First National Bank - Butler, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6515
Charter Number: 6515
Start Date: January 1, 1910*
Location: Butler, Ohio (40.588, -82.425)

Metadata

Model: gpt-5-mini
Short Digest: a6513166

Response Measures

None

Description

Article states the First National Bank in 1910 ceased to do business and transferred its interest in a note to the Richland County Bank of Butler. No run is mentioned; the bank appears to have stopped operations (permanently). Limited detail on cause; wording suggests voluntary cessation rather than an explicit government closure.

Events (3)

1. December 1, 1902 Chartered

Source: historical_nic

2. January 1, 1910* Suspension

Cause: Voluntary Liquidation
Cause Details: Article states the bank ceased to do business in 1910 and transferred its interest in a note to another bank; no run or government action mentioned.
Newspaper Excerpt: the First National Bank in 1910 ceased to do business and at the time transferred to the Richland County Bank of Butler all interest in the note.
Source: newspapers

3. June 21, 1910 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. September 5, 1911 The Democratic Banner Mount Vernon, OH

Article from The Democratic Banner, September 5, 1911

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Article Text

RECEIVER Of Butler Defunct Bank Seeks Judgment Asks That Mortgage May Be Foreclosed To Pay Off A Note In The Sum Of $2,500 (Mansfield Shield) C. F. Ackerman, receiver of the Richland County Bank, of Butler, through Attorneys Brucker and Voegele has filed suit for $2,500 in common pleas court against L. T. Cornell, A. J. Solomon et al. The plaintiff says as such receiver there is due him from defendants $2,500 with interest from March 10, 1910 at 5 per cent on a promissory note for $2,500 dated at Butler, March 10, 1909, due in two years to Amos J. Solomon and signed L. T. Cornell. The plaintiff says A. J. Solomon is an endorser upon the note and also has guaranteed the payment of the same. He says the note was originally made payable to Amos J. Solomon and that in 1909, he transferred all his interest in the note to the First National Bank of Butler; that the First National Bank in 1910 ceased to do business and at the time transferred to the Richland County Bank of Butler all interest in the note. The plaintiff says as such receiver he is now the sole owner of the note and is entitled to sue thereon. The plaintiff says to secure the payment of the note a mortgage was given on inlot 17 in Butler. It is asked that the real estate be sold and the proceeds from the sale of the real estate be applied to the payment of plaintiff's judgment. It is asked that R. M. Greer receiver of The Farmers' and Merchants National Bank of Mt. Vernon and the Guaranty Savings Bank & Trust Co., of Mt. Vernon may be compelled to set up any claim they have upon the property.