First National Bank (Fremont, OH)

View Charter #5 on SPMC View balance sheet

Episode Information

Episode UID
501611
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
50 national
Charter Number
5
Start Date
March 5, 1934
Location
Fremont, Ohio (41.350, -83.122)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
943dce9b5c61bcd4

Response Measures

None

Receivership Details

Depositor recovery rate
81.0%
Date receivership started
1934-03-05
Date receivership terminated
1941-03-22
Share of assets assessed as good
38.5%
Share of assets assessed as doubtful
49.5%
Share of assets assessed as worthless
12.0%

Events (4)
1. June 22, 1863 Chartered
Source
historical_nic
2. March 5, 1934 Receivership
Source
historical_nic
3. March 5, 1934 Receivership
Newspaper Excerpt
has been appointed receiver for the First National Bank at Fremont which duties he assumed this week
Source
newspapers
4. March 5, 1934 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership by appointment of a receiver
Newspaper Excerpt
closed First National Bank
Source
newspapers

Newspaper Articles (2)
1. March 9, 1934 The Galion Inquirer Galion, OH

Article Text

MOTSCH NAMED BANK RECEIVER Assumes New Duties at First National Bank in Fremont This Week Joseph Motsch. this city, has been appointed receiver for the First National Bank at Fremont which duties he assumed this week. Mr. Motsch has been receiver for banks New London and Lodi, which position he will retain until further are made. Prior to these positions he served as assistant to Evenson, receiver of the Citizen's National Bank of this city, and also did special work in the office of the Comptroller of the Currency at Washington.

2. October 4, 1934 The Sandusky Register Sandusky, OH

Article Text

SANDUSKY-CO COURT NOTES FEMONT, Oct. Wednesday authorFulton, state ent of banks, through Miller, deputy borrow $15,000 the Commercial National Bank, Titfin facilitate the liquidation of the closed Gibsonburg Banking Co. Bank assets will be pledged eral for the application said. Report Is Confirmed Judge Overmyer Wednesday confirmed the report roal estate involved foreclosure the Home Building Clyde against Mrs. Scott others and Kraurs received Attorneys Young Bracy also $25 the of fund of $441.50 Krauss listed receipts of $975.50 and expenditures of $534. Judgment Is Taken Clyde Savings Co., Wednescourt against Walde, C'yde and Mary Fremont on a cognovit of $1,000. Farm Is Appraised acre farm in involved in foreclosure sult of the Connecticut Mutual Life against Harvey E. Flory others appraised at $5,000 report Lannert, Wyant, filed in comcourt farm appraised parcels, one the other of 791/2 acres for $4,600. Has Not Despite report, Miss Marie Klopdeputy the offices of Fccorder Zahn had neither quit resigned, Tuesday, according to official. Zahn said that Miss Klopfer, with the deputy, Miss Reineck, been workonly in alternate recentshe felt was needed at home to take care of mother. Authorize Payment Joseph Motsch, of the closed First National Bank thorized by Probate Judge Gabel, equally to Otis Smith, administrator Karbler, guardian of Margaret Whitemore Polter the claim the late Ezra Smith against the bank. receiver structed pay equally to Minifo Filson and man Filson similar assets the estate of the late Thomas Black."