By virtue of an Order of Sale issued from said Court in the above entitled cause, I will offer for sale at public auction, on Monday, August 12, 1935 at one o'clock p. m., at the east door of the court house in Port Clinton, Ohio, the following described lands and tenements, situated in Ottawa county, Ohio, to-wit: "The west half of lot number twenty seven (27) in block number one hundred and nineteen (119), in the Wardlows Division of the said Village of Oak Harbor, Ottawa County, Ohio." Sell for not less than the total of such findings and costs. Terms of Saleβ€”CASH. Taken as the property of Anna Schade, et al; by virtue of said Order of Sale, in favor of W. G. Franck as County Treasurer of Ottawa County, Ohio. D. L. Cullenen, Sheriff of Ottawa County, Ohio. N. C. Rosentreter, plaintiff's attorney. Port Clinton, Ohio, July 3, 1935. July 12β€”46t5

Notice Of Appointment Estate of Elihu Lacy, deceased. Barley Lacy has been appointed and qualified as administrator of the estate of Elihu Lacy, late of Ottawa County, Ohio, deceased. Dated this 2nd day of July, A. D., 1935. PETER W. GULAU, Probate Judge of said county. By Lorna J. Gulau, Deputy Clerk. July 5β€”45t3

Account Of Administration In the Matter of the Estate of Herman Schiller, deceased. Notice is hereby given that Lawrence J. Schiller as executor, of the estate of Herman Schiller, deceased, has filed a final account of his administration, which will be for hearing and settlement July 29th, 1935. Any interested party may file exceptions thereto not later than five days prior to the above date. PETER W. GULAU, Probate Judge. July 5β€”45t3

Imagine the plight of the school nurse who received a letter from a pupil's mother, asking her what could be done about Johnny's nose. "It gets so red and runs so much," the mother added, "that we expect that he has science trouble."


Article Text

In the District Court of the United States for the Northern District of Ohio, Western Division. In the matter of the First National Bank of Oak Harbor, Ohio. Notice is hereby given that Edw. P. Carsten, Receiver of the First National Bank of Oak Harbor, Ohio, has filed his application in the above entitled matter for authority to settle Assets No.'s 43-327-427 and for modification of order heretofore made for settlement of Asset No. 189. Said assets are now in the hands of said Receiver and any interested party may have access to the same by calling on the Receiver at his office in Oak Harbor, Ohio.

Said application will be heard by the court on Monday, July 29, 1935, at 10:00 o'clock a. m., or as soon thereafter as the same may be heard.

Any interested party is entitled to appear before the court on said matter and be heard.

EDW. P. CARSTEN, Receiver First National Bank, July 19β€”47t2 Oak Harbor, Ohio.