Byesville State Bank - Byesville, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 9, 1931
Location: Byesville, Ohio (39.970, -81.537)

Metadata

Model: gpt-5-mini
Short Digest: 1659a53b

Response Measures

None

Description

Article (AP dispatch datelined Columbus June 9, 1931) reports the Byesville State Bank was taken over for liquidation by the State Banking Superintendent because of low reserves. No run is mentioned; the action is a government takeover leading to permanent closure/liquidation.

Events (2)

1. June 9, 1931 Receivership

Newspaper Excerpt: was taken over for liquidation today by State Banking Superintendent Ira Fulton Low reserves caused the action, the superintendent said.
Source: newspapers

2. June 9, 1931 Suspension

Cause: Government Action
Cause Details: Taken over for liquidation by the State Banking Superintendent due to low reserves.
Newspaper Excerpt: Byesville State Bank of Byesville, Guernsey with capital stock of $25,000 and total reof $176,535. was taken over for liquidation today by State Banking Superintendent Ira Fulton Low reserves caused the action, the superintendent said.
Source: newspapers

Newspaper Articles (1)

1. June 10, 1931 The Philadelphia Inquirer Philadelphia, PA

Article from The Philadelphia Inquirer, June 10, 1931

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Article Text

ALLOT TREASURY BONDS $56,500,000 of $821,410,350 Issue Specified for Philadelphia Area WASHINGTON June The New York Federal Reserve district has allotted $386 604 750 the $821. 410,350 to be issued in the form 31/2 per cent. Treasury bonds of 1946-49, dated June Cash and exchange subscriptions received for the $800,000,000 issue of. fered by the Treasury aggregated $6,315,524,500. of which $5 743,418,000 cash and $572 represented subscriptions in payment which Treasury of indebtedness maturing June 15 were tendered. The announced for the Philadelphia district is $56,500,000. West Coast Firms Merge SAN FRANCISCO June Consolidation of Coast investment firms, Smith, Camp & Co. and Kimball, Riley & Ltd., was today The solidated firm be as Smith, & Riley Ltd. Closely associated organization will be Loveland & Company, which with its affiliations represents a group controlling or operating 31,000,000 of public utility properties in the Pacific Coast and Southwest area. Seeks Time Extension VIENNA, June (A. ).-JungGesellschaft and Ledere & Company, who owe the insolvent Auspitz Lieben Banking Company $375,000. today asked Austrian and foreign creditors for an extension of time on $500.000 which they owe. The Ledere company one of the most distillers of spirits in Central Europe. Elected President OIL CITY. Pa. June 9 (A. Daniel M. Sachs, N. today was elected president of the National Transit Company, the National Transit Pump and Machine Company the Maryland Pipe Line Company. succeeding the late E. Lockwood. Mr. Sachs formerly was vice president and general manager the Northern Pipe Line Company. Ohio Bank Closes COLUMBUS, Ohio, 9 (A. P. Byesville State Bank of Byesville, Guernsey with capital stock of $25,000 and total reof $176,535. was taken over for liquidation today by State Banking Superintendent Ira Fulton Low reserves caused the action, the superintendent said.