Multiple contemporaneous newspaper notices (April 1874) report the First National Bank of Brookville has quit business and surrendered its charter and asked note holders to send in notes to be replaced. Articles state this was not due to the recent panic, implying a voluntary surrender of the charter rather than a run or regulatory closure.
Events (3)
1.March 16, 1865Chartered
Source
historical_nic
2.March 20, 1874Voluntary Liquidation
Source
historical_nic
3.April 8, 1874Suspension
Cause
Voluntary Liquidation
Cause Details
Bank surrendered its charter and quit business; note holders asked to send in notes for replacement; articles state it was not compelled by the recent panic.
Newspaper Excerpt
The First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency.
Source
newspapers
Newspaper Articles (3)
1.April 8, 1874Clearfield RepublicanClearfield, PA
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Article Text
SURRENDERED.-We learn by the Jeffersonian that the First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say ; but of one thing we are certain, it was not compelled to adopt this course by the late panie. This bank has always been a safe institution, and at no time was there any danger of its having to close.
2.April 15, 1874The Forest RepublicanTionesta, PA
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Article Text
-The First National bank of Brook. ville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say ; but of one thing we are certain, it was not compelled to adopt this course by the late panic. This bank has always been a safe institution, and at no time was their any danger of its having to close.-Jeffersonian.
3.April 16, 1874The Elk County AdvocateRidgway, PA
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Article Text
BANK CHARTER SURRENDERED The First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say; but of one thing we are certain, it was not compelled to adopt this course by the late panic.
