764901575 76490
national
197789e78156c861Full suspension
Other: Board closed bank and placed it in hands of the Comptroller of the Currency / voluntary liquidation leading to receivership.
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LOGAN BANK IS CLOSED FRIDAY Logan, O., March 20, (U.P.) The First-Rentel National Bank here closed its doors today due to a heavy run and continued withdrawals. A notice posted on the door said the board of directors had adopted a resolution to close the bank and place It In the hands of the comptroller of currency. The notice was posted by Thrimble Smith, National Bank examiner.
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BANK AT LOGAN CLOSES TODAY Logan, O., Mar. 20. (UP)- The First National Bank here closed its doors today due to a heavy run and continued withdrawals. A notice posted on the door said the board of directors had adopted a resolution to close the bank and place it in the hands of the conptroller of currency. The notice was posted by Thrimble Smith, national bank examiner. A statement issued by A. F. White, vice-president, said: "Owing to a continued run due to malicious and unwarranted gossip, it was decided by the board of directors to further protect the interest of the depositors and community by placing the bank in voluntary liquidation. A run was started on the bank two weeks ago and has continued ever since. Capital stock on the bank is listed as $100,000 and resources at $250,000. The bank resulted from a merger of the First National and Rentel National banks two years ago.
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Logan Bank Closes By Order Of Board United The First tel National bank here closed its doors today due heavy run and continued withdrawals notice posted the door the board of directors had adopted to close the bank and place in the hands of the comptroller of currency notice was posted by Thrimble Smith. national bank examiner. statement issued by A. F. White, vice president said "Owing to continued run due unwarranted gossip, was decided by the of further the interest of the depositors and by placing the in voluntary liquidation run started on the bank two weeks and has continued Capital stock of the bank listed as $100,000 and reat $250,000
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RECEIVER FILES SUIT FOR BANK Secks to Recover Securities Deposited in Institution Before Its Failure. Columbus, O., Aug. 29, (U.P)-C. Jones, receiver for the National Bank, Logan, O., has filed sult in federal court against H. Troxel, treasurer, and county commissioners of Hocking county to cover $63,000 In securities and bonds which the bank gave the county to protect county deposits less than month before the bank crashed. Jones alleged that the bank was Insolvent or In immediate danger of so being when the county officers, alarmed frim on the bank, on Feb. 28 forced the bank to give the additional security to protect $100,000 county reposits. The bank went into receivership March 19, 1931.
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RECEIVER Columbus, Ohio, Aug. Jones, receiver for the National Bank, Logan, Ohio, has filed suit in federal court against H. Troxel, treasurer, and county commissioners of Hocking county to recover $63,000 in curities and bonds which the bank gave the county to protect county deposits less than month before the bank crashed. Jones alleged that the bank was insolvent in immediate danger of so being when the county officers, alarmed at run on the bank, on February 28 forced the bank to give the additional security to protect $100,000 in county deposits. The bank went into receivership on March 19, Andrew Brown, of Memphis made perfect score in grade examination, high mark in second grade tests, and was promoted without dely to the third grade.