17110. First National Bank (Beallsville, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7025
Charter Number
7025
Start Date
September 30, 1933
Location
Beallsville, Ohio (39.848, -81.037)

Metadata

Model
gpt-5-mini
Short Digest
6a827b1d

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-09-26
Date receivership terminated
1935-08-22
Share of assets assessed as good
37.0%
Share of assets assessed as doubtful
62.7%
Share of assets assessed as worthless
0.3%

Description

Newspaper text (OCR) corrected for readability. Articles report the First National Bank of Beallsville placed in hands of a receiver and to be liquidated; no mention of a depositor run or heavy withdrawals. Cause of suspension appears to be government/banking authority action (receiver appointed).

Events (4)

1. October 29, 1903 Chartered
Source
historical_nic
2. September 26, 1933 Receivership
Source
historical_nic
3. September 30, 1933 Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a receiver/conservator by banking authorities; operations restricted.
Newspaper Excerpt
First National ... Beallsville has been placed of hands of relieving who has the Cashier Harry operating the bank as conserv on restricted basis since the holiday. has been by Secrest Berry receiver and has arrived to on his duties.
Source
newspapers
4. October 12, 1933 Receivership
Newspaper Excerpt
Secrest Berry ... has been named as receiver for the First National bank at Beallsville, Monroe county ... The bank is to be liquidated.-Noble County Leader.
Source
newspapers

Newspaper Articles (2)

Article from The Zanesville Signal, September 30, 1933

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Article Text

Plan Rally Day At Woodsfield Churc Woodsfield, O., Sept. 30.-Rally will be observed at Woodsfield M. Sunday school on Sunday, Oct. Classes will assemble the us, hour of and at 45 will adjor to the auditorium where suita program will be rendered. Repres tatives of the different classes participate. will deliver Rev. Mr. Chalfant skbjed principal address on That Abide. An "Things and extended to all is various classes members of the well as those tend this service as Sunday school wish to begin and the general at this hearty welcomy lic will be given Chamber of Commerce chamber of Woodsfield the regular monthly will hold room the ing in the court house on Monday county court ning, Oct. 2 who can attend will all members matters of in W. present, as several be presented for est will tion. Eastern Star Meeting 268, regular meeting on hold its Miss Lucetta Oct. chairman of the will be the and good attendanche committee Mame Watson isyear. requested. Mrs. matron of the local worthy Bank Receiver Appointed from the federal Upon orders First National ing department, Beallsville has been placed of hands of relieving who has the Cashier Harry operating the bank as conserv on restricted basis since the holiday. has been by Secrest Berry receiver and has arrived to on his duties. Rebekah Convention A school of instructions of bekah lodge will be held at Po tan on Oct. Afternoon begin at o'clock and at dinner will be served. The session will begin at 7:30 Everyone is invited to attend meetings. It is expected that ber of the members of the local bekah lodge will attend. Personals Mrs. Kate Arnold, who is co to the Martins Ferry hospital, injuries received recently struck by an automobile ably improved which her friends and relatives are gld learn. C.S. Craig, South Main street has been III with asthmatic for some time was removed of his son-in-law, Deputy nue. Mr. Craig's condition has tinued to grow worse the pas days and it is stated that pneus has developed. Mr. and Mrs. J. R. Nowell at iting their daughter Mrs. Dearth and family Niles Mr. and Mrs. Harold Fridaid visitors in Woodsfield Friday.


Article from Morgan County Democrat, October 12, 1933

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Article Text

Secrest Berry, who has been employed as a teacher in the Sharon public schools, has been named as receiver for the First National bank at Beallsville, Monroe county, and went to that place last week to enter upon his duties. The bank is to be liquidated.-Noble County Leader.