15094. State Bank (Fillmore, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 24, 1920
Location
Fillmore, New York (42.466, -78.115)

Metadata

Model
gpt-5-mini
Short Digest
935d4130

Response Measures

None

Description

Articles (late Nov 1920) report disappearance of president C.J. Howden and alleged looting/defalcation (~$50–60k). The State Bank of Fillmore was examined, temporarily closed/affected, but was reopened under Charles E. Haines. No run on the bank is described in the pieces, so this is classified as a suspension (temporary closure) followed by reopening due to bank-specific embezzlement.

Events (2)

1. November 24, 1920 Reopening
Newspaper Excerpt
The State Bank of Fillmore will be able to survive its difficulties... The bank was reopened today under the presidency of Charles E. Haines, chairman of the board of directors.
Source
newspapers
2. November 24, 1920 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged looting/defalcation by president C. J. Howden who fled with about $50,000–$60,000, prompting examiners and the bank's closing.
Newspaper Excerpt
the disappearance of C. J. Howden, president, and the discovery of an alleged shortage of $50,000.
Source
newspapers

Newspaper Articles (4)

Article from Evening Public Ledger, November 24, 1920

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Article Text

RUSHFORD, N.Y., BANK FAILS Alleged Looting of Funds Causes Financial Crash Belfast, N. Y., Nov. 24.-(By A. P.) -Failure of the Rushford Bank. at Rushford, N. Y., was announced today as the result of the alleged looting of its funds by Carl J. Howden. who is alleged to have fled with $60,000 of the State Bank of Fillmore, of which he had been president for many years. Failure of the bank at Rushford involves a loss of about $80,000. The Rushford Bank was a privately owned institution. run under a copartnership arrangement between Howden and Lucien Hardy, of Rushford. This morning Hardy announced that a superficial examination of the bank's accounts indicated that its funds had been very largely swept away. The closing of the bank was announced at once and Hardy said he proposed asking for a receiver. The State Bank of Fillmore will be able to survive its difficulties, it was declared. The bank was reopened today under the presidency of Charles E. Haines, chairman of the board of directors.


Article from Evening Star, November 24, 1920

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Article Text

www w Alleged Defalcation Announced as the Cause. BELFAST, N. Y.. November 24.Failure of the Rushford Bank at Rushford. N. Y.. was announced today as the result of the alleged looting of its funds by Carl J. Howden, who is alleged to have fied with $60.000 of the State Bank of Fillmore, of which he had been president for many years. Failure of the bank at Rushford involves-a loss of about $80,000. The Rushford Bank was a privately owned institution, run under a co-partnership arrangement between Howden and Lucien Hardy of Rushford. This morning Hardy announced that a superficial examination of the bank's accounts indicated that its funds had been very largely swept away. The closing of the bank was announced at once, and Hardy said he proposed asking for a receiver. The State Bank of Fillmore will be able to survive its difficulties, it was declared. The bank was reopened today, under the presidency of Charles E. Haines, chairman of the board of directors. HONOR TO MISSROARDMAN


Article from The New York Herald, November 25, 1920

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Article Text

PRIVATE BANK FAILS; LOOTING IS ALLEGED Owners of Rushford, N. Y., Concern to Ask Receiver. BELFAST. N. Y., Nov. 24.-Failure of the Rushford Bank at Rushford, N. Y., was announced this morning às the result of the alleged looting of its funds by Carl J. Howden, who is said to have iled Sunday with $60,000 from the State Bank of Flilmore, of which he had been president for many years. Failure of the bank at Rushford involves a loss of about $80,000. The Rushford Bank was a privately owned institution, run under a copartnership arrangement between Howden and Lucien Hardy of Rushford. This morning Hardy announced that a superficial examination of the bank's accounts indicated that its funds had been largely swept away. The closing of the bank was announced at once, and Hardy said he proposed asking for a receiver. The State Bank of Fillmore will be able to survive its difficulties, It was declared this morning. The bank was reopened to-day, under the presidency of Charles E. Haines, chairman of the Board of Directors.


Article from Iron County News, December 4, 1920

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Article Text

Three armed thugs clubbed the night watchman of a motor taxicab service In East Sixty-fourth street at New York, and after binding and blindfolding him. blew the office safe and made their escape with $51,000. Price reductions of approximately 83 1-3 per cent on window shades were announced by the Columbia Mills. Inc., of New York, the largest manufacturers in that industry in the country. Return of steel prices to the base established by the United States industrial board March 21, 1919, developed at Pittsburgh, Pa., when the Jones & Laughlin Steel company adopted new selling rates, The body of Curley McKelvey, a negro, brother of Ophelous McKelvey, who shot and killed James E. Adams of Worth county, was found hanging from a tree at Dewitt, Ga. Three bank examiners are working on the books of the State bank of Fillmore, N. Y., following the disappearance of C. J. Howden, president, and the discovery of an alleged shortage of $50,000. Lack of demand for cotton oil and meal is given by officers of the Buckeye Cotton on company at Memphis Tenn., as the cause for the closing down of its plant there. About 500 men are thrown out of work. A Minneapolis (Minn.) dispatch says that two more banks in North Dakota suspended business during the past week. making a total of 15 financial institutions which have so far closed their doors in that state. Walter Henry and Leonard Olson were killed and Eugene Henry seriously injured when their automobile was struck by a passenger train at a crossing near Kewanee, III. The CP * was dragged 800 feet. Six men were burned to death in a fire at the Parish mine of the Railway Fuel company, nine miles south of Jasper. Ala., following a gas explosion. Ten others were injured. six of them seriously, and four of them died later. Bonus checks aggregating more than $7,000,000 for employees of the Ford Motor company are now being write ten and their distribution will start January 1 next according to announcement at Detroit. Mich. The house of bishops of the Methedist Episcopal church, in session at Atlantic City, N. J., decided to formally withdraw from the Interchurch world movement. Mrs. Julia Drewrey thirty-five years old. was shot and killed in her home at Carlisle. Pa. The district attorney is holding two soldiers from the field service school there. on suspicion. A state bank at A herton. Mo., was held up and robbed of all its available cash, according to telephone advices.