First National Bank (Claysville, PA)

Episode Information

Episode UID
427301258
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
42730 national
Charter Number
4273
Start Date
October 10, 1904
Location
Claysville, Pennsylvania (40.118, -80.410)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
23c59dfd0ca763bf

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1904-10-11
Date receivership terminated
1907-04-13
OCC cause of failure
Fraud
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
45.4%
Share of assets assessed as worthless
13.6%

Events (5)

1. March 27, 1890 Chartered
Source
historical_nic
2. October 10, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Run followed the assignment of one of its directors (N. B. Brockman) and circulation of an unfavorable report among depositors.
Newspaper Excerpt
the First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday.
Source
newspapers
3. October 11, 1904 Receivership
Source
historical_nic
4. October 11, 1904 Receivership
Newspaper Excerpt
National Bank Examiner C. W. Robinson has been appointed receiver.
Source
newspapers
5. October 11, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors after the run and National Bank Examiner C. W. Robinson was appointed receiver.
Newspaper Excerpt
The First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday. A receiver has been appointed.
Source
newspapers

Newspaper Articles (14)

Article from The Minneapolis Journal, October 11, 1904

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Article Text

CLAYSVILLE BANK CLOSED. Washington, Oct. 11.-The controller of the currency has been advised by the president of the First National bank of Claysville, Pa., that he closed its doors this morning in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from Santa Fe New Mexican, October 11, 1904

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Article Text

PENNSYLVANIA BANK FAILURE Local Institution at Claysville Closed Its Doors-Receiver Appointed. Washington, D. C, Oct. 11.-The First National Bank of Claysville, Pennsylvania, closed its doors today in consequence of a run yesterday. A receiver has been appointed. The latest statement issued by the bank for the quarter ending September 6th, shows the total liabilities to be $300,000, including deposits amounting to $158,000.


Article from Las Vegas Daily Optic, October 11, 1904

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Article Text

PENNSYLVANIA NATIONAL BANK CLOSED. WASHINGTON Oct. 11.-The First National bank of Claysv'lle Penn. closed its doors today in consequence of the run yesterday, A receiver has been appointed. The last statement issued by the bank on Sept. 6th, shows that the total liabilities we $300,000 including deposits of $158, 000.


Article from Sistersville Daily Oil Review, October 11, 1904

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Article Text

CLAYSVILLE, PA., BANK CLOSES doors this morning. This action Special to The Oil Review. became necessary on the part of Washington, Oct. 11.-The the bank officials on account of Comptroller of Currency has been the run which was made on this advised by the President of the institution yesterday. National Bank Examiner Robinson has been First National bank at Claysville, Pa., that that bank closed its appointed receiver.


Article from Deseret Evening News, October 11, 1904

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Article Text

Claysville, Pa, Bank Closed. Washington, Oct. 11.-The First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday. A receiver has been appointed. The last statement issued by the bank Sept. 6 shows total liabilities $300,000, including deposits of $158,000.


Article from The Topeka State Journal, October 11, 1904

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Article Text

Run Closes a Bank. Washington, Oct. 11.-The First National bank of Claysville, Pa., closed its doors today in consequence of a run yesterday. A receiver has been appointed. The last statement issued by the bank September 6, shows total liabilities $300,000, including deposits of $158,000.


Article from New-York Tribune, October 12, 1904

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Article Text

RUN CLOSES A NATIONAL BANK. Washington, Oct. 11.-The Controller of the Currency has been advised by the president of the First National Bank of Claysville, Penn., that he closed its doors this morning because of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver. The last report of the bank's condition, dated September 6, 1904, shows loans and discounts. $192,038; total resources, $301,747; capital stock, $50,000, and deposits, $158,263. Claysville, Penn., Oct. 11. .-The First National Bank was subjected to a heavy run yesterday, following the assignment on Saturday of N. B. Brockman, one of the directors. An unfavorable report of the bank's condition was circulated among the depositors while at church on Sunday, and a run was started when the bank speand for business on Monday morning.


Article from The Daily Palladium, October 12, 1904

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Article Text

Run on a Bank. (By Associated Press.) Washington, October 11.-The comptroller of the currency has been advised by the President of the First National Bank of Claysville, Pa., that he closed its doors today in consequence of a run yesterday. The bank is now in charge of a bank examiner.


Article from The Bemidji Daily Pioneer, October 12, 1904

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Article Text

Pennsylvania Bank Closed. Washington, Oct. 12.-The comptroller of the currency has been advised by the president of the First National bank of Claysville, Pa., that he closed its doors during the morning in consequence of a run. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from Americus Times-Recorder, October 12, 1904

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Article Text

Bank's Doors Closed. Washington, Oct. 11-The comptroller of the currency has been advised by the president of the First Nation. al bank of Claysville, Pa., that he closed its doors today in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from The Savannah Morning News, October 12, 1904

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Article Text

Bank Had to Close Down. Washington, Oct. 11.-The controller of the currency has been advised by the president of the First National Bank, Claysville, Pa., that he closed its doors to-day in consequence of a run yesterday. National Bank Examiner C. W. Robinson has been appointed receiver. The bank has a capital of $50,000 and deposits of $158,000.


Article from The Washburn Leader, October 15, 1904

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Article Text

Penns/lvania Bank Closed. Washington, Oct. 12.-The comptroller of the currency has been advised by the president of the First National bank of Claysville, Pa., that he closed its doors during the morning in consequence of a run. National Bank Examiner C. W. Robinson has been appointed receiver.


Article from The Democratic Advocate, October 15, 1904

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Article Text

Robert J. Wynne, First Assistant Postmas ter-General has been appointed to succeed the late Henry C. Payne. According to the latest returns to the Territorial Board of Equalization, there are 237,696 cattle in Arizona, valued at $1,578,625. As a result of a run following the assignment of one of its directors, the First National Bank of Claysville, Pa., has closed its doors. Glass houses of a very substantial kind can be built now. Silesian glassmakers, are turning out glass bricks for all sorts of building purposes. Nellie Gardner and Mabel Wright, of Belleville, III., have been sentenced each to 14 years in the penitentiary for complicity in the murder of John Dunlap. Herman Lutz. a wealthy cigar manufacturer of Winterstown, Pa., died October 10. as a result of lockjaw, which was caused by Lutz having right hand badly mangled in a tobacco cutter about two weeks ago. The symptoms developed Sunday and he died in great agony.


Article from The Pickens Sentinel-Journal, October 19, 1904

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Article Text

National Bank Closed by Run. The comptroller of the currency has been advised by the president of the First National Bank, Claysville, Pa., that he closed its doors Tuesday in consequence of a run Monday. No.tional Bank Examiner C. W. Robinson has been appointed receiver.