First National Bank (Aspinwall, PA)

View Charter #8824 on SPMC View balance sheet

Episode Information

Episode UID
882401400
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
88240 national
Charter Number
8824
Start Date
August 26, 1916
Location
Aspinwall, Pennsylvania (40.491, -79.905)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2b00f0c5a619c15f

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
81.2%
Date receivership started
1916-09-07
Date receivership terminated
1918-06-29
OCC cause of failure
Losses
Share of assets assessed as good
54.2%
Share of assets assessed as doubtful
25.4%
Share of assets assessed as worthless
20.4%

Description

Run triggered by depositors' reaction to the closing of Central Trust Co.; bank later placed in receivership (legal notices).

Events (6)
1. August 6, 1907 Chartered
Source
historical_nic
2. August 26, 1916 Run
Cause
Local Banks
Cause Details
Depositors withdrew funds after the nearby Central Trust Company closed and many (mistakenly) linked the Aspinwall president to that failure.
Measures
Board meeting; subsequently placed in charge of a national bank examiner.
Newspaper Excerpt
a considerable portion of deposits had been withdrawn by depositors last Saturday... The run... followed the closing of the Central Trust Company
Source
newspapers
3. August 28, 1916 Suspension
Cause
Local Banks
Cause Details
Failed to open following heavy withdrawals triggered by the closing of the Central Trust Company and depositor fears.
Newspaper Excerpt
The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its affairs.
Source
newspapers
4. September 7, 1916 Receivership
Source
historical_nic
5. November 10, 1916 Receivership
Newspaper Excerpt
John L. Proctor, Receiver of The First National Bank of Aspinwall, a corporation, Plaintiff, vs. Bull Run Orchard Company, a corporation, Defendant.
Source
newspapers
6. January 10, 1917 Other
Newspaper Excerpt
Depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall... on the 10th day of January, 1917.
Source
newspapers

Newspaper Articles (12)
1. August 28, 1916 The Detroit Times Detroit, MI
Article from The Detroit Times, August 28, 1916

Click image to open full size in new tab

Article Text

ASPINWALL BANK CLOSES ITS DOORS BY UNITED PRESS PITTSBURGH Pa., Aug. 28.-The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its at fairs. C. O. Spillman. former president of the Central Trust Co., of Pitts burgh. is president of the Aspinwall institution Following the closing of the Central Trust Co. last week. depositors made a small run on the Aspinwall bank on Saturday. The Aspinwall bank had deposits of $125,000, largely savings ac. counts.

2. August 28, 1916 The Detroit Times Detroit, MI
Article from The Detroit Times, August 28, 1916

Click image to open full size in new tab

Article Text

ASPINWALL BANK CLOSES ITS DOORS BY UNITED PRESS. PITTSBURGH, Pa., Aug, 28,-The First National Bank of Aspinwall failed to open its doors today and shortly before noon a national bank examiner was in charge of its af. fairs, C. O. Spillman, former president of the Central Trust Co., of Pitts. burgh, is president of the Aspinwall Institution. Following the closing of the Central Trust Co. last week depositors made a small run on the Aspinwall bank on Saturday The Aspinwall bank had deposits of $125,000, largely savings ac. counts,

3. August 28, 1916 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, August 28, 1916

Click image to open full size in new tab

Article Text

BANK RUN At Aspinwall Results in Placing the Institution in Hands of Examiner. (BY ASSOCIATED PRESS) PITTSBURG, August 28.-The First National Bank of Aspinwall, a suburb, was Monday placed in charge of J. Frank Miller, national bank examiner, after a meeting of the board of directors, at which it was disclosed that a considerable portion of deposits had been withdrawn by depositors last Saturday. The run, it was stated, followed the closing of the Central Trust Company, of Pittsburg, many Aspinwall depositors believing that C. O. Spillman, president of the bank, was also president of the trust company. Mr. Spillman resigned from the trust company in July but the fact was not generally known. The bank had a capital of $25,000 and deposits of about $100,000.

4. November 11, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, November 11, 1916

Click image to open full size in new tab

Article Text

# ORDER OF PUBLICATION. # THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 6th day of November, 1917. John L. Proctor, Receiver of the First National Bank of Aspinwall, a corporation, Plaintiff, vs. Bull Run Orchard Company, a corporation, Defendant. The object of this suit is to obtain a decree fixing the amount of the debt due the complainant against the defendant, and in default of the payment thereof that the property attached in this suit may be sold to satisfy said debt, and for such other relief as may be necessary in the promises. And affidavit having been made that the said defendant, Bull Run Orchard Company, is a non-resident of this State, the said defendant is required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect its interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Evening Journal, a newspaper, printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. II. H. Emmert, Atty. for Plaintiff. 11 10 1twk 4wk Fri

5. December 5, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 5, 1916

Click image to open full size in new tab

Article Text

# ORDER OF PUBLICATION. # THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 6th day of November, 1917. John L. Proctor, Receiver of the First National Bank of Aspinwall, a corporation, Plaintiff, vs. Bull Run Orchard Company, a corporation, Defendant. The object of this suit is to obtain a decree fixing the amount of the debt due the complainant against the defendant, and in default of the payment thereof that the property attached in this suit may be sold to satisfy said debt, and for such other relief as may be necessary in the promises. And affidavit having been made that the said defendant, Bull Run Orchard Company, is a non-resident of this State, the said defendant is required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect its interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Evening Journal, a newspaper, printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 11 10 1twk 4wk Fri

6. December 28, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 28, 1916

Click image to open full size in new tab

Article Text

JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaitiff. VS Bull Run Orchard Co., a corporation Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To Bull Run Orchard Company, a corporation: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Penn- sylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and further, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Emmert in Mar- tinsburg, in the county of Berkeley State of West Virginia, on the 8th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be com- pleted on said days, the same will be adjourned from time to time, un- til they are completed. Yours, etc.

7. December 29, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 29, 1916

Click image to open full size in new tab

Article Text

John L. Proctor, Receiver of The First National Bank of Aspinwall, a corproation, plaintiff, vs. C. O. Spillman, Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To C. O. Spillman: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proc- tor, receiver of the First National Bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Pennsylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and furth- er, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Em- mert in Martinsburg, in the county of Berkeley, State of West Virginia, on the 8th day of January, 1917, be- tween the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be com- pleted on said days, the same will be adjourned from time to time, until they are completed. Yours, Etc. H. H. EMMERT, Atty. for John L. Proctor, Receiv- er of the First National Bank of As- pinwall. 12 13 1t wk. 4 wk.

8. December 29, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 29, 1916

Click image to open full size in new tab

Article Text

# JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaitiff. vs Bull Run Orchard Co., a corporation Defendant. In the Circuit Court of Berkeley County, State of West Virginia. To Bull Run Orchard Company, a corporation: Take notice that the depositions of John L. Proctor, and others, will be taken at the office of John L. Proctor, Receiver of the First National bank of Aspinwall, in Aspinwall, in the county of Allegheny, State of Pennsylvania, on the 10th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., and further, take notice that the depositions of Paul H. Martin, and others, will be taken at the office of H. H. Emmert in Martinsburg, in the county of Berkeley, State of West Virginia, on the 8th day of January, 1917, between the hours of 9:00 A. M. and 6:00 P. M., all of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of the same shall not be commenced, or being commenced, shall not be completed on said days, the same will be adjourned from time to time, until they are completed. Yours, etc., H. H. EMMERT, Atty. for John L. Proctor, Recelv-er of the First National Bank of Aspinwall. 12 13 1t wk 4 wks.

9. December 30, 1916 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, December 30, 1916

Click image to open full size in new tab

Article Text

JOHN L. PROCTOR, Receiver of The First National Bank of Aspinwall, a corporation, Plaintiff.

10. January 17, 1917 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, January 17, 1917

Click image to open full size in new tab

Article Text

# TRUSTEE'S SALE -OF- VALUABLE REAL ESTATE By virtue of the authority vested in the undersgined Trustee by a certain dead-of-trust made by P. Howard Barbekenn, et al, anted the 2nd day of October, 1914, aad of record in the office of the Clerk of the County Court of Berkeley County, West Virginia. in Deed-of-Trust Book No Page 112, he will offer for sale at public auction, at the front door of the Court House in Martinsburg, West Virginia, on SATURDAY, JANUARY 13, 1917, Commencing at 1.30 P. M., that certain lot er pareel of real estate, lying and being in Rosemont Addition to the City of Martinsburg. West Virginis, known as Lot No. 17 of Bleek No. 10 of Plat "A" of said Addition, said plat being recorded in the office of the Clerk of the County Court of Berkeley County. West Virginia. in Deed Book No. 128, Page 136-6, which said lot fronts 40 feet on Kentucky avenue, adjoining Lo No 16. and running back 144 feet to an aliey; being the same property conveyed to said P. Howard Barbehenn, et al, by Winnifred C. Kimball and husband, dated the 2nd day of October, 1914, and of record in said Clerk's Office in Deed Book No. 131. Page 161. This property is improved by a TWO-STORY DOUBLE FRAME DWELLING six rooms and bath to ach side-with all modern improvements. TERMS OF SALE-One-third of the purchase money cash in hand on day of sale, the residue in two equal payments of slx and twelve montas: the deferred payments to be evidenced by the promissery, negotiable notes of the purchaser bearing interest from late, and secured by a deed-of-trust on the property sold. H. H. EMMERT, Trustee 12 20 1twk 4wk Wed OHN L. PROCTOR, Receiver of The First National Bank of Aspinall, a corporation, Plaitiff VB ull Run Orchard Co., a corporation Defendant. In the Circul Court of Berkeley County State of West Virginia To Buil Rua Orchard Company. ke notice that the depositions of L. Proctor, and others, will be nat the office of John L. Proctor, of the First National bank in the apnwall, in Aspnwall. in the unty of Allegheny, State of Pennsylvania, on the 10th day 01 January 1917, between the hours of 9:00 A 1 and 6:00 P. M., and further, takice that the depositions of Pau Martin, and others, will be taken the office of H H. Enmert in Martinsburg, in the county of Berkeley State of West Virginia, on the 8th iny of January, 1917, between the hours of 9:00 A M. and 6:00 P M I of said depositions to be read in evidence on the hearing of the above cause in behalf of the plaintiff. If from any cause, the taking of he same shall not be commenced, or being commenced, shall not be completed on said days, the same will be adjourned from time to time, until they are completed. Yours, etc., H. H. EMMURT. Atty. for John L. Proctor, Reselv of the First National Bank of Aspinwall 12 13 1t wk 4 wks

11. July 23, 1918 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, July 23, 1918

Click image to open full size in new tab

Article Text

# ORDER OF PUBLICATION THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 1st day of July, 1918. Globe Indemnity Company, a corporation organized and doing business under the laws of the State of New York, Plaintiff. vs. Bull Run Orchard Company, a corporation, Merchants & Farmers Bank, a corporation, A. C. Nadenbousch, trustee, Frederick A. Schmucker, successor to John L. Proctor as Receiver of the First National Bank of Aspinwall, Pa., a corporation, D. O. Bartles, Defendants. The object of this suit is to have a convention of the creditors of said Bull Run Orchard Company and that the amounts and priorites of their liens may be established; that A. C. Nadenbousch, trustee, may be required to collect the second deferred payment of purchase money due under the deed of trust mentioned in the bill and pay the liens against said real estate in order of their priority anl for such other relief as the Court may see fit to grant. And affidavit having been made that the said defendants, Bull Run Orchard Company and Frederick A. Schmucker, successor to John L. Proctor, etv., are non-residents of this State, the said defendants are required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect their interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Martinsburg Evening Journal, a newspaper printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 7 9 1twk 4w Tues

12. August 2, 1918 Martinsburg W Va Evening Journal Martinsburg, WV
Article from Martinsburg W Va Evening Journal, August 2, 1918

Click image to open full size in new tab

Article Text

# ORDER OF PUBLICATION THE STATE OF WEST VIRGINIA: At rules held in the Clerk's office of the Circuit Court for the County of Berkeley, on Monday, the 1st day of July, 1918. Globe Indemnity Company, a corporation organized and doing business under the laws of the State of New York, Plaintiff. vs. Bull Run Orchard Company, a corporation, Merchants & Farmers Bank, a corporation, A. C. Nadenbousch, trustee, Frederick A. Schmucker, successor to John L. Proctor as Receiver of the First National Bank of Aspinwall, Pa., a corporation, D. O. Bartles, Defendants. The object of this suit is to have a convention of the creditors of said Bull Run Orchard Company and that the amounts and priorites of their liens may be established; that A. C. Nadenbousch, trustee, may be required to collect the second deferred payment of purchase money due under the deed of trust mentioned in the bill and pay the liens against said real estate in order of their priority anl for such other relief as the Court may see fit to grant. And affidavit having been made that the said defendants, Bull Run Orchard Company and Frederick A. Schmucker, successor to John L. Proctor, etv., are non-residents of this State, the said defendants are required to appear within one month after the date of the first publication of this order, in the Clerk's office of our said Court, and do what is necessary to protect their interests. It is ordered that a copy of this order be forthwith published once a week for four consecutive weeks in the Martinsburg Evening Journal, a newspaper printed in the town of Martinsburg, in the County of Berkeley, and be posted at the front door of the Court House of Berkeley County at least twenty days before judgment or decree is rendered. L. DeW. GERHARDT, Clerk. H. H. Emmert, Atty. for Plaintiff. 7 9 1twk 4w Tues