First National Bank (Butler, PA)

Episode Information

Episode UID
30900955
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
3090 national
Charter Number
309
Start Date
July 18, 1879
Location
Butler, Pennsylvania (40.861, -79.895)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5fcb007b3aec2c31

Response Measures

None

Receivership Details

Depositor recovery rate
81.0%
Date receivership started
1879-07-23
Date receivership terminated
1887-08-06
OCC cause of failure
Losses
Share of assets assessed as good
6.9%
Share of assets assessed as doubtful
74.0%
Share of assets assessed as worthless
19.1%

Description

Closed by Bank Examiner Young for impaired capital/reserve; Comptroller notices and receiver appointments follow.

Events (4)

1. March 11, 1864 Chartered
Source
historical_nic
2. July 18, 1879 Suspension
Cause
Government Action
Cause Details
Closed by Bank Examiner Young after finding capital stock and reserve fund impaired
Newspaper Excerpt
the First National bank of Butler was closed by Bank Examiner Young, who reports that the funds, capital and reserve, are impaired
Source
newspapers
3. July 23, 1879 Receivership
Source
historical_nic
4. July 23, 1879 Receivership
Newspaper Excerpt
the bank will go into the hands of a receiver; Notice is hereby given ... to present claims to Henry B. Cullum, Receiver, at Butler, Pa., Aug. 5, 1879 (Comptroller notice).
Source
newspapers

Newspaper Articles (11)

Article from Daily Globe, July 19, 1879

Click image to open full size in new tab

Article Text

National Bank in Trouble. PITTSBURGH, July 18.-A special from Butler, Pa., to the Commercial Gazette says that the First National bank of Butler was closed by Bank Examiner Young, who reports that the funds, capital and reserve, are impaired The bank will go into the hands of a receiver.


Article from Wheeling Register, July 19, 1879

Click image to open full size in new tab

Article Text

Bank Failure. PITTSBURGH, Julv 18.-A special from Butler, Pa., to the Commercial-Gazette says thot the First National bank, of Butler, was closed to-day by BankExaminer Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of 2 receiver.


Article from Chicago Daily Tribune, July 19, 1879

Click image to open full size in new tab

Article Text

FINANCIAL. Epecial Disputch to The Tribune. FORT WATNE, Ind., July 18.-Ferdinand Fleigner, furniture-dealer, has made an assignment. Liabilities, $0,000; assets, $4,000. PITTEBURG, July 18.-A special from Butler, Pa., to the Commercial-Guzelte says that the First National Bank of Butler was closed to-day by Bank-Examiner Y oung, who reports that he Bude the capital and reserve impaired. The bank will go into the hands of a Receiver.


Article from The Somerset Herald, July 23, 1879

Click image to open full size in new tab

Article Text

The First National Bank of Butler, Pa., Closes its Doors. PITTSBURGH, July 18.-A special from Butler to the Pittsburgh Commercial Gazette says the First National Bank of Butler was closed by Bank Examiner Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of a receiver.


Article from The Democratic Press, July 24, 1879

Click image to open full size in new tab

Article Text

PITTSBURG, July18-A special from Butler, Penusylvania, to the Commereial Gazette, says that the First National Bank of Butler was closed today by Bank Examiner Young, who reports that he finds the capital and reserve impaired. The bank will go into the hands of a receiver.


Article from Butler Citizen, September 10, 1879

Click image to open full size in new tab

Article Text

Notice. TREASURY DEPARTMENT, Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have claims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disallowed. J. S. LANGWORTHY, Acting Comptroller of the Currency. aug13-3m


Article from Butler Citizen, November 5, 1879

Click image to open full size in new tab

Article Text

Notice. TREASURY DEPARTMENT, Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have claims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disJ. S. LANGWORTHY, allowed. Acting Comptroller of the Currency aug18-3m


Article from Butler Citizen, August 11, 1880

Click image to open full size in new tab

Article Text

on day of sale, and the other half within 6 months thereafter, with interest and with such security as shall be satisfactory to the Receiver, and no deed to be made to the purchaser until the consideration shall be fully paid : and as to personal property, cash to be paid on day of sale. JOHN N. PURVIANCE, Receiver of First National Bank, of Butler, Pa. Butler, Pa., August 5, 1880.


Article from Butler Citizen, August 18, 1880

Click image to open full size in new tab

Article Text

on day of sale, and the other half within 6 months thereafter, with interest and with such security as shall be satisfactory to the Receiver, and no deed to be made to the purchaser until the consideration shall be fully paid : and as to personal property, cash to be paid on day of sale. JOHN N. PURVIANCE, Receiver of First National Bank, of Butler, Pa. Butler, Pa., August 5, 1880.


Article from Butler Citizen, February 22, 1882

Click image to open full size in new tab

Article Text

# PUBLIC SALE OF # VALUABLE REAL ESTATE. BY order of Court, the undersigned Receiver of the First National Bank, of Butler, Pa., will offer at public sale, at the Court House, in Butler, on


Article from Butler Citizen, May 30, 1883

Click image to open full size in new tab

Article Text

Notice. FIRST NATIONAL BANK OF BUTLER, PA. The creditors are hereby notified of 6th Dividend, payable on demand at the Banking house, corner of Main and Jefferson streets, JOHN N. PURVIANCE, Butler, Pa. Receiver. May 19, 1883. (1t)