National Exchange Bank

Bank Information

Episode Type: Suspension → Run → Reopening
Bank Type: national
Bank ID: 907
Charter Number: 907
Start Date: April 23, 1878
Location: Tiffin, Ohio (41.114, -83.178)

Metadata

Model: gpt-5-mini
Short Digest: 0468763e64f98fe9

Response Measures

Full suspension

Description

Article (Apr 23, 1878) reports the cashier absconded with $46,000; the bank at once suspended business and a large crowd surrounded the building (depositor agitation). Cause is bank-specific (embezzlement). No information on ultimate closure or reopening; suspension appears immediate and likely temporary pending investigation, so I classify as suspension with depositor agitation and likely eventual reopening. Article text uses Exchange National Bank; bank listed here as National Exchange Bank per prompt — treated as same institution.

Events (4)

1. March 17, 1865 Chartered

Source: historical_nic

2. April 23, 1878 Other

Newspaper Excerpt: The excitement is immense, and a large crowd has surrounded the bank building.
Source: newspapers

3. April 23, 1878 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier O. Zemer absconded with $46,000 from the bank, prompting immediate suspension of business.
Newspaper Excerpt: The bank at once.suspended business, but as yet has not declared itself insolvent.
Source: newspapers

4. March 1, 1885 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. April 23, 1878 The Cincinnati Daily Star Cincinnati, OH

Article from The Cincinnati Daily Star, April 23, 1878

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Article Text

A DEFAULTING CASHIER Skips Out With $46,000 Special to the Star. TIFFIN, O., April 23.-0. Zemer, the cashier of the Exchange National Bank, of this city, is missing since yesterday morning, and with him $46,000 in money belonging to the above institution. As he did not appear at his post in the evening, and as he has been living in an extravagant manner lately, suspicion was aroused that everything was not correct. An investigation was made, lasting all night, when it was found that $46,000 were missing. The bank at once.suspended business, but as yet has not declared itself insolvent. The excitement is immense, and a large crowd has surrounded the bank building. It is said that Zemer has gone to Cincinnati. A reward has been offered for his arrest.