First National Bank (Fort Payne, AL)

View Charter #4064 on SPMC View balance sheet

Episode Information

Episode UID
406401129
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
40640 national
Charter Number
4064
Start Date
January 26, 1894
Location
Fort Payne, Alabama (34.444, -85.720)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2f3a98b5ffc139b4

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1894-01-26
Date receivership terminated
1897-12-14
OCC cause of failure
Losses
Share of assets assessed as good
24.7%
Share of assets assessed as doubtful
46.0%
Share of assets assessed as worthless
29.3%

Description

Newspapers report a suspension in early Feb 1894 but the bank's known receivership date is 1894-01-26.

Events (4)
1. July 2, 1889 Chartered
Source
historical_nic
2. January 26, 1894 Receivership
Source
historical_nic
3. January 26, 1894 Receivership
Newspaper Excerpt
The suspension was announced of the First national bank of Fort Payne, Ala.
Source
newspapers
4. January 26, 1894 Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership/closed by government action (national bank receivership).
Newspaper Excerpt
The suspension was announced of the First national bank of Fort Payne, Ala.
Source
newspapers

Newspaper Articles (3)
1. February 1, 1894 River Falls Journal River Falls, WI
Article from River Falls Journal, February 1, 1894

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Article Text

WEST AND SOUTH. IN Chicago Mrs. Annie Lindgren's life was crushed out in a mad struggle of the hungry at the county agent's office. NEARLY $50,000 in counterfeit money was unearthed at Louisville, Ky., by a woman who was digging some roots for tea. LUMBER dealers of Ohio, Pennsylvania, Michigan and Indiana in the twelfth annual convention adopted resolutions denouncing the free lumber schedule of the Wilson bill and setting forth that the lumber interests of the country would be ruined if it was enacted into law. FIRE ruined the Interior of the hide, fur and wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church, the total loss being $160,000. ALONZO REED, a dissolute character at Perry, Ill., shot and killed his wife and infant and then ended his own life. AT Madison, Wis., John S. Johnson, of Minneapolis, beat the quarter-mile skating record, going the distance in 0:31½. ONCE more Herman Harms, of Utica, Minn, who has slept most of the time for sixteen years, and whose case has become famous, has awakened. THE suspension was announced of the First national bank of Fort Payne, Ala. HARVEY KENYON, a lad of 18, living at Walch, 0., has been practically mummified below the knees by the extravasation of blood into the muscular tissues following a fit of vomiting. THE leader of the Seventh Day Adventists of Battle Creek, Mich., Elder Uriah Smith, says the end of the world is near. A VETERAN of the war of 1812, Andrew Franklin, who lives in Coffee county, Kan., and is 10% years old, will probably be given a pension of $50 a month. THE convicted Milwaukee banker, Koetting. was sentenced to five years' imprisonment by Judge Clementson. OHIO operators have ordered the mines closed as a result of the coal miners' refusal to accept a reduction in wages. FIRE destroyed an insane asylum near Boone, Ia., and of its nine inmates only one escaped. IN one day gold to the value of $128,000 was taken from the Little Johnnie mine at Leadville, Col. ONE THIRD of the business portion of Solomon City, Kan., was burned.

2. February 3, 1894 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, February 3, 1894

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Article Text

DOMESTIC. KOETTING, the convicted Milwaukee banker, was sentenced to five years' imprisonment by Judge Clementson. As A result of the coal miners' refusal to accept a reduction in wages Ohio operators have ordered the mines closed. A STEAM heater in a passenger coach on a Texas road burst and two men were killed and three injured. THE boiler in a sawmill at Newman, Ga., exploded, instanlly killing William Kidd and Oscar Herring. Kidd's head was blown off. ANDREW FRANKLIN, a veteran of the of who lives in Coffee county, is 102 bly be a a war Kan., and given 1812, pension years old, of $50 will month. probaTHE First national bank of Fort Payne, Ala., has suspended. THE interior of the hide, furand wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church were burned, the total loss being $160,000. By the extravasation of blood into the muscular tissues following a fit of vomiting Harvey Kenyon, a lad of 13, living at Walch, O., has been practically mummified below the knees FIRE destroyed St. Paul's Episcopal church in Louisville, Ky., the loss being $100,000; insurance, $54,000. THE house of a man named Thomson was wrecked by a snowslide in White Bird Gulch, Idaho, and his four daughters were killed. By the capsizing of a boat in the harbor at Charleston, S. C., six men were drowned. JEREMIAH M. MULVIHILL, alderman of the Seventeenth ward in Chicago, was shot and probably fatally wounded in a saloon by Mike Fewer, who was drunk. COLD weather reduced the pressure in fields O., was the and natural great suffering gas around the Celina, result. Two FREEPORT (III.) young women sawed several cords of wood donated to their church by a farmer. TWELVE of the hat factories at Danbury, Conn., have resumed operations with non-union men. B. B. CAMPSEN and Fred Miller and four others were drowned by a boat capsizing near Sullivan island, S.C. THREE grandchildren of Frank Miggins were burned to death in his house at Crawford's, Ala. MRS. EMIL KELLAR while insane shot and killed her husband, her 9-monthsold and herself in strike was A child BIG gold made Auburn, 18 N. miles Y. from Sorocco, N. M. THREE victims of superstition were expelled as the result of the witchcraft trials in the Salem (O.) Methodist church. A TRIAL of the monster Niagara falls tunnel water power proved to be a success. THE Sherman Oil & Cotton company's mill at Sherman, Tex., was burned, the loss being $100,000e SEVERAL heretofore reputable farmers and merchants in Jackson county, Ia., were found to be robbers and ar1 rested. EDWARD THOMPSON and his 10-yeardaughter were aphyxiated by natural s gas at Indianapolis. IN the prize fight at Jacksonville, y Fla., between James J. Corbett, of California, and Charles Mitchell, of Eng1 latter was in t the the d land, third the round, giving "knocked Corbett out" world. title of champion pugilist of the e ENGLAND was said to be preparing e troops for Egypt. The relations bee tween the two countries were strained. k THE exchanges at the leading cleard ing houses in the United States during e the week ended on the 26th aggregated r $840,227,507, against $924,925,525 the previous week. The decrease, compared with the corresponding week in 1893 was 36.6. a SEVEN were frozen to death f in the recent r business in THERE Oklahoma were persons during 430 failures blizzard. States in the seven 407 ended the United on the 26th, against the week days n previous and 255 in the corresponding t time in 1893. 1THE old Schuschardt homestead at I, Newton, L. I., containg many family relies and paintings, was burned, the loss being $100,000. BECKLEY, of Pittsburgh, is pushing a y scheme for benefit ball games for n Catcher Bennett, who recently lost both legs.

3. February 3, 1894 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, February 3, 1894

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Article Text

WEST AND SOUTH LUMBER dealers of Ohio, Pennsylvania, Michigan and Indiana in the twelfth annual convention adopted resolutions denouncing the free lumber schedule of the Wilson bill and setting forth that the lumber interests of the country would be ruined if it was enacted into law. FIRE ruined the interior of the hide, fur and wool house of Adler, Goldman & Co. in St. Louis and the German Evangelical Lutheran church, the total loss being $160,000. ALONZO RERD, a dissolute character at Perry, III., shot and killed his wife and infant and then ended his own life. AT Madison, Wis, John S. Johnson, of Minneapolis, beat the quarter-mile skating record, going the distance in 0:31 16. ONCE more Herman Harms, of Utica, Minn, who has slept most of the time for sixteen years, and whose case has become famous. has awakened. THE suspension was announced of the First national bank of Fort Payne, Ala. HARVEY KENYON, a lad of 18, living at Walch, O., has been practically mummified below the knees by the extravssation of blood into the muscular tissues following a fit of vomiting. THE leader of the Seventh Day Adventists of Battle Creek, Mich., Elder Uriah Smith, says the end of the world is near. A VETERAN of the war of 1812, Andrew Franklin. who lives in Coffee county, Kan. and is 103 years oid, will probably be given c pension of $50 a month