21759. Bank of the Valley in Virginia (Richmond, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 10, 1868
Location
Richmond, Virginia (37.554, -77.460)

Metadata

Model
gpt-5-mini
Short Digest
7f691a1c

Response Measures

None

Description

Multiple legal notices show the Bank of the Valley in Virginia placed in the hands of a court-appointed receiver (H. G. Fant) following a decree (deed of assignment dated 1866 declared valid June 10, 1868). This indicates the bank was in receivership/being wound up rather than experiencing a depositor run. A public sale of bank lands was ordered for Sept 19, 1868. OCR dates vary (one notice has Jan 7, 1869) but core court notices are dated June 12, 1868. Cause of closure appears to be enforcement of a deed of assignment (voluntary assignment) and court receivership; because the materials emphasize assignment and receivership, I classify the episode as a suspension leading to permanent closure. Bank type not specified in texts; not clearly a National/State/Trust institution.

Events (3)
1. June 10, 1868 Other
Newspaper Excerpt
decree of the Circuit Court of the United States ... rendered in the city of Richmond, on the 10th day of June, 1868, ... the deed of assignment, executed by the President and Directors of the Bank of the Valley in Virginia, on the 16th day of March, 1866, was held and declared valid.
Source
newspapers
2. June 12, 1868 Receivership
Newspaper Excerpt
RICHMOND, June 12, 1868. ALL CREDITORS OF THE BANK of the Valley in Virginia are hereby notified to file their claims with the undersigned, Receiver; ... H. G. FANT, Receiver. June 25, 1868-law3m.
Source
newspapers
3. September 19, 1868 Other
Newspaper Excerpt
public auction on the 19th day of Sept., 1868 ... lands belonging to Bank of the Valley in Virginia, will be sold ... HAMILTON G. FANT, Receiver, Bank of the Valley in Va. Richmond, Va.
Source
newspapers

Newspaper Articles (10)
1. January 15, 1868 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, January 15, 1868

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Article Text

RI CHMOND, Va., January 7, 1869. NOTICE IS HEREBY GIVEN THAT appointed by the Circuit Court of the United States for the District of Virginia receiver in the case of the Merchants National Bank of Baltimore et al. 08. the Bank of the Valley in Virginia. Debtors of the said Valley Bank are notifed to pay their obligations to the undersigned, and creditors are requested to file their claims with him as early as practicable, as per order of the court. H.G. FANT, Receiver. Richmond, Va. ja 15-3t

2. July 2, 1868 Virginia Free Press Charles Town, WV
Article from Virginia Free Press, July 2, 1868

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Article Text

# NOTICE To the Debtors of the Bank of the Valley residing in West Virginia. By a decree of the Circuit Court of the United States for the district of Virginia, rendered in the city of Richmond, on the 10th day of June, 1868, (Chief Justice Chase presiding,) the deed of assignment, executed by the President and Directors of the Bank of the Valley in Virginia, on the 16th day of March, 1866, was held and declared valid. The trustee created by said deed of assignment was removed and H. G. FANT substituted in his place, as trustee and receiver of the Court, to collect and distribute the assetts in accordance with certain provisions of said trust, and under the supervision of the Court. The notes due the various branches of the Bank of the Valley, in West Virginia, and all the assetts of said Bank in this State, have been placed by the receiver in my hands for collection, and my instructions are, to proceed without delay to close the affairs of that corporation in West Virginia. I am authorized to receive the circulating notes of the Bank of the Valley at par, for the debts due to said Bank, in all cases in which it can be shown to my satisfaction, that the debtors were the owners of said circulating notes, on or before the 16th day of March, 1866, the date of said assignment. The circulating notes acquired by the debtor since the 16th day of March, 1866, will be received by me at their market value in payment of debts due to the Bank. Before proceedings are commenced under this decree of the Circuit Court of the United States, I am authorized to receive one fourth in cash, and to give a credit at three, four and six months for the residue, the deferred payment to be satisfactorily endorsed. After proceedings have been commenced against the debtors no proposition for a compromise will be entertained. In all cases where satisfactory arrangements shall not be made before the 1st of August next, the notes will be placed in the course of collection by due process of Law. CHAS. J. FAULKNER, Counsel and Attorney at Law Of H. G. FANT, Receiver of the July 2, 1868-4t. Bank of the Valley.

3. July 2, 1868 Virginia Free Press Charles Town, WV
Article from Virginia Free Press, July 2, 1868

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Article Text

RECEIVER'S NOTICE. RICHMOND, June 12, 1868. LL CREDITORS OF THE BANK OF THE VALLEY IN VIRGINIA are hereby notified to file their claims with the undersigned. Receiver; or with J. S. Carson, Master, at Winchester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October. 1868. And notice is further given, by order of the Circuit Court of the United States, for the District of Virginia, in Equity, in the cause of the Merchants National Bank, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund then in the hands of the Receiver. in money, to be fully and finally divided among such creditors as shall file and prove their claims, as aforesaid, before the said first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and distributed. H. G. FANT, Receiver. June 25, 1808-law3m.

4. July 7, 1868 Staunton Spectator Staunton, VA
Article from Staunton Spectator, July 7, 1868

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Article Text

Legal Notices. RICHMOND, June 12, 1868. LL CREDITORS OF THE BANK of the Valley in Virginia are hereby notified to file their claims with the undersigned, Receiver; or with J. S. Carson, Master, at Winchester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October, 1868. And notice is further given, by order of the Circuit Court of the United States, for the District of Virginia, in Equity, in the cause of the Merchants National Band, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund then in the hands of the Receiver, in money, to be fully and finally divided among such creditors as shall file and prove their claims, as aforesaid, before the first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and distributed. H. G. FANT, je30-1aw3m Receiver.

5. July 9, 1868 Virginia Free Press Charles Town, WV
Article from Virginia Free Press, July 9, 1868

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Article Text

NOTICE To the Debtors of the Bank of the Valley residing in West Virginia. a decree of the Circuit Court of the Uninited States for the district of Virginia, renBY dered in the city of Richmond, on the 10th day of June, 1868, (Chief Justice Chase presiding,) the deed of ässignment, executed by the President and Directors of the Bank of the Valley in Virginia, on the 16th day of March, 1866, was held and declared valid. The trustee created by said deed of assignment was removed and H. G. FANT substituted in his place, as trustee and receiver of the Court, to collect and distribute the assetts in accordance with certain provisions of said trust, and under the supervision of the Court. The notes due the various branches of the Bank of the Valley, in West Virginia, and all the assetts of said Bank in this State, have been placed by the receiver in my hands for collection, and my instructions are, to proceed without delay to close the affairs of that corporation in West Virginia. I am authorized to receive the circulating notes of the Bank of the Valley at par, for the debts due to said Bank, in all cases in which it can be shown to my satisfaction, that the debtors were the owners of said circulating notes, on or before the 16th day of March, 1866, the date of said assignment. The circulating notes acquired by the debtor since the 16th day of March, 1866, will be received by me at their market value in payment of debts due to the Bank. Before proceedings are commenced under this decree of the Circuit Court of the United States, I am authorized to receive one-fourth in cash, and to give a credit at three, four and six months for the residue, the deferred payment to be satisfactorily endorsed. After proceedings have been commenced against the debtors no proposition for a compromise will be entertained. In all cases where satisfactory arrangements shall not be made before the 1st of August next, the notes will be placed in the course of collection by due procèss of Law. CHAS. J. FAULKNER, Counsel and Attorney at Law Of H. G. FANT, Receiver of the Bank of the Valley. July 2, 1868-4t.

6. July 9, 1868 Virginia Free Press Charles Town, WV
Article from Virginia Free Press, July 9, 1868

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Article Text

RICHMOND, June 12, 1868. # ALL CREDITORS OF THE BANK OF THE VALLEY IN VIRGINIA ALL CREDITORS OF THE BANK OF THE VALLEY IN VIRGINIA are hereby notified to file their claims with the undersigned, Receiver; or with J. S. Carson, Master, at Winchester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October. 1868. And notice is further given, by order of the Circuit Court of the United States, for the District of Virginia, in Equity, in the cause of the Merchants National Bank, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund then in the hands of the Receiver, in money, to be fully and finally divided among such creditors as shall file and prove their claims, as aforesaid, before the said first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and distributed. H. G. FANT, Receiver. June 25, 1868-law3m.

7. July 14, 1868 Staunton Spectator Staunton, VA
Article from Staunton Spectator, July 14, 1868

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Article Text

Legal Notices. RICHMOND, June 12, 1868. ALL CREDITORS OF THE BANK of the Valley in Virginia are hereby noti- fied to file their claims with the undersigned, Re- ceiver; or with J. S. Carson, Master, at Win- chester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October, 1868. And notice is further given, by order of the Circuit Court of the United States, for the Dis- trict of Virginia, in Equity, in the cause of the Merchants National Band, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund then in the hands of the Receiver, in money, to be fully and finally divid- ed among such creditors as shall file and prove their claims, as aforesaid, before the first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and dis- tributed. H. G. FANT, Receiver. je30-1aw3m Commissioner's Office, MONTEREY, Va., June 25th, 1868. To Nathan Winer, William Botkin and Simon Smith: You are hereby notified that I have fixed upon the 24th day of July next, at my office in Mon- terey, to execute a decree of the Circuit Court of Highland county, rendered on the day of April 1868, in a suit in Chancery depending in said Court between Nathan Winer, Plaintiff, and Wm. Botkin and Simon Smith, defendants, re- quiring me "to ascertain and report whether the $300 in the bill mentioned has been paid by said Smith to said Botkin or not, and whether the consideration was Confederate money, then re- port its true value. Also report whether the said Botkin can make a good title to the property in question or not, if not why," at which time and place you are required to attend. Given under my hand as Commissioner in Chancery of said Court the day and year first aforesaid. OSBORNE WILSON. june 30-4w NOTICE.-My accounts are now ready up to the first of May, and ALL indebted to me are requested to make prompt payment. I MUST have money, and trust that this call will be sufficient. R. C. LOGAN. Fishersville, May 26th, 1868-1f

8. August 11, 1868 Staunton Spectator Staunton, VA
Article from Staunton Spectator, August 11, 1868

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Article Text

Richmond, June 12, 1868. LL CREDITORS OF THE BANK of the Valley in Virginia are hereby notiA fied to file their claims with the undersigned, Receiver; or with J. S. Carson, Master, at Winchester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October, 1868. And notice is further given, by order of the Circuit Court of the United States, for the District of Virginia, in Equity, in the cause of the Merchants National Band, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund then in the hands of the Receiver, in money, to be fully and finally divided among such creditors as shall file and prove their claims, as aforesaid, before the first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and distributed. H. G. FANT, Receiver. je30-1aw3m OTICE.-My accounts are now ready up to the first of May, and ALL indebted to N me are requested to make prompt payment. I MUST have money, and trust that this call will R. C. LOGAN. be sufficient. Fishersville, May 26th, 1868-tf

9. August 18, 1868 Staunton Spectator Staunton, VA
Article from Staunton Spectator, August 18, 1868

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# NOTICE TO TRESPASSERS. ALL persons are hereby forbidden to trespass on my lards by hunting, fishing or otherwise, as I will enforce the law strictly against them. MARGARET A. CRAWFORD, by H. P. Dickinson, agent. aug4-4t # DISSOLUTION The Co-partnership heretofore existing between A. J. Friou and A. S. Crawford, was dissolved on the 13th day of July, 1868. Co-Partnership. The business formerly conducted by Friou & Crawford will hereafter be carried on under the style and firm of Friou & Moon. We will keep constantly on hand a fresh supply of Confectioneries, Fruits, Oysters, Cheese, Crackers, Sardines, Tobacco, Segars, &c., which we will sell cheap for cash. Our Candies are made by the best manufacturers in the country and are warranted free from poisonous adulterations. We respectfully invite a call from the public at our store on New street, opposite Va. Hotel. A. J. FRIOU, ED. R. MOON. july 21-1m ALL PERSONS having claims against the estate of Robt. Guy, deceased, will report them without delay to the undersigned for adjustment. R. M. GUY, C. T. COCHRAN, administrators. july7-tf Dissolution of Copartnership. The concern of Hoge & Mason was dissolved by mutual consent, taking effect July 1st, 1868. All who are indebted to the concern will please come forward and settle at once. P. B. HOGE. H P. MASON. july 14- Richmond, June 12, 1868. # ALL CREDITORS OF THE BANK of the Valley in Virginia are hereby notified to file their claims with the undersigned, Receiver; or with J. S. Carson, Master, at Winchester; or John Echols, Master, at Staunton; and prove the same, according to law, before the first day of October, 1868, And notice is further given, by order of the Circuit Court of the United States, for the District of Virginia, in Equity, in the cause of the Merchants National Band, et al., vs. the Bank of the Valley in Virginia, et al., that the said Court will, on the first day of November, A. D., 1868, direct the whole fund thon in the hands of the Receiver, in money, to be fully and finally divided among such creditors as shall file and prove their claims, as aforesaid, before the first day of October, 1868; and that all who fail to do so, shall be allowed to participate only in the remaining assets which may thereafter be collected and distributed. H. G. FANT, Receiver. je30-law3m NOTICE. My accounts are now ready up to the first of May, and ALL indebted to me are requested to make prompt payment. I MUST have money, and trust that this call will be sufficient. R. C. LOGAN. Fishersville, May 26th, 1868-tf

10. August 26, 1868 North Iowa Times McGregor, IA
Article from North Iowa Times, August 26, 1868

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Article Text

PUBLIC SALE! Of Valuable Land in Clayton County, Iowa. By order of the Circuit Court of the United States, for the district of Va., the following described lands, situated in Clayton Co., Iowa, belonging to Bank of the Valley in Virgrnia, will be sold at public auction on the 19th day of Sept., 1868, at 1 o'clock P. M. in front of the Washington House, in the town of Gut tenberg, Clayton Co., "Iowa. To Wit N°W 1/4, Sec35, T. 92, North Range 3 West ot the 3 principal Meridian, Containing 160 acres. TERMS. One-third cash on day of sale, and the residne in Six, Nine, ane 12 Months, with interest. from day of sale. The deferred payments to be secured by Deed of Trust, or Mortgage HAMILTON G. FANT. Receiver, Bank of the Valley in Va. Richmond, Va.