College Corner Banking Company - College Corner, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1927*
Location: College Corner, Ohio (39.568, -84.814)

Metadata

Model: gpt-5-mini
Short Digest: 6f165797

Response Measures

None

Description

Articles (Apr 30, 1927) report the College Corner Banking Co. had closed after examiners found a $70,000 shortage and the cashier (Stout) is charged with misappropriation and vanished repeatedly. No mention of a depositor run; bank was closed/suspended and appears to remain closed pending grand jury/examiner action. I corrected OCR artifacts in snippets when extracting quotes.

Events (1)

1. April 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Examiners found a $70,000 shortage; cashier William (or Stout) charged with misappropriation/larceny and vanished; bank closed after discovery of shortages.
Newspaper Excerpt: charges resulting from the closing of the College Corner Banking Co. ... bank examiners found shortage at $70,000. Immediately after bank closed, Stout disappeared.
Source: newspapers

Newspaper Articles (2)

1. April 30, 1927 The Kentucky Post Covington, KY

Article from The Kentucky Post, April 30, 1927

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Article Text

CASHIER VANISHES FOR THIRD TIME Special to The Post COLLEGE CORNER O., April Stout, 55, cashier, fac ing charges resulting from the closing of the College Corner Banking Co. Tuesday sought third time today by authorities. Searchers were told by Mrs. Stout her husband was at Oxford Rest. Oxford. O., but failed him Even Connaughton. Hamil ton attorney. Stout's said not know where Stout could found. Asks To Be Released Stout must go to Hamilton sub stitute another bondsman for Schaeffer, who asked to be leased. Schaeffer and an Oxford physician signed the $10,000 bond arrested first time and charged misappropriation funds when bank examiners found shortage at $70,000. Immediately after bank closed. Stout disappeared Later arrested at his home on the diana side of College Corner. The bank on the Ohio side. Larceny Is Charged Following his release bond disappeared again. Then affidavit was S. Cramer. ceny in the disappearance of $3000 worth bonds. Another search began and he was found in Dayton at the home of was brought Hamilton Dayton and released on bond $6000. Stout's case will be presented next Friday the grand has refused to make any state ments. Bank examiners suspended work records yesterday and Columbus report finding. They resume work

2. April 30, 1927 The Cincinnati Post Cincinnati, OH

Article from The Cincinnati Post, April 30, 1927

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Article Text

CASHIER VANISHES FOR THIRD TIME Special to The COLLEGE CORNER April ing charges resulting from the ing of the College Corner Banking Co. Tuesday sought a third time today by authorities. Searchers were told by Mrs. Stout her husband was at Oxford Rest, at Oxford. O., but falled to find him Even Connaughton, Hamil ton he did not know where Stout could Asks To Be Released Stout must go to Hamilton stitute another bondsman for liam Schaeffer. Seven Mile. O. elevator owner, who asked to be leased Schaeffer and an Oxford physician signed $10,000 bond was and charged with funds when bank found shortage Immediately after the bank was closed. Stout disappeared. Later he was arrested at his home on the diana side of College Corner. The bank the Ohio Larceny Is Charged Following release bond disappeared again. Then affidavit bank president. charging ceny the of $3000 worth began and he found in Dayton at the home of his He brought Hamilton from and released on bond $6000. Stout's case will be presented next Friday to the Butler-co grand jury tout has refused to make any stateBank work on Columbus report finding. They will resume work Monday