First National Bank - Mingo-Junction, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 5694
Charter Number: 5694
Start Date: November 9, 1907
Location: Mingo-Junction, Ohio (40.322, -80.610)

Metadata

Model: gpt-5-mini
Short Digest: 7bf546d7d0f10eb6

Response Measures

None

Receivership Details

Depositor recovery rate: 96.3%
Date receivership started: 1934-06-21
Date receivership terminated: 1940-07-31
Share of assets assessed as good: 37.5%
Share of assets assessed as doubtful: 58.9%
Share of assets assessed as worthless: 3.6%

Description

Article (The Fulton County News, 1908-01-09) reports First National Bank of Mingo Junction, OH closed its doors November 9, 1907 (during the Panic of 1907) and was authorized to reopen by the date of the article (Jan 9, 1908). No run on the bank is described; closure appears related to wider panic/financial conditions.

Events (4)

1. January 26, 1901 Chartered

Source: historical_nic

2. November 9, 1907 Suspension

Cause: Macro News
Cause Details: Closed November 9, 1907 in the context of panicky financial conditions (Panic of 1907); closure tied to broader financial panic rather than bank-specific failure or government receivership.
Newspaper Excerpt: The First National Bank of Mingo Junction, O., which closed its doors November 9 last, was authorized to reopen for business.
Source: newspapers

3. January 9, 1908 Reopening

Newspaper Excerpt: The First National Bank of Mingo Junction, O., which closed its doors November 9 last, was authorized to reopen for business.
Source: newspapers

4. June 21, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 9, 1908 The Fulton County News McConnellsburg, PA

Article from The Fulton County News, January 9, 1908

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Article Text

WASHINGTON In a report to the President, Attorney General Bonaparte makes a vigorous reply to the strictures of President Ripley, of the Santa Fe, who questioned the motives of the prosecution of his railroad. It has been decided to retain at Thunder Buttee Station, S. D., troop of cavalry which has been operating to maintain peace among the disturbing Utes. A report on the situation at Goldfield, Nev., was made to President Roosevelt by the members of the special commission which he sent there. Secretary of the Navy Metcalf has signed the order assigning Surgeon Stokes to the command of the hospital ship Relief. President Roosevelt accepted an invitation to attend the dinner to be given by the Gridiron Club, January 25. Secrearies Root and Metcalf had a conference with the President concerning the Japanese exclusion question. The President has asked for the resignation of Ernest G. Eagleson, surveyor general at Boise, Idaho. The President and Mrs. Roosevelt entertained at dinner several debutantes of the winter and college friends of Kermit Roosevelt. Second Lieutenant Thompson, of the Marine Corps, has been permitted resign for the good of the service. A movement is on foot looking to closer relations between the National Guard and regular Army in coast defense. The appropriation bills will be delayed owing to the death of the father of Representative Tawney. It was announced at the White House that Capt. J. E. Pillsbury would be appointed chief of the Bureau of Navigation, vice Rear Admiral Brownson, resigned. The armored cruiser North Carolina has sailed for her speed trials on the New England course. Despite panicky financial conditions, there was a increase of 375,000 tons in shipments on the Great Lakes in November, 1907, over November, 1906. The First National Bank of Mingo Junction, O., which closed its doors November 9 last, was authorized to reopen for business. Senor Don Luis Felipe Carbo has returned to Washington in the capacity of minister from Ecuador. Committees of both houses of Congress are working on_a financial bill.