First National Bank - Crestline, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5099
Charter Number: 5099
Start Date: February 3, 1931
Location: Crestline, Ohio (40.788, -82.737)

Metadata

Model: gpt-5-mini
Short Digest: b07895b0

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1931-01-28
Date receivership terminated: 1934-10-31
OCC cause of failure: Losses
Share of assets assessed as doubtful: 98.7%
Share of assets assessed as worthless: 1.3%

Description

Articles report the First National Bank of Crestline in receivership (receiver E. Evensen appointed). No article describes a depositor run; the bank is closed and in receivership and the receiver is pursuing suits in 1932. OCR errors in articles corrected (Evensen/Evenson, 'receiver').

Events (5)

1. December 4, 1897 Chartered

Source: historical_nic

2. January 21, 1929 Voluntary Liquidation

Source: historical_nic

3. January 28, 1931 Receivership

Source: historical_nic

4. February 3, 1931 Receivership

Newspaper Excerpt: Evensen Appointed Receiver for Former Bank ... The First National Bank Crestline ... Mr. Evensen was appointed receiver ... wind up its affairs in connection with any business that may come ... the First National Bank Crestline good shape, with ample resources business.
Source: newspapers

5. March 3, 1932 Other

Newspaper Excerpt: BANK RECEIVER FILES 2 SUITS ... suits were filed ... by E. Evenson receiver for the First National bank of Crestline ... the receiver asks for $2300 alleged to be liability of the stockholders ... The First National bank Crestline the predecessor of The First National bank in Crestline which doing general banking business in that city
Source: newspapers

Newspaper Articles (2)

1. February 3, 1931 The Galion Inquirer Galion, OH

Article from The Galion Inquirer, February 3, 1931

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Article Text

BUSINESS Evensen Appointed Receiver for Former Bank The First National Bank "in" Crestline functioning fiduciary institution in Crestline. The First National Bank "of" Crestline, not an active concern. simply an organization the business of which was taken over some years by the bank. This explanation made clear the reason for the appointof Evensen, receiver of the Citizens National bank. as ceiver of the First National Bank Crestline, just announced. Mr. Evensen was appointed ceiver wind up its affairs in connection with any business that may come The First National Bank Crestline good shape, with ample resources business.

2. March 3, 1932 News Journal Mansfield, OH

Article from News Journal, March 3, 1932

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Article Text

BANK RECEIVER FILES 2 SUITS Crestline Company Is Plaintiff In Court Action Special To The News BUCYRUS, March suits were filed in common pleas court Wednesday by E. Evenson ceiver for the First National bank of Crestline in which the receiver asks for $2300 alleged to be liability of the stockholders in the institution under national bank ing laws. The First National bank Crestline the predecessor of The First National bank in Crestline which doing general banking business in that city One directed against Mary Weaver legatee under the will of the late W Weaver. The deceased alleged to have been th owner of five shares of the time of his death Par value of the stock placed at $100 per share and judgment asked in the of $500 with interest and of the action. Fanny Miller and Dorothy Retter are the defendants in the other suit claimed in the petition that the defendants under will Frank Miller late of Crestline and asked in the of $1800 with interest and costs