Article Text
Bank Failure Washington, Aug. 17.-The comptroller of the currency to-day appointed R. D. Garret, temporary receiver of the Somerset National Banking company, of Somerset. Ky. No statement of the bank's condition has been issued.
Somerset National Banking Company (Somerset, KY)
Episode Information
- Episode UID
546801208- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
54680national - Charter Number
- 5468
- Start Date
- August 17, 1900
- Location
- Somerset, Kentucky (37.092, -84.604)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
abf302236eb14589
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1900-08-17
- Date receivership terminated
- 1908-09-30
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 47.8%
- Share of assets assessed as doubtful
- 52.0%
- Share of assets assessed as worthless
- 0.2%
Events (4)
1.
June 29, 1900
Chartered
- Source
- historical_nic
2.
August 17, 1900
Receivership
- Source
- historical_nic
3.
August 17, 1900
Receivership
- Newspaper Excerpt
- The comptroller of the currency to-day appointed R. D. Garret, temporary receiver of the Somerset National Banking company, of Somerset. Ky.
- Source
- newspapers
4.
November 13, 1900
Other
- Newspaper Excerpt
- A judgment was today rendered in the Pulaski. circuit in favor of R. D. Garrett, United States receiver of the Somerset National Banking company against the Somerset Banking company, for $71,032.
- Source
- newspapers
Newspaper Articles (14)
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Article Text
Receiver for a Bank. Washington,, August 17.-The comptroller of the currency today appointed R. D. Garrett, temporary receiver of the Somerset National Banking Co., of Somerset, Ky. No statement of the bank's condition is issued.
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Article Text
Somerset,Ky., Bank Insolvent. Washington, Aug. 17-The comptroller of the currency today appointed R. D. Garrett temporary receiver of the Somerset national banking company, Somerset, Ky. No statement of the bank's condition is issued.
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Article Text
Bank Receiver Named. Washington, Aug. 17.-The comptroller of the currency today appointed R. D. Garrett temporary receiver of Somerset National bank, Somerset, Ky. The bank has been organized only since June 29, 1900, and had an authorized capital of $50,000. No statement of the bank's conditions has been issued.
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Article Text
RECEIVER FOR A KENTUCKY BANK. Washington, Aug. 17.-The Controller of the Currency to-day appointed R. D. Garrett temporary recelver of the Somerset National Banking Company, Somerset, Ky. The bank has only been organized since June 29, 1900, and had an authorized capital of $50,000.
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Article Text
A temporary receiver has been appointed for the defunct Somerset National bank at Somerset, Ky. The bank was organized in June of this year.
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Article Text
National Bank Is Closed. Washington, Aug. 20.-The comptroller of the currency has appointed R. D. Garrett temporary receiver of the Somerset National Banking company, Somerset. Ky. The bank has been organized only since June 29, 1900, and had an authorized capital of $50,000.
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Article Text
National Bank Is Closed. Washington, Aug. 20.-The comptroller of the currency has appointed R. D. Garrett temporary receiver of the Somerset National Banking company, Somerset. Ky. The bank has been organized only since June 29, 1900, and had an authorized capital of $50,000.
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Article Text
Receiver Gets a Judgment. Somerset, Ky., Nov. 13.-A judgment was today rendered in the Pulaski. circuit in favor of R. D. Garrett, United States receiver of the Somerset National Banking company against the Somerset Banking company, for $71,032.
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Article Text
Judgment Rendered. SOMERSET. Ky., Nov. 13-A judgment was rendered in the Pulaski county court to favor of R. R. Garrett. United States receiver of the Somerset National Banking Company, against the Somerset Banking Company for $71,032.
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BUSINESS FAILURES. Jan. 3-Wabasha. Minn., People's bank. 6-Rahway. N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine mant.: $2,319,027. Piankington. S. D., State bank. 17-Chiengo, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb. mant: $1,361,438.... Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition: $1,520,085; no assets. 22-D. Appleton & Co., New York, publishCTS: $3,000,000. 26-Rutland, Vt., Merchanis' Nat. bank.... Keene, N. H., Five Cent savings bank for $1.449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center. Kan., Citizens' state bank. 27-Anolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill. the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers: $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank. at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association.
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BUSINESS FAILURES. Jan. 3--Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank.... New York. Hulbert H. Warner, patent medicine manf.: $2,319,027. 9-Plankinton, S. D., State bank. 17-Chicago, Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes: had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank.... Keene, N. H., Five Cent savings bank for $1,449,058; $718,873. and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,10-Columbus, $140,000. O., Reinhard & Co.'s bank; 12-Vates Center, Kan., Citizens' state bank. 27-Anolph® Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. Aug. 13-Henry J. 0 Neill, the "barley king." files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (Ill.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch 000,000. & Foote, New York brokers; $2,19-South Mass. Danvers Nat. bank. at Peabody, Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Balvimore, Md. 25-Isaac Robinson, at Balkimore, Md., manufacturer: $800,000.
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BUSINESS FAILURES. Jan. 3—Wabasha, Minn., People's bank. 6—Rahway, N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9—Plankinton, S. D., State bank. 17—Chicago, Francis P. Owings, real estate; $5,364,977. Feb. 7—New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438....Boston, Miner, Beal & Co., clothing firm, $450,000. 26—United States milling combine (flour trust); $15,000,000. Mar. 3—Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in December. 5—J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19—John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22—D. Appleton & Co., New York, publishers; $3,000,000. 26—Rutland, Vt., Merchants' Nat. bank.... Keene, N. H., Five Cent savings bank for $1,449,058; and Guarantee savings bank for $718,873. Apr. 3—Cambridge (Neb.) State bank; $40,000. 12—Yates Center, Kan., Citizens' state bank. 27—Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11—Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21—Pentwater, Mich., Neilson & Co.'s bank. 26—Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28—Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5—W. C. Shields' bank at Mulberry Grove, Ill. 15—McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. Aug. 13—Henry J. O'Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank; $61,000. 17—Somerset (Ky.) Nat. bank. Sep. 6—Lamont (Ill.) state bank; $12,000. 7—Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18—Hatch & Foote, New York brokers; $2,000,000. 19—South Danvers Nat. bank, at Peabody, Mass. Nov. 17—German Nat. bank, at Newport, Ky. Dec. 12—Bank at Brillion, Wis. 13—Order of Chosen Friends, large fraternal insurance association. 21—American nat. bank of Baltimore, Md. 25—Isaac Robinson, at Baltimore, Md., manufacturer; $800,000.
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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. G-Rahway, N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9-Plankinton. S. D., State bank. 17-Chicago, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co.: clothing firm, $450,000. 26-United States milling combine (flour trust): $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; (ber. had suspended payment in DecemB-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files insuruptcy petition; $1,520,085; no assets. 12-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank.... Isene. N. H., Five Cent savings bank for $718,873. $1,449,058; and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,10-Columbus, $140,000. O., Reinhard & Co.'s bank; 12-Yates Center. Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31 May II-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. IS-Henry J.O' Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (111.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch 000,000. & Foote, New York brokers; $2,19-South Mass. Danvers Nat. bank, at Peabody, Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 25-Isaac Robinson. at Baltimore, Md., manufacturer: $800,000.