Corry National Bank (Corry, PA)

Episode Information

Episode UID
56901053
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
5690 national
Charter Number
569
Start Date
September 15, 1887
Location
Corry, Pennsylvania (41.920, -79.640)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f24e37a21c9e4865

Response Measures

None

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%

Description

Article states bank was closed for examination by examiners on Sept 15; no reopening mentioned, so outcome uncertain.

Events (3)

1. November 12, 1864 Chartered
Source
historical_nic
2. September 15, 1887 Suspension
Cause
Government Action
Cause Details
Closed by bank examiners for examination; suspected involvement with Clarke Warner Oil Company ledger assigned to 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)

Article from The Big Sandy News, September 22, 1887

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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.


Article from The Ohio Democrat, September 24, 1887

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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.