Closed by Bank Examiner Young who found capital and reserve impaired
Newspaper Excerpt
the First National bank of Butler was closed by Bank Examiner Young, who reports that the funds, capital and reserve, are impaired
Source
newspapers
+5 days
3.July 23, 1879Receivership
Newspaper Excerpt
The bank will go into the hands of a receiver. (Comptroller notices published Aug 5, 1879; receiver Henry B. Cullum named in notices.)
Source
newspapers
same day
4.July 23, 1879Receivership
Source
historical_nic
Newspaper Articles (10)
1.July 19, 1879Daily GlobeSaint Paul, MN
Click image to open full size in new tab
Article Text
National Bank in Trouble
PITTSBURGH, July 18.-A special from Butler, Pa., to the Commercial Gazette says that the First National bank of Butler was closed by Bank Examiner Young, who reports that the funds, capital and reserve, are impaired The bank will go into the hands of a receiver.
2.July 19, 1879Wheeling RegisterWheeling, WV
Click image to open full size in new tab
Article Text
Bank Failure
PITTSBURGH, Julv 18.-A special from Butler, Pa., to the Commercial-Gazette says thot the First National bank, of Butler, was closed to-day by BankExaminer Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of 2 receiver.
3.July 19, 1879Chicago Daily TribuneChicago, IL
Click image to open full size in new tab
Article Text
FINANCIAL
Epecial Disputch to The Tribune. FORT WATNE, Ind., July 18.-Ferdinand Fleigner, furniture-dealer, has made an assignment. Liabilities, $0,000; assets, $4,000. PITTEBURG, July 18.-A special from Butler, Pa., to the Commercial-Guzelte says that the First National Bank of Butler was closed to-day by Bank-Examiner Y oung, who reports that he Bude the capital and reserve impaired. The bank will go into the hands of a Receiver.
4.July 23, 1879The Somerset HeraldSomerset, PA
Click image to open full size in new tab
Article Text
The First National Bank of Butler, Pa., Closes its Doors. PITTSBURGH, July 18.-A special from Butler to the Pittsburgh Commercial Gazette says the First National Bank of Butler was closed by Bank Examiner Young, who reports that he finds the capital stock and reserve fund impaired. The bank will go into the hands of a receiver.
5.July 24, 1879The Democratic PressRavenna, OH
Click image to open full size in new tab
Article Text
PITTSBURG, July18-A special from Butler, Penusylvania, to the Commereial Gazette, says that the First National Bank of Butler was closed today by Bank Examiner Young, who reports that he finds the capital and reserve impaired. The bank will go into the hands of a receiver.
6.September 10, 1879Butler CitizenButler, PA
Click image to open full size in new tab
Article Text
Notice
TREASURY DEPARTMENT, Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have claims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disallowed. J. S. LANGWORTHY, Acting Comptroller of the Currency. aug13-3m
7.October 1, 1879Butler CitizenButler, PA
Click image to open full size in new tab
Article Text
Notice
TREASURY DEPARTMENT, } Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have claims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disallowed. J. S. LANGWORTHY, Acting Comptroller of the Currency. aug13-3m
8.October 15, 1879Butler CitizenButler, PA
Click image to open full size in new tab
Article Text
Notice
TREASURY DEPARTMENT, Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have olaims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disallowed. J. S. LANGWORTHY, Acting Comptroller of the Currency. aug13-3m
9.November 5, 1879Butler CitizenButler, PA
Click image to open full size in new tab
Article Text
Notice
TREASURY DEPARTMENT, Office of Comptroller of the Currency, WASHINGTON, Aug. 5, 1879. Notice is hereby given to all persons who may have claims against the First National Bank of Butler, that the same must be presented to Henry B. Cullum, Receiver, at Butler, Pa., with the legal proof thereof, within three months from this date, or they will be disJ. S. LANGWORTHY, allowed. Acting Comptroller of the Currency aug18-3m
10.March 31, 1880Butler CitizenButler, PA
Click image to open full size in new tab
Article Text
Notice
In pursuance of an order of the Court of Common Pleas of Butler county. obtained under the direction of the Comptroller of the Ourrency, notice is hereby given that on the 10th day of April, 1880, at the hour of 10 o'clock. A. M., I will expose ten (10) shares of the capital stock of the German National Bank of Millerstown to public sale, at or in front of said Bank, in the borough of Millerstown, Butler county, Pa.. subject to an assessment of $45 16 per JOHN N. PURVIANCE, share. Receiver of the Firsi National Bank, Butler. Pa. mar31-2t*
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.