First National Bank (Warren, IN)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
December 7, 1928
Location
Warren, Indiana (40.683, -85.427)
Bank Type
national
Charter Number
7930

Metadata

Receivership Details

Depositor recovery rate
58.0%
Date receivership started
1928-12-07
Date receivership terminated
1936-06-26
OCC cause of failure
Governance
Share of assets assessed as good
52.3%
Share of assets assessed as doubtful
31.5%
Share of assets assessed as worthless
16.2%

Notes

OCR errors in articles corrected (e.g., Lyons name and wording).

Events (6)

1. September 29, 1905 Chartered
Source
historical_nic
2. December 7, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Series of losses over several years led the bank to close its doors voluntarily and suspend payments.
Newspaper Excerpt
charge of the assets of the First National bank at Warren yesterday ... appointed receiver for the institution, which closed its doors voluntarily few days ago
Source
newspapers
3. December 7, 1928 Receivership
Newspaper Excerpt
Lawrence E. Lyons ... took charge of the assets of the First National bank at Warren ... was ... appointed receiver for the institution
Source
newspapers
4. December 7, 1928 Receivership
Source
historical_nic
5. April 14, 1930 Other
Newspaper Excerpt
Robert Hartman has been notified by the controller of currency ... of his appointment as receiver of the First National bank at Warren, which closed fifteen months ago
Source
newspapers
6. November 15, 1930 Other
Newspaper Excerpt
Robert Hartman ... says that he is arranging ... to pay a 10 per cent dividend to the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.
Source
newspapers

Newspaper Articles (7)

Article from The Huntington Press, December 12, 1928

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Article Text

LYONS IS NAMED BANK RECEIVER

Former Republican Chieftain Takes Charge of Warren Bank

Lawrence E. Lyons of Brooke, Ind., former head of the Republican state commitee, charge of the assets of the First National bank at Warren yesterday, was Carlos B. Dawes of Columbus, Ohio, neuhew of Vice-President Charles G. Dawes, had been appointed to act 68 ceiver for the institution, which closed its doors voluntarily few days ago Mr. Dawes went Warren several days He and Mr. Lyons were at the bank yesterday, but it is understood that will leave as soon transfer has taken place. series of losses ove several years was mid sponsible for the closing officials of which said would pay its depositor


Article from The Indianapolis Star, April 13, 1930

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Article Text

Robert Hartman Named Warren Bank Receiver

NOBI April Robert Hartman of this has the controller of the notified by his appointment as receiver rency for the First National bank at ren which closed than year He the place Law state resigned Mr Hart now for five national banks central Indiana They are Sheridan Arcadia Farmland and Warren


Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., April 14.Robert Hartman has been notified by the controller of currency at Washington of his appointment as receiver of the First National bank at Warren, which closed fifteen months ago. He will succeed Lawrence Lyons, former Republican state chairman, who resigned. Hartman now is acting as receiver for five national banks in this part of the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.


Article from The Star Press, April 14, 1930

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Article Text

HARTMAN IS APPOINTED WARREN BANK RECEIVER

Noblesville, Ind., April -Robert Hartman. of this city, has been notified by the controller of the of his appointment as receiver for the First National bank at Warren. which closed more than a year ago. He takes the place of Lawrence Lyons, former Republican state chairman, who resigned. Mr. Hartman is now receiver for five national banks in north central Indiana. They are at Noblesville. Sheridan, Arcadia, Farmland and Warren.


Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen

Ind., April Robert Hartman been notified controller currency Washington of his appointment receiver of the First National Warren. which closed fifteen months will Lawrence Lyons, former Republican chairman, resigned. Hartacting as receiver for five national banks part the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.


Article from The Indianapolis Times, November 15, 1930

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Article Text

THREE CLOSED BANKS WILL MAKE PAYMENTS Depositors at Arcadia, Farmland and Warren to Get Dividends. Bu Times Special NOBLESVILLE, Ind., Nov. 15.Robert Hartman of this city, receiver for several banks in central Indiana, says that he is arranging for some Christmas money in the way of dividends for depositors which will be ready for distribution in a few days. The first payment will be a 10 pe rcent dividend to depositors of the First National bank of Arcadia. This will make 80 cents on the dollar paid so far. He is also arranging to pay a 25 per cent dividend to depositor of the New National bank of Farmland. This will be the first dividend of this bank, which was closed last summer. In a short time he will pay a 10 per cent dividend 10 the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.


Article from The Indianapolis Times, November 15, 1930

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Article Text

THREE CLOSED BANKS WILL MAKE

Depositors at Arcadia, Farmland and Warren to Get Dividends.

Ind., Nov Robert Hartman this receiver for in Indiana, that he for in the dividends for will be ready for distribution few The first will be rcent dividend First bank Arcadia will 80 cents on the dolpaid so arranging to pay cent dividend National bank of Farmland. This will the first dividend this bank, which closed last summer. In short time 10 dividend pay National bank This will the third making total of 50 cents the dollar.