First National Bank (Portsmouth, OH)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
March 5, 1933
Location
Portsmouth, Ohio (38.732, -82.998)
Bank Type
national
Charter Number
68

Metadata

Receivership Details

Depositor recovery rate
78.0%
Date receivership started
1933-12-19
Share of assets assessed as good
33.6%
Share of assets assessed as doubtful
60.5%
Share of assets assessed as worthless
6.0%

Notes

Using government closure (Comptroller) and subsequent receiver/receiver dividends; known receivership date used as authoritative.

Events (4)

1. August 21, 1863 Chartered
Source
historical_nic
2. March 5, 1933 Suspension
Cause
Government Action
Cause Details
Closed by the Comptroller of the Currency on March 5, 1933
Newspaper Excerpt
the bank closed March 5, 1933
Source
newspapers
3. December 19, 1933 Receivership
Newspaper Excerpt
Stanley McCall, the bank's receiver
Source
newspapers
4. December 19, 1933 Receivership
Source
historical_nic

Newspaper Articles (10)

Article Text

Four Deaths Recalled In Suit Of Widow.

Death of four persons- men and women-in a railroad accident at Hamilton, Ohio, early in the morning of February 7, 1931, was recalled in United States District Court when the suit Mrs. Lillian Mae Campbell, executrix of the estate of her late husband, Herbert Campbell, 46 years old, salesman Dayton Ohio, one the victims of the against Ohio Railroad Company before District Judge Robert R. Nevin. Mrs. Campbell seeks for $30,000 as damages for husband's death which she was the of the of the railroad the Fifth Street ing an excessive rate speed. appears Campbell automobile man named "Master" Haynes and two sisters named Jones, all three of Hamilton, at the time of George Holland, Dayton, are counsel plaintiff and Herbert Schaffer and Philip Schneider. the firm of Waite, Schindel & Bayless, Cincinnati represent the the railroad company expected the trial the case continue over today.

Closed Bank's Receiver Appeals.

George Ogdin. receiver of the First Bank of Elizabethton, Tenn., filed an appeal in United States Circuit Court Appeals yesterday from the judgment District Judge George Taylor, Tenn., dismissing his suit against L. H. Goodwin, Mountain City, Tenn. recover $1,278.52 alleged to be due on check of Goodwin's which payment was stopped by Goodwin when he learned the Elizabethton bank had closed its October 17. 1931. Judge the suit upon the of the defendant and afterwards motion of the bank's receiver to rehear the case.

Spoiled Fish To Be Destroyed.

Because 1,900 pounds seized by Federal authorities last week virtually completely spoiled, District Judge Robert Nevin, on the of District Francis Canny, the United States to the seized product. The fish shipped Cincinnati from Chicago, and were to be arrival They were blue fins from Lake Superior.

Doctors Are Creditors.

Charles W. Danner, salesman, 58 West Street, filed his voluntary petition in United States Court for lief from his debts he $497 He his $298, all of he says His unsecured creditors are physicians with ranging from $50 $150 for professional Scheduling liabilities totaling $529.50 assets of $210. all of which he says are exempt, John B. Knoblaugh, brakeman, 320 Jonte Avenue, Lockland, Ohio, entered voluntary petition in bankruptcy. largest creditor Dr. Astler 6108 Vine Street, Elmwood Place, $375.

Portsmouth Bankers Plead.

Daniel W. Conroy, President. Clarence E. Nodler, President the First National Bank, Portsmouth, Ohio, appeared in United States District Court and entered pleas guilty to the first count joint indictment charging them with having made false report the Comptroller of the Currency. They pleaded not guilty to the other three counts of this indictment. Conroy also entered plea of not guilty separate indictment against him, individually, charging misapplication of $2,064.40 of the funds of the bank of which he was the head Both were ordered to reOctober which District Judge Robert R. Nevin will sentence upon them and make disposition of the other charges contained in the indictIndictments which the men enpleas by the Federal Grand Jury here last They of alleged transactions preceding the closing of the bank by the Comptroller of the Currency several months ago and the placing of its affairs into the of Conservator.

Closes Bankruptcy Cases.

Twenty one bankruptcy cases were in final records in United States District Court yesterday by William Kuertz, referee in bankruptcy, Cincinnati, as follows: Maurice Stoller and Joseph Gander business Sander Liabilities For 7% per were and H. creditors. Bruck business 4903 Whetsel 3222 Beechmont Avenue reCity cent. Liabilities Ohio. 309 West $557 Defarmer Oho. Assets, $154. Oral for Thompson 8471 Nothing for creditors. retail 545 $563 Nothing telephone 2819 Schneider doing ern Millinery 1320 Joseph re985 Wilmington Liabilities. 6115

448 Avenue. Liabilities 307 East Burnet Avenue. $503. 2351 Wilder 1401 Dalton


Article Text

Bank Receiver Seeks To Compromise Claim.

Kimble, receiver of the First National Bank of Portsmouth, Ohio, yesterday filed petition United States District Court for the against the Mitchell Manufacturing In his petition the receiver sets the Mitchell Company indebted bank for and unable He has been Mitchellace, the for not $200 by mortgage the that in the best the that the proposed that authoraccept the Mit

To Open February Term.

District Robert Nevin United District Cincinnati morning for the The Court will assign the equity for trial There be civil jury cases for trial during this

Gymnasium Instructor Bankrupt. Ray Cate, teacher, 1316 filed untary United Court totaling $1,603.63 lief He at $1,700 said exempt His creditor Keith Building,


Article Text

Sisters-In-Law Fail.

Mrs. Amelia M. Williams, housewife, 1119 Eighth Street, Portsmouth, and her sister-in-law, Mrs. Anne E. Williams, housewife, 1515 Jackson Avenue, Portsmouth, yesterday filed voluntary petitions in bankruptcy in United States District Court for relief from debts totaling $14,588.4 and $14,446.92, respectively. Each lists as her principal creditor B. F. Kimble, receiver for the First National Bank of Portsmouth, on note for $11,759.88 Mrs. Amelia Williams lists no assets. Mrs. Williams lists assets valued at $332, all of which she says are exempt.


Article Text

BANK RECEIVER GETS AUTHORITY

Cincinnati, Nov. F. Kimble, receiver for the First National bank of Portsmouth, today was under authorization proceed with the compromising bank ims Simon LaBold, late president the bank; his daughter, Miss LaBold, and number of other Portsmouth residents, by cepting promissory The compromise was ordered by Federal Robert Nevin. Kimble had asked for permission to accept an offer Miss LaBold under which the bank would receive her promissory note for $58,018.26. pay able within two years and secured by real estate full of its claims against the LaBold estate as set forth in five suits in federal court more than two years ago by Charles Brown, conservator of the bank Defendants the suits included Miss LaBold. Dan W. Conroy, Lemon, Hattie Lemon, Sennett, Sennett, Frank and Emma Eakins, Mrs. Mayme R. Conroy, Charles W. and Fannie Bierly, Joseph and Anna Switalski, Fred and Vida Rublman, and others.


Article Text

Chicago, February 13โ€”(AP)โ€”(United States Department of Agriculture)โ€”Hogs, 15,000 including 6,000 direct; active, mostly 10@15c higher than Tuesday; weights above 200 lbs. $8.25@8.40; top $8.40; 160-200 lbs. $7.80@8.25; light lights $7.50@7.90; slaughter pigs $5.50@7.50; good packing sows mainly $7.70@7.80; shippers 2,000; estimated holdover 1,000; light light, good and choice, 140-160 lbs. $7.25@8; light weight, 160-200 lbs. $7.75@8.30; medium weight, 200-250 lbs. $8.10@8.40; heavy weight, 250-350 lbs. $8.25@8.40; packing sows, medium and good, 275-550 lbs. $6.75@7.85; pigs, good and choice, 100-140 lbs. $5.50@7.50. Cattle, 8,000; calves, 2,000; slightly more steers and yearlings in today's crop than trade required; medium weight and weighty kind steady but in-between grade light steers and yearlings closed weak to 25c lower; some weakness also developing late on good to near choice weighty kind; largely steer and yearling run; top went to $13.95 a new high; best long yearlings $13.50; 881 lb. yearlings $12.75; light cattle selling at $10@11.50 showed most downturn on late rounds; all she stock unevenly firm to 25c higher; better grade beef cows showing most upturn; other classes steady; slaughter cattle and vealers: Steers, good and choice, 550-900 lbs. $9.25@13; 900-1,100 lbs. $9.75@13.75; 1,100-1,300 lbs. $10@14; 1,300-1,500 lbs. $10.75@14; common and medium, 550-1,300 lbs. $5@10.75; heifers, good and choice, 550-750 lbs. $8.75@11.25; common and medium, $4.25@9; cows, good, $6.25@8.25; common and medium, $4@6.25; low cutter and cutter, $2.75@4; bulls (yearlings excluded), good (beef), $5@6.75; cutter, common and medium, $3.50@5.25; vealers, good and choice, $7@8.50; medium, $5.50@7; cull and common, $3.50@5.50; stocker and feeder cattle: steers, good and choice, 500-1,050 lbs. $6@8.25; common and medium, $4.75@6. Sheep, 12,000; slaughter lambs uneven, closed slow; bulk steady to 25c lower; good to choice woolskins $8.75@9; top $9.10 to small killers; choice clipped lambs $8; sheep firm; mixed native ewes $4.50@5; feeding lambs little changed; early bulk around 56-67 lb. offerings $6.50@7.25; slaughter sheep and lambs; lambs, 90 lbs. down, good and choice, $8.25@9.10; common and medium, $6.75@8.50; ewes, 90-150 lbs. good and choice, $3.65@5.35; all weights, common and medium, $3@4.25; feeding lambs, 50-75 lbs. good and choice, $6.25@7.50.

BANK PAYMENT ORDERED.

Portsmouth, Ohio, February 13โ€”(AP)โ€”A dividend of 20 per cent, approximately $680,000 for between 9,000 and 10,000 depositors of the First National Bank, was announced today by Judge Stanley McCall, the bank's receiver. The dividend will bring to 57 3/4 per cent the amount paid depositors since the bank closed March 5, 1933.


Article Text

"Nothing To Report" Is Word From Democrats.

Secrecy surrounded proceedings of a meeting of Democratic leaders from Erie and adjoining counties at Hotel Rieger last night.

Dr. J. E. Herman, Erie-co Democratic chairman, said he had "nothing to report" following the meeting. Dr. Herman did state, however, that no recommendations regarding patronage were made.

Unofficial information stated eight Democratic leaders attended the meeting, three of them from outside Erie-co, one being from Huron-co and the other two from Sandusky-co.

The meeting was reported to have been a session for unification of the five county central Democratic committees of the 13th district for organization control of patronage.

Dr. Herman classed as "without foundation" reports that Norman Houk might be appointed Erie-co relief director to succeed Director J. L. Kelly.

NEW PAYOFF MADE

PORTSMOUTH, O., Feb. 13 (AP)---Payments to depositors of the closed First National Bank reached 57 1/4 percent today when a dividend of 20 percent was announced by Stanley McCall, bank receiver. The latest distribution approximates $680,000.

sent the SOS call, saying the ship was falling.

"At 1,000 feet," said Wiley, "the order was given to stand by to abandon ship. . . .

"The stern hit the water with a jar and I told everyone to get out of the control car and jump before the control car submerged.

"Everyone was out before I climbed out a window and poised to jump."

By that time several fighting ships with which the Macon had been maneuvering were well on their way to the scene. The Macon's men were found in their rubber lifeboats and taken aboard three cruisers.

Wiley said the ship hit the water stern first and went down by the stern. Slowly she settled, with the bow-up inclination increasing until she was only a giant cone above the waves.


Article Text

Bank Receiver Answers Suit.

In the suit of Hamm and Vetter, Inc., Portsmouth, Ohio, against the First National Bank of Portsmouth and its receiver, yesterday filed his answer in District Court. He denies that the plaintiff is entitled to priority on a claim for $3,360, said to represent a deposit made in the bank of February 27, 1933, upon representation of an official of the bank that it was solvent and that a check issued against the account for payment to a Pittsburgh concern would be paid in full in the usual course of business.


Article Text

COUNTY and FEDERAL COURTS

Five Weeks Ends Romance; Spouse Seeks Divorce.

Short and stormy was the marital career of John Hubler, 22 years old, Central Y. M. C. A., clerk, and Edith Raymond Hubler, according to charges in Hubler's petition for divorce, filed yesterday.

They were married January 10. He says he was forced to leave her February 26, five weeks later.

In the first place he sues her as a minor, although she gave her age as 21 years when they obtained their license to wed. Shortly after their marriage he learned she was associating with other men, Hubler said.

When he remonstrated with her she promised to have nothing to do with any other man, he says. However, he avers, he soon found she was not keeping her promise. He sues through Samuel Ginsberg, attorney.

ited a vacant house adjacent to the home of Bloomfield and there found the 115 gallons, being aged by means of heat from a stove.

Bloomfield and Modafari, entering pleas of not guilty, were held in $1,500 and $1,000 bond respectively, for their appearance for preliminary hearing March 26. They provided bond and were released.

According to Federal officers, this is the third time Bloomfield has been arrested for violations of Federal liquor laws. His first conviction was on June 19, 1929, when he was sentenced to serve nine months in Hamilton County Jail and was fined $500. He then was registered under the name of Ashbrook Bloomfield. Upon his second arrest, as Ashbury C. Bloomfield, the officers say, he was sentenced to serve one year in jail. This sentence was imposed January 10, 1933.

He is said also to have been arrested on a State liquor charge in Clermont County in 1933 and to have been fined $600.

holders, and complete financial statements through 1934 to May 15, 1935.

A list of all bills paid by the company during the past five days also is sought.

Rutherford says this information is necessary in connection with the plan of reorganization.

Cafe Owner Bound Over.

Angelo Risolo, 34, 8 Green Street, cafe owner at the southeast corner of Liberty and Main Streets, who was arrested by Federal liquor license inspectors last week for alleged failure to have a Federal permit to sell distilled spirits, was given preliminary hearing yesterday before Commissioner Hohmann. Risolo was held to the Federal Grand Jury. He provided his personal bond for $1,000.

Bank Receiver Answers Suit.

In the suit of Hamm and Vetter, Inc., Portsmouth, Ohio, against the First National Bank of Portsmouth and its receiver, yesterday filed an answer in District Court. He denies that the plaintiff is entitled


Article Text

Bank Receiver Answers Suit. In the suit of Hamm and Vetter, Inc., Portsmouth, Ohio, against the First National Bank of Portsmouth and its receiver, yesterday filed his answer in District Court. He denies that the plaintiff is entitled to priority on a claim for $3,360, said to represent a deposit made in the bank of February 27, 1933, upon representation of an official of the bank that it was solvent and that a check issued against the account for payment to a Pittsburgh concern would be paid in full in the usual course of business.

Enter Bankruptcy Petitions. Voluntary petitions in bankruptcy were filed in District Court yesterday by the following.

Wade Brown, baker 2156 Rice Street. Liabilities, $961.31. Assets, $481, all claimed exempt. Clarence Krekeler, assembler, 2341 Nicholson Avenue, Westwood. Liabilities, $450.45. No assets. John Williams Plummer, steel worker, Sciotoville, Ohio. Liabilities, $528.46. Assets, $500, all claimed exempt. Charles Wendell Stumpf, foreman, Franklin Furnace, Ohio. Liabilities, $327.73. Assets, $100, said to be exempt.


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Insurance Case Removed. Transcript of the record in the suit of Mrs. Margaret C. Burns, widow of James J. Burns, Ironton, Ohio, against the Conservative Life Insurance Company, Wheeling, W. Va., was transferred from Lawrence County Court of Common Pleas to Federal District Court yesterday on petition of the insurance company. Mrs. Burns seeks $5,000 with interest.

Damage Suit Trial On. Trial of the suit of Edward Coyle, machinist, 215 South Twelfth Street, Hamilton, Ohio, against the Pennsylvania Railroad Company, was begun before Judge Robert R. Nevin and a petit jury in District Court yesterday afternoon.

Coyle asks $15,000 damages for personal injuries he alleges he received September 18, 1928, when struck by a Pennsylvania train in Hamilton. He charges he was crippled permanently.

M. O. Burns, attorney, Hamilton, appeared for the plaintiff. Gregor B. Moorman of Maxwell and Ramsey, Cincinnati, is counsel for the railroad company.

To Sell HOLC Bonds. District Judge Robert R. Nevin, Cincinnati, yesterday granted an application of Stanley McCall, as Receiver of the First National Bank of Portsmouth, to sell Home Own-