17184. Brotherhood Bank (Cincinnati, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
September 1, 1932*
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
6108ae4b

Response Measures

Full suspension

Other: Bank was closed and liquidated; suit alleges outside firm's actions caused run and liquidation.

Description

Newspaper articles (Sept 13, 1932) report Brotherhood Bank of Cincinnati was closed and liquidated; a suit alleges Henry L. Doherty's firm caused the run on the bank and closure. Dates of the run and formal suspension/receivership are not given in the excerpts. Classified as run leading to suspension and permanent closure (liquidation).

Events (3)
1. September 1, 1932* Run
Cause
Bank Specific Adverse Info
Cause Details
Suit alleges Doherty Co.'s actions (refusal to pay guarantees/withholding of payments by brokers) precipitated heavy withdrawals and a run.
Newspaper Excerpt
Charge Is Made That His Firm Caused Run on Bank.
Source
newspapers
2. September 1, 1932* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was closed and placed into liquidation after the run; plaintiffs allege actions by Doherty Co. led to failure and liquidation of the Brotherhood Bank (per the suit).
Newspaper Excerpt
closing and liquidation the bank...closing and liquidathe The suit, filed by the was operations of former Cincinnati
Source
newspapers
3. * Other
Newspaper Excerpt
DOHERTY IS SUED BY CLOSED BANK IN DAMAGE CASE...The suit...asks for $550,000 and $100,000 compensatory and punitive damages for funds allegedly converted by Doherty Co..
Source
newspapers

Newspaper Articles (2)
1. September 13, 1932 The Zanesville Signal Zanesville, OH
Article from The Zanesville Signal, September 13, 1932

Click image to open full size in new tab

Article Text

DOHERTY IS SUED BY CLOSED BANK IN DAMAGE CASE O., Sept. for damages instituted today against Henry Doherty doing Doherty charging the firm was responsiBrotherhood Bank Railway Clerks. led closing and liquidathe The suit, filed by the was operations of former Cincinnati of the Doherty term on conviction of One cause of action asks for $550. 000 and $100,000 second compensatory and damages eral suit attack property funds Doherty Co. session its The was filed in common pleas court here. In event the claims are not upheld the court Doherty bank for funds allegedly converted its

2. September 13, 1932 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, September 13, 1932

Click image to open full size in new tab

Article Text

HENRY L. DOHERTY SUED. Charge Is Made That His Firm Caused Run on Bank. CINCINNATI, Sept. for intoday against Henry Doherty, doing Doherty Co., charging the for the Railway closing and liquidation the bank. The filed the bank, Shafer, former Cincinnati manager the Doherty prison on conviction of was charged that certain Shafer the Brotherhood Bank, held questionable validity by the Dohercompany. Demands payment brokers whom the had guaranteed the the asserted, and the Doherty pany declined pay the stock, return the