First National Bank - Middleport, NY

Bank Information

Episode Type: Suspension → 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: 17ea6f42

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

Articles report the First National Bank of Middleport closed its doors on Dec 17, 1931 and was placed in liquidation under B. (Attis) Coppedge; by Aug 13, 1932 a first dividend (32%) to creditors was being paid. No run is described. Closure appears to be regulator/receiver action (comptroller involved). OCR errors in articles corrected (e.g., closed its dors -> closed its doors).

Events (4)

1. July 29, 1908 Chartered

Source: historical_nic

2. December 17, 1931 Suspension

Cause: Government Action
Cause Details: Bank closed and placed in liquidation under authority of the Comptroller; examiner/receiver (liquidation) in charge.
Newspaper Excerpt: The First bank closed its dors on Dec 17. 1931 Since that Mr Coppedge has been in charge of liquidation
Source: newspapers

3. December 30, 1931 Receivership

Source: historical_nic

4. August 13, 1932 Receivership

Newspaper Excerpt: The First National Bank will pay its first dividend of 32 per cent to creditors, B. Coppedge in charge of liquidation announced Saturday. The dividend check and schedules have been forwarded to the comptroller at Washington ... The First bank closed its doors on Dec 17, 1931. Since that time, Mr. Coppedge has been in charge of liquidation. (Aug 13, 1932 article excerpt.)
Source: newspapers

Newspaper Articles (3)

1. August 13, 1932 The Buffalo News Buffalo, NY

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.

2. August 13, 1932 The Buffalo News Buffalo, NY

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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

3. August 13, 1932 The Buffalo News Buffalo, NY

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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