First National Bank (Sutton, WV)

Episode Information

Episode UID
621301376
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
62130 national
Charter Number
6213
Start Date
August 27, 1914
Location
Sutton, West Virginia (38.665, -80.710)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
96ec08c440f8beb9

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1914-08-29
Date receivership terminated
1934-05-07
OCC cause of failure
Fraud
Share of assets assessed as good
74.1%
Share of assets assessed as doubtful
19.3%
Share of assets assessed as worthless
6.5%

Description

Articles attribute failure to embezzlement by cashier H. H. Dean who absconded.

Events (4)

1. April 17, 1902 Chartered
Source
historical_nic
2. August 27, 1914 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank allegedly wrecked by cashier H. H. Dean who walked out and is accused of embezzling $100,000.
Newspaper Excerpt
the failure of the bank, August 27, 1914.
Source
newspapers
3. August 29, 1914 Receivership
Source
historical_nic
4. August 29, 1914 Receivership
Newspaper Excerpt
P. E. Wagner, receiver for the First National Bank of Sutton (receiver referenced in multiple articles).
Source
newspapers

Newspaper Articles (10)

Article from The Daily Telegram, January 15, 1915

Click image to open full size in new tab

Article Text

ber of other business men of Sutton. Their complaint is that the receiver for the First National Bank of Sutton has moved away to Charleston. They want the treasury department to compel him to retain his residence in Sutton while he is trying to straighten out the affairs of the bank. No order has yet been issued with respect to this matter, but one is expected before this week ends.


Article from The Wheeling Intelligencer, July 2, 1915

Click image to open full size in new tab

Article Text

RECEIVER WAGNER Of First National Bank of Sutton, Files Declaration Against Parkersburg Institution. Yesterday a declaration was filed in the federal court through Commissioner George E. Boyd in the case of P. E. Wagner, special receiver for the First National Bank of Sutton, against the Central Bank and Security company of Parkersburg, for $9,732.73, actual amount alleged to be due the


Article from The Wheeling Intelligencer, July 10, 1915

Click image to open full size in new tab

Article Text

FEDERAL COURT Suits Against Several Parties by Sutton Bank Discharged Gordon Matter Filed. In the recently instituted suits filed by P. E. Wagner, receiver for the First National Bank of Sutton. against L. E Drummond, J. P. Bodkins and others, of the southern part of the state, in the United States District Federal court. an order was entered yesterday morning by Judge A. G. Dayton, and


Article from The Daily Telegram, February 2, 1916

Click image to open full size in new tab

Article Text

CHARLESTON: Announcement is made by the comptroller of the currency to P. E. Wagner, receiver of the First National Bank of Sutton, that the fourth five per cent dividend to creditors of the bank, whose claims have been allowed is ready for distribution. This makes a total of seventy per cent paid in dividends aggregating $244,731 since the failure of the bank, August 27, 1914.


Article from The West Virginian, February 2, 1916

Click image to open full size in new tab

Article Text

More Cash for Creditors. CHARLESTON, W. Va., Feb. 1.Announcement has been made by the Comptroller of the Currency to P. E. Wagner, receiver of the First National Bank of Sutton, for the fourth 5 per cent dividend to creditors of this bank, whose claims have been allowed, is ready for distribution. This makes a total of 70 per cent paid in dividends, aggregating $244,731, sin&e the failure of the bank August 27, 1914.


Article from The West Virginian, March 28, 1916

Click image to open full size in new tab

Article Text

Five Assumpsit Suits. CHARLESTON, W. Va., March 28. -Five assumpsit suits were brought in United States District Court here by P. E. Wagner receiver for the First National Bank of Sutton against endorsers of notes held by the defunct institution. The dΓ©fendants are John A. Grose, Fred L. Fox, L. H. Kelly, J. E. Cutlip, E. W. Hefner and J. L. Fisher The claims range from $1,000 to $3,500.


Article from The Daily Telegram, March 28, 1916

Click image to open full size in new tab

Article Text

CHARLESTON: Five assumpsit suits have been brought in United States district court here by P. E. Wagner, receiver for the First National Bank of Sutton, against en-


Article from The Daily Telegram, March 30, 1916

Click image to open full size in new tab

Article Text

CHARLESTON: Five suits to recover sums aggregating $8,500 have been filed in federal court here by P. E. Wagner, receiver of the defunct First National Bank of Sutton, against John A. Gross, Jake Fisher and others. Nearly 100 suits have been filed against creditors of the bank to raise money for depositors. The bank was wrecked two years ago, it is alleged, by H. H. Dean, cashier, who walked out of it in his shirtsleeves and has never been heard of since. He was accused of embezzling $100,000 of the banks funds.


Article from Martinsburg Herald, April 1, 1916

Click image to open full size in new tab

Article Text

CHARLESTON. - Five assumpsit suits have been brought in United States district court here by P. E. Wagner, receiver for the First National Bank of Sutton against endorsers of notes held by the defunct institution. The defendants are John A. Crose, Fred L. Fox. L. H. Kelly, J. E. Ctulip, E. W. Hefner and J.L. Fisher. The claims range - from $1,000 to $3,500.


Article from The Daily Telegram, April 6, 1916

Click image to open full size in new tab

Article Text

CHARLESTON: Involving $20,000 a suit in equity has been brought in United States district court here by Howard W. Showalter against P. E. Wagner, receiver for the First National Bank, of Sutton. The suit is the outgrowth of complications in the business affairs of the bank.