Hopkins County Bank (Madisonville, KY)

Episode Information

Episode Type
Suspension → Closure
Start Date
November 21, 1930
Location
Madisonville, Kentucky (37.328, -87.499)
Bank Type
state
Routing Number
73-0134

Metadata

Episode ID
Bank ID
City ID
210497441
Model
gpt-5-mini
Short Digest

Events (3)
1. November 21, 1930 Suspension
Cause
Government Action
Cause Details
Directors placed the bank's affairs in the hands of the state banking commissioner as a precautionary measure; bank failed to open.
Newspaper Excerpt
The Hopkins County bank failed to open its doors here today. A brief statement by the board of directors said it had been decided to place its affairs in the hands of the state banking commissioner in order to conserve its assets for its depositors.
Source
newspapers
2. November 21, 1930 Receivership
Newspaper Excerpt
place its affairs in the hands of the state banking commissioner in order to conserve its assets for its depositors.
Source
newspapers
3. March 17, 1931 Other
Newspaper Excerpt
The Hopkins County bank, which suspended operation here last November, has mailed to its 1,400 depositors a dividend of 25 per cent.
Source
newspapers

Newspaper Articles (19)
1. November 21, 1930 Messenger-Inquirer Owensboro, KY
Article from Messenger-Inquirer, November 21, 1930

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COMMISSIONER CONFIDENT Says Banks Open in Louisville are Solvent Louisville, Ky., Nov. 21.-W. A. Dicken, deputy state banking commissioner, said today he believed all Louisville banks not affiliated with those alr ady closed, were solvent. "If they were not," he said, "we would close them. Following the closing yesterday of two banks at New Albany, Ind., across the Ohio river from Louisville, other members of the New Albany Clearing House association met and pledged aid to each other should runs develop. The Crestwood bank, a small institution in a suburb of Louisville, did not open this morning. HOPKINS BANK CLOSES Madisonville, Ky., Nov. 21. UP:The Hopkins County bank failed to open its doors here today. A brief statement by the board of directors said it had been decided to place Its affairs in the hands of the state banking commissioner in order to conserve its assets for its depositors, The bank. established in 1890, had deposits of $696,000 and resources of $865,000. A. R. Cummings, Jr., president, said the bank was solvent, but was closed as precautionary measure. The other three banks here proclaimed themselves in good condition. ASHEVILLE BANK CLOSES Asheville, N. C., Nov. 21. (/P)The American National bank here failed to open today bringing the total number of banks to close in western North Carolina in two days to nine. The bank had deposits of $2,000,000.

2. November 21, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, November 21, 1930

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PAGE 2A IN KENTUCKY; 9TH Great Atlantic & Pacific Tea Co. and Louisville Manager Charged With Circulating False Rumors About Bank. SIX SUSPENSIONS, IN SOUTH INDIANA Long Lines of Depositors Gather at Postoffice Officers of Other Depositories Say They Can Meet Demands. Nov number of banks in Kentucky have suspended operations the brought announcement that the Crestwood Bank small deposItory suburb Louisville and the Hopkins county bank of Madisonville would open this morning The closing of the lat bank was termed precautianary measure Dicken Deputy State Banking Commissioner said he thought all Louisville banks not with the National Bank of Kentucky. first to close were they were he would close them The Great Atlantic and Pacific Tea and its local manager bert Ivison, charged in rant sworn out by Bank with willfully issuing false statement that the bank had closed. Ivison. who arrested and leased bond said had been made had been soon as possible and that ground for charges willful action On petition of Cammack appointed for Louisville Trust affillated with the National Bank of Kentucky center banking activity here moved over to postoffice today and shift in postoffice personnel was necessary to handle the long lines of depositors. officials other banks said that there more than usual activity most of they condition to meet demands. Following the closing yesterday New Albany Ind., across the Ohio River from Louisville, other members of the Clearing House and pledged aid to each other should develop. The Clearing House Association voted not to permit of time deposits accounts certificates of unless days' nogiven, as required by Inbuilding and loan took similar dewould require 30 days since such operated banks and equipped two Louisville banks brought the total of that have suspended to suburban banks have have and outside president of the Bank killed himself yesterday the Bank deposits Bank deposits both Louisville Trust deposits Union Central The bank and their presthey Southern Indiana Banks Put Hands State. Nov Southern bordering Ohio hands Banking today Luther State Bank the State Bank and American Trust both the County State Bank of English the State Bank Jackson Bank Corydon Junction the Old Capitol Bank & Trust Directors of New Albany positories and cided request State banking ficials to take charge banks failed to open today. Closing of six banks of the failure of of Louisville banks ago About posits said to be tied up the banks Tenth Closing in Two Days in Western North Carolina. The American National Bank here and the First Bank Trust Co. to open this the total number of banks closed Western North days note said the American National been to protect On date the last American National

3. November 21, 1930 Evening Star Washington, DC
Article from Evening Star, November 21, 1930

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WARRANT FOLLOWS FALSE BANK RUMOR A. & P. Tea Co. Accused of Circulating Story-Ninth Failure in Carolina. By the Associated Press. LOUISVILLE, Ky., November 21.The Great Atlantic and Pacific Tea Co. and its local manager, Albert Ivison, were charged with willfully circulating false rumors about the Stockyards Bank here. today. The action followed five days of financial stress which closed nine banks in this county, six in other parts of the State and six along the Southern Indiana border. Under Kentucky law it is a felony willfully to circulate false rumors that would embarrass a bank, and the Stockyards Bank announced it was in excellent condition. Its warrant charged the tea company notified its local store managers yesterday the Stockyards Bank had closed. At Ivison's office it was said he would make an explanatory statement. The Kentucky banks to close, beginning with the closing Monday of the $ 4,000,000 National Bank of Kentucky, was brought to 15 by failure of the Hopkins County Bank of Madisonville to open. On petition of Attorney General Cammack a receiver was appointed for the Louisville Trust Co., affiliated with the National Bank of Kentucky, which is in Federal receivership. The center of banking activity here moved over to the post office today and a shift in post office personnel was necessary to handle the long lines of depositors. Meanwhile officials of other banks said that while there was more than usual activity at most of them, they were in condition to meet demands. PUTS LOSS AT $50,000.

4. November 21, 1930 The Asheville Times Asheville, NC
Article from The Asheville Times, November 21, 1930

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COUNTY MAY BE FORCED TO CUT SCHOOL OUTLAY from Page they the days to come. Ample for Payroll The cash in banks, the ple to meet all demands and payments until the The deposit at the Central Bank and Trust company secured by Mr. Anderson impossible to say what the actual value of the securities good portion and other which difficult to realize Security for on dethe said to excellent and might readily be negotiated The value the securities Security the Biltmore Oteen banks was also declared very total $75,000 and personal bonds, Suspends Payments On the county suspended the treasurer's office to stop pay ing Friday laying plans to standing checks They had reached no decision matter at o'clock in the afternoon When the of county take office additional diffiby finding due on On Jan. est payment be due. Returned Though the commisisoners Madisonville, Ky. no official announcement. It was auBank is Closed $865,000. Cummings said bank but closed as precautionary Hopkins County Bank ure. failed to open its doors here today. brief statement by the board PARIS, Nov. Negro Bank In directors said had been decided First State Trust to place its affairs the Irands one Nashville Closes the of Paris the state banking failed open today order to conserve its assets for the Nov. steady counts Peoples Bank Trust Company. The in 1890. had during the negro bank, closed its here tolast two weeks deposits of and resources following run which started

5. November 22, 1930 The Owensboro Messenger Owensboro, KY
Article from The Owensboro Messenger, November 22, 1930

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COMMISSIONER CONFIDENT Says Banks Open in Louisville are Solvent Louisville, Ky., Nov. Dicken, deputy state commissioner, said today he believed all Louisville banks not affiliated with those closed, solvent. "If they were he said, would close them.' Following the closing yesterday of two banks Albany, Ind., across the Ohio river from Louisville, other members of the New Albany Clearing House association met and pledged aid to each other should runs develop. The Crestwood bank, small stitution in suburb of Louisville, did not open this morning. HOPKINS BANK CLOSES Madisonville, Ky., Nov. The Hopkins County bank failed open its doors here today. brief statement by the board of directors had been decided to place its affairs the hands of the state banking in der to conserve its assets for its The bank. established in 1890. had deposits of and resources Cummings, said the bank was solvent, but was closed as precautionary measure. The other three banks here proclaimed themselves in good condition. ASHEVILLE BANK CLOSES Asheville, Nov. The American National bank

6. November 22, 1930 The Owensboro Messenger Owensboro, KY
Article from The Owensboro Messenger, November 22, 1930

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SIFT PROMISED Nashville, Tenn., Nov. Governor Horton, pledged "full complete of ment result financial difficulties which the receivership Caldwell Company, investment bankers. HOPKINS BANKS SOUND Madisonville, Nov. Statements were issued this after. noon by President Stum of the Farmers National bank, Presi. dent Ruby, of the Kentucky Bank Trust and President D. W. Jenkins of the CitiBank Trust company, the three banks operating here, following the the Hopkins County bank today, that their sound, solvent and prepared to care for any emergency that may arise.

7. March 6, 1931 The Courier-Journal Louisville, KY

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HOPKINS BANK PAYMENT NEAR Special The Journal Madisonville, Ky., March 5.-First to depositors of the Hopkins payment County Bank, which suspended operations last November and has been in the hands State Banking Commissioner for liquidation since, to be made J. L. Hughett, cial deputy banking commissioner announced tocharge He said payment of about cent would made about per all claims are filed in March time.

8. March 18, 1931 The Cincinnati Enquirer Cincinnati, OH

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CLOSED BANK PAYS DIVIDEND Madisonville, Ky. March Hopkins County which suspended here in November today mailed to its depositors dividend of 25 per cent totaling $165.The bank in charge of Special Deputy Banking Commissioner

9. March 18, 1931 The Owensboro Messenger Owensboro, KY

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Closed Hopkins Bank Is Paying 25% Dividend Madisonville, Ky., March 17 (AP -The Hopkins County bank, which suspended operation here last November today mailed to Its 1400 depositors dividend of 25 per cent totaling The bank is in charge of L Hughlett, special deputy banking commissioner

10. March 20, 1931 The Daily Independent Maysville, KY

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Kentucky Briefs handbooks pleaded guilty Wednesday to of breach of the were fined an aggregate of The man were arrested in a series of police raids during the past few days. her Earle Combs and other big Irague stars got their start on the diar ond, will have no baseball team year to represent it in collegiate circles. Athletic authorities could locate only two Kentucky colleges which have teams this year and found difficulty preparing a schedule. IRVINE Petition for an injunetion against the county judge, county attorney and fiscal court of Estill county. and the state highway commission to prevent the building of a section of the Irvine-Winchester highway from Harg to Trapp, has been filed by nine Estill county MR. COVINGTON Alfred Cunningham, 37 years old, of Cincinnati, died in St. Elizabeth hospital here Wednesday night of gunshot wounds suffered in what Covington police described as a racketeer war. LOUISVILLE-Net income of the Kentucky Utilities Company in 1930 amounted to $1,894,257 according to the report submitted by L. B. Herrington, president, at the annual stockholders' meeting here. LOUISVILLE-The eight and a half pound infant daughter of Mr and Mrs. Calvin Robinson was being kept alive in an incubator at a hospital here. An inhalator was used to start breathing when the child's respiration had not started an hour after birth. IRVINE- carload of foodstuff was received here by the local chapter of the Red Cross from the Suffolk County Farm and Home Bu- of L I., as a gift to the atedy of Notill county. The local headquarters of the Red Cross will be in charge of distribution of the food, which will go to the 1,000 families that are being aided in this county. FRANKFORT-Witnesses attending a Justice of the Peace court in which they do not reside are entitled to fee of $1 for each day's attendance, Samuel B. Kirby, Jr., Assistant Attorney General Tuesday advised Charles Montgomerly, Sheriff of McLean County. HENDERSON-W. E. Miller. 55 years old, restaurant proprietor. was arrested in connection with a fire that destroyed two homes and damaged a drug store-pestoffice last week at Smith Hills, near here. He was charged with arson. LOUISVILLE Miss Elisabeth Mudd, 16 years old. told police she was abducted by two men as she 16th school and forced to ride on the floor of their automobile for three hours, She said she escaped when the car ran out of gasoline by jumping from the vehicle when one of the men went after fuel and the other was not looking, MADISONVILLE Hopkins County Bank, which suspended operation here in November, has mailed to its 1,400 depositors a dividend of 25 per cent, totaling $165,000. The bank is in charge of J. L Hughlett, Special Deputy Banking Commissioner.

11. August 23, 1931 The Paducah Sun Paducah, KY

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COMPANION OF WEALTHY JAP IS SENT TO CLINIC Police Continue Quiz of Girl In Death of Importer; Illness Unknown NEW YORK, Aug. 22 (P)-Miss Mary Von Refssner, companion of Hisashi Fujimura, wealthy importer, on the Halifax boat trip during which he disappeared, is going to the hospital, her attorney announced today. The nature of her Illness was not revealed. The former showgirl appeared at the federal building with her lawyer for further questioning in connection with the importer's disappearance and reporters pressed forward to question her She turned away and the lawyer, Walter Godfrey, interposed: "Please don't bother her," he said. "I'm going to put this young lady in the hospital.' in Louisville Nov. 17, were later consolidated into the Mutual Standard bank. The bank resulting from the merger May of this year and is being liquidated. Liquidating agents have been appointed for the following banks closed since November: Owsley County bank, Booneville, $100,329; Union Central bank, Louisville $503,578; Bankers Trust company, Louisville, $553,279; Hopkins county bank, Madisonville, $717,587; Woodbury Deposits bank, Woodbury, $37,693; Citizens Bank & Trust Co., Middlesboro, $495,977; Webster County Bank, Clay, $164,676; bank of Ludlow, Ludlow, $636,359; Bank of Hardinsburg & Trust Co., Hardinsburg, $523,381. Liquidating agents have not been appointed for five state banks which have closed since the first of July. These banks are: Citizens bank, Drakesboro, $81,755; Bank of Barlow, Barlow, $91,910; Butler Deposit bank, Butler, $614, 388; Bank of Wayland, Wayland, $145,348; Beaver Valley State bank, Weaksbury, $112,269.

12. September 10, 1931 The State Journal Frankfort, KY

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STATE BANKING COMMISSION WOULD RECOVER $32,000 ON BANK NOTE COLLECTIONS MADISONVILLE, Ky., Sept. 9 (By A.P.)-C. S. Wilson, State Banking Commissioner, and J. L. Hughett, special deputy in charge of liquidation of the Hopkins County Bank, which suspended here last November, today filed six suits *in Circuit Court here to recover approximately $32,000 on note collections. Sale of collateral stock and property also are asked. The defendants and sums sought as judgments are: David Ramsey, $15,295.66; J. K. Ramsey, former director of the bank, $13,931.99 Chickasaw Coal Company, $1,183.11; John and Rose Hald, $799.82; Lynna and H. D. Cowand, $877.36, and J. H. and Willie Miller, $100.

13. September 10, 1931 The Paducah Sun Paducah, KY

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Sue to Collect On Closed Bank's Notes MADISONVILLE, KY., Sept. 10 (P)-C. S. Wilson, state banking commissioner, and J. L. Hughett, special deputy in charge of liquidation of the Hopkins county bank, which suspended here last November, have filed six suits in circuit court here to recover approximately $32,000 on note collections. Sale of collateral stock and property also are asked. The defendants and sums sought as judgments are: David Ramsey, $15,295.66; J. K. Ramsey, former director of the bank, $13,931.99, Chickasaw Coal company, $1.183.11; John and Rose Hald, $799.82; Lynna and H. D. Cowand, $877.36; and J. H. and Willie Miller, 100.

14. August 5, 1932 Evansville Courier and Press Evansville, IN

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CLOSED HOPKINS BANK FREED OF OBLIGATIONS MADISONVILLE Ky Counbank, which operation 1930, was held not ble for of payment county and school taxes on $66,798 by County Judge Shain who held that bank when assessed 1931, no capital stock, surplus or undivided

15. September 11, 1932 The State Journal Frankfort, KY

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BANKER NAMED IN SUIT MADISONVILLE, Ky., Sept. 10 (By R. Cummings, president and director of the Hopkins County Bank when it suspended operation November 21, 1931. was named defendant today in circuit court action here in which judgment for $11,000 is sought against him as a result of the bank's suspension. James R. Dorman, State Banking and Securities Commissioner. and W. Lindsay, who is liquidating the bank's affairs, are plaintiffs.

16. September 11, 1932 The Courier-Journal Louisville, KY

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President of Defunct Bank Sued for $11,000 A. R. Cummings Has Refused to Pay Assessment On Stock, Claim. Special to The Courier-Journal. Madisonville, Ky., Sept. 10.—A. R. Cummings, president and director of the Hopkins County Bank when the institution suspended operation November 21, 1930, is named defendant in a Circuit Court action here in which judgment is sought against him for $11,000, as the result of the bank's suspension. The suit filed by State Senator Charles G. Franklin for James R. Dorman, State Banking and Securities Commissioner, and C. W. Lindsay, his deputy in charge of liquidation of the affairs of the Hopkins County Bank, asserts that Cummings, as president, owns 110 shares of the capital stock of the bank, and that under a Circuit Court ruling all stockholders are to be assessed for the par value of their stock. It is asserted by plaintiffs that demand has been made on Cummings for payment of the sum asked and that he refused to pay.

17. September 11, 1932 Evansville Courier and Press Evansville, IN

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FORMER BANKER SUED ON STOCK MADISONVILLE Ky., Sept. R. president and director of the Hopkins county bank when it suspended operation November 21, 1930, was named deendant in court tion here in which judgment for sought against him as result of the bank's suspension James R. Dorman, state banking and securities commissioner, and C. W. Lindsay, who is liquidating the affairs, are plaintiffs It asserted in the action that owned 110 shares of the bank's capital stock when it suspended and now owns it and refused payment when demand was made,

18. September 13, 1932 The Hustler Madisonville, KY

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Suit Filed In Failure Of Bank Here Arthur R. Cummings, president and director of the Hopkins CounBank when that institution suspended operation November 21, 1930, by order of the bank's directors, is named defendant in an action filed in circuit court clerk's office late Friday in which $11,000 judgment sought against Cummings as an aftermath of the bank's suspension. The suit has been filed State Senator Charles G. Franklin as counsel for James Dorman, state banking and securities commissioner of Kentucky, and W. Lindsay, special deputy banking commissioner in charge of liquidation of the Hopkins County Bank. It asserted in the petition that Cummings was, when the bank and owner of 110 shares of capital stock of the that pursuant to order of the Hopkins circuit court all stockholders of the bank were to be assessed in amount equal to the par value of the capital stock owned and held by each to liquidate the affairs of the bank: and that par value of Cummings' stock the judgment sought: that demand has been made on Cummings for payment and he has refused and declined to pay the amount sought.

19. August 4, 1935 Evansville Press Evansville, IN

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CLOSED BANK TO PAY 5 PER CENT Will Make Total of $350,000 In Dividends Special Correspondence MADISONVILLE, Ky., Aug. 3.—Announcement has been made by C. W. Lindsay, special banking commissioner in charge of the liquidation of the Hopkins County Bank here, that a 5 per cent dividend will be paid to depositors shortly after Aug. 10. This will make 50 per cent, amounting to $350,000, paid to depositors since the bank suspended.