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BANK WENT BUMP. Washington, Feb. 13-The comptroller of the currency announced the suspension of the First National Bank at Matthews, Ind.
First National Bank (Matthews, IN)
Episode Information
- Episode UID
599801250- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
59980national - Charter Number
- 5998
- Start Date
- February 13, 1904
- Location
- Matthews, Indiana (40.389, -85.499)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
5b5bb0c93c09a2df
Response Measures
None
Receivership Details
- Depositor recovery rate
- 30.0%
- Date receivership started
- 1904-02-13
- Date receivership terminated
- 1905-09-30
- OCC cause of failure
- Excessive lending
- Share of assets assessed as good
- 34.9%
- Share of assets assessed as doubtful
- 55.6%
- Share of assets assessed as worthless
- 9.5%
Description
Contemporary reports cite industrial depression/closed factories as cause; receiver soon appointed.
Events (4)
1.
October 24, 1901
Chartered
- Source
- historical_nic
2.
February 13, 1904
Receivership
- Source
- historical_nic
3.
February 13, 1904
Receivership
- Newspaper Excerpt
- National Bank Examiner William D. Frazer has been appointed receiver. (later A. D. Lynch named receiver March 5).
- Source
- newspapers
4.
February 13, 1904
Suspension
- Cause
- Local Shock
- Cause Details
- Industrial depression in town with three factories closed; directors resolved to suspend payments (temporary suspension posted on doors).
- Newspaper Excerpt
- The comptroller of the currency announced the suspension of the First National Bank at Matthews, Ind.
- Source
- newspapers
Newspaper Articles (21)
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By Associated Press. Matthews, Ind., Feb. 13-With the no tice of the suspension of the First National Bank, it is stated that all the depositors will be paid in full.
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WILL PAY IN FULL (By Associated Press.) Matthews, Ind., Feb. 13.-Notice of the suspension of the First National bank stated that depositors would be paid in full.
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AN INDIANA BANK SUSPENDS. (By Associated Press.) Washington, Feb. 13.-The comptroller of the currency has news of the suspension of the First National bank of Matthews, Ind.
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Washington, Feb. 13.-The comptroller of the currency has received a telegram anonuncing the suspension of the First National bank of Matthews, Ind.
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Ind. National Bank Examiner William D. Frazer has been appointed receiver. Matthews, Ind., Feb. 13.-Notice was posted on the doors of the First National Bank here to-day that there would be a temporary suspension, but that all depositors would be paid in full. The capital of the bank is $25,000.
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Indiana Bank Suspends. Washington, Feb. 13.-The Controller of the Currency has received a. telegram announcing the suspension of the First National Bank of Matthews, Ind. National Bank Examiner W. D. Frazier has been appointed receiver. The bank has a capital stock of $25,000.
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MATTHEWS NATIONAL BANK HAS CLOSED ITS DOORS The Comptroller of the Currency has been advised of the closing of the First National Bank, of Matthews, Ind. No information has been received on the cause of the failure. National Bank Examiner William D. Frazer has been appointed receiver The bank has resources of over $133,000.
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BANK AT MATTHEWS WILL REOPEN ,SOON Industrial Depression of the Town, Owing to Shut Down of Factories, Caused the Close. Special to the Indianapolis Journal. MUNCIE, Ind., Feb. 14.-C. H. Church, of this city, a member of the board of directors of the First National Bank, of Matthews, which closed its doors Saturday morning, said to-night that the bank would be reopened within a week. Mr. Church is eashier of the Delaware County Bank, of this city. State Bank Examiner Frazier, of Warsaw, who was last night given the place of receiver for the bank by the controller of the United States currency, was here in conference with Church to-day. Mr. Church suggested a plan for the resumption of the bank, which Receiver Frazier agreed was feasible and should bring about the resumption within a week. Mr. Church said the bank's closing was due to the industrial depression of the town, three factories being closed. He said no one would lose any money by the suspension.
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Indiana Bank Stops. Washington. Feb. 16-The comptroller of the currency received a telegram announcing the suspension of the First National bank of Matthews, Ind. The bank was closed by resolution of the board of directors and National Bank Examiner Frazier has been appointed receiver. This bank was organized Oct. 24, 1901. The comptroller has no Information as to the cause of the directors' action.
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Indiana Bank Suspends. Matthews, Ind., Feb. 15.-Notice was posted on the doors of the First national bank here Saturday that there would be a temporary suspension, but that all depositors would be paid in full.
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By Associated Press. Matthews. Ind., Feb. 13 Wish the no. tice of the suspension of the First Nat ional Bank. it is stated that all the depositors will be paid in full.
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Indiana Bank Suspends. Washington. February 13.-The comptroller of the currency has recelved a telegram announcing the suspension of the First National Rank of Matthews. Indiana. National Bank Examiner W. D. Frazer has been appointed receiver. The bank has a capital stock of $25,000.
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Indiana Bank Suspends. Matthews, Ind., Feb. 15.-Notice was posted on the doors of the First national bank here Saturday that there would be a temporary suspension, but that all depositors would be paid in full.
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Indiana Bank Suspends. Matthews, Ind., Feb. 15.-Notice was posted on the doors of the First national bank here Saturday that there would be a temporary suspension, but that all depositors would be paid in full.
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Indiana Bank Suspends. Matthews, Ind.. Feb. 15.-Notice was posted on the doors of the First national bank here Saturday that there would be a temporary suspension. but that all depositors would be paid in full.
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Appointed Bank Receiver in Indiana. A. D. Lynch, formerly connected with the office of the comptroller of the currency, has been appointed receiver of the First National Bank of Matthews, Ind.
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Bank Receiver Appointed. Washington, March 5-A..D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.
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Receiver for Matthews Bank. WASHINGTON, D. C., March 4.-A. D. Lynch, formerly connected with the office of the controller of the currency in Washington, has been appointed receiver of the First National Bank of Matthews, Ind.
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Receiver Appointed. Washington, March 5.-A. D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First national bank of Matthews, Ind.
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Receiver for an Indiana Bank. Washington, March 5.-A. D. Lynch, formerly connected with the office of the comptroller of the currency in Washington, has been appointed receiver of the First National bank, of Matthews, Ind.