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FARMER NAMED BANK RECEIVER Davilla Lamm to Settle Uniondale Accounts. Bluffton, Ind., May 5.-Davilla Lamm, prominent Rockcreek Township farmer. president of the county council of Wells County, today was appointed receiver of the Bank of Uniondale by Judge J. F. Decker after an entry of of that institution had been made by the court Bond of the receiver was fixed at The receivership action was inaugurated upon complaint R Lipkey, president of the Bank of Uniondale, and Arthur Lockwood, another stockholder The Bank of Uniondale is a private or partnership bank which was launched March 2. 1929 after the old State Bank of Uniondale had closed its doors. The Bank of Uniondale, the new institution, ceased to do a banking business March 19, 1930. when petition was filed, signed by 80 per cent of the stockholders. asking that be appointed to liquidate the bank The old National Bank of Bluffton was appointed trustee and has served in that capacity since. Believed to Be Solvent. The complaint recites that the trustee took charge of notes, accounts and bills receivable in the aggregate sum of $211,089.75. and that the bank owed depositors $151, 402 65 and other creditors $50,550.65 There has been liquidation by the allowance of offsets in the sum of 449 and collections by the trustee of $17,140.81 and collections by the Lincoln Bank and Trust Company and M. E. Stults. receiver of the Wells County Bank. in the sum of 261 62 on notes posted as collateral security on loans. It is recited in the complaint that when the Bank of Uniondale was closed was believed to be solvent, but that allowance of claims in the sum of $33 based on contracts with the old Uniondale State Bank, which were not known to be liabilities at the time the Bank of Uniondale closed. now makes the latter institution hopelessly insolvent. The appointment of a receiver, it