First National Bank - Defiance, OH

Episode Information

Episode UID: 466101588
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 46610 national
Charter Number: 4661
Start Date: April 7, 1932
Location: Defiance, Ohio (41.284, -84.356)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 0ce7d92f27771f90

Response Measures

None

Receivership Details

Depositor recovery rate: 20.9%
Date receivership started: 1932-04-11
Date receivership terminated: 1936-10-31
Share of assets assessed as good: 0.8%
Share of assets assessed as doubtful: 47.6%
Share of assets assessed as worthless: 51.6%

Description

Article (Apr 7, 1932) describes the bank as now closed; receivership date known 1932-04-11.

Events (5)

1. December 7, 1891 Chartered

Source: historical_nic

2. February 17, 1931 Voluntary Liquidation

Source: historical_nic

3. April 7, 1932 Suspension

Cause Details: Article simply states the bank is 'now closed' without giving a reason or attributing it to rumors or runs.
Newspaper Excerpt: Walter J. Patten, Defiance, charged with having given the now closed First National bank of Defiance forged securities...
Source: newspapers

4. April 11, 1932 Receivership

Source: historical_nic

5. April 11, 1932 Receivership

Source: newspapers

Newspaper Articles (1)

1. April 8, 1932 The Times Recorder Zanesville, OH

Article Text

Appeals for Protection Of Coal Miners NEW PHILADELPHIA, O., April 7. — (AP) — An appeal for protection on behalf of former employes of the Wolfford Brothers mine near Newport was made today to Tuscarawas county officials by Ivan Wolfford, operator of the now closed mine. Wolfford said that union pickets threatened to throw the men into the creek if they attempt to leave the mining camp again. The miners walk to Uhrichsville, six miles from the mine, for their food rations. Sheriff Harry C. Smith referred Wolfford to the Mill township trustees in answer to the request. Six families still remain in company houses despite the shutdown March 21, following disagreement between the operators and the union. CONVICTED OF FRAUD TOLEDO, O., April 7. — (AP) — Walter J. Patten, Defiance, charged with having given the now closed First National bank of Defiance forged securities when he negotiated a loan of $10,000 in 1929, was found guilty in federal court here tonight. The jury took but one ballot. Patten furnished new bond of $5,000. Judge George P. Hahn deferred sentence, the maximum of which is two years' imprisonment and a $10,000 fine.