17602. First National Bank (Medina, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2053
Charter Number
2053
Start Date
May 2, 1874
Location
Medina, Ohio (41.138, -81.864)

Metadata

Model
gpt-5-mini
Short Digest
405be334

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (May 2–5, 1874) report that the First National Bank of Medina suspended this morning. A local report identifies the cause as dishonesty by a former cashier, W. W. Pancoast (bank-specific adverse information). The articles do not mention a run or a reopening; therefore I classify this as a suspension without mention of subsequent reopening. There is no explicit mention of a receiver in the provided articles, but no reopening is reported either, so I selected suspension_closure while noting the permanent closure/receivership is not directly documented in the texts.

Events (3)

1. October 4, 1872 Chartered
Source
historical_nic
2. May 2, 1874 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension occasioned by dishonesty of former cashier W. W. Pancoast (reported May 15, 1874).
Newspaper Excerpt
A special from Medina says the First National Bank of that city suspended this morning. It is reported that the assets will pay all liabilities.
Source
newspapers
3. May 6, 1874 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (10)

Article from Nashville Union and American, May 3, 1874

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Article Text

CINCINNATI. A Broken Bauk-Contribution Boxes For Louisiana Sufferers. CINCINNATI, O., May 2.-The special from Medina to the Times reports the suspension of the First National Bank, of that city, this morning, and the probability that the assets will pay the liabilities. Contribution boxes, to receive donations for the Louisiana sufferers, will be placed at all places of amusement during the coming week, and at all the churches on tomorrow.


Article from The New York Herald, May 3, 1874

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Article Text

REPORTED BANK SUSPENSION. 1 CINCINNATI, Ohio, May 2, 1874. A despatch from Medina says that the First National Bank of that city suspended this morning. It 18 reported that assets will pay all liabilities.


Article from The Wheeling Daily Intelligencer, May 4, 1874

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Article Text

CINCINNATI. JUDICIAL APPORTIONMENT. CINCINNATI, May 2.-The Constitutional Convention to-day passed the Common Pleas judicial apportionment, recently proposed by Mr. Beer, of Crawford. SUSPENSION OF A NATIONAL BANK. A special from Medina to the Times reports the suspension of the First National Bank ot that city this morning. The probability is that the assets will pay the liabilities.


Article from The Wheeling Daily Register, May 4, 1874

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Article Text

CINCINNATI. Constitutional Convention. CINCINNATI, May 2.-The Constitutional Convention to-day passed the Common Pleas judicial apportionment proposed by Mr. Beer, of Crawford. Bank Suspension. A special from Medina to the Times reports the suspension of the First National Bank of that city this morning, and the probability is that the assets will pay the liabilities. The Board of Trade to-day passed resolutions thanking Congress for passing the Louisville and Portland Canal bill. The joint committee for the relief of the Louisiana sufferers to-day ordered the purchase of a thousand dollars worth of provisions to ship on the Exporter. Contribution boxes to receive donations for the Louisiana sufferers, will be placed at all places of amusement one night the coming week, and at all the churches on Sunday, May 10th. The Roman Catholic Archbishops are arriving to-night to attend the convention next week of all the Archbishops of the United States. The object of the convention has not been promulgated, but it is supposed to be for the purpose of considering the admisability of increasing the number of Archbishops. Archbishop's McCluskey of New York, Bailey of Baltimore, Wood of Philadelphia, Bishop's McClusky of Louisville and O'Conner of Philadel. phia, Rev. James O'Reilley and Rev. A. J. McDonough of Philadelphia have arrived to attend the convocation of Roman Catholic bishops this week.


Article from Wilmington Daily Gazette, May 4, 1874

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Article Text

General News. Paul McAferry and Tom Brobson, living in Cass county, III., quarrelled on Friday about a young woman, and the former fatally shot the latter. A special from Medina, Ohio, says the First National Bank, of that city suspended Saturday morning. It is reported its assets will pay all its liabilities. John Halburt, one of the oldest citizens of Carrollton, III., was found dead in bed Friday morning, with his head terribly crushed. There 18 no clue to the murderer. Barbert & Co.'s sash factory, at Montgomery Station, tive miles from Muney, Pa., was totally demolished Saturday by the boiler exploding. Two boys named Fowler and the engineer were injured. The stables of the Evergreen Trotting Park, at New Bedford, were burned Friday night, with a Hambietonian stallion valued at $10,000: Climax, a racer valued at $4,000, and another horse valued at $2,000. Gen. John C. Breckenridge was taken seriously ill with hemorrhage of the lungs at Lexington, Ky., last Friday week, and for a time was in a very critical condition. At last accounts he was reported better, though by no means out of danger.


Article from Daily Kennebec Journal, May 4, 1874

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Article Text

OHIO. Cincinnati, 2. A special trom Medina says the First Natsonal Bank of that city suspended this morning. It is reported that the assets will pay all liabilities. A thousand dollars worth visions were purchased by the Louisian. mittee to-day. Boxes to receive contributions to the relief fund will be placed in all places of amusement, oae night next week and in the churches on Sunday May 10.


Article from The Portland Daily Press, May 4, 1874

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Article Text

Bank Suspended. CINCINNATI, May 2-A special from Medina says that the Frst National Bank of that city suspended this morning. It is reported that the assets will pay all liabilities.


Article from Evening Star, May 5, 1874

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The First National Bank, of Medina, Ohio, has suspended. It is reported that the assets will pay all liabilities. The southwestern papers head their articles "Water, water everywhere," but do not add "not a drop to drink," because that would not grieve any southwestern man in the least. Appalling thought.-What a hostof"hom^ of rulers" we should see avowed if women could offer themselves as candidates at general elections.-Punch.


Article from The Democratic Press, May 7, 1874

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THE DEMOCRATIC PRESS! SAMUEL D. HARRIS EDITOR AND PUBLISHER. R>VENNA, THURSDAY, MAY 7, 1874. THE pen with which Grant wrote the veto message should be put up for sale at auction. THE public debt statement put forth on the 1st inst., shows a decrease during the month of April of $2,900,000. SEVEN persons were killed and several wounded Saturday evening by the explosion of the rotary boiler in Condit's paper-mill, at Shawangunk, Pa. A CASE under the McConnelsvill oΓdinonce at Van Wert, has been taken up to the Common Please Court of Van Wert county. A THOUSAND children have been taken to the gas works in Hartford, Connecticut, this spring, to be cured of whooping cough by inhaling crude gas from the retort. LEAVING out specie, the imports at New York have fallen off $44,500,000, and the exports have risen over $34,000,000 during the nine months ending April 1, of the present year. That is not a discouraging showing. SINCE the beginning of ocean navigation by steam, thirty-three years ago, fifty-one steamers have found the bottom of the ocean. The first one lost was the President, and the last one L' 'Amerique. GIRL, supposed to be Kate Bender, and a man, supposed to be John Bender, have been arrested near Salt Lake City, and will be held for identification. AT Shawnee, near Lancaster, O., on the 29th ult., a dentist practicing without license, administered to a Miss Sullivan, eighty grains of hydrate of shloral, causing her death within a few minutes. The villain fled the country, and as yet has not been arrested. THE London Times advises the United States to substitute Treasury currency for National Bank notes.That is sensible advice, as the Government would save $20,000,000 or more gold interest and have quite as good, if not a better, currency. THE First National Bank of Mediua suspended on Saturday. It is said the assets will pay the liabilities. FOUR men were run over and instantly killed by a train of cars near Altoona, Pa., on Wednesday of last week. THREE persons were burned to death on the 29th ult., by a fire at the residence of Henry Penington at Hartzville, Clearfield county, Pa. ON Thursday last three men employed on the Steamship Ocean Quean, at East Ninth Street, N. Y., fell into the East River and were drowned. ON Wednesday of last week Stephen Hood (colored) was execnted in the jail yard at Cleveland, for the murder of his step-son, Greenberry Hood, on the 17th day of July last. He protested his innocence to the last. JOE WALTZ, was hung at Catskill, N. Y. on Friday last. On the day before his execution he brained his keeper, who was stationed in his cell to prevent any attempt at suicide. At last accounts the keeper was still alive, IT is announced that it cost last year $76,000 more for the government of New York City than it did in 1868, under the Tammany Ring. Yet Tweed is in prison and "reformers" are the rulers. GOTERNOR ALLEN returned to him home last week, and is now rusticating at his mansion on Fruit Hill. He is looking finer than ever. Columbus life seems to have agreed with him, and he has gained twelve pounds in weight since last fall.-Chillicothe Advertiser. THE Legislature of North Carolina has just passed a law which imprisons for five years "any person who manufacturs, sells or deals in spirituous liquors as a drink, of any name or kind, containing foreign properties or ingredients poisonous to the system." JOSEPH S. BROOKS, whom the State Courts of Arkausas have decided to be the legal Governor, is a native of Butler county, Ohio, was at one time editor of the Central Christian Advocate, at St. Louis, Mo., and was a distinguished opponent of slavery before the war. THE Supreme Court of Indiana has decided that the Fifteenth Amendment confers on colored children the right to attend the public schools, where no separate schools are provided for them. THE Democratic Legislature of this


Article from The Fremont Weekly Journal, May 15, 1874

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Article Text

THE suspension of the First National Bank, of Medina was occasioned by the dishonesty of one W. W. Pancoast, a former cashier, whose residence now is unknown.