First National Bank - Elmira, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 119
Charter Number: 119
Start Date: July 31, 1894
Location: Elmira, New York (42.090, -76.808)

Metadata

Model: gpt-5-mini
Short Digest: d8a209e2

Response Measures

None

Description

Articles describe embezzlement by the cashier (shortage ~$70,000) and reference an appointed receiver for the First National Bank of Elmira. No explicit contemporaneous description of a depositor run was found; the bank was placed in receivership (i.e., effectively closed). Receiver activity persists in later coverage (receiver mentioned in 1896), indicating permanent closure under receivership rather than a temporary suspension and reopening.

Events (4)

1. November 14, 1863 Chartered

Source: historical_nic

2. February 24, 1883 Voluntary Liquidation

Source: historical_nic

3. July 31, 1894 Receivership

Newspaper Excerpt: Officer White... arrested John W. Love, the defaulting cashier of the First National bank... he at once had a conference with Receiver John W. Warner, of the bank... He is charged with embezzling money belonging to the bank, obtained by issuing certificates of deposit. His shortage is now fixed at $70,000.
Source: newspapers

4. April 14, 1896 Other

Newspaper Excerpt: Charles Davis... receiver of the Elmira National Bank, died suddenly... He was made receiver of the First National Bank in Elmira after the financial crash there...
Source: newspapers

Newspaper Articles (2)

1. July 31, 1894 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, July 31, 1894

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Article Text

Hunting .... Embezzier. ATKINS, N. Y., July 31.-Officer White, who arrested John W. Love, the defaulting cashier of the First National bank, states that he received definite word on June 20, that Love was in Chicago, having arrived there on June 15 from Memphis, Tenn., and he at once had a conference with Receiver John W. Warner, of the bank, and District Attorney E. O. Berlin. Mr. White leit here on July 22 for Chicago, arriving there, he 10cated his man and telegraphed home. Love has been turned over to the U. S. authorities by District Attorney Beolin. He is charged with embezzing money belonging to the bank, obtained by issuing certificates of deposit. Ball W&B fixed at $25,000 and the prisoner committed to the charge of the county jail at Eimira, where he will be taken unless ball is given. He will be taken before the grand jury at Buffalo on September 17 and 11 indicted there will probably be tried at Auburn in November. His shortage is now fixed at $70,000.

2. April 15, 1896 New-York Tribune New York, NY

Article from New-York Tribune, April 15, 1896

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Article Text

CHARLES DAVIS. Binghamton, N. Y., April 14 (Special).-Charles Davis, of this city, receiver of the Elmira National Bank, died suddenly from apoplexy in the office of the United States Marshal, in the Robinson Building in Elmira, at 3 o'clock this afternoon. He was telling a funny story, when his head suddenly fell to his breast. He was dead before a physician arrived. Mr. Davis was born in Lisle, Broome County, and came to this city when young. He has since lived here. He was the Democratic leader of the Cleveland faction in Southern New-York. His public career began with an appointment in the public offices in Albany, In March, 1878, Mr. Davis was appointed warden of Sing Sing Prison, and was later deputy port warden in New-York. He was made receiver of the First National Bank in Elmira after the financial crash there, and the suits in which he became involved brought him prominently before the public. Mr. Davis was about sixty years old and his death leaves the Cleveland Democracy in the Southern Tier without a man capable of leading them.