Article Text
HOOD IS NAMED BANK RECEIVER Woodsfield, Jan. Willard Hood of Cambridge has appointed receiver the First National bank Woodsfield CLASSIFIED greatest
15425. First National Bank (Woodsfield, OH)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 5414
- Charter Number
- 5414
- Start Date
- January 1, 1934*
- Location
- Woodsfield, Ohio (39.763, -81.115)
Metadata
- Model
- gpt-5-mini
- Short Digest
1a8f687c535602e3
Response Measures
None
Receivership Details
- Depositor recovery rate
- 95.9%
- Date receivership started
- 1934-01-02
- Date receivership terminated
- 1940-01-27
- Share of assets assessed as good
- 53.4%
- Share of assets assessed as doubtful
- 43.2%
- Share of assets assessed as worthless
- 3.4%
Description
Article (Jan 1934) reports Willard Hood appointed receiver for the First National Bank, Woodsfield. No article describes a deposit run or reopening; a receivership indicates permanent closure. A later (1939) article references litigation involving the bank's receiver. Dates corrected from newspaper publication dates when explicit day not given.
Events (4)
1.
June 9, 1900
Chartered
- Source
- historical_nic
2.
January 1, 1934*
Receivership
- Newspaper Excerpt
- Willard Hood of Cambridge has appointed receiver the First National bank Woodsfield
- Source
- newspapers
3.
January 2, 1934
Receivership
- Source
- historical_nic
4.
February 23, 1939
Other
- Newspaper Excerpt
- The court of appeals has sustained Judge Carlos M. Riecker in the case of Harry Briggs, receiver of the First National bank, of Woodsfield.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
# JUDGE RIECKER SUSTAINED # BY HIGHER COURT The court of appeals has sustained Judge Carlos M. Riecker in the case of Harry Briggs, receiver of the First National bank, of Woodsfield vs. L. E. Motz of Woodsfield. Action was brought on a promissory note for about $2,500 against defendant. The firm of Motz & Motz had a claim of $2,200 against the bank, which they claimed as a set off against the note. During the trial Judge Riecker ordered the jury to bring in a direct verdict in favor of the bank, holding the claim of defendant against the bank was not a legal one and should not be allowed. The case heard in Woodsfield, was hotly contested, and after Judge Riecker's decision was later carried to the court of appeals, which sustained Judge Riecker's finding.