Union Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 21, 1934
Location: Bryan, Ohio (41.475, -84.552)

Metadata

Model: gpt-5-mini
Short Digest: c61b14c4

Response Measures

None

Description

Article (Bryan Press, 1934-06-21) describes the bank in liquidation with a receiver calling on stockholders, safety deposit box renters notified to remove contents, and references to paying depositors — indicating closure under a receiver. No run or depositor crowding is mentioned.

Events (2)

1. June 21, 1934 Receivership

Newspaper Excerpt: Receiver in Union Savings Bank Calls on Stock Holders...in order to come near paying depositors in full as possible, it has been found necessary to assess the stockholders...the boxs will be disposed of the course of liquidation.
Source: newspapers

2. June 21, 1934 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership/liquidation by banking department; receiver calling on stockholders and disposing of safety deposit boxes.
Newspaper Excerpt: Receiver in Union Savings Bank Calls on Stock Holders...assessed by banking department for their double liability...in order to come near paying depositors in full as possible, it has been found necessary to assess the stockholders...Renters of safety deposit boxes in the bank have been notified to remove their belongings, as the boxs will be disposed of the course of liquidation.
Source: newspapers

Newspaper Articles (1)

1. June 21, 1934 Bryan Press Bryan, OH

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Article Text

CALL ON STOCK FOR LIABILITY Receiver in Union Savings Bank Calls on Stock Holders Stockholders in the Union Savings bank have been assessed by banking department for their double liability, as provided by the banking the state, are notified that assessments must be paid by July 14 to avoid interest which will be charged after that date. A dividend of 50 per cent, besides the first division of five per cent has been paid by the bank, but in order to come near paying depositors in full as possible, it has been found necessary to assess the stockholders. in the bank are Olouise Barnes (deceased) 38 shares; R. Dewees Eaton 17; E. Gardner (deceased) 10; W. Long 10; Blanche Morrison 33; W. W. Morrison (deceased) 52; Niederaur 20: W. Radabaugh( deceased) 10; Chas. Wagner 20; Flora Wagner 30 and M. Wertz 240. Shares in the bank had par value of and of the 500 shares sued Mr. Wertz holds nearly onehalf. It is thought at the bank that the assessment will not bring in very large sum but that what can be paid will help toward paying the the bank still owes its depositors. This amount is in addition to due the village which secured. Renters of safety deposit boxes in the bank have been notified to remove their belongings, as the boxs will be disposed of the course of liquidation. Suits by Farmers' Receiver receiver of the FarmNatl. bank has begun suit against Harve Yackee to foreclose mortgage for on 106 acres section 15 Center township. Lavon Yaney has sued Florine Yaney for divorce charging wilful sence. They were married in Bowling Green in 1928.