18489. First National Bank (Aspinwall, PA)

View Charter #8824 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
8824
Charter Number
8824
Start Date
August 26, 1916
Location
Aspinwall, Pennsylvania (40.491, -79.905)

Metadata

Model
gpt-5-mini
Short Digest
a8ddc5a2

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
81.2%
Date receivership started
1916-09-07
Date receivership terminated
1918-06-29
OCC cause of failure
Losses
Share of assets assessed as good
54.2%
Share of assets assessed as doubtful
25.4%
Share of assets assessed as worthless
20.4%

Description

Newspaper accounts (Aug 28, 1916) report a depositor run following the closing of the Central Trust Co. and the bank failed to open Aug 28 with a national bank examiner in charge. Subsequent court notices (late 1916–1917) identify John L. Proctor as Receiver, indicating the suspension led to permanent closure/receivership.

Events (5)
1. August 6, 1907 Chartered
Source
historical_nic
2. August 26, 1916 Run
Cause
Local Banks
Cause Details
Depositors, alarmed by the closing of the Central Trust Company in Pittsburgh and confusion about C. O. Spillman's association with both institutions, withdrew funds.
Measures
None reported prior to suspension; withdrawals prompted board meeting and examiner involvement.
Newspaper Excerpt
Following the closing of the Central Trust Co. last week depositors made a small run on the Aspinwall bank on Saturday.
Source
newspapers
3. August 28, 1916 Suspension
Cause
Local Banks
Cause Details
Bank failed to open after a recent run triggered by the closing of the Central Trust Co.; examiner placed in charge following board meeting noting large withdrawals earlier in week.
Newspaper Excerpt
The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its affairs.
Source
newspapers
4. September 7, 1916 Receivership
Source
historical_nic
5. December 28, 1916 Receivership
Newspaper Excerpt
JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaintiff.
Source
newspapers

Newspaper Articles (13)
1. August 28, 1916 The Detroit Times Detroit, MI
Article from The Detroit Times, August 28, 1916

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Article Text

ASPINWALL BANK CLOSES ITS DOORS BY UNITED PRESS PITTSBURGH Pa., Aug. 28.-The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its at fairs. C. O. Spillman. former president of the Central Trust Co., of Pitts burgh. is president of the Aspinwall institution Following the closing of the Central Trust Co. last week. depositors made a small run on the Aspinwall bank on Saturday. The Aspinwall bank had deposits of $125,000, largely savings ac. counts.

2. August 28, 1916 The Detroit Times Detroit, MI
Article from The Detroit Times, August 28, 1916

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Article Text

ASPINWALL BANK CLOSES ITS DOORS BY UNITED PRESS. PITTSBURGH, Pa., Aug, 28,-The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its af. fairs, C. O. Spillman, former president of the Central Trust Co., of Pitts. burgh, is president of the Aspinwall Institution. Following the closing of the Central Trust Co. last week depositors made a small run on the Aspinwall bank on Saturday The Aspinwall bank had deposits of $125,000, largely savings ac. counts,

3. August 28, 1916 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, August 28, 1916

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Article Text

BANK RUN At Aspinwall Results in Placing the Institution in Hands of Examiner. (BY ASSOCIATED PRESS) PITTSBURG, August 28.-The First National Bank of Aspinwall, a suburb, was Monday placed in charge of J. Frank Miller, national bank examiner, after a meeting of the board of directors, at which it was disclosed that a considerable portion of deposits had been withdrawn by depositors last Saturday. The run, it was stated, followed the closing of the Central Trust Company, of Pittsburg, many Aspinwall depositors believing that C. O. Spillman, president of the bank, was also president of the trust company. Mr. Spillman resigned from the trust company in July but the fact was not generally known. The bank had a capital of $25,000 and deposits of about $100,000.

4. November 11, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, November 11, 1916

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Article Text

# ORDER OF PUBLICATION. # THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 6th day of November, 1917. John L. Proctor, Receiver of the First National Bank of Aspinwall, a corporation, Plaintiff, vs. Bull Run Orchard Company, a corporation, Defendant. The object of this suit is to obtain a decree fixing the amount of the debt due the complainant against the defendant, and in default of the payment thereof that the property attached in this suit may be sold to satisfy said debt, and for such other relief as may be necessary in the promises. And affidavit having been made that the said defendant, Bull Run Orchard Company, is a non-resident of this State, the said defendant is required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect its interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Evening Journal, a newspaper, printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. II. H. Emmert, Atty. for Plaintiff. 11 10 1twk 4wk Fri

5. November 13, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, November 13, 1916

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Article Text

# ORDER OF PUBLICATION. # THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 6th day of November, 1917. John L. Proctor, Receiver of the First National Bank of Aspinwall, a corporation, Plaintiff, vs. Bull Run Orchard Company, a corporation, Defendant. The object of this suit is to obtain a decree fixing the amount of the debt due the complainant against the defendant, and in default of the payment thereof that the property attached in this suit may be sold to satisfy said debt, and for such other relief as may be necessary in the promises. And affidavit having been made that the said defendant, Bull Run Orchard Company, is a non-resident of this State, the said defendant is required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect its interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Evening Journal, a newspaper, printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 11 10 1twk 4wk Fri

6. December 28, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 28, 1916

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Article Text

JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaintiff.

7. December 28, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 28, 1916

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Article Text

JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaitiff. VS Bull Run Orchard Co., a corporation Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To Bull Run Orchard Company, a corporation: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Penn- sylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and further, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Emmert in Mar- tinsburg, in the county of Berkeley State of West Virginia, on the 8th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be com- pleted on said days, the same will be adjourned from time to time, un- til they are completed. Yours, etc.

8. December 29, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 29, 1916

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Article Text

John L. Proctor, Receiver of The First National Bank of Aspinwall, a corproation, plaintiff, vs. C. O. Spillman, Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To C. O. Spillman: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proc- tor, receiver of the First National Bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Pennsylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and furth- er, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Em- mert in Martinsburg, in the county of Berkeley, State of West Virginia, on the 8th day of January, 1917, be- tween the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be com- pleted on said days, the same will be adjourned from time to time, until they are completed. Yours, Etc. H. H. EMMERT, Atty. for John L. Proctor, Receiv- er of the First National Bank of As- pinwall. 12 13 1t wk. 4 wk.

9. December 29, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 29, 1916

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Article Text

# JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaitiff. vs Bull Run Orchard Co., a corporation Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To Bull Run Orchard Company, a corporation: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Pennsylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and further, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Emmert in Martinsburg, in the county of Berkeley, State of West Virginia, on the 8th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be completed on said days, the same will be adjourned from time to time, until they are completed. Yours, etc., H. H. EMMERT, Atty. for John L. Proctor, Recelv-er of the First National Bank of Aspinwall. 12 13 1t wk 4 wks.

10. January 2, 1917 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, January 2, 1917

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Article Text

JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaintiff. VS Bull Run Orchard Co., a corporation Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To Bull Run Orchard Company, a corporation: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Penn- sylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and further, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Emmert in Mar- tinsburg, in the county of Berkeley, State of West Virginia, on the 8th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be com- pleted on said days, the same will be adjourned from time to time, un- til they are completed. Yours, etc.

11. January 6, 1917 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, January 6, 1917

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Article Text

John L. Proetor, Receiver of The First National Bank of Aspinwall a corproation, plaintiff,

12. July 23, 1918 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, July 23, 1918

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Article Text

# ORDER OF PUBLICATION THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 1st day of July, 1918. Globe Indemnity Company, a corporation organized and doing business under the laws of the State of New York, Plaintiff. vs. Bull Run Orchard Company, a corporation, Merchants & Farmers Bank, a corporation, A. C. Nadenbousch, trustee, Frederick A. Schmucker, successor to John L. Proctor as Receiver of the First National Bank of Aspinwall, Pa., a corporation, D. O. Bartles, Defendants. The object of this suit is to have a convention of the creditors of said Bull Run Orchard Company and that the amounts and priorites of their liens may be established; that A. C. Nadenbousch, trustee, may be required to collect the second deferred payment of purchase money due under the deed of trust mentioned in the bill and pay the liens against said real estate in order of their priority anl for such other relief as the Court may see fit to grant. And affidavit having been made that the said defendants, Bull Run Orchard Company and Frederick A. Schmucker, successor to John L. Proctor, etv., are non-residents of this State, the said defendants are required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect their interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Martinsburg Evening Journal, a newspaper printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 7 9 1twk 4w Tues

13. August 2, 1918 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, August 2, 1918

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Article Text

# ORDER OF PUBLICATION THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 1st day of July, 1918. Globe Indemnity Company, a corporation organized and doing business under the laws of the State of New York, Plaintiff. vs. Bull Run Orchard Company, a corporation, Merchants & Farmers Bank, a corporation, A. C. Nadenbousch, trustee, Frederick A. Schmucker, successor to John L. Proctor as Receiver of the First National Bank of Aspinwall, Pa., a corporation, D. O. Bartles, Defendants. The object of this suit is to have a convention of the creditors of said Bull Run Orchard Company and that the amounts and priorites of their liens may be established; that A. C. Nadenbousch, trustee, may be required to collect the second deferred payment of purchase money due under the deed of trust mentioned in the bill and pay the liens against said real estate in order of their priority anl for such other relief as the Court may see fit to grant. And affidavit having been made that the said defendants, Bull Run Orchard Company and Frederick A. Schmucker, successor to John L. Proctor, etv., are non-residents of this State, the said defendants are required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect their interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Martinsburg Evening Journal, a newspaper printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 7 9 1twk 4w Tues