15147. Highland County Bank (Greenfield, OH)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: July 1, 1930*
Location: Greenfield, Ohio (39.352, -83.383)

Metadata

Model: gpt-5-mini
Short Digest: e91282c610ebecf5

Response Measures

None

Description

Newspapers report heavy withdrawals (a run) that depleted reserves and the State Superintendent of Banks closed the Highland County Bank and placed a liquidating agent in charge on July 2, 1930. The bank did not resume business under that name; a new state-chartered bank organized in Greenfield the following year. OCR errors in articles corrected (e.g., 'forto' -> 'forced to').

Events (3)

1. July 1, 1930* Run

Cause: Bank Specific Adverse Info
Cause Details: Steady and especially heavy withdrawals depleted the bank's reserve; bank had frozen assets.
Measures: None reported other than attempts to meet withdrawals; withdrawals continued until supervision intervened.
Newspaper Excerpt: Withdrawal of deposits had been steady some time, and had especially heavy during the last few days, depleting the reserve of the institution.
Source: newspapers

2. July 2, 1930 Receivership

Newspaper Excerpt: He placed Schurr, liquidating agent of his department, in charge of the bank's affairs.
Source: newspapers

3. July 2, 1930 Suspension

Cause: Government Action
Cause Details: State superintendent of banks ordered closure because of frozen assets and depletion of reserves from heavy withdrawals.
Newspaper Excerpt: The Highland County Bank of this city was forced to close its doors today. The closing was ordered by C. Gray, state superintendent of banks at Columbus. He placed Schurr, liquidating agent of his department, in charge of the bank's affair.
Source: newspapers

Newspaper Articles (5)

1. July 2, 1930 The Circleville Herald Circleville, OH

Article from The Circleville Herald, July 2, 1930

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Article Text

FOR FAILURE Gray, State Superintendent of Banks, Takes Over Institution. GREENFIELD, July to heavy withdrawals of deposits and frozen assests, the Highland County Bank of this city was forto close its doors today. The closing was ordered by C. Gray, state superintendent of banks at Columbus. He placed Schurr, liquidating agent of his department, in charge of the bank's affair. Withdrawal of deposits had been steady some time, and had especialy heavy during the last few days, depleting the reserve of the institution. The bank was capitalized $125,000, having resourof approximately $1,400,000. Organized in 1867, the Highland County bank was one of the oldest financial institutions in Ohio.

2. July 2, 1930 The Cincinnati Post Cincinnati, OH

Article from The Cincinnati Post, July 2, 1930

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Article Text

OHIO BANK FAILS Closure at Greenfield Laid to Frozen Assets By Post State COLUMBUS, July 2.-O. C. Gray, state bank closed the Highland County Bank of Greenfield today. The bank was closed account of frozen assets and steady withdrawals for the past few weeks, which depleted the bank's reserve. The Highland County Bank was organized capital stock is $125,000. with resources of $7,400,000. Miller former president, his Wilson Miller presiHyburn cashier The agents Schurr, be in charge of the bank.

3. April 9, 1931 Chillicothe Gazette Chillicothe, OH

Article from Chillicothe Gazette, April 9, 1931

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Article Text

GREENFIELD'S NEW BANK ALMOST READY TO GO GREENFIELD, O., April 9. (AP) Greenfield's new bank will soon be completely organized, and officials say the institution has been assured of receiving a state charter when details have been worked out. Ira J. Fulton, state superintendent of banks, and two of his assistants, were here recently to discuss plans for the new bank. Greenfield has had but one bank since the Highland County bank closed after a heavy run last year. High School Students To Play A Big Part IN OHIO STATE JUNIOR FAIR ACCORDING TO ADVANCE REPORTS AT COLUMBUS COLUMBUS, O., April 9. (AP)Eearly indications are that vocational agriculture students in high schools of the state will play a leading part in the Ohio State Junior Fair to be held August 31 to September next. Approximately 6,000 boys enrolled in 207 high school agricultural departments have been announced as eligible to compete in the vocational agriculture and future farmers of America classes at the fair. Thousands of dollars will be paid out in premiums, it has been announced. As a part of their four-year high school training, many of the boys carry home from the fair projects in the various livestock, poultry and crop enterprises. Many of these get a start with pure-bred livestock and certified seed in their project work. A farm shop class is being added this year where departments may exhibit projects made in the school shop to be used on the home farms. The future farmers of America department will include exhibits by local future farmers chapters. B. P. Sandles, of Columbus, is manager of the junior fair.

4. April 11, 1931 News Journal Wilmington, OH

Article from News Journal, April 11, 1931

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Article Text

GREENFIELD BANK TO GET CHARTER FROM STATE GREENFIELD: April 11-Green field's new bank will soon be completely organized. and officials say the institution has "been assured of receiving a state charter when details have been worked out. Ira J. Fulton| State Superinten dent of Banks, and two of his assistants. were here recently to discuss plans for the new bank. Greenfield has had but one bank since the Highland County Bank closed after heavy run last year.

5. December 10, 1931 The Cincinnati Post Cincinnati, OH

Article from The Cincinnati Post, December 10, 1931

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Article Text

JAMES! A BRICK Find Millionaire Is Culprit Breaking Train Windows By United Press. SALINAS, CAL., Dec. 10.-Officials of the Pajaro Val ey Consolidated R. R. wondered why so many windows were being broken in their cars on sidings here. They investigated and found that instead of mischievous boys, the culprit was millionaire from Pebble Beach, fashionable San Francisco peninsula resort The millionaire, they found, repeatedly drove up to the car sidings in his limousine, stopped, looked over the cars, obtained brick from his straight-faced chauffeur. heaved it thru window, dusted his hands, returned to his car. and then drove nonchalantly back to Pebble Beach. ARD KOBAK, vice president of the McGraw-Hill Publishing Co., New York, will address the Chamber of Commerce Forum next Tuesday noon at the Netherland Plaza. Greenfield and Martinsville Depositories Announce Dividends PAGE 15 CLOSED BANKS TO PAY STATE USES $12,000,000 HELENA. MONT. The year 1931 is milepost in Montana road construction During the present year, more than $12,000,000 has been Special to The Post. spent in state and federal money in highway construction. WILMINGTON, O., Dec. 10. The first dividend of 10 per cent will be paid depositors of the closed Farmers' Bank, Martinsville, on Dec. 21, C. Z. Hummel, of the State Banking Department, announced today. The defunct Highland County Bank, Greenfield, will pay an per cent dividend Dec. 22.