Third National Bank (Fitzgerald, GA)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
June 3, 1915
Location
Fitzgerald, Georgia (31.715, -83.253)
Bank Type
national
Charter Number
8966
Alt. names
Ben Hill National Bank

Metadata

Receivership Details

Date receivership started
1915-06-03
Date receivership terminated
1915-07-19
OCC cause of failure
Fraud

Notes

Bank already in receivership; article discusses approved reorganization plans presented by Receiver Scudder.

Events (5)

1. December 17, 1907 Chartered
Source
historical_nic
2. June 3, 1915 Receivership
Newspaper Excerpt
REORGANIZATION PLANS APPROVED Mr. E. N. Davis, who accompanied Receiver Scudder of the Third National Bank to Washington to present the plans for reorganizing that institution to the Controller of the Currency, writes home that the Controller has approved the plans of the committee and that he will return to Fitzgerald about Sunday.
Source
newspapers
3. June 3, 1915 Receivership
Source
historical_nic
4. July 19, 1915 Restored To Solvency
Source
historical_nic
5. March 6, 1916 Receivership
Source
historical_nic

Newspaper Articles (10)

Article from The Leader-Enterprise, June 25, 1915

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Article Text

REORGANIZATION PLANS APPROVED Mr. E. N. Davis, who accompanied Receiver Scudder of the Third National Bank to Washington to present the plans for reorganizing that institution to the Controller of the Currency, writes home that the Controller has approved the plans of the committee and that he will return to Fitzgerald about Sunday.


Article from The Leader Enterprise and Press, March 13, 1916

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Article Text

# CREDITORS TO BE # DEALT WITH LENIENTLY The creditors of the Ben Hill National Bank will be given all the reasonable consideration that the exigencies of the bank's conditions warrant. Mr. Williams, receiver for the bank, stated that it is not his intention to place any unreasonable hardships upon the creditors of this institution, if they show any willingness to co-operate with him in getting the affairs in a working condition. Mr. Williams has been connected with the national banking department for the past 16 years, though not related to Hon. John Skelton Williams, Comptroller of the Currency he realizies thoroughly the difficulties arising in a community under like conditions and desires to wind up the affiars of this bank with as little friction as possible and without adding useless costs and annoyance to the creditors who are willing to do their part. Capt. Geo. Williams, of the 13th U. S. Cavalry, at Columbus N M., we learn is the son of Receiver Williams, American oficer wounded n the preisent dfficulty in Mexico, but news has reached his father that the in his arm is only slight and that he expects to be again on duty shortly.


Article from The Leader Enterprise and Press, December 13, 1916

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Article Text

BANK NOTICE Having sold the Ben Hill National. Bank Building and as the purchasers will take possession December 31st notice is hereby given to all parties having personal papers or documents here in the bank to remove same on or before December 27th, 1916. C. L. WILLIAMS, Receiver. 2t Ben Hill National Bank.


Article from The Leader Enterprise and Press, December 16, 1916

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Article Text

NOTICE TO TAX PAYERS It is imperative that I close the tax books for the year on Dec. 20, and all who have not yet paid state and county taxes are urged to come in before that time that they may suffer no inconvenience or expense thereby. Respectfully, F. M. Graham, Tax Collector. BANK NOTICE Having sold the Ben Hill National Bank Building and as the purchasers will take possession December 31st notice is hereby given to all parties having personal papers or documents here in the bank to remove same on or before December 27th. 1916. C. L. WILLIAMS, Receiver. Ben Hill National Bank. 2t


Article from The Leader Enterprise and Press, December 18, 1916

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Article Text

BANK NOTICE Having sold the Ben Hill National Bank Building and as the purchasers will take possession December 31st notice is hereby given to all parties having personal papers or documents here in the bank to remove same on or before December 27th, 1916. C. L. WILLIAMS, Receiver. 2t Ben Hill National Bank.


Article from The Leader Enterprise and Press, December 27, 1916

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BEN HILL NATIONAL PAYS FIRST INSTALLMENT TO DEPOSITORS The receiver of the Ben Hill National Bank gladdened the hearts of the depositors of the defunct Ben Hill National by the announcement of a 30 per cent dividend Tuesday.


Article from The Leader Enterprise and Press, January 3, 1917

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Article Text

Receiver C.L. Williams, of the Ben Hill National, has given possession to the recent purchasers of the bank building and has removed the records and effects of the bank into the office building of Mr. J. M. McDonald. immediately south of the Ben Hill Bank building where the affairs of the defunct bank will be closed up.


Article from The Leader Enterprise and Press, January 12, 1917

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Article Text

SHERIFF'S SALE GEORGIA--Ben Hill County. Will be'sold first Tuesday February, next, public outery at courthouse said county, within legal hours of sale to highest bidder for cash: All of lot of land number two hundred five in third land district of Ben Hill county, Georgia, together with all improvements thereon. Said property levied on as property of O. H. Elkins to satisfy execution issued from Superior Court Ben Hill county, favor of C.L. Williams, as Receiver Ben Hill National Bank of Fitzgerald, Ga., against O. H. Elkins. said property being in posession of O. H. Elkins. This Jan. 12, 1917. E. H. Dorminey, Sheriff.


Article from The Leader Enterprise and Press, January 19, 1917

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Article Text

SHERIFF'S SALE GEORGIA-Ben Hill County. Will be sold first Tuesday February, next, public outery at courthouse said county, within legal hours of sale to highest bidder for cash: All of lot of land number two hundred five in third land district of Ben Hill county, Georgia, together with all improvements thereon. Said property levied on as property of O. H. Elkins to satisfy execution issued from Superior Court Ben Hill county, favor of C. L. Williams, as Receiver Ben Hill National Bank of Fitzgerald, Ga., against O. H. Elkins, said property being in posession of O. H. Elkins. This Jan. 12, 1917. E. H. Dorminey, Sheriff.


Article from The Leader Enterprise and Press, April 13, 1917

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Article Text

# 2ND DIVIDEND ANNOUNCED Receiver C. L. Williams announces that the second dividend of 20 per cent will be ready for distribution to the former depositors of the Ben Hill National Bank by April 16th. Mr. Mercer Addison, of Leary, is spending a few days in the city on business.