488089a9None
Click image to open full size in new tab
Suit Filed Against Banker of Riverbank United Press) -Sult against L. Flack missing Riverbank bank the First National Bank of Rivers bank, claiming $3500 for back salary and $2500 promis sory note was on file here today The Riverbank financial institu tion was closed by the National Bank examiner when $14.000 found gone from the bank's fun Flack was accused of misapplica tion of the money and is DOV sought for arrest,
Click image to open full size in new tab
BANK RECEIVER WANTS TO SELL PART OF REALTY MODESTO OFFICE STOCKTON RECORD, Jan. 26.-Requesting authority to sell property Io. cated in the Las Flores tract in the city of Modesto, Charles A. LaBree, as receiver of the defunct First National Bank of Riverbank, yesterday petitioned the Superior Court here According to the petition, the property subject to several liens and is of a fluctuatvalue. He alleges that he has an op. portunity sell the property for $1050, and adds that the sale the property necessary to the of the assets the bank in order that the affairs of the bank may be as rapidly settled as possible
Click image to open full size in new tab
RIVERBANK BANK RECEIVER SUES ON PROMISSORY NOTE Charles La Bree, of the First National Bank of Rivertoday suit foreclose on note for $2500. due and the plaintiff due for La also interest at per cent and fees. Hawkins of Modesto are attorneys for the receiver.
Click image to open full size in new tab
BANK RECEIVER SUES ON PROMISSORY NOTE Charles A. Labree, receiver of the First National Bank of Riverbank, Tuesday commenced a suit to foreclose on a note given by H. O. Kruschke on October 27, 1925, for $2500. The note was due in ninety days and the plaintiff claims it is now due for payment. LaBree also asks interest at 8 per cent and $250 attorney fees. Hawkins & Hawkins of Modesto are attorneys for the receiver.Stockton Record.
Click image to open full size in new tab
RIVERBANK BANK RECEIVER BRINGS ACTION ON NOTE Suits Seek To Collect Promis. sory Notes For $4000 Given Flack Charles A. LaBree. receiver of the First National Bank of Riverbank which was wrecked by the frenzied (inancial operations of L. Flack last December. brought two suits in court today to collect $4,000 on promissory notes alleged delivered to Flack and later turned over by him to the Riverbank bank. The defendants are Eugene P. Bessac. publisher of the Riverbank News. and Enes Bechis of Oakdale. According to the actions, Bessac delivered promissory note for $1,500 to Flack on October 31. while Bechis executed note for $2,500 the same day in favor of the miss. chairman. Both notes were endorsed bad and frequent demands that they be paid have gone unbeeded. Attorney fees amounting to $500 asked through the law firm of Hawkins and Hawkins. Faced with a overdraft of $15,000 and the disappearance of Mack the Riverbank institution failed to open Its doors for in the latter part of December LaBree was ap
Click image to open full size in new tab
BANK RECEIVER SUES ON NOTES MODESTO OFFICE STOCKTON $4000 alleged due on promissory notes executed in favor of C. Flack. missing director of the First National Bank of Riverbank, and indorsed by him to that institution, asked filed in the Superior esterday Charles La Bree, as receiver the Eugene Bessac is alleged in of the have execyted Flack's favor October 31, $1500, while the other complaint alleges that Enos executed note for $2500 in Flack's favor on the same date.
Click image to open full size in new tab
Two Suits Brought By Bank Receiver Charles A. LaBree, receiver of The First National Bank of Riverbank, which was wrecked by the frenzied financial operations of C. L. Flack last December, brought two suits in superior court today to collect $4,000 on promissory notes alleged delivered to Flack and later turned over by him to the Riverbank bank. The defendants are Eugene P. Bessac, publisher of the Riverbank News, and Enos Bechis of Oakdale. According to the actions, Bessac delivered a promissory note for $1,500 to Flack on October 31, while Bechis executed a note for $2,500 on the same day in favor of the missing chairman. Both notes were endorsed and turned over to the bank, it is said, and frequent demands that they be paid have gone unheeded. Attorney fees amounting to $500 are asked through the law firm of Hawkins and Hawkins. Faced with an overdraft of $15,000 and the disappearance of Flack, the Riverbank institution failed to open its doors for business in the latter part of December. LaBree was appointed receiver. Modesto NewsHerald.
Click image to open full size in new tab
MODESTO OFFICE STOCKTON RECORD. March 8.-Charles La Bree, as receiver of the defunct First National Bank of Riverbank. Saturday filed complaints in the Superior Court here seeking to enforce payment of three promisory notes executed by H. Steele Johnson, Weber, Enos Bechis and Flack last year and in the total amount of approximately The first two notes were executin favor of Flack. missing chairman of the board of directors of the bank, and the last one was exe. cuted by Flack and the others. with the exception of Steele, in favor of the bank. DEMONSTRATES THE MACHINE TRACY STOCKTON RECORD. March S.-In accordance with arrangement made with the board of city J. D. Clarkson of MARRIAGE LICENSES IN STANISLAUS COUNTY MODESTO OFFICE STOCKTON censes were issued here Saturday William Henry Munson. 21, and Loleta Rubye Stevens, Tujunga Everett Lyle Murray, 24, and Mildred Ina Trew. 21, both of Ceres: Reuben Eherenfried Nelson, 23, and Elvera Wilhelmina Kulander, 21,
Click image to open full size in new tab
MODESTO OFFICE STOCKTON RECORD. March 8.-Charles La Bree, as receiver of the defunct First National Bank of Riverbank. Saturday filed complaints in the Superior Court here seeking to enforce payment of three promisory notes executed by H. Steele, Johnson, Weber, Enos Bechis and Flack last year and in the total amount of approximately $5000. The first two notes were executed in favor of Flack, missing chairman of the board of directors of the bank. and the last one was executed by Flack and the others. with the exception of Steele, in favor of the bank. DEMONSTRATES THE MACHINE TRACY OFFICE STOCKTON RECORD. March S.-In accordance with arrangement made with the board of city trustees, J. D. Clarkson of MARRIAGE LICENSES IN STANISLAUS COUNTY MODESTO OFFICE STOCKTON RECORD March Marriage censes issued here Saturday to William Henry Munson. 21, and Loleta Rubye Stevens, Tujunga Everett Lyle Murray, 24, and Mildred Ina Trew. 21, both of Ceres: Elvera Wilhelmina Kulander, 21,
Click image to open full size in new tab
MISSING BANKER HAD ESTATE OF ABOUT $240,000 REPORT IS MADE ON C. L. FLACK Receiver of Bank Says Much Property Is Entailed RIVERBANK March for the estate Flack, has issued preliminary report creditors of the condition of Flack's estate. Flack disappeared last December after he secured $14,000 from the First National Bank of on chairman the board directors bank receiver states that the port incomplete, due to the difficulties straighten out Flack's tangled fairs. doubt all Flack's property was heavily mortgaged, some it appearently been several times as security for loans, announces. $240,000 have been discovered the They are mainly of stock following: the First National Bank of Riverbank; 15,000 shares par value) Riverbank Land Company stocks 4000 Cannery stock, Bank building Riverbank, $50,000; Riverbank Water capital stock authorized by Railroad Commission, $54,000; acres land near McFarland Kings was also reported 300 shares, $100 par value, the Vogue Creamery Company The receiver has not verify this report. Claims totalling about have filed with Cuneo, but many of these he says are duplications. Also some claims would others. The defunct First set tional Bank's which includes Flack's contingent liability endorser various and the assessment on the bank with interest. The receiver states that great deal this property is that will get together and form definite plan action be the most sirable thing. as that lot of costly litigation would avoided
Click image to open full size in new tab
MISSING BANKER HAD ESTATE OF ABOUT $240,000 REPORT IS MADE ON C. L. FLACK Receiver of Bank Says Much Property Is Entailed Cuneo, receiver for the estate of Flack, issued a preliminary report creditors of the condition of Flack's estate. Flack disappeared last December after he had secured $14,000 from the First National Bank of on an overdraft chairman bank of the board of directors receiver states that the is incomplete, due to the difficulties in straighten out Flack's Beyond doubt all property was heavily mortgaged, some it ing several times as security for loans, Assets representing approximatehave the of following: shares of stock of the First National of River15,000 shares ($1 par value) Riverbank Land Company stocks 4000 shares Riverbank Cannery Bank building $50,000; Riverbank Water capital stock authorized $54,000; acres land near McFarland. Kings he was reported 300 shares, value, in the Vogue Creamery receiver has not Company. to this report. Claims totalling about $270,000 have filed with Cuneo, many of these he says are duplications. some claims set others. The defunct First National Bank's is which includes Flack's contingent liability endorser notes and the assessment on the bank with interest. receiver states that great deal this property that creditors will get together and form definite plan would be the most sirable action thing. as that lot of costly litigation would be avoided
Click image to open full size in new tab
REPORT GIVEN BY DEFUNCT BANK ON ESTATE ON FLACK Financial Condition Uncertain, Says Cuneo; Suggests Creditors Unite RIVERBANK. March 12.-A preliminary report has just been sent out by John C. Cuneo, receiver for L. Flack, to all creditors who have filed claims. Flack has been missing since December, at which time First National Bank of Riverbank was closed, due to his manipulation of bank funds. It is impossible as yet, according to Cuneo's report, to gain an ac. curate estimate of the status of the estate, but it is quite apparent that all of the properties were used the utmost limit to borrow money upon. The various properties and interests which have been located and investigated to date by the re. ceiver represent gross value of approximately $240,000 The claims filed to date approximate $270,000. but many of these claims are and include liabilities which might later develop Some claims, Receiver Cuneo also states, offset other claims Among these is the claim of the National Bank of Riverbank which totals $61,019.63. This includes assessment Flack's 131 shares of bank stock, with in terest. amounting $13,800: also Flack's contingent liability as endorser of various notes. which total $13,680. The bank receiver. Chas. LaBree, is now suing the signers of these notes for collection Cuneo suggests in his report to creditors that if an organization of be effect. ed. it would be very desirable, for the value of the properties involved largely in their operation. are some good possibilities if the interests are rightly operated. he asserts.
Click image to open full size in new tab
REPORT GIVEN DEFUNCT BANK ON ESTATE ON FLACK Financial Condition Uncertain, Says Cuneo; Suggests Creditors Unite liminary report has just been sent out by John C. Cunce, receiver for C. Flack, to all ureditors who have filed claims. Flack has been missing since December. at which time the First National Bank of Riverbank WHS closed, due to his manipulation of bank funds. It Impossible as yet, according to Cupeo's report, to gain an no. curate estimate of the status of the estate, but 11 is quite apparent that all the properties were used the utmost limit to borrow money upon. The various properties and interests which have been located and investigated to date by the TE celver represent gross value of approximately $240,000. The claims filed to date approximate $270,000, but many of these claims are inplications and Include Liabilities which might possibly later Some claims, Receiver develop. other claims. Among these is the claim of the First National Bank of Riverbank which totals $61,019.03. This Includes assessment of Flack's 131 shares of bank stock, with inferent, amounting to $13,800; also Flack's contingent Hability ILS en dorser of various notes. which total $13,080. The bank receiver. Chas. LaBree. is now suing the signers of these notes for enllection Caneo suggests in his report to the creditors that an organizaUdn of the creditors could be effected, it would be very desirable. for the value of the properties In. There are some good pos. wibilities if the interests are rightly operated. he asserts.
Click image to open full size in new tab
DEPOSITORS GET DIVIDEND Depositors of the First National Bank of Riverbank, closed last December by the default of C. L. Flack, chairman, will be paid a dividend of 30 per cent, beginning next Monday, August 9th, Charles A. LeBree, reThe 30 per cent dividend will total $20,000, 50 per cent of which will go to local depositors, the remaining 50 per cent to out-of-town depositors This is an exceptionally satisfacSory record, as tew banks pay more than 10 per cent as a first dividend and this is seldom paid under a year from the date of the bank failure. Receiver LaBree states that he has prompt. While no definite information is available at the present time, it is understood that another bank will be established here the coming fall or winter. -Riverbank News. SMOKING IS TABOO By order of District Forester S. B. Show the Stanislaus National Forest is closed to the favorite pastime of smoking. This order became efffective applyin in the local reserve Thursday. It is permissible to smoke at habitations and designated public camp grounds, but elsewhere the use of the fragrant weed of peace and contentment is
Click image to open full size in new tab
Bank Receiver Sues to Obtain Deed to Husband Resources MODESTO Dec. 2.-Charles A. La Bree, receiver of the defunct First National Bank of Riverbank. has petitioned the Superior Court for to secure the reconveyance of deed of trust on StanIslaus in order to protect bank. the the bank held the deed of trust security the property first mortgage of held by De De according to the petitioner. is about to the which the bank lose any chance recov ery of the amount of its