First National Bank - Defiance, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4661
Charter Number: 4661
Start Date: April 8, 1932
Location: Defiance, Ohio (41.284, -84.356)

Metadata

Model: gpt-5-mini
Short Digest: 95bd3a4a

Response Measures

None

Receivership Details

Depositor recovery rate: 20.9%
Date receivership started: 1932-04-11
Date receivership terminated: 1936-10-31
Share of assets assessed as good: 0.8%
Share of assets assessed as doubtful: 47.6%
Share of assets assessed as worthless: 51.6%

Description

OCR of the clip is poor. The article (1932-04-08) appears to state the closed First National Bank of Defiance in the context of a forgery trial. There is no clear mention of a depositor run; the piece implies the bank was closed. Cause of the suspension/closure is not specified in the text provided, so classified as 'other'.

Events (4)

1. December 7, 1891 Chartered

Source: historical_nic

2. February 17, 1931 Voluntary Liquidation

Source: historical_nic

3. April 8, 1932 Suspension

Cause Details: Article text is OCR-corrupted; it states the closed First National Bank of Defiance in connection with a forgery case, but gives no clear reason for the closure.
Newspaper Excerpt: closed First tional bank of Deflance
Source: newspapers

4. April 11, 1932 Receivership

Source: historical_nic

Newspaper Articles (1)

1. April 8, 1932 The Times Recorder Zanesville, OH

Article from The Times Recorder, April 8, 1932

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Article Text

Appeals Protection Of Coal Miners NEW PHILADELPHIA April appeal behalf former of the Wolfford Brothers mine was made today Tuscarawas county by the said pickets creek attempt leave mining The walk miles from for their rations Sheriff Wolfford Mill township company houses March following between the operators the union OF Patten. charged having given the closed First tional bank of Deflance forged when negotiated of 000 found guilty tonight but bond Judge George which imprisonment and $10,000 fine.