First National Bank (Orrville, OH)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
September 27, 1905
Location
Orrville, Ohio (40.844, -81.764)
Bank Type
national
Charter Number
6379

Metadata

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
78.0%
Date receivership started
1905-09-27
Date receivership terminated
1907-09-24
OCC cause of failure
Excessive lending
Share of assets assessed as good
20.4%
Share of assets assessed as doubtful
61.8%
Share of assets assessed as worthless
17.8%

Events (5)

1. August 14, 1902 Chartered
Source
historical_nic
2. September 27, 1905 Run
Cause Details
Continuous run on the bank mentioned in reports; immediate trigger not specified.
Newspaper Excerpt
closed its doors by order of the controller of the currency on account of a continuous, run upon the bank.
Source
newspapers
3. September 27, 1905 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency due to the continuous run; receiver appointed.
Newspaper Excerpt
closed its doors by order of the comptroller of the currency
Source
newspapers
4. September 27, 1905 Receivership
Newspaper Excerpt
George T. Cutts, national bank examiner, has been appointed receiver.
Source
newspapers
5. September 27, 1905 Receivership
Source
historical_nic

Newspaper Articles (13)

Article from Evening Star, September 27, 1905

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Article Text

Orrville, Ohio, Bank Closed. The First National Bank, Orrville, Ohio, today closed its doors by order of the controller of the currency on account of a continuous, run upon the bank. George T. Cutts, national bank examiner, has been appointed receiver.


Article from The Minneapolis Journal, September 27, 1905

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Article Text

OHIO BANK CLOSES DOORS

Washington, Sept. 27.-The First National bank, Orrville, Ohio, today closed its doors by order of the controller of the currency, on account of a continuous run upon the bank.


Article from Santa Fe New Mexican, September 27, 1905

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Article Text

OHIO NATIONAL BANK CLOSES ITS DOORS

Washington, Sept. 27.-The First National Bank of Orrville, Ohio, closed its doors today by order of the comptroller of the currency, on account of a continuous run. George T. Cutts, national bank examiner, was appointed receiver.


Article from The Roswell Daily Record, September 27, 1905

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Article Text

National Bank Closed

Washington, D. C., Sept. 27.-The First National Bank, of Orrville, O., closed its doors today by order of the comptroller of the currency, on account of a continuous run. George T. Cutts, national bank examiner, was appointed receiver.


Article from The Topeka State Journal, September 27, 1905

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Article Text

First National of Orrville Closes

Washington, Sept. 27.-The First National bank of Orrville, Ohio, today closed its doors by order of the comptroller of the currency, on account of a run on the bank. Geo. T. Cutts, national bank examiner, has been appointed receiver.


Article from Bismarck Daily Tribune, September 28, 1905

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Article Text

CLOSED BY COMPTROLLER

I First National Bank of Orrville, O., Suspends Business. Washington, Sept. 28.-The First National bank of Orrville, O., has closed its doors by order of the comptroller of the currency on account of a continuous run upon the bank. George T. Cutts, national bank examiner, has been appointed receiver.


Article from The Bemidji Daily Pioneer, September 28, 1905

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Article Text

CLOSED BY COMPTROLLER

First National, Bank of Orrville, O., Suspends Business. Washington, Sept. 28.-The First National bank of Orrville, O., has closed its doors by order of the comptroller of the currency on account of a continuous run upon the bank. George T. Cutts, national bank examiner. has been appointed receiver.


Article from Rock Island Argus, September 28, 1905

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Article Text

Run Closes Bank

Washington, Sept. 27.-The First National bank of Orrville, Ohio, has closed its doors by order of the controller on account of a continuous run on the bank.


Article from The Daily Ardmoreite, September 28, 1905

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Article Text

Ohio Bank Closed

Washington, Sept: 27.-The First National Bank of Orrville, Ohio today closed its doors by order of the comptroller of the currency. A National bank examiner has been appointed recelver.


Article from The St. Louis Republic, September 28, 1905

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Article Text

OHIO NATIONAL BANK CLOSES

Orrville Institution Shut Up Because of Long Run. Washington, Sept. 27.-The First National Bank. Orrville. O., to-day closed Its doors by order of the Comptroller of the Currency. on account of a continuous run on the bank. George T. Cutta, national bank examincr. - been assointed reselver.


Article from Bisbee Daily Review, September 28, 1905

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Article Text

ANOTHER NATIONAL BANK FORCED TO CLOSE

Washington, Sept. 27.-The First National Bank of Orrville, O., closed its doors today by order of the comptroller of currency, on account of a continuous run.


Article from The Norfolk Weekly News-Journal, September 29, 1905

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Article Text

Ohio Bank's Doors Closed

Washington, Sept. 28.-The First National bank of Orrville, O., closed its doors by order of the comptroller of the currency, on account of a continuous run on the bank. George T. Cutts, national bank examiner, has been appointed receiver.


Article from The Miller Sun, October 4, 1905

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Article Text

Closed Because of a Long Run. The First National Bank of Orrville, O., Wednesday closed its doors by order of the comptroller of the currency on account of a continuous run upon the bank.