Article Text
Bank Ordered Closed. Washington, Nov. 5.-The comptroller of currency has ordered the First Nation al bank at Flushing, Ohio, closed. Bank Examiner Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
First National Bank (Flushing, OH)
Episode Information
- Episode UID
317701187- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
31770national - Charter Number
- 3177
- Start Date
- November 5, 1898
- Location
- Flushing, Ohio (40.150, -81.066)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
7d4e18525bbefe3d
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1898-11-05
- Date receivership terminated
- 1901-06-15
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 40.7%
- Share of assets assessed as doubtful
- 21.5%
- Share of assets assessed as worthless
- 37.8%
Description
Articles state the Comptroller ordered closure and the bank elected liquidation; 'dry rot' cited as cause.
Events (4)
1.
May 5, 1884
Chartered
- Source
- historical_nic
2.
November 5, 1898
Receivership
- Source
- historical_nic
3.
November 5, 1898
Receivership
- Newspaper Excerpt
- Bank Examiner J. W. DeLay has been appointed temporary receiver.
- Source
- newspapers
4.
November 5, 1898
Suspension
- Cause
- Government Action
- Cause Details
- Ordered closed by the Comptroller of the Currency; contemporaneous reports cite 'dry rot' and poor investments as causes.
- Newspaper Excerpt
- The comptroller of the currency has ordered the First National bank at Flushing, Ohio, closed.
- Source
- newspapers
Newspaper Articles (14)
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Article Text
Banks Have Dry Rot as Well as Sheep. Flushing, O., Nov. -The comptroller of the currency has ordered the First National bank of Flushing, Ohio, closed, and bank examiner Daley has been appointed temporary receiver. Dry rot is assingned as the caused of failure. The First National bank posted notices today that it would receive no more deposits, as it had decided to go into liquidation. The bank has been weak for some time.
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e Dry Rot In Ohio. WASHINGTON, Nov. .-The comptroller of the currency has ordered the First National bank at Flushing, Ohio, closed. Bank Examiner Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
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Article Text
DRY ROT Given as the Cause for a Bank Failure at Flushing, Ohio. Washington, November 5.-The comptroller of the currency has ordered the First National Bank of FlushIng, Ohio. to close its doors. Bank Examiner J. W. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failure. Flushing, Ohio, November 5.-The First National Bank of this place posted notices to-day that it would receive DO more deposits, as it had been decided to quit business and go into liquidation. It is understood that the bank has been weak for some time.
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Closed Its Doors WASHINGTON, Nov. 5.-The Comptroller of the Currency has ordered the First National Bank of Flushing Ohio, to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver.
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Ohio Bank Failure. WASHINGTON, Nov. -The Controller of the Currency has ordered the First National Bank of Flushing, Ohio, to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver. Dry rot is said to have caused the fallure
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CHARGED TO DRY ROT. Flushing, O., National Bank Ordered to Close Its Doors Washington, Nov. -The comptroller of the currency has ordered the First National bank of Flushing, O., to close its doors. Bank Examiner J. W. Delay has been appointed temporary receiver. Dry rot is said to have caused the failure.
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THE First National bank of Flushing, Beimont county, Ohio, suspended business Saturday and went into the hands of the comptroller of the currency. Poor investments are said to have precipitated the failure.
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Bank's Doors Closed. WASHINGTON, Nov. 7.-The controller of the currency has ordered the First national bank of Flushing. O., to close its doors. Bank Examiner J. W. DeLay has Leen appointed temporary receiver. Dry rot is said to have caused the failure.
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MINOR NEWS ITEMS. For the Week Ending Nov. 7. Fire at Little River, Kan., destroyed 18 houses and a hotel. The First national bank at Flushing, O., suspended business. Fire in the business section of Haverhill, Mass., caused a loss of $200,000. It is reported that an armed alliance has been agreed to between Germany and Turkey. David A. Wells, the noted economist, died at his home in Norwich, Conn., aged 70 years. Osa Woodward and John Martin were instantly killed by falling bowlders in a mine at Joplin, Mo. Arthur Williams (colored) was lynched at Welbourne, Fla., for the murder of Mrs. Eliva Ogden. James McDowen, of Marblehead, O., shot and killed his wife and then committed suicide after a quarrel. Arrangements are being made by the navy department for the establishment of a naval station at Honolulu. For the first time in the history of the New York cotton exchange cotton sold under five cents a pound. Mrs. John Noble, aged 108 years, died at her home in Maryville, Mich. Her husband died at the age of 104. Mrs. Florence George and Miss Kate McAtee, both of Washington, were Milled by the cars at Langdon, Md. The Japanese government is taking
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Article Text
National Bank Closed. Washington, Nov. 7.-The comptroller of the currency ordered the First national bank of Flushing, O., to close its doors. Bank Examiner J. E. De Lay has been appointed temporary receiver. Dry rot is said to have caused the failare.
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DOMESTIC. All the buildings on both sides of Main street in Pitkin, Col., 40 in number, were destroyed by fire. Emporia, Kan., was nearly wiped out by fires that started simultaneously in three places. The town of Green Ridge, Mo., was almost swept out of existence by fire. Roscoe L. Corbett, of Traverse City, Mich., judge of the Thirteenth judicial district, was killed by an accidental discharge of a gun held by his son while hunting at Trout lake. S. W. Stewart, a negro of Toluca, III, charged with assault upon Miss Mary O'Brien, was taken from the jail in Lacon by a mob and hanged. Two masked robbers entered the post office at Arago. Ore., and secured $1,800. The railroad shops of the Southern Pacific company were burned at Sacramento. Cal.. the loss being $300,000. The Chicago Dispatch company, publishers of the Democrat and Dispatch. made an assignment. The hospital of the Wisconsin veterans' home at Waupaca was burned. The third national congress of mothers will be held in Washington on February 14 next. The First national bank at Flushing, O., suspended business.
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Article Text
DOMESTIC. All the buildings on both sides of Main street in Pitkin, Col., 40 in number, were destroyed by fire. Emporia, Kan., was nearly wiped out by fires that started simultaneously in three places. The town of Green Ridge, Mo., was almost swept out of existence by fire. Roscoe L. Corbett, of Traverse City, Mich., judge of the Thirteenth judicial district, was killed by an accidental discharge of a gun held by his son while hunting at Trout lake. S. W. Stewart, a negro of Toluca, Ill, charged with assault upon Miss Mary O'Brien, was taken from the jail in Lacon by a mob and hanged. Two masked robbers entered the post office at Arago, Ore., and secured $1,300. The railroad shops of the Southern Pacific company were burned at Sacramento. Cal., the loss being $300,000. The Chicago Dispatch company, publishers of the Democrat and Dispatch, made an assignment. The hospital of the Wisconsin veterans' home at Waupaca was burned. The third national congress of mothers will be held in Washington on February 14 next. The First national bank at Flushing, O., suspended business.
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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24 National, Paola, Kan. suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000 Mar 16-Home savings, Sioux City, Ia., $00,000 Benson savings, Waterford, Pa., $40,000. 21-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guaranters' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan, $283,000. 0-Commercial state, Marshalltown, Ia. 2--German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug II-Bank of Waverly, III $150,000. 27- - Fillmore county. Preston, Minn, $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich. $100,000. 15-Jasper. Ala., bank, $65,000. 26- Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswege. N. Y., closed. 19 First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21 - First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29- Second national, of Springfield, O., goes into liquidation. Nov. 5 First national, of Flushing., o., suapends 16 First national, of Emporia, Kan., closed. 28. Bank of Hornersville. N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation.