Bank already in receivership; article discusses approved reorganization plans presented by Receiver Scudder.
Events (5)
1.December 17, 1907Chartered
Source
historical_nic
+7.5 years
2.June 3, 1915Receivership
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
same day
3.June 3, 1915Receivership
Source
historical_nic
+46 days
4.July 19, 1915Restored To Solvency
Source
historical_nic
+8 months
5.March 6, 1916Receivership
Source
historical_nic
Newspaper Articles (10)
1.June 25, 1915The Leader-EnterpriseFitzgerald, GA
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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.
2.March 13, 1916The Leader Enterprise and PressFitzgerald, GA
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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.
3.December 13, 1916The Leader Enterprise and PressFitzgerald, GA
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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.
4.December 16, 1916The Leader Enterprise and PressFitzgerald, GA
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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
5.December 18, 1916The Leader Enterprise and PressFitzgerald, GA
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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.
6.December 27, 1916The Leader Enterprise and PressFitzgerald, GA
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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.
7.January 3, 1917The Leader Enterprise and PressFitzgerald, GA
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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.
8.January 12, 1917The Leader Enterprise and PressFitzgerald, GA
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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.
9.January 19, 1917The Leader Enterprise and PressFitzgerald, GA
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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.
10.April 13, 1917The Leader Enterprise and PressFitzgerald, GA
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# 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.
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.