Centerburg Savings Bank - Centerburg, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: November 1, 1931*
Location: Centerburg, Ohio (40.305, -82.696)

Metadata

Model: gpt-5-mini
Short Digest: 3b359538

Response Measures

None

Description

Article (Nov 29, 1931) reports indictments related to the closing of Centerburg Savings Bank and a Building & Loan; charges include embezzlement and false statements against Guy Bishop, who was an officer. No run is mentioned; the bank is described as closed and subject of criminal proceedings, so classified as suspension leading to closure due to bank-specific malfeasance.

Events (1)

1. November 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Charges of embezzlement and filing of false statements against Guy Bishop, an officer of the institutions; closings led to indictments in October/special session thereafter; bank described as closed in article and subject to criminal prosecution.
Newspaper Excerpt: special session about two weeks connection with closing of the Centerburg Building and Loan Association and the Centerburg Savings bank.
Source: newspapers

Newspaper Articles (1)

1. November 29, 1931 The Lima News Lima, OH

Article from The Lima News, November 29, 1931

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Article Text

SHIFT OF VENUE DENIED IN BANK CLOSING TRIAL MT. VERNON, Nov. (AP) Judge Phillip L. Wilkof the pleas court, today deried change venue to Guy Bishop, of Centerburg. who under indictment in connection with the closing two Centerburg financial institu tions. Bishop. formerly Columbu real operator, asked the change, supporting the quest by six affidavits signed by Centerburg residents who pressed belief Bishop could not obtain this county. the hearing today three the afidavits, sngned Tuttle, Shannon Burchard and Lowell Gnatt were withdrawn. the three men indicating they changed their minds. Seven indictments were turned against Bishop by the reg ular October term of the grand jury and special session about two weeks connection with closing of the Centerburg Building and Loan Association and the Centerburg Savings bank. which he secretary and presrespectively Charges against him included embezzlement and filing of false statements Trott. of Columbus. for Bishop. No trial date has been set. Bishop free under bond.