First National Bank - Cardington, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 127
Charter Number: 127
Start Date: June 20, 1932
Location: Cardington, Ohio (40.501, -82.894)

Metadata

Model: gpt-5-mini
Short Digest: 11fde9e1

Response Measures

None

Receivership Details

Depositor recovery rate: 92.2%
Date receivership started: 1931-10-29
Date receivership terminated: 1937-11-24
OCC cause of failure: Economic conditions
Share of assets assessed as good: 38.2%
Share of assets assessed as doubtful: 52.5%
Share of assets assessed as worthless: 9.2%

Description

Article (News Journal, 1932-06-20) reports a receiver for the First National Bank of Cardington, indicating the bank was placed in receivership and thus permanently closed. No mention of a depositor run in the available text.

Events (3)

1. November 13, 1863 Chartered

Source: historical_nic

2. October 29, 1931 Receivership

Source: historical_nic

3. June 20, 1932 Receivership

Newspaper Excerpt: receiver of the First National bank of Cardington. has filed application in common pleas court for the right to assign a government bond in the matter of Mrs. Delight Schaaf.
Source: newspapers

Newspaper Articles (1)

1. June 20, 1932 News Journal Mansfield, OH

Article from News Journal, June 20, 1932

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Article Text

BANK RECEIVER SUES Cardington Official Applies for Right to Assign Bond. MT GILEAD, June David P Anderson. receiver of the First National bank of Cardington. has filed application in common pleas court for the right to assign a government bond in the matter of Mrs. Delight Schaaf. Raymond Dailey has filed suit for partition of 70 acres of land in South Bloomfield township naming Russell Dailey, Ethel Dailey, Bessie Brubaker, Charles Brubaker. George Dupee, Paul Dupee. Ruby Dailey and Daisey Dailey as defendants and heirs of the late Charles W. Dailey. The Southard Production Co. of Dayton has filed foreclosure action against John F. Bumpus as administrator of the estate of H. T. Winterbotham. The suit is based on note for $800 secured by 2 mortgage on 40 acres of land in Canaan township. Roger K. Powell. Dayton attorney and former Mt. Gilead resident. represents the Dayton company.