Mechanics Savings Bank - Cleveland, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 1, 1923
Location: Cleveland, Ohio (41.499, -81.695)

Metadata

Model: gpt-5-mini
Short Digest: 8b712d58

Response Measures

None

Description

Article (Richmond Planet, 1923-02-03) reports receivers concluding work at Mechanics Savings Bank, Cleveland, with auditors examining the affairs — indicates receivership/closure. No mention of a depositor run in the text provided. OCR corrected minor spacing/fragmentation; date for receivership taken from article text (Feb 1, 1923).

Events (1)

1. February 1, 1923 Receivership

Newspaper Excerpt: Cleveland; O., Feb. 1.-Charging ... the auditors report that they are concluding their labors at the Mechanics Savings Bank ... the approval of the Receivers, has signed an order permitting the Audit Company to examine the affairs of the Bank for the benefit of the officers and stockholders of the aforesaid institution.
Source: newspapers

Newspaper Articles (1)

1. February 3, 1923 Richmond Planet Richmond, VA

Article from Richmond Planet, February 3, 1923

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Article Text

RICHMOND, VA. SATURDAY, FEBRUARY 3, 1923 RECEIVERS ABOUT CLEVELAND LEADERS FIG READY TO MAKE THEIR REPORT. WHICH PERILS SCHOOL The auditors report that they are concluding their labors at the Mechanics Savings Bank and Ministers and Welfare Workers Dem a report to the Chancery Court will be ready. Judge William of the Famous Central Avenue A. Moncure, with the approval of the Receivers, has signed an order permitting the American RACE DETERMINED TO SAFEGUAR Audit Company to examine the (Preston News Service) affairs of the Bank for the benCleveland; O., Feb. 1.-Charging efit of the officers and stockholders of the aforesaid instituthat the alleged conditions of immorality in Cleveland, especially on Central tion. They expect to begin the'r SUN IS labors next week. and Scovill avenues "is too shocking for utterance" a delegation of Negro