Bolivar National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 6135
Charter Number: 6135
Start Date: October 1, 1903
Location: Bolivar, Pennsylvania (40.397, -79.152)

Metadata

Model: gpt-5-mini
Short Digest: 2015c73b

Response Measures

None

Description

The bank suspended payment and was placed in the hands of a receiver on 1903-10-01, and was permitted to resume business as an active national bank on 1906-10-16. No articles mention a depositor run; the suspension appears to be a receivership (government action) followed by reopening.

Events (2)

1. October 1, 1903 Suspension

Cause: Government Action
Cause Details: Suspended payment and was placed in the hands of a receiver (receivership following suspension).
Newspaper Excerpt: suspended payment and was placed in the hands of a receiver on October 1, 1903
Source: newspapers

2. October 16, 1906 Reopening

Newspaper Excerpt: permitted by the Comptroller of the Currency to re-open its doors for business as an active national banking association; permitted to resume business as an active national banking association
Source: newspapers

Newspaper Articles (3)

1. October 16, 1906 The Washington Herald Washington, DC

Article from The Washington Herald, October 16, 1906

Click image to open full size in new tab

Article Text

PERMITS BANKS TO OPEN. Institutions in Bolivar, Pa., and Seda, Kan., Resume Business. The Bolivar National Bank, of Bolivar, Pa., which suspended payment and was placed in the hands of a receiver on October 1, 1903, was yesterday permitted by the Comptroller of the Currency to re= open its doors for business as an active national banking association. The People's National Bank of Seda, Kan., which was declared insolvent and placed in the hands. of a receiver on December 24., 1906, has been restored to solvency and also permitted to resume business to-day as an active national banking association.

2. October 16, 1906 The Bennington Evening Banner Bennington, VT

Article from The Bennington Evening Banner, October 16, 1906

Click image to open full size in new tab

Article Text

Bolivar National Bank Reopens. WASHINGTON, Oct. 16.-The Bolivar National bank at Bolivar, Pa., which suspended payment and was placed in the hands of a receiver, has been permitted to resume business as an active national banking association.

3. October 20, 1906 Martinsburg Herald Martinsburg, WV

Article from Martinsburg Herald, October 20, 1906

Click image to open full size in new tab

Article Text

Bolivar National Bank Reopens. WASHINGTON, Oct. 16.-The Bolivar National bank at Bolivar, Pa., which suspended payment and was placed in the hands of a receiver. has been permitted to resume business as an active national banking association.