Union National Bank - Massillon, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1318
Charter Number: 1318
Start Date: August 18, 1934
Location: Massillon, Ohio (40.797, -81.522)

Metadata

Model: gpt-5-mini
Short Digest: 8054bd73

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-01-03
Share of assets assessed as doubtful: 82.3%
Share of assets assessed as worthless: 17.7%

Description

Article (1934-08-18) refers to the 'former Union National Bank' and litigation by a bank receiver against stockholders, indicating the bank had been closed and placed in receivership. No mention of a depositor run in the text, so classified as suspension_closure (closure with receiver).

Events (4)

1. June 21, 1865 Chartered

Source: historical_nic

2. November 4, 1931 Voluntary Liquidation

Source: historical_nic

3. January 3, 1934 Receivership

Source: historical_nic

4. August 18, 1934 Receivership

Newspaper Excerpt: Several ago he sued 24 stockholders of the former Union National Bank in the same manner. ... H. Ross Ake, bank receiver Several ago he sued 24 stockholders of the former Union National Bank in the same manner.
Source: newspapers

Newspaper Articles (1)

1. August 18, 1934 The News-Messenger Fremont, OH

Article from The News-Messenger, August 18, 1934

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Article Text

SUES STOCK OWNERS OF MASSILLON BANK Suits asking double liability assessments from 42 citizens of Massillon who were of the old First National Bank there were filed in Federal Court here. It was the instance of litigation started in court against Massillonites by H. Ross Ake, bank receiver Several ago he sued 24 stockholders of the former Union National Bank in the same manner. The largest amount assessed in today's suits was $9,000. and was against Mrs. France S. Schuckers The total asked in the 42 suits was $64,700. DENIES RUMOR for the Japanese foreign of today emphatically denied Russian allegations that Japan is planning forcibly to seize the Chinese Eastern Railway, which is largely owned by Russia, without The ideal is but the truth at distance.