gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
43049ce9cbd42a6d
Response Measures
None
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%
Events (6)
1.September 29, 1905Chartered
Source
historical_nic
2.December 1, 1928*Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed its doors voluntarily after a series of losses over several years.
Newspaper Excerpt
Lawrence E. Lyons ... took charge of the assets of the First National bank at Warren yesterday ... the institution, which closed its doors voluntarily few days ago.
Source
newspapers
3.December 7, 1928Receivership
Source
historical_nic
4.December 12, 1928Receivership
Newspaper Excerpt
LYONS IS NAMED BANK RECEIVER ... took charge of the assets of the First National bank at Warren yesterday ... Carlos B. Dawes ... had been appointed to act receiver for the institution, which closed its doors voluntarily few days ago.
Source
newspapers
5.April 13, 1930Receivership
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. He will succeed Lawrence Lyons.
Source
newspapers
6.November 15, 1930Other
Newspaper Excerpt
THREE CLOSED BANKS WILL MAKE PAYMENTS ... In a short time he will 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)
1.December 12, 1928The Huntington PressHuntington, IN
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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
2.April 13, 1930The Indianapolis StarIndianapolis, IN
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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
3.April 14, 1930The Indianapolis TimesIndianapolis, IN
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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.
4.April 14, 1930The Star PressMuncie, IN
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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.
5.April 14, 1930The Indianapolis TimesIndianapolis, IN
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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.
6.November 15, 1930The Indianapolis TimesIndianapolis, IN
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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.
7.November 15, 1930The Indianapolis TimesIndianapolis, IN
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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.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
