First National Bank - Bowling Green, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4045
Charter Number: 4045
Start Date: December 20, 1916
Location: Bowling Green, Ohio (41.375, -83.651)

Metadata

Model: gpt-5-mini
Short Digest: ac183d62

Response Measures

None

Receivership Details

Depositor recovery rate: 72.9%
Date receivership started: 1917-01-05
Date receivership terminated: 1924-05-31
OCC cause of failure: Fraud
Share of assets assessed as good: 63.8%
Share of assets assessed as doubtful: 31.1%
Share of assets assessed as worthless: 5.1%

Description

The bank had been closed after the cashier Burton C. Harding committed suicide (Dec 20). The Comptroller appointed John L. Procter as receiver; articles describe receiver collecting notes and litigation by the receiver, indicating the bank remained in receivership/closed rather than a temporary run or reopening. No run is described in the articles.

Events (7)

1. May 23, 1889 Chartered

Source: historical_nic

2. December 20, 1916 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier Burton C. Harding committed suicide on December 20; bank closed thereafter and true condition of affairs unknown.
Newspaper Excerpt: The bank has been closed since the cashier, Burton C. Harding, took his own life in the Elks' clubrooms in this city on December 20.
Source: newspapers

3. January 5, 1917 Receivership

Source: historical_nic

4. January 26, 1917 Receivership

Newspaper Excerpt: John L. Procter, Pittsburg, receiver for the comptroller of the currency, has refused to make any statements. ... The receiver is collecting money on notes, and depositors having balances are allowed to turn them over as part payment on the notes, but stockholders have not been granted this privilege . . . a reorganization will be effected.
Source: newspapers

5. March 29, 1917 Other

Newspaper Excerpt: Joseph M. Baker vs. Frank M. Young, Hattie Young, John L. Proctor, Receiver of First National Bank of Bowling Green, and George W. Cheney. Foreclosure.
Source: newspapers

6. May 31, 1917 Other

Newspaper Excerpt: John L. Proctor, receiver of First National Bank of Bowling Green, vs. Chas. W. Ryan. For money.
Source: newspapers

7. June 21, 1917 Other

Newspaper Excerpt: John L. Proctor as receiver of the First National Bank of Bowling Green vs. Mary K. Goit and La Quinia Goit, partners, under the name and style of Goit & Son. For money.
Source: newspapers

Newspaper Articles (4)

1. January 26, 1917 Fulton County Tribune Wauseon, OH

Article from Fulton County Tribune, January 26, 1917

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Article Text

TRUE CONDITION OF BANK Not Yet Known To Officers, Stockholders and Depositors-Reorganization To Be Effected. Bowling Green, O.-Directors, stockholders and depositors are still unable to obtain any information as to the true condition of affairs at the First National Bank in this city. John L. Procter, Pittsburg, receiver for the comptroller of the currency, has refused to make any statements. The bank has been closed since the cashier, Burton C. Harding, took his own life in the Elks' clubrooms in this city on December 20. The receiver is collecting money on notes, and depositors having balances are allowed to turn them over as part payment on the notes, but stockholders have not been granted this privilege At the meeting of the stockholders nothing definite regarding the bank's books could be learned, and the meeting was adjourned until a later date, at which time a reorganization will be effected.

2. March 29, 1917 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, March 29, 1917

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Article Text

C. W. Lenhart and J. N. Easley, partners of Wood County Abstract & Loan Co. VS. George E. Grant. For money. C. W. Black, administrator of the estate of John R. Black, deceased. Cognovit note of $461.20. Joseph M. Baker vs. Frank M. Young, Hattie Young, John L. Proctor, Receiver of First National Bank of Bowling Green, and George W. Cheney. Foreclosure. Nella A. Lentz has filed suit for divorce from Albert J. Lentz on the grounds of gross neglect of duty and extreme cruelty. They were married on July 27, 1914, and have one child. the says he has only contributed $36 toward her support since she was compelled to leave him after living with him for two years, and returned

3. May 31, 1917 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, May 31, 1917

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Article Text

WOOD COUNTY COURT HOUSE NOTES NEW CASES FILED. Joseph W. Connaley vs. Josephine Lusk, Earl Lusk, Emma Thornton and John Hufford. Partition. Accounting and equitable relief. John L. Proctor, receiver of First National Bank of Bowling Green, vs. Chas. W. Ryan. For money. John L. Proctor, receiver of First National Bank of Bowling Green, vs. Chas. W. Ryan and Pearl Ryan, his wife, et al. For money and foreclosure of mortgage. Pearl E. Repp vs. Vitus Haas. Damages, $2,000.00. In the matter of Naturalization of Otto Richard Krueger. Theodore Mylewski vs. The Industrial Commission of Ohio and the Ohio State Workmen's Insurance Fund. Apeal from award of the Industrial Commission of Ohio.

4. June 21, 1917 Perrysburg Journal Perrysburg, OH

Article from Perrysburg Journal, June 21, 1917

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Article Text

NEW COURT CASES A. B. Spear VS. State of Ohio. Writ on error. John L. Proctor as receiver of the First National Bank of Bowling Green vs. Mary K. Goit and La Quinia Goit, partners, under the name and style of Goit & Son. For money. Caria Kahlenberg (correct given name Caroline) vs. William Doepker. For: money. Cognovit note $548.50.