First National Bank (Cornwall, NY)

Episode Information

Episode UID
734401265
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
73440 national
Charter Number
7344
Start Date
May 19, 1905
Location
Cornwall, New York (41.443, -74.014)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f0b7a9c71fb7da90

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1905-05-19
Date receivership terminated
1905-10-13
OCC cause of failure
Losses
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
12.4%
Share of assets assessed as worthless
46.6%

Events (3)

1. July 25, 1904 Chartered
Source
historical_nic
2. May 19, 1905 Receivership
Source
historical_nic
3. May 19, 1905 Receivership
Newspaper Excerpt
The First National Bank of Cornwall, New York, was closed today by direction of the comptroller of the currency on the ground of insolvency, and National Bank Examiner Charles E. VanBrocklin has been appointed receiver.
Source
newspapers

Newspaper Articles (11)

Article from Santa Fe New Mexican, May 19, 1905

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Article Text

RECEIVER APPOINTED FOR NATIONAL BANK. Washington, May 19.-The First National Bank of Cornwall, New York, was closed today by direction of the comptroller of the currency on the ground of insolvency, and National Bank Examiner Charles E. VanBrocklin has been appointed receiver.


Article from The Seattle Star, May 19, 1905

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Article Text

WASHINGTON, May 19.-The comptroller of the currency this morning appointed a receiver for the First National bank of Cornwall, N. Y.


Article from The Spokane Press, May 19, 1905

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Article Text

RECEIVER APPOINTED FOR BANK (Scripps News Association.) WASHINGTON, May 19. - The comptroller of the currency this morning appointed a receiver for the First National bank of Cornwall, N. Y.


Article from Alexandria Gazette, May 19, 1905

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Article Text

шолд spondence of the Alexandria Gazette.] Washington, D. C., May 19. missioner of Corporations Garfield he first caller at the President's this morning, He stated that he t as yet finished his report on the ation in Kansas, and that it would me time before it would be ready bmission to the President. The e procured isquite voluminous and eed considerable study before he rive at any definite conclusions. President has decided to appoint Senator Louis E. McComas, of and, to be the successor of Martin rris as judge of the District of bia Court of Appeals, Judge Morving signified his intention of reg. This announcement was made torney General Moody after the et meeting today. Just previous announcement a committee from r of the District of Columbia had on the President to petition him oint a Washington lawyer to the ctive vacancy. First National Bank of Cornwall, all, New York, was closed this ng by direction of the Comptroller Currency, on the ground of insoand National Bank Examiner Chas. n Brooklyn has been appointed reNavy Department has been advishe death this morning at Pensacola geon Hatton N. T. Harris, of the He entered the service in 1887 as appointed from Virginia. or E. Portela, the new Minister to nited States from the Argentine olic presented his credentials to the Department this morning. Senor a was until recently Argentine ter at Madrid, Spain, and his promotton. B su Π³Π΅Π΄Π°Π²Π΅Ρ€ 8! 19 second and last day of the charter g of the National Association for udy and Prevention of Tuberculosis levoted to sectional meetings at were discussed the bacteriologiathological, elimatological, and l phases of the disease. ary Willard Bean, who was the nt agent of -the New York and idez Asphalt Co., in Venezuela, for months during which time the inoccurred which has formed the for the charge that Mr. Loomis, S. Minister to Venezuela and now ant Secretary of State, received a for $10,000 from the Aspha't Co., nably for services rendered, has xamined by Secretary Taft and has his version of the affair. His tes7 will be laid before the President retary Taft's review of the case. accordance with a recent decision e District Court of Appeals, the Burns faction of the Knights of instituted quo warranto proceed3 the District Court today for the se of making the Hayes faction by what right they are claiming to duly elected officers. adreds of telegraph orperators ghout the country are saddened toer a brief news item from Cini which tells them that "Patsey" "has got 30" and has dropped y !or good. Probably few telers had a wider acquaintance or d more friends than A. S. Ayres. longed to the old migrating school craft, though he was only 50 he died of paralysis yesterday, ) his younger days worked in important city and half the illages in the United States. he became the manager of the ngton bureau of the Publishers' which has grown to be one of ( news gathering-concerns of the In 1900 the strain of office


Article from Daily Capital Journal, May 19, 1905

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Article Text

Receiver Appointed. Washington, May 19.-The comptrollor of the currency this morning ap. pointed a receiver for the First National Bank, of Cornwall, N. Y.


Article from The Topeka State Journal, May 19, 1905

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Article Text

Cornwall National Bank Closed. Washington, May 19.-The First National bank of Cornwall, N. Y., was closed today by direction of the comptroller of the currency on the ground of insolvency and National Bank Examiner Charles E. Vanbrocklin has been appointed receiver.


Article from Bryan Morning Eagle, May 20, 1905

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Article Text

Bank Closed. Washington, May 19.-The First National Bank of Cornwall, N. Y., was closed by direction of the comptroller of the currency on the ground of insolvency. National Bank Examiner Charles E. Vanboecklin has been appointed receiver.


Article from The Montgomery Advertiser, May 20, 1905

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Article Text

An Insolvent Bank. Washington, May 19.-The First National Bank of Cornwall, N. Y., was closed this morning by direction of the Comptroller of the Currency on the ground of insolvency, and National Bank Examiner Charles E. Vanbrocklin has been appointed receiver.


Article from The Pensacola Journal, May 20, 1905

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Article Text

National Bank Closed. Washington, May 19.-The First National Bank of Cornwall, N. Y., was closed this morning by direction of the comptroller of the currency on the ground of insolvency, and National Bank Examiner Charles E. Vanbrocklin has been appointed receiver.


Article from The Caucasian, May 21, 1905

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Article Text

Bank Closed. Washington, May 20.-The First National Bank of Cornwall, N. Y., was closed by direction of the comptroller of the currency on the ground of insolvency. National Bank Examiner Charles E. Vanboecklin has been appointed receiver.


Article from Durant Weekly News, May 26, 1905

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Article Text

Bank Closed. Washington, May 20.-The First National Bank of Cornwall, N. Y., was closed by direction of the comptroller of the currency on the ground of insolvency. National Bank Examiner Charles E. Vanboecklin has been appointed receiver.