Farmers National Bank (Bryan, OH)

Episode Information

Episode UID
247401601
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
24740 national
Charter Number
2474
Start Date
May 1, 1933*
Location
Bryan, Ohio (41.475, -84.552)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cc6dd005235ce608

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1934-02-08
Date receivership terminated
1938-12-30
Share of assets assessed as good
51.1%
Share of assets assessed as doubtful
46.8%
Share of assets assessed as worthless
2.2%

Description

Evidence of closure and a receiver is present but articles do not clearly describe a depositor run as the initiating event.

Events (4)

1. April 16, 1880 Chartered
Source
historical_nic
2. May 1, 1933* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank experienced insolvency/trouble leading to closure (described as bank trouble and closure in May 1933 coverage)
Newspaper Excerpt
by that time the Farmers' Bank was closed
Source
newspapers
3. September 7, 1933 Receivership
Newspaper Excerpt
loans authorized ... for the receiver the ... for the Farmers National bank Bryan, which did not ask for the loan after obtaining ... report on approximately $700,000 loans authorized during period July 21, 1932 June 1933, which were withdrawn or ... For the receiver ... of the Farmers National bank Bryan (Sept. (AP) ... )
Source
newspapers
4. February 8, 1934 Receivership
Source
historical_nic

Newspaper Articles (3)

Article from The Bryan Democrat, May 8, 1933

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Article Text

THE UNTRUE RUMOR During our turmoil of our bank uation, there has been great many things said that are not true. Frank Radabaugh was in my employ for 23 years, and know him and know that honest man and when reported that he had transferred his property to his wife to his obligations in the bank indebtedness, knew that was not true and for the great respect have for him took the pains to investigate. The rumor was that he had deeded his home to his wife and given mortgage to his brother. Upon tion found that when they bought the property in which his daughter lives, Mrs. Radabaugh furnished the money that she received from her father's estate, and the deed was to her in November and the same was recognized by H. H. DeMuth, notary public at that time, long before we had any bank trouble. On account of sickness, Mr. Radabaugh had borrowed $400 from the Union Trust Bank, and his brother had sold his property and had plus money and he took the mortup from the bank and still holds Mr. Radabaugh has only five shares of the bank stock, so you see he was not liable in any event for $500 and had no need to transfer his property. to Dr. Lemon's collection, it was check for $400, left at the Union Trust bank to be sent for collection. The Union Trust always sent such collections through the Farmers National Bank of Bryan, the check payable in bank at Columbus, the Columbus bank refused to pay and instead of returning at they held it for number of days and then returned to the Farmers National bank, and by that time the Farmers' Bank was closed and the check is held there and the banking laws will not allow it to be given up until final settlement. so you see Mr. Radabaugh had nothing to do with Binns.


Article from The Akron Beacon Journal, September 7, 1933

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Article Text

FIRMS $74,375,390 Most Of Sum Goes To Receivers Of Cleveland Banks During July Sept. (AP) Loans totaling to Ohio banks bank receivers thorized by the Finance during the corporation thorized as loan for the Farmers National bank Bryan, which did not ask for the loan after obtaining The also issued report on approximately $700,000 loans authorized during period July 21, 1932 June 1933, which were withdrawn or The authorizations during July the following: For the receiver the Union Co., the of the Guardian Trust the Middle Point Co., MidPoint, $2,000; for the bor State Bank Co.,


Article from Bryan Press, June 21, 1934

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Article Text

CALL ON STOCK FOR LIABILITY Receiver in Union Savings Bank Calls on Stock Holders Stockholders in the Union Savings bank have been assessed by banking department for their double liability, as provided by the banking the state, are notified that assessments must be paid by July 14 to avoid interest which will be charged after that date. A dividend of 50 per cent, besides the first division of five per cent has been paid by the bank, but in order to come near paying depositors in full as possible, it has been found necessary to assess the stockholders. in the bank are Olouise Barnes (deceased) 38 shares; R. Dewees Eaton 17; E. Gardner (deceased) 10; W. Long 10; Blanche Morrison 33; W. W. Morrison (deceased) 52; Niederaur 20: W. Radabaugh( deceased) 10; Chas. Wagner 20; Flora Wagner 30 and M. Wertz 240. Shares in the bank had par value of and of the 500 shares sued Mr. Wertz holds nearly onehalf. It is thought at the bank that the assessment will not bring in very large sum but that what can be paid will help toward paying the the bank still owes its depositors. This amount is in addition to due the village which secured. Renters of safety deposit boxes in the bank have been notified to remove their belongings, as the boxs will be disposed of the course of liquidation. Suits by Farmers' Receiver receiver of the FarmNatl. bank has begun suit against Harve Yackee to foreclose mortgage for on 106 acres section 15 Center township. Lavon Yaney has sued Florine Yaney for divorce charging wilful sence. They were married in Bowling Green in 1928.