Article Text
National Bank Closed. CORRY, PA., Sept. 15.-The National Bank of this city is closed for examination by the Bank Examiners. It is supposed to be involved in the affairs of the Clarke Warner Oil Company, which assigned to the cashier.
16150. Corry National Bank (Corry, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 569
- Charter Number
- 569
- Start Date
- September 15, 1887
- Location
- Corry, Pennsylvania (41.920, -79.640)
Metadata
- Model
- gpt-5-mini
- Short Digest
d4967a2f1c78df52
Response Measures
None
Receivership Details
- Depositor recovery rate
- 80.5%
- Date receivership started
- 1891-11-21
- Date receivership terminated
- 1896-10-16
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 66.7%
- Share of assets assessed as doubtful
- 23.7%
- Share of assets assessed as worthless
- 9.6%
Description
Newspaper reports (Sept 15, 1887) state the National Bank of Corry was closed for examination by bank examiners and implicated in affairs of the Clarke Warner Oil Company (assigned to the cashier). No mention of depositor runs or reopening; because the articles report a closure by examiners and suggest serious involvement with an assigned company, I classify this as a suspension that likely led to closure. The record is limited (no explicit receiver appointment or reopening reported), so classification errs toward suspension_closure; reopening/receiver details not present in these clippings.
Events (3)
1.
November 12, 1864
Chartered
- Source
- historical_nic
2.
September 15, 1887
Suspension
- Cause
- Government Action
- Cause Details
- Closed for examination by bank examiners; implicated in Clarke Warner Oil Company affairs (assignment to cashier).
- Newspaper Excerpt
- The National Bank of this city is closed for examination by the Bank Examiners. It is supposed to be involved in the affairs of the Clarke Warner Oil Company, which assigned to the cashier.
- Source
- newspapers
3.
November 21, 1891
Receivership
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
National Bank Closed. CORRY, PA., Sept. 15.-The National Bank of this city is closed for examination by the Bank Examiners. It is supposed to be involved in the affairs of the Clarke Warner Oil Company, which assigned to the cashier.