6132. First National Bank (New Albany, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
701
Charter Number
701
Start Date
October 23, 1897
Location
New Albany, Indiana (38.286, -85.824)

Metadata

Model
gpt-5-mini
Short Digest
ea86a8a1

Response Measures

None

Description

Article (1897-10-23) reports the board decided to wind up affairs and retire from business (voluntary winding up). A later article (1900-04-04) shows a receiver (Columbia Financial Trust Company, of New Albany) acting as receiver of the First National Bank of New Albany, indicating the bank remained closed and entered receivership. No run is described in the articles.

Events (4)

1. January 11, 1865 Chartered
Source
historical_nic
2. October 23, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors decided to wind up affairs and retire from business (voluntary winding up).
Newspaper Excerpt
The board of directors of the First national bank at New Albany, Ind., have decided to wind up the affairs of the bank and retire from business.
Source
newspapers
3. October 26, 1897 Voluntary Liquidation
Source
historical_nic
4. April 4, 1900 Receivership
Newspaper Excerpt
the Columbia Financial Trust Company, of New Albany, receiver of the First National Bank of New Albany, which held $30,000 against the Premier company
Source
newspapers

Newspaper Articles (2)

Article from Perrysburg Journal, October 23, 1897

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Article Text

the Burlington road White caps attacked the home of Dot Price, a negro living near Milan, Tex. and Price killed one of the attackers and fatally wounded four others. In Pittsburgh, Pa., window glass manufacturers organized a trust which includes all the large works in the country. The Sons of the American Revolutions and the Sons of the Revolution have united under the name of the of "Society Judge Wells, of American of the Revolution." Kansas decision court appeals, has rendered a which makes the eight-hour law in Kansas a dead letter. Mrs. Archibald O'Neill and daughter were thrown by a runaway team into the lake at Fallsburg, N. Y., and were drowned. Secretary Sherman has replied to Britain's note expressing astonishment at her refusal to participate in the Behring sea conference. Col. C. C. Horton, of Muscatine, has been elected commander of the Iowa soldiers' home at Marshalltown. It is said that the great Yukon valley, with its wealth of gold, will be made separate territory under the name of Lincoln. The Holman friction-genred locomotive in a trial on the South Jersey railroad at Cape May made a mile in 44 3-5 seconds on the first trial and a mile in 42 seconds in a second spurt. J.A. Shelton's livery barn was burned at Manilla, Ind., and ten horses were cremated. Lee Bottom, a Denver fireman. was thrown from a steamer and killed, and W. H. Morley was fatally injured. Mrs. John A. Logan opened the woman's congress at Knoxville, Tenn. Seven four-story wooden dry houses containing 3,000,000 pounds of tobacco and eight dwellings were burned at Durham, N. C., the total loss being $250,000. The board of directors of the First national bank at New Albany, Ind., have decided to wind up the affairs of the bank and retire from business. Peter Maher has issued a challenge from Pittsburgh to James J. Corbett to fight for the heavyweight championship of the world. The first Pythian home in the world was dedicated at Springfield, O. President McKinley has accepted the resignation of Justice Stephen J. Field of the supreme court, to take effect December 1 next. Col. J. T. Scharf, Chinese inspector at New York, has sent in his resignation, declaring that the Chinese exclusion act is a farce. Mr. John A. Kasson. formerly member of the house of representatives from Iowa and ex-minister to Austria, has been appointed a special agent by the president for the negotiation of reciprocity arrangements under the Dingley tariff law. Gov. McCord, of Arizona. in his annual report makes a strong plea for the admission of the territory to statehood. Charles W. Thebo. of Kalispel. Mont. just returned from Alaska. says there is $10,000,000 in gold dust in the hands of Klondike miners. Matthew Rogers. a grocer. and Mrs. Ida Wright. his mistress. were found dead in the Rogers house at Baltimore, Md. Both had been shot. The exchanges at the !ending clearing houses in the United States during the week ended on the 15th aggregated $1,307,907,189. against $1,598,640,436 previous week. The increase compared with the corresponding week of 1896 was 32.0. There were 223 business failures in the United States in the seven days ended on the 15th. against 123 the week previous and 328 in the corresponding period of 1896. The regular session of the cabinet was devoted mostly to a discussion of the financial operations of the government. The greater part of the business portion of Wataga. Ill., was destroyed by an incendiary fire. Adam Huffman. one of the largest landowners in Indiana. was murdered near Brimfield by burglars and his hired man was fatally hurt. Intense heat in Chicago caused the death of George Means. a laborer. and three other persons were prostrated. At Logansport. Ind.. Charles Ward shot Laura Bopp fatally and then shot himself through the heart. Mrs. Mollie Deprister wassaid to have been murdered and burned by her husband at Canton. O. Douglass Bolte (colored) was lynched t a small settlement on Bayou Barataria. La., for running the quarantine gantlet. Chauncey M. Depew delivered the oration at the unveiling of the statue of Commodore Vanderbilt at Vanderbilt university in Nashville, Tenn.


Article from The Indianapolis Journal, April 4, 1900

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Article Text

THEY WANT THEIR SHARE PETITIONS FILED IN PREMIER STEEL COMPANY RECEIVERSHIP. Claimants Who Want a Distribution of Money in Receiver's HandsNews of the Courts. There were a number of intervening petitions filed in the receivership of the Premier Steel Company in the Circuit Court yesterday for a division of the distribution of the $120,000 now in the receiver's hands. The petitioners and their claims are the Columbia Financial Trust Company, of New Albany, receiver of the First National Bank of New Albany, which held $30,000 against the Premier company; the Merchants' National Bank of New Albany, $10,000; Charles A. Culbertson, $15,000; Chemical National Bank of New York city, $25,000; George R. Hull & Co., $1,374.57; John T. Stout, $5,000; First National Bank of Jeffersonville, $5,000; Iron Bank of Jackson, O., $5,000; First National Bank of Troy, O., $5,000; Dayton National Bank, Dayton, O., $5,000; Union County National Bank of Liberty, Ind., $5,000; National Carbon Company of Cleveland, O., $50. All the petitioners assert that they were not aware that a mortgage was about to be placed on the plant when they loaned the money, and that had they known of that condition they would not have made the loans. They charge fraud in misrepresenting the true condition, and allege that it was for the purpose of securing money when the company knew it was insolvent.