First National Bank - Oberlin, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 72
Charter Number: 2718
Start Date: February 26, 1897
Location: Oberlin, Ohio (41.294, -82.217)

Metadata

Model: gpt-5-mini
Short Digest: 42ca3dbe

Response Measures

None

Receivership Details

Depositor recovery rate: 67.0%
Date receivership started: 1904-11-28
Date receivership terminated: 1913-06-30
OCC cause of failure: Excessive lending
Share of assets assessed as good: 44.7%
Share of assets assessed as doubtful: 7.1%
Share of assets assessed as worthless: 48.2%

Description

Article (Feb 26, 1897) lists receivers appointed for 'First National of Oberlin, O.' No mention of a depositor run; bank was placed in receivership (closure). I infer suspension/closure with receivership rather than a run.

Events (4)

1. August 29, 1863 Chartered

Source: historical_nic

2. June 2, 1882 Chartered

Source: historical_nic

3. February 26, 1897 Receivership

Newspaper Excerpt: Receivers have been appointed for the following banks: First National of Olympia, Wash., First National of Oberlin, O., and First National of Griswold, Ia.
Source: newspapers

4. November 28, 1904 Receivership

Source: historical_nic

Newspaper Articles (1)

1. February 26, 1897 The Columbia Herald Columbia, TN

Article from The Columbia Herald, February 26, 1897

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Article Text

GENERAL NEWS. The Auburn Wagon Works, of Parkersburg, W. Va., have been put into hands of a receiver. Liabilities, $120,000; assets, $65,000. Receivers have been appointed for the following banks: First National of Olympia, Wash., First National of Oberlin, O., and First National of Griswold, Ia. Charles Dana Gibson, in illustrating a short story that narrates the romance of Princess, for the March Ladies' Home Journal, has created what he regards as his typical English girl. She is said to be as distinctive and striking as his famous American girl, and while essentially different she is quite as interesting. The drawing will illustrate Robert C. V. Meyers' story, "The Morning After the Servia Got In." The charter of the Tennessee Jersey Cattle Club was filed in the County Register's office in Nashville last Tuesday, with M. M. Gardner, A.F. Brown, H. A. Huntington, S.N.Warren,T.S.Lipscomb,J. P. Montague and J. E. Hart as incoporators.