First National Bank - Bradford, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9163
Charter Number: 9163
Start Date: June 2, 1934
Location: Bradford, Ohio (40.132, -84.431)

Metadata

Model: gpt-5-mini
Short Digest: 18e27c8a

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-05-01
Date receivership terminated: 1936-09-22
Share of assets assessed as good: 53.1%
Share of assets assessed as doubtful: 35.5%
Share of assets assessed as worthless: 11.3%

Description

Newspaper articles from mid-1934 describe the First National Bank of Bradford as closed and under a receiver (James E. Maher). Court authorization to sell securities (June 2 and June 4, 1934 items) and subsequent receiver actions (claim settlements and judgments through Sept–Nov 1934) indicate the bank was closed and in liquidation/receivership. Articles do not describe any prior depositor run or an official suspension announcement or cause for closure, so I classify this as a suspension leading to permanent closure/receivership. Cause of suspension is not stated in the articles (set as 'other'). Dates use the publication dates when the receiver's actions are reported.

Events (7)

1. June 5, 1908 Chartered

Source: historical_nic

2. May 1, 1934 Receivership

Source: historical_nic

3. June 2, 1934 Receivership

Newspaper Excerpt: Maher, receiver for the closed First National bank of Bradford, has been authorized... in the process of liquidating the assets of the institution.
Source: newspapers

4. June 2, 1934 Suspension

Cause Details: Articles state the bank is closed and in receivership but do not give a reason for suspension/closure.
Newspaper Excerpt: Maher, receiver for the closed First National bank of Bradford, has been authorized by the court of common pleas to sell certain listed securities in the process of liquidating the assets of the institution.
Source: newspapers

5. June 4, 1934 Other

Newspaper Excerpt: Maher, receiver for the closed First National Bank of Bradford has been authorized by the Miami County common pleas court at Troy, Ohio, to sell certain listed securities in connection with the process of liquidating the assets of the institution, it was disclosed today in press dispatches. The total value of the securities to be disposed of is $163,175, petition filed in the common pleas court Troy revealed. Sale proceedings are expected be completed soon.
Source: newspapers

6. September 8, 1934 Other

Newspaper Excerpt: James Maher, receiver the First National bank, Bradford, has filed petition in common pleas court seeking authority to settle claim held against Forest and Alta Routson for money borrowed from the bank. It stated the claim now amounts to $4,541 and the receiver asks authority to settled for $3,300.
Source: newspapers

7. November 23, 1934 Other

Newspaper Excerpt: James E. Maher, receiver for the First National bank Bradford, has been granted cognovit judgments in the common pleas court against E. B. and E. S. Coppock.
Source: newspapers