15301. First National Bank (Oberlin, OH)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
72
Charter Number
2718
Start Date
June 14, 1882
Location
Oberlin, Ohio (41.294, -82.217)

Metadata

Model
gpt-5-mini
Short Digest
e723ca23c2350516

Response Measures

None

Receivership Details

Depositor recovery rate
67.0%
Date receivership started
1904-11-28
Date receivership terminated
1913-06-30
OCC cause of failure
Excessive lending
Share of assets assessed as good
44.7%
Share of assets assessed as doubtful
7.1%
Share of assets assessed as worthless
48.2%

Description

Articles show the First National Bank of Oberlin 'has closed its business' and been replaced by a 'Citizens' National Bank' (1882). Later articles (1894) report a burglary at the First National Bank, and a 1897 brief lists the 'First National of Oberlin, O.' among banks for which receivers have been appointed. There is no mention of a depositor run. The sequence indicates a suspension/closure episode (closure and eventual receivership). OCR texts may be imperfect; dates taken from publication dates or article datelines.

Events (6)

1. August 29, 1863 Chartered
Source
historical_nic
2. June 2, 1882 Chartered
Source
historical_nic
3. June 14, 1882 Suspension
Cause
Voluntary Liquidation
Cause Details
Article states the First National 'has closed its business' and a Citizens' National Bank 'takes its place', suggesting a voluntary closure/reorganization rather than a depositor panic or regulatory seizure.
Newspaper Excerpt
The First National Bank of Oberlin, has closed its business An organization called the Citizens' National Bank takes its place.
Source
newspapers
4. November 1, 1894* Other
Newspaper Excerpt
Robbers broke into the First National Bank at Oberlin, Ohio, and got away with about $400 in silver... the safe, which contained $25,000, was not touched.
Source
newspapers
5. February 26, 1897 Receivership
Newspaper Excerpt
Receivers have been appointed for the following banks: First National of Olympia, Wash., First National of Oberlin, O., and First National of Griswold, Ia.
Source
newspapers
6. November 28, 1904 Receivership
Source
historical_nic

Newspaper Articles (3)

Article from The Wellington Enterprise, June 14, 1882

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Article Text

Local and Miscellaneous Oberlin talks of having water works. Dr. W. B. Davidson has re-painted his house in fine style. Mr E. Wells has a fine step-stone in front of his house. The Greenwich Fair is now in progress and lasts till Friday The Universalists held a convention at Bryan, o., last week Hon. James Monroe has gone to Ne braska.on a short lecturing tour. Miss Anna Adams was out riding last Thursday for the first time this Spring. Mrs. M. Zollenger, of Sandusky, is visiting at her father's Mr. F. Stuchfield's. A new time card went to effect June 1st for the Wheeling and Lake Erie Rail road. Mr and Mrs. John Jacoby, of Polk made Mr. J.H. Wooley a short visit last week. Claims for sheep killed and injured by dogs, made by R. N. Goodwin, Notary Public. Warren D. Roberts, formerly an in. fluential resident of Norwalk, died in Cal. ifornia on 3d inst. The Medina Public Schools close on June 16th, Superintendant Parker, of Elyria, addresses the class. Mr. Wm. Cushion, sr. had a very serious attack of bilious colic last week, but is now able to be around. Mr Harry Stuchfield and wife, of Denver. Colorado, are expected this week for a short visit among friends. Elyria and Oberlin now converse with each other by means of a telephone. Why can't we enjoy such privileges. FOR SALE A large, nearly new house and two lots on Courtland Avenue, apply 2P to O. T. Parrish, on the premises. Mr and Mrs. Greenwauld and family of Chatham, are in town intending in a few days to go to Reed City Michigan Prof. H. J Clark, Supt. of the Oberlin Schools, has resigned his position,much to the regret of the people of Oberlin. Col. S. M. Barber, of Huron Co., is very strongly endorsed by the Norwalk papers as Republican candidate for Congress. The graduating execises of Oberlin College commence.on June 22d and last till June 28th including the various departments. The a reunion in East Union on June 1st Itewa and pleasant time reported. to The Republican County Convention meets in Elyria next Saturday Caucuses are held in the townships next Thursday evening From reports in other papers we learn that Decoration Day was more generally observed than in any former year all over the land. The First National Bank of Oberlin, has closed its business An organization called the Citizens' National Bank takes its place. Mansfield having failed to raise the necessary amount to secure the Wittenburg College, that institution will remain at Springfield. The account of Decoration services in Sullivan was mislaid and not found till It Friday after the paper was published: appears this week The W. & L. E. commenced running a Sunday train between Norwalk and Huron last week We expect one will be put on the whole road soon. Rev. R. W. Logan and wife, who have been Missionaries to the Micronesian Islands, havereturnedand are now at their home in York, Medina County. Miss Ella McConnaughey, former teach er of the B Grammar school, is in town this week for a visit and to attend the closing exercises of our schools. Gov. Foster is expected to lay the corner stone of the Gymnasium of the Wooster University during the commencement season. About $2,000 have been raised. D.L. Wadsworth, of Wellington, is announced as the Democ candidate for Congress by the Elyria Constitution. Perhaps Wellington will have the honor of furnishing candidates for both parties. The report that the people of New Lon don are to sue the W.&L. E.R. R. for the funds that were contributed for the old abandoned line is a mistake. The subscription is in such condition that it can not be done. Mr. Eugene Pollock has come to Wellington for the purpose of teaching a class penmanship. Heis a beautiful writer and will furnish the young an opportunity to improve their writing that they will do well to avail themselves of. The first commencement of the New London Public Schools occurred on last Friday evening It was a grand success, and the New London people feel justly proud it. The class consisted of Miss Etta Packard and Miss Leona Perkins TheWellington Cor. of the Oberlin News was in error about Dr. Jones, of Cleveland conducting the post mortem of Mrs. Dr. Hathaway Dr McLaran, of Wellington, conducted the examination. Dr. Jones being present with the physicians of Wellington. A general strike has occurred among the iron and steel workers in and about Pitts burg which will affect about 100,000 men It is caused by the refusal of manufacture ers to sign a new and advanced scale of wages The reason is that the price of 3 iron is going down. The people of Berea are trying to have their council pass an ordinance that will n give them all the advantages of the law passed by the Legislature for college towns, restricting the sale of liquor, but It the council are in favor of free whisky t looks bad for the moral tone of Berea. I M. Krieger has purchased the interest of R.W. Emerson, in the firm of Emerson Krieger Troy, and will be glad to have the old friends and customers of the late firm call and see him Mr. Krieger is wide awake and energetic, and will make things d lively in his business. Ashland Times. Messrs. Mart. Webster and Chas. White y head have purchased the necessary machi nery and gone into house-moving business, and, last week, they moved Mr. McCoy' house from South Main to Prospect Street. They say they have gone into the business with the intention to "move") buildings and we believe they are the boys to do The Premium List of the Wellington Agricultural inted at this office


Article from Marshall County Independent, November 16, 1894

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Article Text

WESTERN. GOVERNOR WAITE, of Colorado, threatens to move to Illinois and run for Governor. A COMMISSION has been organized in Nebraska to outline a plan of relief for drouth suferers. ERNEST HUHN, Superintendent of the Eagle Bird mine at Mayhert, Cal., fell 600 feet down the shaft and was instantly killed. THE Choctaw, Oklahoma and Gulf Railway Company will build 122 miles of railway from South McAlister to Oklahoma City at a cest of $1,200,000. TRAIN robbers stopped a Chicago, Burlington and Quincy train near Hyannis, Neb., but abandoned any attempt to rob it. It is believed their nerve failed at the last moment. Ex-Cashier JOHN B. KOETTING, of the failed South Side Savings Bank, of Milwaukee, has been held without bail for trial for receiving deposits after he knew the institution was insolvent. A BILL has passed both houses of the Cherokee Legislature making it treason for a Cherokee citizen to sell real estate of this nation to a noncitizen, making as a penalty for SO do. ing death by hanging. THE Rt. Rev. Abbot Bernard, Abbot of St. John's Abbey, Stearns County, died at Stillwater, Minn., after a lingering attack of Bright's disea e. Abbot Bernard was born in Austria fortysix y ars ago and came to this country early in the '60s BURLINGTON passenger train No. 41 was held up about one mile east of Hyannis, Neb., at 5 o'clock Wednesday morning by two men who boarded the train at hitman, covered the engineer with Winchesters, and told him to stop the train when ordered. When the train was stopped the men got off and ran, taking nothing with them. It is supposed the bandits lost their nerve at the last moment. THE survey of the Ohio canal to ascertain its practicability as a ship canal will begin in Akron, Ohio, by the corps of Government engineers appointed for the purpose. This will be the first of the routes to be surveyed, the other being the Erie Canal, a route from Erie, Pa., to Pittsburg. The engineers will work north to Cleveland. The canal is to be 70 feet wide and 7 feet deep. ROBBERS broke into the First National Bank at Oberlin, Ohio, and got away with about $400 in silver. The front doors were opened by the use of crowbars, and the locks of the vault were blown off with dynamite. The thieves then stole two rigs to make their escape sure. One of the rigs was found at Elyria. There is no trace of the robbers. The vaults were opened, but the safe, which contained $25,000, was not touched. AT Huntington, Ind, three men were killed and many others injured by the explosion of a box of dynamite. The men were employes of Keefer & Hall, contractors for the con truction of the big Flint creek sewer. The explosion happened as the men were warming the explosive. The dead are: Jack Flynn, John Hartman and Martin Keifer. So powerful was the concussion, fifty pounds of dynamite having been in the bos, that the damage to houses in the neighborhood will amount to several thousands of dollars. RUFUS N. RAMSAY, Treasurer of Illinois, died at his residence in North Carlyle at 5:15 Sunday morning. Never did a man look as healthy as Mr. Ram-


Article from The Columbia Herald, February 26, 1897

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Article Text

GENERAL NEWS. The Auburn Wagon Works, of Parkersburg, W. Va., have been put into hands of a receiver. Liabilities, $120,000; assets, $65,000. Receivers have been appointed for the following banks: First National of Olympia, Wash., First National of Oberlin, O., and First National of Griswold, Ia. Charles Dana Gibson, in illustrating a short story that narrates the romance of Princess, for the March Ladies' Home Journal, has created what he regards as his typical English girl. She is said to be as distinctive and striking as his famous American girl, and while essentially different she is quite as interesting. The drawing will illustrate Robert C. V. Meyers' story, "The Morning After the Servia Got In." The charter of the Tennessee Jersey Cattle Club was filed in the County Register's office in Nashville last Tuesday, with M. M. Gardner, A.F. Brown, H. A. Huntington, S.N.Warren,T.S.Lipscomb,J. P. Montague and J. E. Hart as incoporators.