19527. First National Bank (Sharon, PA)

View Charter #1685 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1685
Charter Number
1685
Start Date
May 28, 1889
Location
Sharon, Pennsylvania (41.233, -80.493)

Metadata

Model
gpt-5-mini
Short Digest
15746924

Response Measures

None

Description

The bank suspended operations because the time-lock on the safe was accidentally set for 48 hours (operational error). No run is mentioned. The safe was opened the next day and the bank resumed business.

Events (4)
1. September 8, 1868 Chartered
Source
historical_nic
2. May 28, 1889 Suspension
Cause Details
Time-lock on the bank's safe was accidentally set for 48 hours, preventing access to cash and forcing suspension.
Newspaper Excerpt
SHARON, May 28,-The First National Bank of this place ... was forced to suspend business to-day from a queer cause. The time lock on the safe was set by mistake last night for forty-eight hours and the safe can not be opened until 6 o'clock to-morrow morning.
Source
newspapers
3. May 29, 1889 Reopening
Newspaper Excerpt
The time-lock was set by mistake the night before for forty-eight hours, and the safe could not be opened until yesterday morning.
Source
newspapers
4. March 28, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. May 29, 1889 Daily Republican Wilmington, DE
Article from Daily Republican, May 29, 1889

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Article Text

A Queer Cause For Suspension. SHARON, May 28,-The First Nationa Bank of this place, the largest inst tution of the kind in Mercer county, was forced to suspend business to-day from a queer cause. The time lock on the safe was set by mistake last night for forty-eight hours and the safe can not be opened until Goeclock to-morrow morning.

2. May 30, 1889 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, May 30, 1889

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Article Text

The Time-Lock Suspended the Bank. SHARON, Pa., May 30.-The First National bank here, the largest institution of the kind in Mercer county, was forced to suspend Tuesday from a queer cause. The time-lock was set by mistake the night before for forty-eight hours, and the safe could not be opened until yesterday morning.

3. May 30, 1889 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, May 30, 1889

Click image to open full size in new tab

Article Text

The Time-Lock Suspended the Bank. SHARON, Pa., May 30.-The First National bank here, the largest institution of the kind in Mercer county, was forced to suspend Tuesday from a queer cause. The time-lock was set by mistake the night before for forty-eight hours, and the safe could not be opened until yesterday morning.