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 UID
56901053- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
5690national - 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)
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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.