Peoples Ticonic National Bank (Waterville, ME)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
March 4, 1933
Location
Waterville, Maine (44.552, -69.632)
Bank Type
national
Charter Number
880
Alt. names
Peoples National Bank

Metadata

Receivership Details

Depositor recovery rate
85.0%
Date receivership started
1933-11-06
Share of assets assessed as good
35.7%
Share of assets assessed as doubtful
60.7%
Share of assets assessed as worthless
3.6%

Notes

The articles discuss post-closure litigation and bankruptcy claims involving the receiver; the suspension date is inferred from the 1933 banking holiday context.

Events (4)

1. March 13, 1865 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
The bank likely suspended during the March 1933 banking holiday and never reopened, leading to the known receivership.
Source
newspapers
3. November 6, 1933 Receivership
Newspaper Excerpt
receiver for the Peoples Ticonic National bank
Source
newspapers
4. November 6, 1933 Receivership
Source
historical_nic

Newspaper Articles (2)

Article Text

MAINE MATTERS

Court Orders Boy Whipped. A ten-year-old Augusta youth, charged with several thefts in that city, was sentenced to "a darn good licking" by his father in Augusta municipal court Monday morning. Thefts of nearly a set of silverware from the Maine Central freight yards, theft of a gun from a parked automobile and several others were admitted by the youth. Other complaints had been received by Augusta police authorities. Unable to send the boy to

on the morning of April 21, at 4.55. It is estimated that more than 2,000 persons will attend.

Sues Bank Receiver. Charles H. Pulsifer of Waterville filed a suit for $2,000 in the United States district court in Portland Tuesday against Arthur G. Picher of Waterville, receiver for the Peoples Ticonic National bank. He alleges that money is due him from the bank.

Restaurant Riot. Smashing their way into the Kozy Cafe in Portland through glass windows and doors after they had been denied admittance, seven men said by police to be soldiers,


Article Text

Parsons' Creditors To Meet On Sept. 27

AUGUSTA, Sept. 13β€”First meeting of creditors of Wallace E. Parsons of Waterville, whose petition in bankruptcy was adjudicated Thursday at the office of Referee Walter M. Sanborn here, will be held Sept. 27 at 8 a. m. (EST) in the office of Mr. Sanborn.

Parsons listed his liabilities at $258,060.40 and assets at $1,950.38, of which $350 is claimed exempt.

The priority creditors are: Town of Concord, taxes, 1934 and 1935, $28; town of Bingham, taxes, 1934 and 1935, $38.40.

The secured claims include: Receivers of Fidelity Trust Company, Portland, $37,061.98; Merrill Trust Company of Bangor, $13,128.75; receiver of People's Ticonic National Bank of Waterville, $19,511.23; First National Bank of Portland, $1,200.