15329. First National Bank (Rock Creek, OH)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
7790
Charter Number
7790
Start Date
July 20, 1908
Location
Rock Creek, Ohio (41.660, -80.861)

Metadata

Model
gpt-5-mini
Short Digest
9a703be11b74b88b

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1908-07-20
Date receivership terminated
1910-02-01
OCC cause of failure
Excessive lending
Share of assets assessed as good
20.1%
Share of assets assessed as doubtful
75.5%
Share of assets assessed as worthless
4.3%

Description

Newspaper reports (July 1908) state the First National Bank of Rock Creek, Ohio was closed by order of the Comptroller of the Currency and a receiver appointed. No run or depositor panic is mentioned in the articles. Receiver named P. Tillinghast appears in one report. OCR in Article 3 garbled the capital amount as 000 but Article 2 gives $25,000. Closure date indicated as Monday, July 20, 1908 (matches contemporaneous reports in July 21โ€“24, 1908 papers).

Events (4)

1. June 15, 1905 Chartered
Source
historical_nic
2. July 20, 1908 Receivership
Source
historical_nic
3. July 20, 1908 Receivership
Newspaper Excerpt
The First National bank of Rock Creek, O., with a capital ... has been closed and P. Tillinghast has been appointed receiver.
Source
newspapers
4. July 20, 1908 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency; government action leading to suspension/closure.
Newspaper Excerpt
By order of the comptroller of the treasury the First National Bank of Rock Creek, O., with a capital of $25,000, was closed Monday and a receiver was appointed.
Source
newspapers

Newspaper Articles (3)

Article from Albuquerque Morning Journal, July 21, 1908

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Article Text

e in mitteemen Conterence at Commander With National Colorado Springs. BURSUM AND MARTIN OF SOCORRO IN AUTO SMASH New Mexicans Near Death When Car Turns Turtle Durthe ing Tour of Garden of Gods; Chauffeur Injured. Morning Journal Special Leased Wire.] 20. [By Colorado Springs. Colo., July leaders first session of republican of The with Chairman Frank Hitchcock, at national committee, opened nearly the today, and continued until members p.m. o'clock. During that time the 8 the national committee committees and of chairman of state central territories sixteen states and and explained from the assembly Mr. addressed Tonight Hitchcock state is conditions. talking the individually western states wetn the leaders from working out with for the greater purpose detail of plans for opening The still conducting the campaign. displayed by and enthusiasm was conferrence. greatest participants in the of some all the the late arrival was western leaders no forenoon. of Because the of together in the effort already made to those get men who had and Instead, secured automobiles Gods and assembled of the Garden of made. the tour Springs was H. BurManitou machine carrying New O. MexThe the chairman of the Martin. a resum. W. E. and ico leader of that Hitchcock's publican committee: Mr. territory. Weed. ORGANI will apT. L. stated on steep rock. and proaching clerks, the balanced brake, sulthe failure of the The through started downhill backward. passengers chauffeur denly commanded succeeded his in clearto jump, and they as it reached the ing brink the of a car deep just gulley. wrecked The car on turn= the ed turtle and was the Chauffeur, rocks below. Thomas, with underneath. Two cars He Thaddeus was not seriously following hurt. the wrecked were closely one Mr. Hitchcock was machine. In in the other was James D. C. riding. and Jr., of Washington. Hitchcock Williams, with Mr. pi:t who is associated action on the colThrough prompt of these machines a and of the drivers averted, but both cars caroccupants lision was were in danger of being ried over o'clock the brink. the representatives territories of At 2 seventeen states and meet here all the Mr. Hitchcock to of Ne invited by with the exception on with had arrived, was decided to go adconference. vada, and it Mr. Hitchcock exthe co- workers briefly together and dressed that his he brought them secure coplained their labors and that all of to broaden of effort. After about condioperation the men present talked They recited the of shortcomings tions in their states. in the management as years national campaigns in and past general disaffected their held states, to devise means been of remedying cussion was any defects that described had the felt. The as conferees a "gtocktaking" California, session. meeting representatives from Montana, The Idaho, Oregon, Colorado, North Dakota, and positive Nebraska, Dakota, Utah. Washington terms South Wyoming declared can in be carried for their but at the that Taft and Sherman, states the campaigns there same time insisted be carried that on with extended the greatest to should the enthuslasm and to the terriOklahoma vigor, and Texas Oklahoma, Natories. Speaking for Cade and State tional Committeeman urged that the fight be not is made in that state effort Chairman Hunter earnest ignored. They with said that if an could be run of there repthe democrats of a close race positiveness with some prospect impressed the success. The that state colleagues. should resentatives their that strong of and work it was Ceell agreed be A. tacitly Colonel commitdone in national n a who Oklahoma. is both chairman from Lyon, state state had . teeman complained and that his national Texas, by republican and been neglected in the past, campaign managers speakers sent there wanted strong will be taken r The be situation in Texas time. other re t up There at some is ranks a factional of Colorado fight in attention which the publican attracting much to in just now An effort has been the made controver t here. Mr. Hitchcock in as referee. H no e BY it clear today any capacity volve made by getting him to that act in he would be drawn into fights local leaders that the of and he told the their difficulties 80 o r should settle injure republican chances e the to not national campaign. g Ohio Bank Closed. e g Washington. July Rock 20.-The Creek, Ohio Firs capitalized National bank at $25,000, of was closed to


Article from Perrysburg Journal, July 24, 1908

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Article Text

Receiver Appointed for a Bank. Washington, D. C.-By order of the comptroller of the treasury the First National Bank of Rock Creek, O., with a capital of $25,000, was closed Monday and a receiver was appointed.


Article from Vernon County Censor, July 29, 1908

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Article Text

force after a shutdown of several weeks. The monetary commission created by the last session of congress to gather data on the financial situation held its first meaning at Narragansett Pier, R. I. By order of the comptroller of the treasury the First National bank of Rock Creek, O., with a capital or 000, has been closed and P. Tillinghast has been appointed receiver. The plant of Thomas A. Edison, at Orange, N. J., which employs 2,000 mer, has resumed operations on full time alter running on a reduced time schedule for many months. Because of the heavy crop of hay which must be harvested at once farmers at Outagamie county, are having trouble picking cherries, which are ripening ahead of time. and have in vited the public to help itself. In a special message explaining why he removed Governor-elect Joseph at. Brown from the state railway board, Gov. Hoke Smith of Georgia, says Brown furnished rafiroads with arguments and evidence to fight the 2 cent fare ruling. A new device to promote the safety of passengers and employes on railway trains will be tested in Ch'cago on July 25 by the interstate commerce commission. It is claimed for the device that it will automatically stop a train. Solomon Perris, attorney for the Interstate Transfer railroad company appeared before the railroad commis sion at Madison to ask for a certificate to authorize the road to begin at once the construction of a line from the steel mills near Duluth to Superior. The federal grand jury which has just completed an investigation of the government work on the leper island of Molokai, has discovered that all the employes are aliens, and that they pay 20 per cent of their wages to persons who procure them their situation Dirigible balloons will be carrying passengers and freight between New York and Boston within eighteen months, if the plans of the American Aerial Navigation company are carried out. The first experiments will be made with dirigibles with a capacity of two pessengers. President Gompers, Secretary Morrison, and John Mitchell of the executive council of the American Federation of Labor were cited to answer on Sept. 8 next a charge of contempt in violating a court injunction forbid ding them from continuing a boycott against the Bucks Stove and Range empany. The shop em ayes of the Canadian Pacific railway Winnepeg, gained a signal victory when the eoncil'ation board presented Its report. The nine hour day will continue to prevail in the west. and will soon be granted in the east. No reduction was made in the scale of wages, there will be no sliding scale and helpers will not be