14866. First National Bank (Bradford, OH)

View Charter #9163 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9163
Charter Number
9163
Start Date
June 2, 1934
Location
Bradford, Ohio (40.132, -84.431)

Metadata

Model
gpt-5-mini
Short Digest
45f3bf16f8322ea5

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1934-05-01
Date receivership terminated
1936-09-22
Share of assets assessed as good
53.1%
Share of assets assessed as doubtful
35.5%
Share of assets assessed as worthless
11.3%

Description

Articles (June–Nov 1934) consistently describe the First National Bank of Bradford as closed with James E. Maher acting as receiver and engaged in liquidating assets and settling claims. No articles describe a depositor run or temporary suspension/reopening; instead the bank is in receivership and being liquidated, so this is a suspension leading to permanent closure/receivership.

Events (4)
1. June 5, 1908 Chartered
Source
historical_nic
2. May 1, 1934 Receivership
Source
historical_nic
3. June 2, 1934 Receivership
Newspaper Excerpt
Maher, receiver for the clos[ed] First National Bank of Bradford has been authorized by the Miami County common pleas court ... to sell certain listed securities in connection with the process of liquidating the assets of the institution, it was disclosed today in press dispatches.
Source
newspapers
4. June 2, 1934 Suspension
Cause
Government Action
Cause Details
Bank was closed and a receiver (James E. Maher) was appointed; court-authorized liquidation of assets.
Newspaper Excerpt
Maher, receiver for the closed First National bank of Bradford, has been authorized by the court of common pleas to sell certain listed securities in the process of liquidating the assets of the institution.
Source
newspapers

Newspaper Articles (5)
1. June 2, 1934 Troy Daily News Troy, OH
Article from Troy Daily News, June 2, 1934

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Article Text

BRADFORD BANK RECEIVER AUTHORIZED TO MAKE SALES Maher, receiver for the closed First National bank of Bradford, has been authorized by the court of common pleas to sell certain listed securities in the process of liquidatthe assets of the institution. The total value of the securities of

2. June 4, 1934 The Daily Advocate Greenville, OH
Article from The Daily Advocate, June 4, 1934

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Article Text

BANK SECURITY Bradford Bank Receiver's Application Approved by Common Pleas Court at Securities at $163,175. Maher, receiver for the closFirst National Bank of Bradford has been authorized by the Miami County common pleas court at Troy, Ohio, to sell certain listed securities in connection with the process of liquidating the assets of the institution, it was disclosed today in press dispatches. The total value of the securities to be disposed of is $163,175, petition filed in the common pleas court Troy revealed. Sale proceedings are expected be completed soon.

3. September 8, 1934 Troy Daily News Troy, OH
Article from Troy Daily News, September 8, 1934

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Article Text

BRADFORD BANK RECEIVER SEEKS TO SETTLE CLAIM James Maher, receiver the First National bank, Bradford, has filed. petition in common pleas court seeking authority to settle claim held against Forest and Alta Routson for money borrowed from the bank. It stated the claim now amounts to $4,541 and the receiver asks authority to settled for $3,300. Kerr attorney the receiver.

4. September 13, 1934 Miami Union Troy, OH
Article from Miami Union, September 13, 1934

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Article Text

BRADFORD BANK RECEIVER SEEKS TO SETTLE CLAIM James the First National Bradford has filed petition common pleas authority settle claim held against Fores: Alta Routson for money borrowed from the stated the claim amounts to $4.541 and the receiver authority settled for Kerr attorney for the receiver. JUDGMENT IS GRANTED judgment by default been granted common pleas court to Royal Shoup against Charles Priller The amount alleged due judgment when the defendant failed make defense the any

5. November 23, 1934 Troy Daily News Troy, OH
Article from Troy Daily News, November 23, 1934

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Article Text

James E. Maher, receiver for the First National bank Bradford. has been granted cognovit judgments in the common pleas court against E. B. and E. S. Coppock. The one is against both men and is for $6,521.04 er. Heavies, 230-280 lbs. Heavies, 200-230 lbs. Heavies, 280 lbs. up Mediums, 180-200 lbs Lights, 140-160 lbs. Lights, 100-140 lbs. Sows Stags Cattle Nov. 23, 1934 Dec. Wheat Corn 85% Oats