First National Bank - Brookville, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 897
Charter Number: 897
Start Date: April 8, 1874
Location: Brookville, Pennsylvania (41.161, -79.083)

Metadata

Model: gpt-5-mini
Short Digest: d315b97d

Response Measures

None

Description

Articles (April 1874) report the First National Bank of Brookville quit business and surrendered its charter and requested note holders to present notes within 60 days. No run is mentioned; closure appears voluntary and not due to the recent panic.

Events (3)

1. March 16, 1865 Chartered

Source: historical_nic

2. March 20, 1874 Voluntary Liquidation

Source: historical_nic

3. April 8, 1874 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank surrendered its charter and quit business; note holders asked to exchange notes within 60 days. Articles state it was not compelled to close by the recent panic.
Newspaper Excerpt: The First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency.
Source: newspapers

Newspaper Articles (3)

1. April 8, 1874 Clearfield Republican Clearfield, PA

Article from Clearfield Republican, April 8, 1874

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Article Text

SURRENDERED.-We learn by the Jeffersonian that the First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say ; but of one thing we are certain, it was not compelled to adopt this course by the late panie. This bank has always been a safe institution, and at no time was there any danger of its having to close.

2. April 15, 1874 The Forest Republican Tionesta, PA

Article from The Forest Republican, April 15, 1874

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Article Text

-The First National bank of Brook. ville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say ; but of one thing we are certain, it was not compelled to adopt this course by the late panic. This bank has always been a safe institution, and at no time was their any danger of its having to close.-Jeffersonian.

3. April 16, 1874 The Elk County Advocate Ridgway, PA

Article from The Elk County Advocate, April 16, 1874

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Article Text

BANK CHARTER SURRENDERED The First National Bank of Brookville has quit business and surrendered its charter. Note holders are requested to send in their notes within the next sixty days and have them replaced with other currency. Exactly what reasons are assigned for this act we are unable to say; but of one thing we are certain, it was not compelled to adopt this course by the late panic.