First National Bank (Ansonia, OH)

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FULL PAYMENT FOR BANK SEEN

Receiver Checks Accounts of Ansonia Institution, Restricted Since Holiday.

GREENVILLE, O., Aug. 18.-A full payment to depositors of the First National bank at Ansonia, which has been operated on restricted basis since the national bank holiday, was predicted today by Charles Haber, Greenville, who is acting as receiver for the village institution. Haber recently checked all accounts of the bank. All accounts that have been opened with the bank since the recent holiday are held as trust funds and are subject to 100 per cent withdrawals immediately The Greenville National bank and the First-Farmer National bank at Arcanum also are being operated on restricted basis, but during the past week license to resume ma business was granted to the Osgood State bank. cases.

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BANK'S

Receiver For First National Bank, Ansonia, Demands 100 Per Cent Stock Payments From 31 Shareholders by Jan. 22.

The stockholders of the National Bank of Ansonia, Darke County, have been notified of 100 per cent assessment against stock they hold. The action on the part of the bank's receiver, Charles Haber, of Greenville, followed orders to that effect from T. O'Connor, comptroller of the currency, Washington, D. Assessment notices were mailed on December 26, with payment demands being made as of January 22, 1934.

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JUDGMENT IS GRANTED ANSONIA BANK RECEIVER

A cognovit judgment on two notes totaling $1,189.88 has been granted in the common pleas court to Charles Haber, receiver for the First National bank of Ansonia against J. C. and Cora L. Smith.

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JUDGMENT GRANTED ANSONIA BANK RECEIVER cognovit judgment on two notes totaling has been granted common pleas court Haber, receiver for the First National bank of and Cora Smith.

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BANK RECEIVER

Closed Ansonia Institution Making 25 Per Cent Payment to DeposDividend Paid March

The First National Bank of Ansonia, which has operated under the receivership of Charles Haber, Greenville, since August 15, 1933, is now paying second dividend to depositors. The current dividend totals 25 per cent of the deposits, Mr. Haber reports. On March 1934 the bank paid 60 per cent dividend. In distributing the new funds Mr. Haber lauds the assistance and cooperation of former bank rectors and of Cariens, forcashier. Grace Lenich, Greenville, is also assisting with the work.

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BANK RECEIVER IS NOW PAYING FINAL DIVIDEND

Affairs of Defunct Ansonia Financial Institution to Be Closed During Stockholders' Meeting on December 3-Total of $53,000 Returned to Depositors.

Stockholders of the First National Bank of Ansonia, closed since federal bank moratorium in March 1933. are to be meet with Charles Haber. received. on Dec. to complete final business settlement.

Prior to that date Mr Haber hopes to complete 15 per cent dividend payment to depositors, who number approximately 500 Authority for the new payment obtained from the comptroller of currency during the past week. The exact amount of money involved in the current divided was ont revealed but was stated that when was completed the depositors would have received 100 cents on the dollar. The Ansonia bank paid 60 per cent dividend on March 1934, and another 25 per cent dividend on June of the current year. The payment brings the total to 100 per cent. In addition to heir full deposits, claimants against the bank will also receive full interest from the date of the bank's closing. Combined the total payment aggregates approximately $53,000 During the stockholders' meeting on Dec it was stated that they would take over all other assets of the institution. The Ansonia bank, which served that community for several years, was captalized at $25,000.

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SPROUL HEADS ANSONIA BANK

Citizens Bank Company in Neighboring Town Reorganized—Now Lone Financial Institution in Village—G. A. Lephart is Cashier.

Stockholders of the Citizens Bank Company, now Ansonia's lone financial institution, elected the following directors at their annual reorganization meeting on January 14.

Dr. M. M. Corwin, A. L. Detrick, G. A. Lephart, J. B. Lorton, J. C. Sproul, Dr. C. I. Stephens and C. W. Wolf.

The board immediately organized by electing officers, as follows: J. C. Sproul, president; A. L. Detrick, vice-president; G. A. Lephart, cashier, and Kenneth Derr, bookkeeper.

The First National Bank of Ansonia, closed during the past few weeks, was operated under a receivership for several months. During that time payments totalling 100 per cent were made to all depositors.

Charles Haber, Greenville, served the bank as receiver.

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ANSONIA BANK CASE AMONG EIGHT ENDED BY FEDERAL AGENTS

Treasury Report Shows Receiverships Are Rapidly Closed

Termination of the receivership of the insolvent First National Bank, of Ansonia, Ohio, during recent weeks is now a matter of official record in the U. S. treasury.

A current report from J. F. T. O'Connor, federal comptroller of currency, reveals that eight receiverships were closed during the month of March, 1935, reducing the number of national banks involved in liquidation proceedings to 1529 as of the close of business on March 31.

O'Connor's statement shows that the Ansonia bank, which was placed in receivership on August 15, 1933, has paid all depositors and other creditors 100 per cent principal with interest in full at the legal rate. The interest is said to have amounted to an additional dividend of 5.776 per cent.

Total payments to creditors, including offsets allowed, aggregated $85,534 and the stockholders received $7,210 together with the assets remaining uncollected.

Charles Haber, Greenville, served as the Ansonia bank's receiver.

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Termination of the receivership of the insolvent First National Bank, of Ansonia, Ohio, during recent weeks is now a matter of official record in the U. S. treasury.