First National Bank - Parkersburg, WV

Episode Information

Episode UID: 18001583
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1800 national
Charter Number: 180
Start Date: November 7, 1931
Location: Parkersburg, West Virginia (39.267, -81.562)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5641ce7ec6e4ac96

Response Measures

None

Receivership Details

Date receivership started: 1931-12-09
Date receivership terminated: 1932-07-05

Description

Article states the bank was closed Nov. 7 and a receiver appointed in December.

Events (6)

1. January 2, 1864 Chartered

Source: historical_nic

2. November 7, 1931 Suspension

Cause: Government Action
Cause Details: Closed by the national bank examiner (bank closed by examiner's action on Nov. 7).
Newspaper Excerpt: L. L. Bailey, national bank examiner in charge of the First National bank, of Parkersburg closed November 7, said he had been appointed receiver...
Source: newspapers

3. December 9, 1931 Receivership

Source: historical_nic

4. December 11, 1931 Receivership

Newspaper Excerpt: L. L. Bailey ... said he had been appointed receiver by order of J. W. Pole comptroller of the currency.
Source: newspapers

5. July 5, 1932 Restored To Solvency

Source: historical_nic

6. December 31, 1932 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. December 11, 1931 The Charleston Daily Mail Charleston, WV

Article Text

PARKERSBURG BANK RECEIVER IS NAMED First National Reorganization Plan to Continue PARKERSBURG, Dec. 11 (AP)—L. L. Bailey, national bank examiner in charge of the First National bank, of Parkersburg closed November 7, said he had been appointed receiver by order of J. W. Pole comptroller of the currency. Bailey said his appointment would not hinder any plan of reorganization. Earlier in the day details were announced of a mutual protection agreement depositors will be asked to sign as a step toward the reorganization of the Wood County bank a state institution. The agreement would provide that depositors leave their present deposits in the bank at 3 per cent interest until January 1933, when 20 per cent will be paid and 20 per cent each six months thereafter with the right reserved to the bank to extend or shorten the time.