Article Text
BANK FAILS JEWETT. doors the Jewett State bank failed open today. Frozen announced the failure the bank" yesterday, officials say.
17520. Jewett State Bank (Jewett, OH)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- January 27, 1927
- Location
- Jewett, Ohio (40.368, -81.005)
Metadata
- Model
- gpt-5-mini
- Short Digest
f46dd699
Response Measures
Full suspension
Other: State banking department placed Major C. W. Miller in charge of liquidation; indicates state receivership action.
Description
Newspapers (Jan 28–29, 1927) report a run on the Jewett State Bank (run occurred the day before the bank failed to open), frozen assets cited as cause, state banking department placed Maj. C.W. Miller in charge of liquidation. That indicates a depositor run leading to suspension and state receivership/closure. Plain Dealer mentioned an expectation to reopen, but the appointment of a liquidator/charge by state implies closure/receivership, so classified as run → suspension → closure.
Events (4)
1.
January 27, 1927
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Depositors ran after the bank's assets were reported 'frozen', triggering heavy withdrawals (run reported the day before closure).
- Measures
- None reported
- Newspaper Excerpt
- closed its doors today, following run upon yesterday.
- Source
- newspapers
2.
January 28, 1927
Other
- Newspaper Excerpt
- Maj. C. W. Miller in charge of liquidation for the state banking department, declined to say how much the bank would pay or if it would [reopen]. Officials predicted that it would reopen in ... More than $5,000 was [paid] during the run.
- Source
- newspapers
3.
January 28, 1927
Receivership
- Newspaper Excerpt
- Maj. C. W. Miller in charge of liquidation for the state banking department
- Source
- newspapers
4.
January 28, 1927
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank failed to open because assets were 'frozen', causing suspension of payments/closure.
- Newspaper Excerpt
- The Jewett State bank ... closed its doors today. Frozen assets were said to have caused its closing.
- Source
- newspapers
Newspaper Articles (5)
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Article Text
capital accounts present is figured treasury deficit on July would be avoided. By making the franchise tax collections in May Tracy contends more balance could be maintained thruout the year, thus enabling the state treasurer to keep amount of funds on deposit inactive bank accounts at high interest rate, thereby permitting the state to obtain much greater amount of In active accounts in bank draw 3-4 per cent interest, active counts out of which paid from day to day, draw less than 1-2 per cent CROSS RETURNS TO LIMA AFTER 15,000-MILE TRIP Herb B Cross, well known building contractor of Lima completed tour of recently 15,000 miles thru the United Canada and Mexico has returned to Lima where he be located. Cross has been at Johns Hop kins hospital Baltimore, for the last months where he has undergone treatment for nervous disorder ACKERMAN TLED Inventory of the estate of Catherine Ackerman of field in probate court Friday schedules less than personal property and an interest in lot Lafayette, valued at $696 BANK FAILS TO OPEN The doors of the Jewett State Bank falled to open today Frozen assets is announced as the of the failure Citizens cause caused "run on the bank terday, officials say.
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(OHIO) BANK FAILS Ohio, Jewett State Bank failed to open Frozen assets was announced cause of the failure. Citizens on the bank
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JEWETT (OHIO) BANK FAILS The Bank the of the on the bank officials
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ANOTHER OHIO BANK CLOSED Jewett State Institution Expected to Reopen. Plain Dealer Special) CADIZ, O., Jan. 28.-The Jewett State bank at Jewett. this county with resources in excess of $333,000. closed its doors today, following run upon yesterday. Maj. C. W. Miller in charge of liquidation for the state banking department, declined to say how much the bank would pay or if it would Officials predicted that it would reopen "in More than $5,000 was during the run. The People's bank at Amsterdam, in the adjoining county of Jefferson. was closed Jan. 11 and has not opened. "Frozen assets" were said to have caused its closing.