Article Text
By Associated Press. Washington, D. C., Feb. 15-National Bank Examiner Robert Lyons has been appointed receiver of the Galion, Ohio. National Bank.
Galion National Bank (Galion, OH)
Episode Information
- Episode UID
358101250- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
35810national - Charter Number
- 3581
- Start Date
- February 15, 1904
- Location
- Galion, Ohio (40.734, -82.790)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
0c38aced8c01d9bf
Response Measures
None
Receivership Details
- Depositor recovery rate
- 50.2%
- Date receivership started
- 1904-02-15
- Date receivership terminated
- 1913-10-31
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 30.9%
- Share of assets assessed as doubtful
- 68.9%
- Share of assets assessed as worthless
- 0.2%
Events (4)
1.
November 2, 1886
Chartered
- Source
- historical_nic
2.
February 15, 1904
Receivership
- Source
- historical_nic
3.
February 15, 1904
Receivership
- Newspaper Excerpt
- National Bank Examiner Robert Lyons has been appointed receiver of the Galion, Ohio. National Bank.
- Source
- newspapers
4.
February 15, 1904
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Closed by order of directors because bank was unable to meet incoming demands
- Newspaper Excerpt
- by order of the board of directors the Galion National bank ... closed its doors today because of the inability to meet incoming demands
- Source
- newspapers
Newspaper Articles (19)
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OHIO BANK CLOSES. Was Unable to Meet Incoming Demands. Galion, O., Feb. 15.-By order of the board of directors the Galion National bank with a capital of $60,000 closed its doors today because of the inability to meet incoming demands and a national bank examiner has been named as receiver. The bank's statement issued on January 22 showed deposits of $350,000.
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OHIO BANK SUSPENDS. Directors of Galion National Order Doors Closed. Washington, Feb. 16.-The comptroller of the currency has received a telegram stating that by order of the board of directors the Galion National bank of Gallon, O., closed its doors during the morning. The bank was closed because of its fnability to meet coming demands. The comptroller has appointed National Bank Examiner Lyons receiver.
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OHIO BANK SUSPENDS. Directors of Galion National Order Doors Closed. Washington, Feb. 16.-The comptroller of the currency has received a telegram stating that by order of the board of directors the Galion National bank of Galion. O., closed its doors during the morning. The bank was closed because of its inability to meet coming demands. The comptroller has appointed National Bank Examiner Lvons receiver
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OHIO BANK SUSPENDS. I Directors of Galion National Order Doors Closed. Washington, Feb. 16.-The comptroller of the currency has received a telegram stating that by order of the board of directors the Galion National bank of Galion, O., closed its doors during the morning. he bank was closed because of its fnability to meet coming demands. The comptroller has appointed National Bank Examiner Lyons receiver.
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The Galion National bank of Galion has closed its doors and the Comptroller of Currency has appointed a receiver.
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Ohio Bank Fails. Washington, Feb. 15.-The Controller of the Currency received a telegram today stating that by orders of the board of directors, the Galion National Bank of Galion, O., closed its doors to-day. National Bank Examiner Robert Lyons was appointed receiver, The bank's capital was $60,000 and deposits $358,080.
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Ohio Bank Closed. Washington, Feb. 16.-The comptroller of the currency has received a telegram, stating that by order of the board of directors the Galion national bank, of Galion, O., closed its doors Monday morning. The bank was closed because of its inability to meet coming demands. The comptroller has appointed National Bank Examiner Robert Lyons receiver.
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Ohio Bank Closed. Washington, Feb. 16.-The comptroller of the currency has received a telegram, stating that by order of the board of directors the Galion national bank, of Galion, O,, closed its doors Monday morning. The bank was closed because of its inability to meet coming demands. The comptroller has appointed National Bank Examiner Robert Lyons receiver.
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Galion, Ohio, April 15.-R. W. John ston was appointed receiver of the Galion Wagon and Gear Co. today and at the same time D. Bachelder and E Flickinger were appointed receivers of the Flickinger Wheel Co. Both concerns were heavily indebted to the Galion National bank which suspended recently. The concerns have not been running for some time. hence the business of the community will not be affected. Assets and liabilities not given.
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Galion, O., July 10.-The creditors of the Galion National bank have been notified by M. R. Patterson, receiver, that a dividend of 25 per cent has been declared, payable July 25. About $75,000 will be distributed.
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The Galion National bank. recently failed, figures now in a suit in the U. S. court by the Crawford county commissionera against M R Patterson, bank receiver. It is alleged that Patterson when appointed receiver took in possession with all other property the funds in the bank collected for taxes in Galion.
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Receiver M. R. Patterson is offering at public sale the real estate and building of the Galion National bank, also the bank fixtures and postoffice fixtures in the building. The sale will be on the premises Saturday, Nov. 5.
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As receiver of the Galion National bank, of Galion, Ohio, M. R. Patterson has made application to the common pleas court at Columbus for authority to settle the claim of the bank against John and L. C. Blyth.
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MUST ANSWER IN COURT. Former Bank President and Another Indicted at Cleveland. CLEVELAND Ohio, October 21.-The federal grand jury returned an additional joint indictment today against O. L. Hays, former president of the Gallon (Ohio) National Bank, and Edward Flickinger, president of the Flickinger Wheel Company of Galion, on the charge of violating the national banking laws. The indictment contains fifty-two counts. Each count charges Hays with an offense as president of the bank and Flickinger with aiding and abetting Hays. The total amount charged against Hays and Flickinger by the indictment is $156,512. The Galion National Bank suspended February 13, 1904.
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VIOLATION OF BANKING LAWS. Indictment Against Ohio Men Contains Fifty-two Counts. Cleveland, Oct. 23.-The federal grand jury has returned an additional joint indictment against O. L. Hayes, formerly president of the Galion (O.) National bank, and Edward Flickinger, president of the Flickinger Wheel company of Gallon, on the charge of violating the national banking laws. The indictment contains fifty-two counts. Each count charges Hayes with an offense as president of the bank and Flickinger with aiding and abetting Hayes. The total amount charged against Hayes and Flickinger by the indictment is $156,512. The Gallon National bank suspended Feb. 13, 1904.
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BANKERSFACEBIGCHARGE Fifty-two Counts Each Against Formel President of Galion (0.) National and Partner. CLEVELAND, O., Oct. 21.-The fed. eral grand jury returned an additional joint indictment today against O. L Hayes, formerly president of the Galion O., National bank, and Edwin Flickin ger, president of the Flickinger Wheel company of Galion, on the charge of violating the national banking laws. The indictment contains fifty-two counts. Each count charges Hayes with an offense as president of the bank, and Flickinger with aiding and abetting Hayes. The total amount charged against Hayes and Flickinger by the indictment is $156,512. The Galion Na tional bank suspended February 13 1904.
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BANKERS FACEBIG CHARGE Fifty-two Counts Each Against Former President of Galion (0.) National and Partner. CLEVELAND, O., Oct. 21.-The federal grand jury returned an additional Joint indictment today against O. L. Hayes, formerly president of the Galion, O., National bank, and Edwin Flickinger, president of the Flickinger Wheel company of Galion, on the charge of violating the national banking laws. The indictment contains fifty-two counts. Each count charges Hayes with an offense as president of the bank, and Flickinger with aiding and abetting Hayes. The total amount charged against Hayes and Flickinger by the Indictment is $156,512. The Galion Nadonal bank suspended February 13, 1904.
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All Around the Globe. On the petition of the creditors Walter K. Sharfer of Chambersburg. Pa.. was appointed receiver for the Wolf Manufacturing Company, near Chambersburg. The liabilities, it is said, will reach nearly $500,000. Nathan Loeser of Cleveland, Ohio. was appointed trustee of the effects of O. L. Hays, the defaulting president of the Gallion, Ohio, national bank. Voluntary bankruptcy proceedings were begun by Hays in the United States District Court. recently. The interstate commerce commission at Topeka named June 7 as the date of hearing at Washington the complaints regarding alleged discrimination in grain rates against Kansas shippers. The United States cruiser Washington, lying at League Island navy yard, was presented with a handsome silver service by Col. N. E. Lindsay of Spokane on behalf of the State of Washington. Joseh Varroi, a master mechanic emloyed by the contractors who are digging the Pennsylvania railroad tunnel under the East river from Manhattan to Long Island City, was crushed to death in a stone crusher. The C. C. White Memorial building of the Nebraska Wesleyan university was dedicated in the presence of a distinguished company. The dedicatory address was by Gov. Henry A. Buchtel of Colorado. Fire destroyed the piano and music store of the Smith & Nixon Company at Louisville, with a loss of about $100,000. The fire was fought in the face of a blizzard which raged for two hours. Unable to agree upon a verdict, the jury in the case of Corporal William F. Wineberger, charged with the killing of Private Frederick Geeney Jan. 26, was discharged. Both men belonged to an artillery company stationed at Fort Washington, Md.