295d274bCapital injected, Full suspension, Books examined
Other: Reorganization and removal of doubtful assets prior to reopening; stockholders elected new board.
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Bank's Doors Shut KENTON, O., Nov. 6.-Doors of the Kenton Savings Bank and Trust company did not open for business today for the first time since it was institute fifty years While the bank closed State Superntendent of Bank Blair and state examiners over the books at the request of Bank President W. A. Norton. bank remained closed today after heavy run customers that began yesterday about noon.
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KENTON BANK CLOSES FOLLOWING HEAVY RUN KENTON, O., Nov. of the Kenton Savings Bank and Trust did not open for business Company today for the first time since it was instituted 50 years ago While the bank remained closed. State Superintendent of Banks Blair, and state examiners went over the books at the request of the bank president, W. A. Norton. The bank closed today after run by customers that began heavy about noon. yesterday
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UNDERTAKER PASSES AWAY AT WAPAKONETA Word - was received here this afternoon of the death in Wapakoneta of Steferd, promiMr Sieferd was the father of Ra]ph Sieferd, plays with the Greenville Legion Band. KENTON BANK CLOSED banking department announced today It had been advised that the Kenton- Savings Bank and Trust Company had been closed by the directors of the instituthe bank. Supt. of Banks E. H. Blair and the Department's attorney left at once for Kenton to investigate. The directors ave no further detalls as to the cause of the clos-
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BANK IN KENTON DOORS, STATE ADVISED Nov. state department announced today had been advised Kenton Savings Bank Trust Co. had been closed directors institution by the result "run" on the Superintendent of Banks E. H. Blair and the attoronce for Kenton to ney left The diretcors gave no vestigate. further details to the cause the closing. FORECLOSURE SOUGHT and Loan The Union Savings Co. filed foreclosure proceedings M. Fisher and against Charles common pleas court others unpaid balTuesday. Alleging of under mortgage ance sale of application of the premises and the proceeds payment its by the loan claim demanded
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RUN ON KENTON BANK SERIOUS Columbus, O., Nov. 6. The state department of banking today announced the Kenton Savings Bank & Trust Company at Kenton had closed its doors and that the banking department is investigating the institution's condition. The bank was closed. it was said, after a serious run which apparently got beyond control. No reason for the run was learned here. Supt. Blair, Charles G. Saffin. Jr. attorney for the department. and C. W. Miller. liquidating agent. have gone to Kenton to investigate The bank was one of the largest in that section. It was capitalized at $150.000 and had a surplus of $100,000. Its resources were listed at $1,750,000 and its deposits at $1,250.000. W. A. Norton is president and C. L. Merriman. cashier. Classified ads Leil you now to spend your money wisely and well.
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DESPONDENT OVER QUARREL WITH GIRL Kenton o Nov 6 - Doors of the Kenton Savings Bank and Trust Company, did not open for business today for the first time since it was instituted 50 years ago. While the bank remained closed state supuertendent of banks, Blair and state examiners went over the books at the request of bank President W. A. Norton. The bank remained closed today after a heavy run by customers that began yesterday about noon. Three weeks ago the doors of the Mt. Victory bank also of Hardin County were closed by the state banking department, at the request of President H., E. Dickinson. Frozen assets were given at the cause of the banks closing. Chicago-Billy Showers, St. Paul middleweight, who was carried from the ring unconscious last night after being knooked out by Shuffle Callahan, was reported resting comfortably at a hospital here today. Showers' improved condition fostered the hope of friends that no serious consequences would result from the terrible beating he received. St. Louis, Roy C. Toombs, former president of the International life insurance company, is expected to surrender here today on a warrant charging him with grand largeny, circuit attorney Howard C. Sidener announced. The warrant for Toombs arrest was issued after the collapse of the life insurance company when it was learned that $3,500,000 was missing from the company's vaults. Marriage License Marriage license was issued to Harley Knoop and Agnes Willey of Shelby County. Rev. Thomas was named to officiate,
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Bank O., Nov. the Kenton Savings Bank Trust not open for business today for the first time since instituted 50 years ago. While bank remained closed State of Banks Blair and state went the books the request Bank President bank remained closed today after heavy customers that by began yesterday about noon. Three weeks of the ago the doors Mt. Victory bank also of Hardin county closed the by banking department. the request Dickison Frozen assets as the cause of the bank's closing.
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KENTON BANK IS CLOSED. Columbus, Ohio, November -The State Banking Department allnounced today had been advised that the Kenton Savings Bank and Trust Company had been closed by Directors of the Institution as sule "run" the bank. Superintendent of Banks E. H. Blair and the department's attorney left once for Kenton to investigate. The Directors gave further details as to the cause of the closing.
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KENTON BANK IS CLOSED. Columbus, Ohio, November ALL -The State Banking Department announced today " had been advised that the Kenton Savings Bank Trust Company had closed by $2250 Directors of the Institution resule "run" the bank. Super. intendent of Banks E. H, Biair and the attorney left once for Kenton to investigate The The Richman Brothers Co. Directors gave further details as 114 West Fifth Street the cause of the closing.
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KENTON BANK IS CLOSED. Columbus, Ohio, November 6-(AP) -The State Banking Department announced today If had been advised that the Kenton Savings Bank and Trust Company had been closed by Directors of the Institution as re. sule "run" on the Superintendent of Banks E. H. Blair and the department's attorney left at to investigate, The
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DESPONDENT OVER QUARREL WITH Kenton 0 Nov 6 Doors of the Kenton Savings Bank and Trust Company, did not open for business today for the first time since it was instituted 50 years ago. While the bank remained closed state supuertendent of banks, Blair and state examiners went over the books at the request of bank President W. A. Norton. The bank remained closed today after a heavy run by customers that began yesterday about noon. Three weeks ago the doors of the Mt. Victory bank also of Hardin County were closed by the state banking d'epartment, at the request of President H., E. Dickinson. Frozen assets were given at the cause of the banks closing. Chicago-Billy Showers, St. Paul middleweight, who was carried from the ring unconscious last night after being knocked out by Shuffle Callahan, was reported resting comfortably at a hospital here today. Showers' improved condition fostered the hope of friends that no serious consequences would result from the terrible beating he received. St. Louis, Roy C. Toombs, victorious. former president of the International life insurance company, is expected to surrender here today on a warrant charging him with grand larceny, circuit attorney Howard C. Sidener announced. The warrant for Toombs arrest day. was issued after the collapse of the life insurance company when it was learned that $3,500,000 was missing from the company's vaults. Marriage License Marriage license was issued to Harley Knoop and Agnes Willey of Shelby County. Rev. Thomas was named to officiate, County Morgue,
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MAY RE-OPEN BANK Directors of Kenton Institution Meet With State Official Kenton, Nov. meeting of the of the Kenton Savings Bank & Trust Co., was held during the past week in charge E. H. Blair, state banks. The report state examiners was and discussed and plan for re-opening the bank suggested by the superintendent. meeting of stockholders to be held an early date for considering this plan. The bank closed its doors Nov. 6, this action being in duced by run on the bank which started several days' before through the circulation of rumors.
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Kenton Bank Plans To Reopen Doors; Closed Since Nov. 6 KENTON, Nov. 23 - A meeting of the directors of the Kenton Savings Bank & Trust Co. was held during the past week in charge of E. H. Blair, state superintendent of banks. The report of state examiners was presented and discussed and plan for re-opening the bank was suggested by the superintendent. A meeting of stocksolders is to be held at an early date for considering this plan. The local bank closed its doors here on Election day, November 6 this action being induced by a run on the bank which started several days before thru the circulation of rumors of unfavorable cast.
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KENTON BANK IS REORGANIZED; TO OPEN THURSDAY KENTON, Feb. 23-The Kenton Savings Bank and Trust company is to re-open here on Feb. 28. The stockholders met last night at the bank and elected a new board of directors which in turn, elected Addison C. Johnson, of Kenton, president; Williard R. Bixler, of Kenton, vice president; and H. H. Shanks, former deputy banking commissioner of Kentucky, cashier. The organization, it was stated, has met all the requirements of the Ohio of banks by removing from its assets all doubtful and bad notes and all farm lands. The bank temporarily suspended on Nov. 6, 1928 and the reorganiza tion of the institution is regarded as one of the most important finan cial deals in the history of the city. The officers of the bank in statement issued today said that the bank when re-opened will continue to function as if business had not been suspended. Deposits are pay. able dollar for dollar, it was said. All persons who have placed their money with the bank on interest will be paid all interest due on their accounts as if the bank had not suspended business. The checks for Christmas savings will be mailed to the customers on the day before the bank opens.