First National Bank (Cardington, OH)

View Charter #127 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
October 29, 1931
Location
Cardington, Ohio (40.501, -82.894)
Bank Type
national
Charter Number
127

Metadata

Episode ID
Bank ID
City ID
391056765
Model
gemini-3-flash-preview
Short Digest

Receivership Details

Depositor recovery rate
92.2%
Date receivership started
1931-10-29
Date receivership terminated
1937-11-24
OCC cause of failure
Economic conditions
Share of assets assessed as good
38.2%
Share of assets assessed as doubtful
52.5%
Share of assets assessed as worthless
9.2%

Notes

The articles discuss receivership proceedings and the appointment of receivers; the suspension date is inferred from the known receivership date.

Events (4)
1. November 13, 1863 Chartered
Source
historical_nic
2. October 29, 1931 Suspension
Cause Details
Bank entered receivership on this date according to official records.
Source
newspapers
3. October 29, 1931 Receivership
Newspaper Excerpt
David P Anderson. receiver of the First National bank of Cardington. has filed application in common pleas court
Source
newspapers
4. October 29, 1931 Receivership
Source
historical_nic

Newspaper Articles (2)
1. June 20, 1932 News Journal Mansfield, OH

Article Text

BANK RECEIVER SUES

Cardington Official Applies for Right to Assign Bond.

MT GILEAD, June David P Anderson. receiver of the First National bank of Cardington. has filed application in common pleas court for the right to assign a government bond in the matter of Mrs. Delight Schaaf. Raymond Dailey has filed suit for partition of 70 acres of land in South Bloomfield township naming Russell Dailey, Ethel Dailey, Bessie Brubaker, Charles Brubaker. George Dupee, Paul Dupee. Ruby Dailey and Daisey Dailey as defendants and heirs of the late Charles W. Dailey. The Southard Production Co. of Dayton has filed foreclosure action against John F. Bumpus as administrator of the estate of H. T. Winterbotham. The suit is based on note for $800 secured by 2 mortgage on 40 acres of land in Canaan township. Roger K. Powell. Dayton attorney and former Mt. Gilead resident. represents the Dayton company.

2. July 6, 1934 The Times Recorder Zanesville, OH

Article Text

Life Sentence for Slayer Of Gentry

JEFFERSON, Wis., July 5—(AP)—Carl Church, 36, itinerant laborer, was sentenced in circuit court late today to life imprisonment in the state penitentiary for the slaying of Earl Gentry, 47, former bodyguard of D. C. Stephenson, one-time grand dragon of the Ku Klux Klan in Indiana.

NAMED BANK RECEIVER

GALION, O., July 5—(AP)—Succeeding David P. Anderson of Columbus, resigned, W. V. Goshorn, a local publisher, today was appointed receiver for the First National bank at Cardington and the First National bank at Richwood.