17494. Highland County Bank (Greenfield, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 2, 1930
Location
Greenfield, Ohio (39.352, -83.383)

Metadata

Model
gpt-5-mini
Short Digest
c68acaf2

Response Measures

Full suspension

Description

Contemporary articles (July 2, 1930) report heavy withdrawals/a heavy run and frozen assets; the State Superintendent of Banks closed the bank and placed a liquidating agent in charge. The bank did not reopen under the same name; a new bank was organized in 1931. OCR errors in articles corrected (e.g., 'forto close' -> 'forced to close').

Events (3)
1. July 2, 1930 Receivership
Newspaper Excerpt
He placed Schurr, liquidating agent of his department, in charge of the bank's affairs.
Source
newspapers
2. July 2, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady and especially heavy withdrawals precipitated by frozen assets and depletion of reserves; bank-specific asset problems noted.
Measures
None effective — withdrawals depleted reserves; no emergency measures reported other than later state intervention.
Newspaper Excerpt
withdrawal of deposits had been steady some time, and had especially heavy during the last few days, depleting the reserve of the institution.
Source
newspapers
3. July 2, 1930 Suspension
Cause
Government Action
Cause Details
State Superintendent of Banks ordered closure due to frozen assets and heavy withdrawals; liquidating agent appointed.
Newspaper Excerpt
the Highland County Bank of this city was forced to close its doors today. The closing was ordered by C. Gray, state superintendent of banks at Columbus. He placed Schurr, liquidating agent of his department, in charge of the bank's affairs.
Source
newspapers

Newspaper Articles (4)
1. July 2, 1930 The Circleville Herald Circleville, OH
Article from The Circleville Herald, July 2, 1930

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Article Text

FOR FAILURE Gray, State Superintendent of Banks, Takes Over Institution. GREENFIELD, July to heavy withdrawals of deposits and frozen assests, the Highland County Bank of this city was forto close its doors today. The closing was ordered by C. Gray, state superintendent of banks at Columbus. He placed Schurr, liquidating agent of his department, in charge of the bank's affair. Withdrawal of deposits had been steady some time, and had especialy heavy during the last few days, depleting the reserve of the institution. The bank was capitalized $125,000, having resourof approximately $1,400,000. Organized in 1867, the Highland County bank was one of the oldest financial institutions in Ohio.

2. July 2, 1930 The Cincinnati Post Cincinnati, OH
Article from The Cincinnati Post, July 2, 1930

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Article Text

OHIO BANK FAILS Closure at Greenfield Laid to Frozen Assets By Post State COLUMBUS, July 2.-O. C. Gray, state bank closed the Highland County Bank of Greenfield today. The bank was closed account of frozen assets and steady withdrawals for the past few weeks, which depleted the bank's reserve. The Highland County Bank was organized capital stock is $125,000. with resources of $7,400,000. Miller former president, his Wilson Miller presiHyburn cashier The agents Schurr, be in charge of the bank.

3. April 9, 1931 Chillicothe Gazette Chillicothe, OH
Article from Chillicothe Gazette, April 9, 1931

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Article Text

GREENFIELD'S NEW BANK ALMOST READY TO GO GREENFIELD, O., April 9. (AP) Greenfield's new bank will soon be completely organized, and officials say the institution has been assured of receiving a state charter when details have been worked out. Ira J. Fulton, state superintendent of banks, and two of his assistants, were here recently to discuss plans for the new bank. Greenfield has had but one bank since the Highland County bank closed after a heavy run last year. High School Students To Play A Big Part IN OHIO STATE JUNIOR FAIR ACCORDING TO ADVANCE REPORTS AT COLUMBUS COLUMBUS, O., April 9. (AP)Eearly indications are that vocational agriculture students in high schools of the state will play a leading part in the Ohio State Junior Fair to be held August 31 to September next. Approximately 6,000 boys enrolled in 207 high school agricultural departments have been announced as eligible to compete in the vocational agriculture and future farmers of America classes at the fair. Thousands of dollars will be paid out in premiums, it has been announced. As a part of their four-year high school training, many of the boys carry home from the fair projects in the various livestock, poultry and crop enterprises. Many of these get a start with pure-bred livestock and certified seed in their project work. A farm shop class is being added this year where departments may exhibit projects made in the school shop to be used on the home farms. The future farmers of America department will include exhibits by local future farmers chapters. B. P. Sandles, of Columbus, is manager of the junior fair.

4. April 11, 1931 News Journal Wilmington, OH
Article from News Journal, April 11, 1931

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Article Text

GREENFIELD BANK TO GET CHARTER FROM STATE GREENFIELD: April 11-Green field's new bank will soon be completely organized. and officials say the institution has "been assured of receiving a state charter when details have been worked out. Ira J. Fulton| State Superinten dent of Banks, and two of his assistants. were here recently to discuss plans for the new bank. Greenfield has had but one bank since the Highland County Bank closed after heavy run last year.