Lynch National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12649
Charter Number: 12649
Start Date: October 1, 1933*
Location: Lynch, Kentucky (36.966, -82.922)

Metadata

Model: gpt-5-mini
Short Digest: 2165717c

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-10-03
Date receivership terminated: 1938-03-31
Share of assets assessed as good: 48.2%
Share of assets assessed as doubtful: 47.5%
Share of assets assessed as worthless: 4.3%

Description

The bank was placed in receivership (National Bank in Charge) in October 1933 and remained closed; articles (Mar and Sep 1934) describe dividends paid by the receiver. No run is mentioned. Cause of suspension is government action (receiver assigned by the Comptroller of the Currency).

Events (6)

1. March 2, 1925 Chartered

Source: historical_nic

2. October 1, 1933* Receivership

Newspaper Excerpt: W. Hines ... was placed in charge of the bank as receiver by ... the Comptroller of the Currency. Hines has been in charge of the Lynch National since last October ... settling the affairs of the institution.
Source: newspapers

3. October 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership by the Comptroller of the Currency in October 1933.
Newspaper Excerpt: placed in charge of the bank as receiver by ... the Comptroller of the Currency
Source: newspapers

4. October 3, 1933 Receivership

Source: historical_nic

5. March 14, 1934 Other

Newspaper Excerpt: HINES BEGINS PAYING DEPOSITORS OF LYNCH BANK TODAY, REPORT ... began paying depositors of the closed bank an additional 15 per cent of their de[...] This is the second payment depositors received payment of 20 per cent having been ... Hines has been in charge of the Lynch National since last October and has made much progress in settling the affairs of the institution.
Source: newspapers

6. September 4, 1934 Other

Newspaper Excerpt: The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent, which makes total of 45 per cent paid depositors in 11 months since October 1933 when W. Hines ... was placed in charge of the bank as receiver by ... the Comptroller.
Source: newspapers

Newspaper Articles (2)

1. March 14, 1934 The Park City Daily News Bowling Green, KY

Article from The Park City Daily News, March 14, 1934

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Article Text

HINES BEGINS PAYING DEPOSITORS OF LYNCH BANK TODAY, REPORT W T Hines of this city who is National Bank in charge of the settlement of the affairs of the Lynch National Bank at Lynch Kentucky today began paying depositors of the closed bank an additional 15 per cent of their deThis is the second payment depositors received payment 01 20 per cent having been Mr Hines has been in charge of the Lynch National since last October and has made much progress in settling the affairs of the institution He has had many years of banking experience in his business career

2. September 4, 1934 The Park City Daily News Bowling Green, KY

Article from The Park City Daily News, September 4, 1934

Click image to open full size in new tab

Article Text

PARLEY OF SERVICE MEN SLATED TONIGHT A meeting of owners. salesmen. service, parts men and mechanics connected with businesses which re_ Eveready anti-freeze will be held at o'clock in the Neal building evening on State street The meeting. sponsored by the National Carbon Company manufacturers of Eveready products will be in charge the Motor and Electric Supply Company of this city Sales talks and demonstrations will be given and cold refreshments served Lynch Bank Paying Off The depositors of the Lynch National Bank Lynch, Ky. are now being paid dividend of 25 per cent of their deposits. Previous dividend payments amounted to 20 per cent. which makes total of 45 per cent paid depositors in 11 months. since October 1933 when W. Hines Bowling Green was placed in of the bank as receiver by of the Currency. Comptroller