First National Bank - Galion, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 419
Charter Number: 419
Start Date: February 15, 1904
Location: Galion, Ohio (40.734, -82.790)

Metadata

Model: gpt-5-mini
Short Digest: cf2e405b

Response Measures

None

Description

Articles (AP dispatch dated Feb. 15, 1904) report the board of directors closed the First National Bank of Galion and the National Bank Examiner Robert Lyons was appointed receiver. No mention of a depositor run prior to the closing; the bank was placed in receivership and did not reopen in these articles.

Events (3)

1. May 9, 1864 Chartered

Source: historical_nic

2. February 15, 1904 Receivership

Newspaper Excerpt: National Bank Examiner Robert Lyons has been appointed receiver of the Galion, Ohio, National Bank.
Source: newspapers

3. February 15, 1904 Suspension

Cause: Government Action
Cause Details: Board of directors closed the bank; National Bank Examiner (Comptroller) appointed a receiver (federal involvement).
Newspaper Excerpt: the board of directors of the First National Bank of Galion, Ohio, closed its doors this morning.
Source: newspapers

Newspaper Articles (2)

1. February 19, 1904 The Clarksburg Telegram Clarksburg, WV

Article from The Clarksburg Telegram, February 19, 1904

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Article Text

NATIONAL BANK DOORS CLOSED First National Bank of Galion, Ohio, Was Closed This Morning By Its Board of Directors. By Associated Press. Washington, D. C., Feb. 15-The Comptroller of the Currency is informed that the board of directors of the First National Bank of Galion, Ohio, closed its doors this mo.ning. The institution is capitalized at $100,000. It has a surplus of about $20,000, deposits of nearly $250,000, loans and discounts of about $260,000. The bank was established in 1864. By Associated Press. Washington, D. C., Feb. 15-National Bank Examiner Robert Lyons has been appointed receiver of the Galion, Ohio, National Bank.

2. February 19, 1904 The Clarksburg Telegram Clarksburg, WV

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Article Text

NATIONAL BANK DOORS CLOSED First National Bank of Galion, Ohio, Was Closed This Morning By Its Board of Directors. By Associated Press. Washington, D. C., Feb. 15 -The Comptroller of the Currency is informed that the board of directors of the First National Bank of Galion, Ohio, closed its doors this morning. The institution is capitalized at $100,000. It has a surplus of about $20,000, deposits of nearly $250,000. loans and discounts of about $260,000. The bank was established in 1864. By Associated Press. Washington, D. C., Feb. 15-National Bank Examiner Robert Lyons has been appointed receiver of the Galion, Ohio, National Bank.