First National Bank (Woodsfield, OH)

Episode Information

Episode UID
541401609
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
54140 national
Charter Number
5414
Start Date
January 2, 1934
Location
Woodsfield, Ohio (39.763, -81.115)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
39ecfb4dc351015b

Response Measures

None

Receivership Details

Depositor recovery rate
95.9%
Date receivership started
1934-01-02
Date receivership terminated
1940-01-27
Share of assets assessed as good
53.4%
Share of assets assessed as doubtful
43.2%
Share of assets assessed as worthless
3.4%

Events (4)

1. June 9, 1900 Chartered
Source
historical_nic
2. January 2, 1934 Receivership
Source
historical_nic
3. January 2, 1934 Receivership
Newspaper Excerpt
Willard Hood of Cambridge has appointed receiver the First National bank Woodsfield
Source
newspapers
4. February 23, 1939 Other
Newspaper Excerpt
court of appeals has sustained Judge Carlos M. Riecker in the case of Harry Briggs, receiver of the First National bank, of Woodsfield vs. L. E. Motz
Source
newspapers

Newspaper Articles (2)

Article Text

HOOD IS NAMED BANK RECEIVER Woodsfield, Jan. Willard Hood of Cambridge has appointed receiver the First National bank Woodsfield CLASSIFIED greatest


Article from Morgan County Democrat, February 23, 1939

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Article Text

# JUDGE RIECKER SUSTAINED # BY HIGHER COURT The court of appeals has sustained Judge Carlos M. Riecker in the case of Harry Briggs, receiver of the First National bank, of Woodsfield vs. L. E. Motz of Woodsfield. Action was brought on a promissory note for about $2,500 against defendant. The firm of Motz & Motz had a claim of $2,200 against the bank, which they claimed as a set off against the note. During the trial Judge Riecker ordered the jury to bring in a direct verdict in favor of the bank, holding the claim of defendant against the bank was not a legal one and should not be allowed. The case heard in Woodsfield, was hotly contested, and after Judge Riecker's decision was later carried to the court of appeals, which sustained Judge Riecker's finding.