14837. Amherst Savings & Banking Company (Amherst, OH)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 1, 1931*
Location
Amherst, Ohio (41.398, -82.222)

Metadata

Model
gpt-5-mini
Short Digest
23c9dfcce0343b40

Response Measures

None

Description

Articles report the Amherst Savings & Banking Company closed its doors last July (July 1931) and was purchased by a Elyria trust company and will be reopened as a branch. No run or depositor panic is mentioned. OCR minor errors corrected (buyer appears to be Lorain County Savings and Trust Company, Elyria).

Events (2)
1. July 1, 1931* Suspension
Cause Details
Article states the bank closed its doors last July but gives no explicit cause (no run or government action described).
Newspaper Excerpt
which closed Its doors last July.
Source
newspapers
2. August 29, 1931 Reopening
Newspaper Excerpt
his concern had purchased the Amherst Savings and Banking Company... The Amherst bank will be reopened as a branch office.
Source
newspapers

Newspaper Articles (2)
1. August 29, 1931 The Piqua Daily Call Piqua, OH
Article from The Piqua Daily Call, August 29, 1931

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Article Text

BANK PURCHASES INSTITUTION AT ELYRIA ON FRIDAY Elyria, O., Aug. 29, Taylor, president of the Lorain County Savings and Trust Co:nDany of Elyria, today announced that his concern had purchased the Amherst Savings and Banking Company, which closed Its doors last July. Negotiations were completed terday among officials of both banks. The purchase price said to he $300,000. The Amberst bank will be reopened as a branch office.

2. August 29, 1931 The Daily Advocate Greenville, OH
Article from The Daily Advocate, August 29, 1931

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Article Text

TRUST COMPANY AMHERST United Elyria, Taylor, Saving and Trust Company Elyria, today announced that his concern has purchased the Amherst Savings and Banking Company, which closed its doors last July. Negotiations completed yesterday among officials both banks. The price said to be $300,000. The Amherst bank be reopened branch office.