Canton State Bank - Canton, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 16, 1931
Location: Canton, Ohio (40.799, -81.378)

Metadata

Model: gpt-5-mini
Short Digest: e0a8e1e8

Response Measures

None

Description

Article (published 1931-02-16) reports a discovered shortage and arrest of an Ohio banker; the state banking department 'took over' the bank to preserve assets. No run is mentioned; takeover implies government action and likely receivership/closure. Depositors reportedly to be paid in full; no reopening mentioned.

Events (2)

1. February 16, 1931 Receivership

Newspaper Excerpt: the state banking department took over the to preserve assets following discovery shortage in Officers of the bank all depositors will be paid in full.
Source: newspapers

2. February 16, 1931 Suspension

Cause: Government Action
Cause Details: State banking department took over the bank after discovery of a shortage and an arrest on embezzlement/shortage charges.
Newspaper Excerpt: the state banking department took over the to preserve assets following discovery shortage in
Source: newspapers

Newspaper Articles (1)

1. February 16, 1931 The Evansville Journal Evansville, IN

Article from The Evansville Journal, February 16, 1931

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Article Text

Ohio Banker Held On Shortage Charge CANTON of the Canton Bank, of was arrested today charge embezzlement and the state banking department took over the to preserve assets following discovery shortage in Officers of the bank all depositors will be paid in full. MICHIGAN GRADU ATE TO Roger Becker graduate the versity of Michigan will be the speaker for the supper meeting of the 6:30 o'clock Monday the cafeteria. Page sponsor be in charge of the program. and Henry Poole will