First National Bank (Hillsboro, OH)

Episode Information

Episode UID
78701159
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
7870 national
Charter Number
787
Start Date
July 16, 1896
Location
Hillsboro, Ohio (39.212, -83.611)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e040eb42fecd64df

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1896-07-22
Date receivership terminated
1907-08-27
OCC cause of failure
Losses
Share of assets assessed as good
69.3%
Share of assets assessed as doubtful
10.9%
Share of assets assessed as worthless
19.8%

Description

Suspension taken by directors fearing a run; receivership followed a week later.

Events (4)

1. February 7, 1865 Chartered
Source
historical_nic
2. July 16, 1896 Suspension
Cause Details
Directors voluntarily suspended business fearing a run after two stockholders threatened suit for appointment of a receiver.
Newspaper Excerpt
The First National bank of Hillsboro, O., closed its doors this morning. ... Fearing a run on the bank the directors decided to suspend business.
Source
newspapers
3. July 22, 1896 Receivership
Source
historical_nic
4. July 22, 1896 Receivership
Newspaper Excerpt
Controller Eckels has appointed John Hulitt receiver of the First National Bank of Hillsboro', Ohio, which failed recently.
Source
newspapers

Newspaper Articles (14)

Article from The Morning Times, July 17, 1896

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Article Text

Ohio Bank Suspends Business. Hillsboro, 0., July 16.-The First National bank of Hillsboro, 0., closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from The San Francisco Call, July 17, 1896

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Article Text

Collapse of a Bank. HILLSBORO, OHIO, July 16.-The First National Bank of Hillsboro, Ohio, closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from The Record-Union, July 17, 1896

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Article Text

Bank Failure HILLSBORO (O.), July 16.-The First National Bank of Hillsboro, O., closed its doors this morning. Two stockholders, whose names are not given, threatened suit for the appointment of a receiver. Fearing a run on the bank, the directors decided to suspend business. They declare that depositors and creditors will be paid in full.


Article from Evening Star, July 23, 1896

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Article Text

Receiver Appointed. Controller Eckels has appointed John Hulitt receiver of the First National Bank of Hillsboro', Ohio, which failed recently.


Article from The Worthington Advance, July 23, 1896

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Article Text

At Hillsboro, O., the First national bank closed its doors. In a duel at Knoxville, Tenn., Washington Smith was killed by D. Rogers. Smith was the father of 14 children, including four sets of twins. There were 216 business failures in the United States in the seven days ended on the 17th, against 219 the week previous and 256 in the corresponding period of 1895. P. J. O'Connor, of Savannah, Ga., was reelected president of the International Ancient Order of Hibernians at the annual meeting in Detroit. The New York State Bankers' association in session at Niagara Falls declared strongly for the continuance of the gold standard. Samuel G. Fleming, cashier of the Exchange national bank at El Dorado, Kan., was charged with the theft of $10,000 of the bank's money. In the vicinity of the Brown company's works at Cleveland, O., there were several riots and an open conflict between the mob and militia, during which 1,000 men were put to flight at the point of the bayonet. The Hallet & Davis company, dealers in pianos and organs in Chicago, failed for $140,000. A statement prepared by the commissioner of immigration shows that 343,267 immigrants arrived in this country during the fiscal year ended June 30, against 258,536 in 1895. The nineteenth annual meeting of the American Bar association will be held at Saratoga Springs August 19, 20 and 21 next. SecreThe correspondence between the tary Olney and Lord Salisbury question of international arbitration has been made public and shows that, while considerable progress has been made towards the desired end, and indicating that a satisfactory conclusion will be reached, yet no vital point has been agreed upon. Frank June and his wife and child. of Grand Haven, Mich., were drowned in the lake by the upsetting of a boat. The post office safe at Carrollton, O., was blown open by burglars and a large amount of money, stamps, and a number of registered letters were stolen. John E. Howard, deputy town marshal of Tulare, Cal., who killed Martin de Larna two years ago during a political quarrel. was hanged at Folsom. The percentages of the baseball clubs in the National league for the week ended on the 19th were as follows: Cleveland, .672; Cincinnati, .671; Baltimore, .671; Boston. .568; Chicago, .556; Pittsburgh, 541: Brooklyn. .460; Philadelphia. .460: Washington, .442; New York, .431; St. Louis, .286; Louisville, .229. Because of the loss of property Louis S. Gradke and his wife, each 64 years old. killed themselves with morphine at Galesburg. III. At the final business session in Milwaukee of the Baptist Young People's Union the place for the meeting in 1898 was changed from Denver to Chattanooga. Tenn. Fire destroyed the immense car barns andofficesof the Chicago City Street railway, with 600 street cars and three horses, entailing a loss of $542,700. and Patrick J. Martin. William L. Elwell and Frank Crosby perished in the flames. James French shot and killed his wife at Rockford, III., and then fatally shot himself. Domestic trouble was the cause. Henry J. Smith, trading as the Historical Publishing company, failed in Philadelphia for $100,000. Warren P. Rouse and Miss Nora Tanner fought a duel with pistols and knife at Anniston, Ala.. and both were killed. Archibald Askew fatally shot his uncle, Arthur Callahan, and then killed himself at Kingston, III. The village of Trout Run, Pa., was nearly wiped out by fire. The celebration of the centennial of Cleveland, O., began with appropriate services in all the churches. The festivities will last until September 10. A generally poor condition of fruit throughout the country is announced in the report of the agricultural department. Mrs. Greenfelt and her child were drowned in Turkey river at Dubuque, Ia. The child fell out of a skiff and the mother jumped in to save it. Dan Dicks (colored) was lynched by a mob at Ellentown, S.C.. for attempting to outrage Mrs. L. W. Hill. Malvern. Ark., a town of 6,000 inhabitants, was entirely destroyed by an incendiary fire. Mrs. Martin Drury and her two children were fatally bitten by snakes at Blair's Valley. Pa. Joseph Topper and his wife committed suicide near Lawrenceburg. Ky., by lying down on the track in front of an approaching railway train. Rulie Johnson shot and killed his wife at Vicksburg. Miss., and then committed suicide. Jealousy was the cause. PERSONAL AND POLITICAL The Iowa republicans met at Des Moines and nominated the following ticket: Secretary of state, George L. Dobson. of Des Moines; auditor, C. G. McCarthy, of Nevada; treasurer. John Herriott, of Stewart: attorney general. Milton Remley. Iowa City, renominated; supreme judge, Scott M. Ladd. of Shel-


Article from The News-Herald, July 30, 1896

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Article Text

Hulitt Receiver. Cashier John Hulitt has been appoint. ed receiver for the First National, and will enter at once upon the settlement of its affairs. The universal verdict is that no better appointment could have been made. Everybody has the utmost con fidence in his sterling honesty and his great business ability. That the business of the bank will be wound up to the best possible advantage is an accepted conclusion all round. There seems to be no doubt that depositors will be paid in full, and the stock holders have strong hopes of saving considerable from the wreck.


Article from The News-Herald, January 14, 1897

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Article Text

Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, O., will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, January 21, 1897

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Article Text

Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, O., will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, February 4, 1897

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Article Text

Notice. Persons having Receiver's certificates for claims against the First National Bank, of Hillsboro, 0, will be paid first dividend of 10% on presentation at my office of said certificates and receipting for amount of the dividend. JOHN HULITT, Rec'r.


Article from The News-Herald, October 21, 1897

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Article Text

The receiver is ready to pay the third dividend, 15 per cent. to the creditors ef the First National Bank, of Hillsboro, O. JOHN HULITT, Rec'r.


Article from The News-Herald, April 14, 1898

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Article Text

Legal Notice. To the Creditors and Stockholders of the First National Bank of Hillsboro. Ohio. Notice is hereby given that on April 19th, A. D. 1898, or as soon thereafter as counsel can be heard, the undersigned will make his report to the Circuit Court of the United States for the Southern District of Ohio, Western Division, that he has sold, subject to the approval and confirmation of said court, two thousand and twenty-nine acres of land situate in Hardin county, Ohio, and to be particularly described in said report, said description can be seen at the office of the undersigned at Hillsboro, Ohio, to S. P. Scott, Elizabeth J.. Scott and Jane Scott said lands to be paid for by the surrender and cancellation of certain claims held by them respectively, including a dividend of fifteen per cent., amounting to $15.423.80, now declared thereon, againstsaid bank as follows: S. P. Scott, thirty-two thousand, four and 44-100 dollars ($82,004.44.) Elizabeth J Scott, fifty-nine thousand, seven hundred and sixty-seven and 86-100 dollars ($59,767.86.) Jane Scott, eleven thousand and fifty-three and 16-100 dollars ($11,053 16) Dividends of thirty-five per cent. have been paid by the undersigned as Receiver of said bank on said claims. The undersigned will, in said report, include a petition that said sale be approved and confirmed by said court. JOHN HULITT. Receiver of the First National Bank of Hillsboro, Ohio.


Article from The News-Herald, July 14, 1898

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Article Text

I am ready to pay the fourth dividend on proved claims against The First National Bank of Hillsboro, Ohio JOHN HULITT, Receiver.


Article from The News-Herald, July 21, 1898

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Article Text

I am ready to pay the fourth dividend on proved claims against The First National Bank of Hillsboro, Ohio. JOHN HULITT, Receiver.


Article from The News-Herald, July 4, 1901

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Article Text

I am now delivering the sixth dividend of ten per cent. to creditors of the First National Bank of Hillsboro, Ohio. JOHN HULITT, Receiver.