Marion National Bank (Marion, OH)

Episode Information

Episode UID
630801337
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
63080 national
Charter Number
6308
Start Date
May 22, 1911
Location
Marion, Ohio (40.589, -83.129)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
86ccc87d6ffb6a1f

Response Measures

None

Receivership Details

Depositor recovery rate
87.6%
Date receivership started
1931-12-24
Date receivership terminated
1938-12-10
Share of assets assessed as good
51.2%
Share of assets assessed as doubtful
44.5%
Share of assets assessed as worthless
4.3%

Description

Newspaper items show a receiver active in 1911 but the provided official receivership date is 1931-12-24; dates conflict.

Events (4)

1. June 17, 1902 Chartered
Source
historical_nic
2. May 22, 1911 Other
Newspaper Excerpt
the partial report of Receiver Henry B. Hane has been confirmed and he is allowed as his compensation a commission of three per cent. on all money collected and accounted for by him.
Source
newspapers
3. December 24, 1931 Receivership
Source
historical_nic
4. December 24, 1931 Receivership
Source
newspapers

Newspaper Articles (2)

Article from The Marion Daily Mirror, May 22, 1911

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Article Text

Judge Daniel Babst came down from Crestline a short time this morning and made an order in the C., D. & M. Case, in which Newton J. Catrow is plaintiff, and which involves the receivership matter in which the question of jurisdiction is being fought. General E. B. Fnley, of Bucyrus, Judge C. C. Williams of Columbus, and Harry West, representing Ell M. West, present receiver of the road, were here, the former two representing the C., D. & M., and West representing his father. General (Finley filed a motion asking for leave to file an answer and cross-petition in the Catrow case, claiming that he was attorney for E. A. McBee, Robert J. Bingham and Samuel Castleman, who assert that they are agents for stockholders and represΓͺnt 4,300 shares of stock. Judge Bobst rather indicated his course of action by ardering that a complete record of the case be made in this court and that means that the entire matter will probably be threshed out here. He will be back to Marion next Monday when it is expected that he will hear arguments on the matter of permitting the filing of intervening petitions, and will also indicate what action he intends taking with reference to jurisdiction. The decision will be watched with the greatest interest by members of the legal fraternity in this city, In the matter of the Marion National bank against the Implement Manufacturing company and others, an action for the appointment of a receiver, the partial report of Receiver Henry B. Hane has been confirmed and he is allowed as his compensation a commission of three per cent. on all money collected and accounted for by by him. The receiver is also ordered to distribute to the stockholders who have paid in full the judgment against them, all the funds available for that purpose, which is $12.50 per share of stock. The receiver is also ordered to sell all unpaid judgments against the stockholders after giving ten days' notice by advertising.


Article from The Marion Daily Mirror, August 3, 1911

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Article Text

is called and will be held at the place of business of the Marion National Bank. in the City of Marion. Ohio. on Saturdav. September 2nd. 1911 at 10 o'clock a. m., at which all acounts and demands for and against said corporation. and all its open and subsisting contracts, shall be ascertained and adjusted. John E. Waddell. Receiver. Crissinger & Guthery Attvs. 7-27-3t Thu.