Williamstown National Bank - Williamstown, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6233
Charter Number: 6233
Start Date: December 1, 1916
Location: Williamstown, West Virginia (39.401, -81.448)

Metadata

Model: gpt-5-mini
Short Digest: 7a498eeb

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1916-11-23
Date receivership terminated: 1920-01-02
OCC cause of failure: Fraud
Share of assets assessed as good: 64.8%
Share of assets assessed as doubtful: 16.6%
Share of assets assessed as worthless: 18.6%

Description

Article (The West Virginian, 1916-12-01) reports the Williamstown National Bank was recently closed and a receiver (William G. Peterkin) named. Closure attributed to alleged defalcation by cashier George W. Hunter; examiner investigating. No mention of a depositor run.

Events (4)

1. April 29, 1902 Chartered

Source: historical_nic

2. November 23, 1916 Receivership

Source: historical_nic

3. December 1, 1916 Receivership

Newspaper Excerpt: William G. Peterkin, of Parkersburg, has been named as receiver for the Williamstown National Bank and will have active charge of the affairs of that institution. The bank was recently closed owing to the alleged defalcation of the cashier, George W. Hunter, whose whereabouts are still a mystery
Source: newspapers

4. December 1, 1916 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was closed owing to alleged defalcation (embezzlement) by cashier George W. Hunter; affairs under investigation by bank examiner.
Newspaper Excerpt: William G. Peterkin, of Parkersburg, has been named as receiver for the Williamstown National Bank and will have active charge of the affairs of that institution. The bank was recently closed owing to the alleged defalcation of the cashier, George W. Hunter, whose whereabouts are still a mystery
Source: newspapers

Newspaper Articles (1)

1. December 1, 1916 The West Virginian Fairmont, WV

Article from The West Virginian, December 1, 1916

Click image to open full size in new tab

Article Text

BITS OF STATE NEWS Permanent road improvements in many counties of the state have been stopped for the winter. In Kanawha county, all work was suspended last week and the convicts from the state penitentiary were returned to the institution from which they were brought six months ago. The county commissioners have not decided whether the convicts will be employed again next year. The price of this labor has advanced more than 50 per cent. and some of the county officials express the belief that the pay now demanded is too high. William G. Peterkin, of Parkersburg, has been named as receiver for the Williamstown National Bank and will have active charge of the affairs of that institution. The bank was recently closed owing to the alleged defalcation of the cashier, George W. Hunter, whose whereabouts are still a mystery although efforts are being made to locate him. The affairs of the bank are being investigated by Bank Examiner Finney. Through the efforts of the State Humane Society, homes for more than 300 children, most of whom are or. phans, have been found during the Tast year. The live stock industry in West Virginia is gradually growing in importance and it is estimated that twice as much farm land will be cultivated next year as was devoted to agriculture in any former year of the last decade. 1 Fruit raising is also gaining a better foothood in the southern part of the state than ever before. Truck farming is likewise being made profitable near the larger cities. The new gymnasium now being erected at Bethany college will be completed by January 1, it was announced. The building which will cost $40,000. was presented to the college by the Irvin family of Big Run, Pa. Business men of Wheeling and vicinity who received training at the Plattsburg Military training camp are forming a local organization to be known as the Plattsburg Association of Wheeling. The object of the local organization is in keeping with the aims and ideals of the Plattsburg idea and military training will be continued here throughout the winter. The average precipitation of rain in West Virginia during October, sixty r stations reporting, was 2.38 inches, according to a bulletin issued at Parkersburg by Henry C. Rowe. meteorologist for the West Virginia section of the United States Department of Agriculture. The mean temperature for October was 54.1 degrees. Dr. John T. Thornson has resigned