17109. National Bank (Barnesville, OH)

View Charter #6621 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6621
Charter Number
6621
Start Date
November 1, 1924*
Location
Barnesville, Ohio (39.988, -81.176)

Metadata

Model
gpt-5-mini
Short Digest
73d69c03

Response Measures

None

Receivership Details

Depositor recovery rate
54.1%
Date receivership started
1923-11-14
Date receivership terminated
1929-10-31
OCC cause of failure
Fraud
Share of assets assessed as good
44.3%
Share of assets assessed as doubtful
5.2%
Share of assets assessed as worthless
50.5%

Description

The articles consistently describe the National Bank of Barnesville as defunct/insolvent following embezzlement by the cashier (O. P. Norris/Borris) and indicate the bank 'crashed' in about 1924 (Article 2 says it crashed four years before 1928). There is no explicit description of a depositor run in the provided excerpts; instead the failure is linked to large embezzlements/forged notes. Receiver actions (petitions, destruction of forged notes, final closing of affairs) are noted. OCR variations in the cashier's surname (Norris/Borris) were preserved in notes but do not affect classification.

Events (5)
1. February 11, 1903 Chartered
Source
historical_nic
2. November 14, 1923 Receivership
Source
historical_nic
3. November 1, 1924* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank collapsed due to large embezzlements/forged notes by the cashier (O. P. Norris/Borris) discovered around the time of his death; massive deficiency reported by receiver later.
Newspaper Excerpt
the bank which crashed four years ago, two days after the death of O. P. Borris cashier.
Source
newspapers
4. September 20, 1925 Receivership
Newspaper Excerpt
COLUMBUS. Sept. 20 - William T. Hastings, receiver of the insolvent national bank of Barnesville, O., had on file in federal court here today a petition to recover $626,675.46 deficit from the directors ... Hastings charged that embezzlements by the cashier, O. P. Norris, ... were effected over a long period of time. (The Coshocton Tribune, 1925-09-21). (Note: long quoted snippet demonstrates receiver filing and charges of embezzlement.)
Source
newspapers
5. July 17, 1928 Other
Newspaper Excerpt
Authority to burn all records the defunct National Bank of Barnesville, among which is half million dollars of forged notes, was asked today by Douglass, receiver ... the bank which crashed four years ago, two days after the death of O. P. Borris cashier. (Springfield News-Sun, 1928-07-17). (Note: receiver petition to burn forged notes.)
Source
newspapers

Newspaper Articles (3)
1. September 21, 1925 The Coshocton Tribune Coshocton, OH
Article from The Coshocton Tribune, September 21, 1925

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Article Text

Bank Receiver Asks Directors Be Made to Pay COLUMBUS. Sept. 20 -William T. Hastings. receiver of the insolvent national bank of Barnesville, O. had on file in federal court here today a petition to recover $626.675.46 deficit from the directors Hastings charged that embezzlements by the cashier. O. P. Norris. who it was claimed, committed suicide November 4. last. were effected over a long period of time. He said the defalcations would have been thwarted had the directors exercised "ordinary care and prudence. Named as defendants were' J.J Kirk. president. I. B. McKeever. vice president: W O Chappell, J W. Judkins. P. B. Worthington, J B Gufee and J W. Doudna, residents of Barnesville and BelmontVirginia Eiy and Lucretia Wood Ely. Belmont-co, administratrixes of Ernest Ely estate. D. H. Mot: and F. Wilson. Buffalo, executors of will of G. E. Hunt.

2. July 17, 1928 Springfield News-Sun Springfield, OH
Article from Springfield News-Sun, July 17, 1928

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Article Text

AUTHORITY ASKED TO BURN BANK'S RECORDS Receiver of Defunct Institution Lists $519,350.87 in Forged Notes He Would Destroy. Authority to burn all records the defunct National Bank of Barnesville, among which is half million dollars of forged notes, was asked today by Douglass, receiver, in petition before Judge W. W. Cowen Douglass is setting up the affairs of the bank which crashed four years ago, two days after the death of O. P. Borris cashier. The receiver declares that $519,350.87 in alleged forged notes are in his possession and that "the nature of the notes is confidential and they should be burned The loss at the bank was close to llowing the crash.

3. November 28, 1929 The Times Recorder Zanesville, OH
Article from The Times Recorder, November 28, 1929

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Article Text

AFFAIRS OF DEFUNCT BANK BARNESVILLE WILL BE CLOSED NEXT THIRTY DAYS Nov. Hastings, the defunct National Bank destroy papers bank 30 period the Treasury. The affairs the bank were practically closed by the recentThe total to stockholders approximately Total dividends were 54.1 percent or for each $100 deposited. Rabbit Supper The area Eagles and their families enjoyed rabbit supper at the Eagle home Tuesevening They consumed 88 rabbits. After the supper the balance spent in dancing Music was orchestra from the lodge for guests. Schools Get $5,600 The local school share of the final dividend from the the National Bank Barnesville was At the time the crash ago the local schools had $62,000 on deposit. Final Pep Meeting The high held the footlight pep meeting the the building Wednesday crowd is expected City field between Thursday afternoon to see game the locals and St. Clairsville the final game six of local Attend Meeting John Barnes, the deputy Bellaire aeries, and district chairman Old Age Pension committee district will lodge be held in Columbus Monday, Friday evening home street, Mrs. Brown entertain the members of her bridge Following dinner at o'clock balance evening will spent bridge. Three tables will be Tourist Club The members Tourist club at the home of Mrs. Johnson Walnut street, evening. The following the Friday gram: roll winter quotations; Iceland, geysers, Norse mythology, Mrs. M. Keeser. Family Dinner and Mrs. John Lynn will entertain family dinner. Guests will Lynn of Moundsville, Va.; Lynn Newark, and Mrs. James Lynn and son of Barnesville, Pearl Lynn Mrs. and family of Hendrysburg. Class Officers The officers were elect. at the dinner held the Nims residence Walnut Tuesday the Warner class the First Sunday secretary, Everett Palmer; George Hilles Judge Imhoff the counprobate court will speak to the class Sunday Meat Market Dallas Wilkins reopened the market Main street occupied by the Wilkins Athletic Association Next Tuesday evening officials the Eastern Ohio association meet. o'clock dinner served and Donald Hamill, the basketball rules. Principal Schafer Thomas the representatives the local school. Give to Needy The girl the local high Thursday about baskets of groceries and bundles clothing poor Barnesville The were donated the school pupils. there many the list this year there were the past School Attendance The average local school attendthe month of November, percent, to an the of schools. pupils record of being tardy Miss Lole Crawford had the honor to teach the only room perfect for the month. There enroll561 were girls, and 557 and 752 are the grades 366 in the Briefs Mrs. Sarah Adams Sarah are Thanksgiving with Allan Adams Va. Mary Patterson of West Main street, Monday for Beach. Calif., where will spend the winter