First National Bank (Muncy, PA)

View Charter #837 on SPMC View balance sheet

Episode Information

Episode UID
83701105
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
8370 national
Charter Number
837
Start Date
January 11, 1892
Location
Muncy, Pennsylvania (41.206, -76.786)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
14b73cb3f6ffc8ab

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1892-02-09
Date receivership terminated
1892-10-12
OCC cause of failure
Losses
Share of assets assessed as good
34.9%
Share of assets assessed as doubtful
59.7%
Share of assets assessed as worthless
5.4%

Description

Receiver appointment reported in newspapers Feb 18–19, 1892; official receivership date is 1892-02-09.

Events (5)
1. February 23, 1865 Chartered
Source
historical_nic
2. January 11, 1892 Run
Cause
Bank Specific Adverse Info
Cause Details
Large shortages discovered and alleged looting ($20,000–$25,000 missing; total shortage $40,000+), cashier arrested.
Measures
All cash on hand paid out (~$7,000–$8,000) during the run.
Newspaper Excerpt
Previous to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out.
Source
newspapers
3. January 11, 1892 Suspension
Cause
Government Action
Cause Details
Closed by Bank Examiner Dengler following discovery of vault irregularities and large shortages.
Newspaper Excerpt
The First National Bank of Muncy was closed by order of Bank Examiner Dengler today.
Source
newspapers
4. February 9, 1892 Receivership
Source
historical_nic
5. February 9, 1892 Receivership
Newspaper Excerpt
The comptroller of the currency appointed Emerson Collins, of Williamsport, receiver of the First National bank of Muncy, Pa.
Source
newspapers

Newspaper Articles (17)
1. January 12, 1892 The Morning News Savannah, GA
Article from The Morning News, January 12, 1892

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Article Text

A BANK VAULT LOOTED. A Run by the Depositors-The Cashier Under Arrest. WILLIAMSPORT, PA., Jan. 11. -The First National Bank of Muncy was closed by order of Bank Examiner Dengler today. Previous to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner for this dis trict, was arrested between 10 and 11 o'clock to-night, as startling disclosures were made during the evening. When Examiner Dengler arrived Saturday he found that a portion of the vault combination could not be opened, and he sent to New York for an expert. The man arrived last night and worked five bours before getting the vault door open. MONEY AND BONDS GONE. It was then found that $23,000 in money and bonds were gone, Shortly after this the excited depositors started a run. Dela Green was arrested while in bed and was taken before United States Commissioner Bentley, who demanded bail in $20,000. During the night he will remain in the custody of a deputy marshal. Examiner Dengler said this evening that the affa r3 of the bank are in bad shape, and it looks as if the institution bad been looted. A shortage of at least $40,000 has already been discovered, and the full amount, it is expected, will be much greater. The president is Capt. John W. Bowman, who also acted as cashier during the time that Dela Green was bank examiner. At ridnight the investigation is still under way, and full particulars will not be known until morning.

2. January 12, 1892 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 12, 1892

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Article Text

A BANK LOOTED. All the Cash Missing, but the Cashier Is Found. WILLIAMSPORT, Pa., Jan. 1.-The First National bank of Muney was closed by order of Bank Examiner Dengler today. Previous to the announcement of the suspension, there was a run during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner for this district, was arrested tonight, as startling disclosures were made during the evening. When Examiner Engler arrived on Saturday he found that a portion of the vault could not be opened, and he sent to New York for an expert. The man arrived last night and worked five hours before getting the vault door open. It was then found that $23,000 in money and bonds were gone. Shortly after this the excited depositors started a run.

3. January 12, 1892 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, January 12, 1892

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Article Text

A Pennsylvania Bank Wrecked. WILLIAMSPORT, Pa., Jan. 11.-The First National bank of Muney was closed to. day by order of Bank Examiner Dengler. Dela Green, the cashier, was arrested tonight. Startling disclosures were made during the evening. As the examiner was unable to open the vault, he sent to New York for an expert, who, after five hours work, succeeded in opening the doors. It was then found that $25,000 in money and bonds were gone. A total shortage of over $40,000 has already been discovered, with more of the investigation to hear from. WASHINGTON City, Jan. 11-A resolution for investigation into the causes leading to the failure of the Keystone and Spring Garden national banks was introduced in the House today and referred to the committee on rules. NEW YORK, Jan. 11-The liabilities of Jandorf & Bro., who assigned today, amount to $70,000; assets, unknown.

4. January 12, 1892 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 12, 1892

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Article Text

A BANK LOOTED. All the Cash Missing, but the Cashier Is Found. WILLIAMSPORT, Pa., Jan. 11.-The First National bank of Muncy was closed by order of Bank Examiner Dengler today. Previous to the announcement of the suspension, there was a run during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner for this district, was arrested tenight, as startling disclosures were made during the evening. When Examiner Engler arrived on Saturday he found that a portion of the vault could not be opened, and he sent to New York for an expert. The man arrived last night and worked five hours before getting the vault door open. It was then found that $23,000 in money and bonds were gone. Shortly after this the excited depositors started a run.

5. January 12, 1892 Evening Star Washington, DC
Article from Evening Star, January 12, 1892

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Article Text

Bank at Muncy, Pa., Closed. The First National Bank of Muncy, Pa., has been closed by order of Bank Examiner Dengler Prior to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner for this district, was arrested between 10 and 11 o'elock last night, as startling disclosures were made during the evening. When Examiner Dengler arrived on Saturday he found that a portion of the vault could not be opened, and he sent to New York for an expert. The man arrived last night and worked five hours before getting the vault door open. It was then found that $23,000 in money and bonds was gone. Shortly after this the excited depositors started a run. Dela Green was arrested while in bed and was taken before United States Commissioner Bentley, who demanded bail in the sum of $20,000. During the night he will remain in the custody of the deputy marshal. Examiner Dengler said last evening that the affairs of the bank are in bad shape, and it looks as if the institution had been looted. A shortage of at least $40,000 has already been discovered, and the full amount, it is expected, will be much greater. The president is Capt. John M. Bowman, who also acted as cashier during the time that Dela Green was bank examiner. At midnight the investigation was still under way.

6. January 13, 1892 Grand Rapids Herald Grand Rapids, MI
Article from Grand Rapids Herald, January 13, 1892

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Article Text

A BANK CLOSED. All the Money Was Paid Out During the Run Preceding Suspension. WILLIAMSPORT, Pa, Jan. 12-The First national bank of Muncy was closed by order of Bank Examiner Dengler Monday. Previous to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out Dela Green, the cashier and ex-bank examiner of this district, was arrested Monday night, as startling disclosures were made. On openIng the vault is was found that $20,000 in cash and bonds were gone, and a total shortage of $49,000 has been discovered. Green was held in default of $20,000 bail.

7. January 14, 1892 Grant County Herald Lancaster, WI
Article from Grant County Herald, January 14, 1892

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Article Text

A BANK CLOSED. All the Money Was Paid Out During the Run Preceding Suspension. WILLIAMSPORT, Pa., Jan. 13.-The First national bank of Muncy was closed by order of Bank Examiner Dengler Monday. Previous to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner of this district, was arrested Monday night, as startling disclosures were made. On opening the vault it was found that $20,000 in cash and bonds were gone, and a total shortage of $40,000 has been discovered. Green was held in default of $20,000 bail.

8. January 16, 1892 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 16, 1892

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Article Text

A BANK CLOSED. All the Money Was Paid Out During the Run Preceding Suspension. WILLIAMSPORT, Pa., Jan. 12.-The First national bank of Muncy was closed by order of Bank Examiner Dengler Monday. Previous to the announcement of the suspension there was a run, during which between $7,000 and $8,000, all the money on hand, was paid out. Dela Green, the cashier and ex-bank examiner of this district, was arrested Monday night, as startling disclosures were made. On opening the vault it was found that $20,000 in cash and bonds were gone, and a total shortage of $40,000 has been discovered. Green was held in default of $20,000 bail.

9. February 11, 1892 Evening Journal Wilmington, DE
Article from Evening Journal, February 11, 1892

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Article Text

The Huncy Bank's Receiver. WILLIAMSPORT, Pa., Feb. 11.-Emerson Collins, Esq. of this city, has been appointed receiver of the First National bank of Muney.

10. February 18, 1892 Evening Star Washington, DC
Article from Evening Star, February 18, 1892

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Article Text

RECEIVER APPOINTED.-The controller of the currency has appointed Emerson Colline of Williamsport receiver of the First National Bank of Muncy, Pa. -

11. February 18, 1892 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, February 18, 1892

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Article Text

LATE TELEGRAPH. SENT SPECIAL TO THE LIGHT BY THE ASSOCIATED PRESS. And the Southern Afternoon Press Up to the Hour of Going to Press. Receiver Appointed. WASHINGTON, Feb. 18.-The comptroller of currency today appointed Mr. Emerson Collins, of Williamsport, receiver of the First National bank at Muncy, Pa.

12. February 19, 1892 The Evening Herald Shenandoah, PA
Article from The Evening Herald, February 19, 1892

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Article Text

Receiver Appointed. WASHINGTON, Feb. 19.-The Comptroller of the Currency has appointed Emerson Collins, of Williamsport, receiver of the First National Bank, of Muncey, Pa.

13. February 19, 1892 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, February 19, 1892

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Article Text

Receiver Appointed. WASHINGTON, Feb. 19.-The Comptroller of the Currency has appointed Emerson Collins, of Williamsport, receiver of the First National Bank, of Muncey, Pa.

14. February 19, 1892 Evening Journal Wilmington, DE
Article from Evening Journal, February 19, 1892

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Article Text

The Muney Bank Receiver. Washington, Feb. 19.-The comptroller of the currency appointed Emerson Collins, of Williamsport, receiver of the First National bank of Muncy, Pa.

15. February 19, 1892 The Waco Evening News Waco, TX
Article from The Waco Evening News, February 19, 1892

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Article Text

Appointed Bank Receiver. WASHINGTON, Feb. 19.-The comptroller of currency has appointed Emerson Collins of Williamsport receiver of the First National bank of Muncy, Pa.

16. February 27, 1892 The Carbon Advocate Lehighton, PA
Article from The Carbon Advocate, February 27, 1892

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Article Text

The Muncy Bank Receiver. W ASHINGTON, Feb. 19.-The comptroller of the currency appointed Emerson Collins, of Williamsport, receiver of the First National bank of Muncy, Pa. He Drank Laudanum. PATIENTION M.L. BL no -- --

17. January 7, 1893 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, January 7, 1893

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Article Text

GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crines-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan 85-Bank of Jefferson at Shepherdstown, W. Va Jan. 29-Fall River county bank at Oelricks, S. D.; $30,000 Butler county bank at Chicora, Pa.; $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191.000. Mar 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birmingham, Ala. Apr. 15--Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county: losses, $30,000. Sep. 2--Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Seu 21-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (pri-, vate); $80,000. Nov. 5-Continental bankat Kansas City, Mo. Nov 30-Stone City bank, of Joliet, 111., and Jollet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $400,000. Dec. .11-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000.