Alliance Bank - Alliance, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 20, 1884
Location: Alliance, Ohio (40.915, -81.106)

Metadata

Model: gpt-5-mini
Short Digest: d9cf5be8

Response Measures

None

Description

Article reports the bank's assignment (failure) and that 'assigned bankers' agreed with creditors on a settlement plan. No mention of any depositor run prior to suspension; this is a failure/receivership event (closure). 'Assignment' indicates receivership/closure rather than a temporary suspension.

Events (1)

1. February 20, 1884 Receivership

Newspaper Excerpt: The Alliance Bank Failure. ALLIANCE, O., Feb. 20.-Laubern & Gray, the assigned bankers, and the committee of creditors, have agreed on a basis of settlement, by which the firm pays one third of its liabilities as soon as the assignment is lifted, and the balance in one and two years, without interest.
Source: newspapers

Newspaper Articles (1)

1. February 21, 1884 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, February 21, 1884

Click image to open full size in new tab

Article Text

The Alliance Bank Failure. ALLIANCE, O., Feb. 20.-Laubern & Gray, the assigned bankers, and the committee of creditors. have agreed on a basis of settlement, by which the firm pays one third of its liabilities as soon as the assignment is lifted, and the balance in one and two years, without interest.