First National Bank (Medina, OH)

Episode Information

Episode UID
205300893
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
20530 national
Charter Number
2053
Start Date
May 2, 1874
Location
Medina, Ohio (41.138, -81.864)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
95c22a4dc778cf17

Response Measures

None

Description

The suspension was caused by the dishonesty of a former cashier, W. W. Pancoast.

Events (3)

1. October 4, 1872 Chartered
Source
historical_nic
2. May 2, 1874 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Dishonesty of former cashier W. W. Pancoast
Newspaper Excerpt
A special from Medina to the Times reports the suspension of the First National Bank, of that city, this morning
Source
newspapers
3. May 6, 1874 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (10)

Article from Nashville Union and American, May 3, 1874

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Article Text

CINCINNATI. A Broken Bauk-Contribution Boxes For Louisiana Sufferers. CINCINNATI, O., May 2.-The special from Medina to the Times reports the suspension of the First National Bank, of that city, this morning, and the probability that the assets will pay the liabilities. Contribution boxes, to receive donations for the Louisiana sufferers, will be placed at all places of amusement during the coming week, and at all the churches on tomorrow.


Article from The New York Herald, May 3, 1874

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Article Text

REPORTED BANK SUSPENSION. 1 CINCINNATI, Ohio, May 2, 1874. A despatch from Medina says that the First National Bank of that city suspended this morning. It 18 reported that assets will pay all liabilities.


Article from The Wheeling Daily Intelligencer, May 4, 1874

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Article Text

CINCINNATI. JUDICIAL APPORTIONMENT. CINCINNATI, May 2.-The Constitutional Convention to-day passed the Common Pleas judicial apportionment, recently proposed by Mr. Beer, of Crawford. SUSPENSION OF A NATIONAL BANK. A special from Medina to the Times reports the suspension of the First National Bank ot that city this morning. The probability is that the assets will pay the liabilities.


Article from The Wheeling Daily Register, May 4, 1874

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Article Text

CINCINNATI. Constitutional Convention. CINCINNATI, May 2.-The Constitutional Convention to-day passed the Common Pleas judicial apportionment proposed by Mr. Beer, of Crawford. Bank Suspension. A special from Medina to the Times reports the suspension of the First National Bank of that city this morning, and the probability is that the assets will pay the liabilities. The Board of Trade to-day passed resolutions thanking Congress for passing the Louisville and Portland Canal bill. The joint committee for the relief of the Louisiana sufferers to-day ordered the purchase of a thousand dollars worth of provisions to ship on the Exporter. Contribution boxes to receive donations for the Louisiana sufferers, will be placed at all places of amusement one night the coming week, and at all the churches on Sunday, May 10th. The Roman Catholic Archbishops are arriving to-night to attend the convention next week of all the Archbishops of the United States. The object of the convention has not been promulgated, but it is supposed to be for the purpose of considering the admisability of increasing the number of Archbishops. Archbishop's McCluskey of New York, Bailey of Baltimore, Wood of Philadelphia, Bishop's McClusky of Louisville and O'Conner of Philadel. phia, Rev. James O'Reilley and Rev. A. J. McDonough of Philadelphia have arrived to attend the convocation of Roman Catholic bishops this week.


Article from Wilmington Daily Gazette, May 4, 1874

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Article Text

General News. Paul McAferry and Tom Brobson, living in Cass county, III., quarrelled on Friday about a young woman, and the former fatally shot the latter. A special from Medina, Ohio, says the First National Bank, of that city suspended Saturday morning. It is reported its assets will pay all its liabilities. John Halburt, one of the oldest citizens of Carrollton, III., was found dead in bed Friday morning, with his head terribly crushed. There 18 no clue to the murderer. Barbert & Co.'s sash factory, at Montgomery Station, tive miles from Muney, Pa., was totally demolished Saturday by the boiler exploding. Two boys named Fowler and the engineer were injured. The stables of the Evergreen Trotting Park, at New Bedford, were burned Friday night, with a Hambietonian stallion valued at $10,000: Climax, a racer valued at $4,000, and another horse valued at $2,000. Gen. John C. Breckenridge was taken seriously ill with hemorrhage of the lungs at Lexington, Ky., last Friday week, and for a time was in a very critical condition. At last accounts he was reported better, though by no means out of danger.


Article from Daily Kennebec Journal, May 4, 1874

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Article Text

OHIO. Cincinnati, 2. A special trom Medina says the First Natsonal Bank of that city suspended this morning. It is reported that the assets will pay all liabilities. A thousand dollars worth visions were purchased by the Louisian. mittee to-day. Boxes to receive contributions to the relief fund will be placed in all places of amusement, oae night next week and in the churches on Sunday May 10.


Article from The Portland Daily Press, May 4, 1874

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Article Text

Bank Suspended. CINCINNATI, May 2-A special from Medina says that the Frst National Bank of that city suspended this morning. It is reported that the assets will pay all liabilities.


Article from Evening Star, May 5, 1874

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Article Text

The First National Bank, of Medina, Ohio, has suspended. It is reported that the assets will pay all liabilities. The southwestern papers head their articles "Water, water everywhere," but do not add "not a drop to drink," because that would not grieve any southwestern man in the least. Appalling thought.-What a hostof"hom^ of rulers" we should see avowed if women could offer themselves as candidates at general elections.-Punch.


Article from River Falls Journal, May 15, 1874

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Article Text

At Large. THE Pennsylvania democratic central com mittee has decided to hold the state convention at Pittsburg, August 26th. Bayard TAYLOR, in a letter from Egypt, gives an account of the recent discovery of a race of pigmies in Central Africa. ALL the Roman Catholic Archbishops of the United States are in convocation at Cincinnati, it is supposed to consider the advisability of increasing the number of Archbishops. ABOUT 500 Knights Templar have signified their intention to take part in the parade, a Indianapolis, on the twenty-sixth anniversary of the introduction of Templar Masonary into Indiana. STEERAGE passengers are now booked from Liverpool to New York for $15. THE following newspaper gentlemen were entertained recently in New York by Cyrus W. Field: George Brown, editor of the Toronto Globe; Horace White, of the Chicago Tribune Henry M. Watterson, of the Louisville Courier Journal; Murat Halsted, of the Cincinnati Commercial: Samuel Bowles, of the Springfield Republican : Albert G. Brown, the new editor of the New York Evening Post; Whitelaw Reid and John Hay, of the Tribune; Gen D. S. Sanford, Morris K. Jesup, R. B. Minturn. THE First National Bank, at Medina, Ohio, suspended recently. It is said the assets will pay the liabilities. THE Chicago base ball club in their games thus far have been successful, and promise a victorious season. THE House Committee on Patents have agreed to report favorably on the request of Mr Winans, of Baltimore, for leave to take out a patent on his cigar ship. He made an application for this some years ago, but it lapsed some time since, and required a special act of Congress to enable him to take out a patent. NAVIGATION opened at Duluth May 4. CHARLES ERNST, the prison keeper attacked by the murderer Waltz, the day before his execution, has since died from his wounds. SOME of the government officers complain of the refusal of Congress to increase their salaries. The commissioner of the general land office resigned a short time since because he could not live on his salary, and the commissioner of patents threatens to do likewise. DR. I. I. Hayes, the Arctic explorer, who has made three journeys in search of a passage to the north pole, will sail for England from New York about June 1, and will sait from Dundee, Scotland, for Iceland, to join in the millenium celebration about the 20th of the same month.


Article from The Fremont Weekly Journal, May 15, 1874

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Article Text

THE suspension of the First National Bank, of Medina was occasioned by the dishonesty of one W. W. Pancoast, a former cashier, whose residence now is unknown.