First National Bank (Lisbon, OH)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
October 22, 1898
Location
Lisbon, Ohio (40.775, -80.763)
Registered Place
New Lisbon
Bank Type
national
Charter Number
2203

Metadata

Receivership Details

Depositor recovery rate
73.0%
Date receivership started
1898-11-03
Date receivership terminated
1903-05-18
OCC cause of failure
Fraud
Share of assets assessed as good
14.4%
Share of assets assessed as doubtful
20.3%
Share of assets assessed as worthless
65.2%

Notes

Some syndicated lists later note a 'resumed on Nov. 15' but contemporaneous Comptroller appointment of a receiver on Nov. 3 indicates closure/receivership.

Events (4)

1. November 7, 1874 Chartered
Source
historical_nic
2. October 22, 1898 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier I. A. Childs absconded; found $60,000 short in accounts and only $9,000 in vaults.
Newspaper Excerpt
As one of the results of the suspension of the First National Bank here
Source
newspapers
3. November 3, 1898 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Isaac B. Cameron receiver of the First National bank of New Lisbon, O.
Source
newspapers
4. November 3, 1898 Receivership
Source
historical_nic

Newspaper Articles (20)

Article from Wheeling Sunday Register, October 23, 1898

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CAUSED AN ASSIGNMENT. Lisbon, Ohio, October 22.-As one of the results of the suspension of the First National Bank here, D. C. Bower & Co., an extensive dry goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.


Article from The Anaconda Standard, October 23, 1898

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Was $60,000 Short. Lisbon, Ohio, Oct. 22.-The national bank examiner has only made a partial inves. tigation of the affairs of the First Na. tional bank, but he finds that I. A. Childs. the absconding cashier, was $00,000 short in his accounts. Only $9,000 in currency was found in the vaults, though there were demand certificates for deposits for $80,000 on the books. To-day as a result of the suspension of the bank, D. C. Bower & Co., dry goods, made an assignment, with liabilities of $15,000.


Article from The Indianapolis Journal, October 23, 1898

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CASHIER SHORT $60,000. Evidence that the First National Bank of Lisbon. O., Was Wrecked. LISBON. O., Oct. 22.-The national bank examiner has only made a partial investigation of the affairs of the First National Pank. but he finds that I. A. Childs, the absconding cashier, was/$60,000 short in his accounts. Only $9,000 in currency was found in the vaults. though there were demand certificates for deposit of $80,000 on the books. To-day. as a result of the suspension of the bank. D. C. Bower & Co.. dry goods. made an assignment with liabilities of $15,000.


Article from The Indianapolis Journal, October 23, 1898

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Result of a Bank Failure. LISBON, O., Oct. 22.-As one of the results of the suspension of the First National Bank here D. C. Bower & Co., an extensive dry-goods firm, made an assignment to-day. The head of the firm was on the bond of J. M. Child, the missing cashier, as treasurer of the city and township.


Article from The Salt Lake Herald, October 23, 1898

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CLEANED OUT THE BANK. Ohio Cashier Is $600,000 Short In His Accounts. Lisbon, O., Oct. 22.-The National bank examiner has only made a partial investigation of the affairs of the First National bank. but he finds that I. A. Childs, the absconding cashier, was $60,000 short in his anccounts. Only 9,000 in currency was found in the vaults, though there were demand certificates for deposits for $80,000 on the books. Today, as a result of the suspension of the bank, D. C. Bower & Co., dry goods, made an assignment with liabilities of $15,000.


Article from The Indianapolis Journal, October 25, 1898

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Business Embarrassments. LISBON, O., Oct. 24.-As a result of the collapse of the First National Bank Alpheus Arter, one of the heaviest depositors, closed his harness manufacturing establishment to-day. About one hundred persons are thrown out of employment. There have been no further developments in the bank's affairs. It is thought the total loss will reach about $150,000. Nothing has been heard of Childs, the missing cashier. MILWAUKEE, Wis., Oct. 24.-Judge Seaman, in the United States Court to-day appointed Herman Erb receiver of the Appleton Water Works Company on a bona of $50,000. The appointment was made on motion of the Central Trust Company, of New York. Default in the interest on bonds was the cause of the proceeding. TURNER'S FALLS, Mass., Oct. 24.-The Marshall Paper Company, manufacturers of tissue and cigarette paper, assigned to-day because of dull trade. Its capital stock is $146,000. NEW YORK, Oct. 24.-Absolom P. Bachman, lumber dealer, has filed a petition in bankruptcy. Liabilities, $68,685.


Article from The Topeka State Journal, November 3, 1898

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National Bank Receiver. Washington, Nov. 3.-The comptroller of the currency has appointed Isaac B. Cameron receiver of the First National bank of New Lisbon, O.


Article from The Denison Review, November 4, 1898

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Appointed Bank Receiver. Washington, Nov. 3.-The controller of the currency has appointed Isaac B. Cameron receiver of the First national bank of New Lisbon at Lisbon, O.


Article from The Weekly Register, November 9, 1898

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A. B. Cameron Appointed. Washington, Nov. 3.-The comptroller of the currency has appointed A. B. Cameron receiver of the First National bank of New Lisbon at Lisbon, O.


Article from Marietta Daily Leader, January 1, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 21-National, Paola, Kan., suspended. 1-First - national, Larimore, N. D., $71,754. Feb. -Bank of Southern Baltimore, $170,000. Mar. 6-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7--Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13--Tioga national, of Oswego, N. Y., closed. 19 -First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000 closed; resumed on Nov. 15. 20-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., susspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Iron County Register, January 5, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. -Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, III $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. -Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. -First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from The Beaver Herald, January 12, 1899

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BANK FAILURES. Jan. 17-State, Elmwood, Ill. $60,000. 21-National, Paola, Kan., suspended. 31 - -First national, Larimore, N. D., $71,754. Feb. 24 Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia. $60.000 Benson savings, Waterford, Pa., $10,000. 24 Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25 Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29 - -Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. :20-Commercialstate, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended) 23 Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia. bank, $65,000. 26 3-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 10 -First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabiliteis, $2,000,000. 21 - -First national, of Lisbon. O., capital $50,000- closed: resumed on Nov. 15. 29 Second national, of Springfield, O., goes into liquidation. Nov. 5 -First national, of Flushing., O., sus pends. -First national, of Emporia, Kan. closed. 28 Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30 Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Evening Star, January 13, 1899

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BANK STOCKHOLDERS ASSESSED. Depositors in Defunet Lisbon, Ohio, Bank Become Anxious. LISBON, Ohio, January 13.-Considerable excitement has been caused here among stockholders of the defunct First National Bank by a notice from the controller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Deseret Evening News, January 13, 1899

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Call on Bank Stockholders. Lisbon. Ohio, Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from The Topeka State Journal, January 13, 1899

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STOCKHOLDERS ASSESSED $100 a Share to Make Good Losses of a National Bank. Lisbon, O., Jan. 13.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit.. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Barton County Democrat, January 13, 1899

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HAPPENINGS OF 1898. A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.


Article from Barre Evening Telegram, January 14, 1899

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Bank stockholders Mulcted. Lisbon. O.. Jan. 14.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by Feb. 9 or the receiver will enter suit.


Article from The Madison Daily Leader, January 14, 1899

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Stockholders Assessed. LISBON, O., Jan. 14.-Considerable excitement has been caused here among stockholders of the defunct First National bank by a notice from the comptroller of the currency, requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by Feb. 9, or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy.


Article from The Wichita Daily Eagle, January 14, 1899

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Stockholders Pay the Freight. Lisbon, Ohio, Jan. 18.-Considerable excitement has been caused here among stockholders of the defunct First National Bank of a notice from the controller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit. Some of the stockholders may be forced into bankruptcy. Depositors are now getting anxious. The most conservative estimates of what the bank will pay depositors is from 50 to 75 per cent.


Article from Perrysburg Journal, January 21, 1899

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Stockholders Must Pay. Lisbon, O., Jan. 14. - Considerable excitement has been caused here among stockholders of the defunct First national bank by a notice from the comptroller of the currency requiring them to pay $100 on every share held by them when the failure occurred. All must be paid in by February 9 or the receiver will enter suit.