First National Bank (Orrville, OH)

View Charter #6379 on SPMC View balance sheet

Episode Information

Episode UID: 637901269
Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 63790 national
Charter Number: 6379
Start Date: September 27, 1905
Location: Orrville, Ohio (40.844, -81.764)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 113cafc362086980

Response Measures

Full suspension, Books examined

Other: Comptroller ordered closure and a national bank examiner (George T. Cutts) was appointed receiver (receivership).

Receivership Details

Depositor recovery rate: 78.0%
Date receivership started: 1905-09-27
Date receivership terminated: 1907-09-24
OCC cause of failure: Excessive lending
Share of assets assessed as good: 20.4%
Share of assets assessed as doubtful: 61.8%
Share of assets assessed as worthless: 17.8%

Description

Run reportedly followed closing of Smithville bank and a director's connection there, precipitating withdrawals.

Events (5)

1. August 14, 1902 Chartered

Source: historical_nic

2. September 27, 1905 Receivership

Source: historical_nic

3. September 27, 1905 Receivership

Newspaper Excerpt: George T. Cutts, national bank examiner, has been appointed receiver.
Source: newspapers

4. September 27, 1905 Run

Cause: Local Banks
Cause Details: Run followed closing of the bank at Smithville, and a local director's connection with Smithville sparked withdrawals.
Newspaper Excerpt: closed its doors by order of the controller of the currency on account of a continuous run upon the bank.
Source: newspapers

5. September 27, 1905 Suspension

Cause: Government Action
Cause Details: Closed by order of the Comptroller of the Currency (appointed national bank examiner as receiver) due to continuous run.
Newspaper Excerpt: closed its doors by order of the controller of the currency
Source: newspapers

Newspaper Articles (13)

1. September 27, 1905 Evening Star Washington, DC

Article from Evening Star, September 27, 1905

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Article Text

Orrville, Ohio, Bank Closed. The First National Bank, Orrville, Ohio, today closed its doors by order of the controller of the currency on account of a continuous, run upon the bank. George T. Cutts, national bank examiner, has been appointed receiver.

2. September 27, 1905 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, September 27, 1905

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Article Text

OHIO BANK CLOSES DOORS. Washington, Sept. 27.-The First National bank, Orrville, Ohio, today closed its doors by order of the controller of the currency, on account of a continuous run upon the bank.

3. September 27, 1905 Santa Fe New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe New Mexican, September 27, 1905

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Article Text

OHIO NATIONAL BANK CLOSES ITS DOORS. Washington, Sept. 27.-The First National Bank of Orrville, Ohio, closed its doors today by order of the comptroller of the currency, on account of a continuous run. George T. Cutts, national bank examiner, was appointed receiver.

4. September 27, 1905 The Roswell Daily Record Roswell, NM

Article from The Roswell Daily Record, September 27, 1905

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Article Text

National Bank Closed. Washington, D. C., Sept. 27.-The First National Bank, of Orrville, O., closed its doors today by order of the comptroller of the currency, on account of a continuous run. George T. Cutts, national bank examiner, was appointed receiver.

5. September 27, 1905 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, September 27, 1905

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Article Text

First National of Orrville Closes. Washington, Sept. 27.-The First National bank of Orrville, Ohio, today closed its doors by order of the comptroller of the currency, on account of a run on the bank. Geo. T. Cutts, national bank examiner, has been appointed receiver.

6. September 28, 1905 The Bemidji Daily Pioneer Bemidji, MN

Article from The Bemidji Daily Pioneer, September 28, 1905

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Article Text

CLOSED BY COMPTROLLER. First National, Bank of Orrville, O., Suspends Business. Washington, Sept. 28.-The First National bank of Orrville, O., has closed its doors by order of the comptroller of the currency on account of a continuous run upon the bank. George T. Cutts, national bank examiner. has been appointed receiver.

7. September 28, 1905 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, September 28, 1905

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Article Text

Run Closes Bank. Washington, Sept. 27.-The First National bank of Orrville, Ohio, has closed its doors by order of the controller on account of a continuous run on the bank.

8. September 28, 1905 The Daily Ardmoreite Ardmore, OK

Article from The Daily Ardmoreite, September 28, 1905

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Article Text

Ohio Bank Closed. Washington, Sept: 27.-The First National Bank of Orrville, Ohio today closed its doors by order of the comptroller of the currency. A National bank examiner has been appointed recelver.

9. September 28, 1905 The St. Louis Republic Saint Louis, MO

Article from The St. Louis Republic, September 28, 1905

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Article Text

OHIO NATIONAL BANK CLOSES. Orrville Institution Shut Up Because of Long Run. Washington, Sept. 27.-The First National Bank. Orrville. O., to-day closed Its doors by order of the Comptroller of the Currency. on account of a continuous run on the bank. George T. Cutta, national bank examincr. - been assointed reselver.

10. September 28, 1905 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, September 28, 1905

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Article Text

ANOTHER NATIONAL BANK FORCED TO CLOSE. Washington, Sept. 27.-The First National Bank of Orrville, O., closed its doors today by order of the comptroller of currency, on account of a continuous run.

11. September 29, 1905 The Norfolk Weekly News-Journal Norfolk, NE

Article from The Norfolk Weekly News-Journal, September 29, 1905

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Article Text

Ohio Bank's Doors Closed. Washington, Sept. 28.-The First National bank of Orrville, O., closed its doors by order of the comptroller of the currency, on account of a continuous run on the bank. George T. Cutts, national bank examiner, has been appointed receiver.

12. October 4, 1905 The Miller Sun Miller, SD

Article from The Miller Sun, October 4, 1905

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Article Text

Closed Because of a Long Run. The First National Bank of Orrville, O., Wednesday closed its doors by order of the comptroller of the currency on account of a continuous run upon the bank.

13. October 4, 1905 The Star Reynoldsville, PA

Article from The Star, October 4, 1905

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Article Text

Run Closes Bank. Folowing the closing of the bank at Smithville, O., there was a run on the First National at Orrville, which resulted in its doors being closed. L. J. Alcorn, cashier of the local bank, was a director in the Smithville bank, and this fact caused the run. Alcorn says the bank will pay dollar for dollar.