13526. First National Bank (Middleport, NY)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
9206
Charter Number
9206
Start Date
December 17, 1931
Location
Middleport, New York (43.212, -78.476)

Metadata

Model
gpt-5-mini
Short Digest
fa38c8b6466b0499

Response Measures

None

Receivership Details

Depositor recovery rate
63.2%
Date receivership started
1931-12-30
Date receivership terminated
1936-11-16
Share of assets assessed as good
33.3%
Share of assets assessed as doubtful
60.4%
Share of assets assessed as worthless
6.4%

Description

OCR'd articles report the First National Bank of Middleport closed its doors on Dec. 17, 1931 and was placed in receivership (Otis/Olis B. Coppedge named in charge of liquidation). By August 1932 the receiver was paying a first dividend (~32%) to creditors. No article describes a depositor run preceding the closure; closure appears to be a suspension followed by receivership/permanent closing. Minor OCR errors corrected (e.g., 'Attis'/'Otis', 'dors'->'doors').

Events (5)

1. July 29, 1908 Chartered
Source
historical_nic
2. December 17, 1931 Receivership
Newspaper Excerpt
Since that time, Mr. Coppedge has been in charge of liquidation. / B. Coppedge in charge of liquidation Saturday The check and schedules have been forwarded the comptroller of currency at Washington ... The First bank closed its dors on Dec 17. 1931 Since that Mr Coppedge has been in charge of liquidation LOCKPORT Nov verdict ... Otis B. Coppedge, receiver of the National Bank of Middieport, ... reported by jury here (1933 article). }
Source
newspapers
3. December 17, 1931 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in liquidation/receivership (receiver appointed; liquidation announced).
Newspaper Excerpt
The First bank closed its dors on Dec 17. 1931
Source
newspapers
4. December 30, 1931 Receivership
Source
historical_nic
5. August 13, 1932 Other
Newspaper Excerpt
The First National Bank will pay its first dividend of 32 per to creditors, Attis B. Coppedge in charge of liquidation announced Saturday The dividend check and schedules been forwarded to the comptroller at Washington and the check be ready for as soon they are ... (Aug. 13, 1932).
Source
newspapers

Newspaper Articles (7)

Article from The Buffalo News, August 13, 1932

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Article Text

MIDDLEPORT BANK SOON TO FIRST DIVIDEND Special MIDDLEPORT Aug. 13.-The First National Bank will pay its first dividend of 32 per to creditors, Attis B. Coppedge in charge of liquidation announced Saturday The dividend check and schedules been forwarded to the comptroller at Washington and the check be ready for as soon they are and to the Depositors will be when the check The First bank closed its dors on Since that time, Mr. Coppedge has been in charge of liquidation.


Article from The Buffalo News, August 13, 1932

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Article Text

MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND the MIDDLEPORT Aug. First National Bank will pay its first dividend 32 per cent to creditors, B. Coppedge in charge of liquidation Saturday The check and schedules have forwarded the comptroller of at Washington and the check will be for delivery as they are and to the will be notified when the arrives. The First bank closed its dors on Dec 17. 1931 Since that Mr Coppedge has been in charge of liquidation


Article from The Buffalo News, August 13, 1932

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Article Text

NEW YORK Aug. 13 mill operations the district in the week will start at 14 per of capacity. an advance of per it estimated in the steel trade. MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND Special to the EVENING MIDDLEPORT Aug. First National will pay its first of 32 per cent. creditors, Coppedge in charge liquidation Saturday The dividend check and schedules have been forwarded the comptroller of currency at and the check will ready for delivery as soon they are signed and returned to the will be notified when the The bank its on Dec 1931 Since that time, Mr Coppedge has been in charge liquidation


Article from The Buffalo News, August 15, 1932

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Article Text

DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING LOCKPORT Aug. 15.-Approximately first dividend checks for two small banks this section receivership now were in sight Monday when authorities prepared out $38,000 representing 30 per depositors Gasport National bank first per for depositors the Middleport National bank Receiver both banks, B Coppedge, issued that statement Monsigned the comptroller's at bank and


Article from The Buffalo News, August 15, 1932

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Article Text

DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING NEWS. LOCKPORT Aug 15.-Approximately $150,000 in first dividend checks for two small banks of sight resenting 30 per money due depositors the Gasport bank. and representing first dividend 32 per for of the Middleport National bank Receiver for banks B that statement Monsigned the at Albank and mailed to depositors


Article from The Buffalo News, August 15, 1932

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Article Text

DIVIDENDS IN SIGHT Checks Totaling $150,000 for 2 Small Banks Ready. Special to the BUFFALO EVENING NEWS. LOCKPORT, Aug. 15.-Approximately $150,000 in first dividend checks for two banks of this section, now receivership. were in sight Monday when money depositors Gasport bank. and dividend per cent. for depositors the Middleport National Receiver both banks. Otis B. Coppedge, issued Monare signed bank and mailed depositors.


Article from The Buffalo News, November 27, 1933

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Article Text

BANK RECEIVER WINS VERDICT IN NOTE SUIT LOCKPORT Nov verdict of $2500 favor Otis B. Coppedge, receiver of the National Bank of Middieport, and against Cornelius J. Mack, Gasport, on promissory note given by latter to the before was reported by jury in here Edward Sweeney, Gasport, named with Mack contested the suit and won no of action verdict from the