First National Bank (Linton, IN)

View Charter #7411 on SPMC View balance sheet

Episode Information

Episode UID
741101624
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
74110 national
Charter Number
7411
Start Date
April 17, 1935
Location
Linton, Indiana (39.035, -87.166)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
730421addc76435f

Response Measures

None

Receivership Details

Depositor recovery rate
95.3%
Date receivership started
1934-02-01
Date receivership terminated
1941-05-12
Share of assets assessed as good
58.9%
Share of assets assessed as doubtful
36.6%
Share of assets assessed as worthless
4.4%

Description

Receiver appointment by the controller indicates the bank was closed and placed in receivership.

Events (4)
1. September 24, 1904 Chartered
Source
historical_nic
2. February 1, 1934 Receivership
Source
historical_nic
3. April 17, 1935 Receivership
Newspaper Excerpt
Wilbur Baldwin of New Harmony ... has been appointed receiver for the First National bank of Linton.
Source
newspapers
4. April 17, 1935 Suspension
Cause
Government Action
Cause Details
Controller of the currency appointed a receiver and the bank was placed in receivership/closed by authorities.
Newspaper Excerpt
Wilbur Baldwin ... has been appointed receiver for the First National bank of Linton.
Source
newspapers

Newspaper Articles (4)
1. April 18, 1935 Evansville Courier and Press Evansville, IN

Article Text

Named Bank Receiver NEW HARMONY, April 17.—(Special)—Wilbur Baldwin of New Harmony, who has been receiver for the Jasonville bank for more than a year, has been appointed receiver for the First National bank of Linton. He will also continue his work in Jasonville.

2. April 18, 1935 Evansville Courier and Press Evansville, IN

Article Text

Named Bank Receiver NEW HARMONY, April 17.—(Special)—Wilbur Baldwin of New Harmony, who has been receiver for the Jasonville bank for more than a year, has been appointed receiver for the First National bank of Linton. He will also continue his work in Jasonville.

3. August 1, 1935 The Indianapolis News Indianapolis, IN

Article Text

ATTORNEY IS NAMED FOR LINTON BANK RECEIVER WASHINGTON, August 1 (Spl.)—An end to the efforts of Indiana's senators to select an attorney for the receiver of the First National Bank of Linton came today when the controller of the currency, acting on the joint recommendation of the senators, authorized the receiver to appoint Fred Dobbyn, of Washington, Ind., who months ago was first recommended by the junior senator, Sherman Minton. At that time Frederick VanNuys, senior senator, recommended C. C. Hendren. To break the deadlock the senators recently joined in a recommendation of Paul Haywood, Bloomfield, but Haywood was rejected when the controller learned he was under a suspended sentence of the Greene circuit court for embezzlement and forgery. Then the senators agreed on Dobbyn.

4. August 1, 1935 The Indianapolis News Indianapolis, IN

Article Text

WASHINGTON, August 1 (Spl.)—An end to the efforts of Indiana's senators to select an attorney for the receiver of the First National Bank of Linton came today when the controller of the currency, acting on the joint recommendation of the senators, authorized the receiver to appoint Fred Dobbyn, of Washington, Ind., who months ago was first recommended by the junior senator, Sherman Minton. At that time Frederick VanNuys, senior senator, recommended C. C. Hendren. To break the deadlock the senators recently joined in a recommendation of Paul Haywood, Bloomfield, but Haywood was rejected when the controller learned he was under a suspended sentence of the Greene circuit court for embezzlement and forgery. Then the senators agreed on Dobbyn.