Article Text
National Bank Closed. CORRY, PA., Sept. 15.-The National Bank of this city is closed for examination by the Bank Examiners. It is supposed to be involved in the affairs of the Clarke Warner Oil Company, which assigned to the cashier.
Corry National Bank (Corry, PA)
Episode Information
- Episode Type
- Suspension → Reopening
- Start Date
- September 15, 1887
- Location
- Corry, Pennsylvania (41.920, -79.640)
- Bank Type
- national
- Charter Number
- 569
Metadata
Receivership Details
- Depositor recovery rate
- 80.5%
- Date receivership started
- 1891-11-21
- Date receivership terminated
- 1896-10-16
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 66.7%
- Share of assets assessed as doubtful
- 23.7%
- Share of assets assessed as worthless
- 9.6%
Notes
Article refers to 'The National Bank of this city' without the full corporate name; outcome after examination not reported.
Events (3)
1.
November 12, 1864
Chartered
- Source
- historical_nic
2.
September 15, 1887
Suspension
- Cause
- Government Action
- Cause Details
- Closed for examination by bank examiners; alleged involvement with Clarke Warner Oil Company which assigned to the cashier.
- Newspaper Excerpt
- The National Bank of this city is closed for examination by the Bank Examiners.
- Source
- newspapers
3.
November 21, 1891
Receivership
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
National Bank Closed. CORRY, PA., Sept. 15.-The National Bank of this city is closed for examination by the Bank Examiners. It is supposed to be involved in the affairs of the Clarke Warner Oil Company, which assigned to the cashier.