Article Text
The First National Bank of Ambrose, N. D., was placed in receivership on February 29, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $37,148, which represented 37.8 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 20.96 per cent of their claims. The First National Bank of Arlington, Ga., was placed in receivership on March 8, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $59,642, which represented 57 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 32.55 per cent of their claims. The First National Bank of Mound City, Ill., was placed in receivership on December 19, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $199,767, which represented 84.7 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 82.57 per cent of their claims. The First National Bank of Pepin, Wis., was placed in receivership on July 23, 1926, and disbursements, including offsets allowed, to depositors and other creditors aggregated $152,245, which represented 60.5 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 55.665 per cent of their claims. The First National Bank of Laredo, Tex., was placed in receivership on November 30, 1931, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders for the benefit of the purchasing bank which was the sole creditor of the receivership and which received dividends amounting to 84.35 per cent of the aggregate sum of $136,817.