17526. Scioto Valley Bank (Kingston, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 23, 1909
Location
Kingston, Ohio (39.474, -82.911)

Metadata

Model
gpt-5-mini
Short Digest
5a492d66

Response Measures

None

Description

Bank was closed by the state bank examiner and a receiver was appointed. No newspaper account describes a depositor run. Articles cite overdrafts as the reason but emphasize the examiner's order to close, so classified as suspension by government action with bank-specific cause details noted.

Events (2)
1. June 23, 1909 Suspension
Cause
Government Action
Cause Details
Closed by State Bank Examiner after investigation; reason cited as overdrafts.
Newspaper Excerpt
The Scioto Valley Bank, a state institution at Kingston this county, was closed today by order of State Bank Examiner Demoss, and a receiver was asked for in court.
Source
newspapers
2. July 1, 1909 Receivership
Newspaper Excerpt
Judge John W Goldsberry named Frank A. Sosman of this city, receiver for the Scioto Valley bank at Kingston. The bond $150,000. The bank was closed by demand of B. B. Seymour, state bank examiner, after he had made an investigation.
Source
newspapers

Newspaper Articles (5)
1. June 24, 1909 The Clarksburg Telegram Clarksburg, WV
Article from The Clarksburg Telegram, June 24, 1909

Click image to open full size in new tab

Article Text

BANK FAILS Doors Are Closed and Court is Asked to Appoint Receiver. CHILLICOTHE, O., June 23The Scioto Valley Bank, a state institution at Kingston this county, was closed today by order of State Bank Examiner Demoss, and a receiver was asked for in court. The cause is said to be overdrafts. The bank is capitalized at $75,000, all paid in, and had a surplus of $75,000.

2. June 24, 1909 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, June 24, 1909

Click image to open full size in new tab

Article Text

Ohio State Bank Closed. Chillicothe, O., June 24.-The Scioto Valley bank, a state institution at Kingston, this county, was closed on order of State Examiner Demoss and a receiver asked for in court. The reason for the order is said to be overdrafts. The bank was capitalized for $50,000, all paid in, and had a surplus of $7,000.

3. June 24, 1909 The Bemidji Daily Pioneer Bemidji, MN
Article from The Bemidji Daily Pioneer, June 24, 1909

Click image to open full size in new tab

Article Text

Ohio State Bank Closed. Chillicothe, O., June 24.-The Scioto Valley bank, a state institution at Kingston, this county, was closed on order of State Examiner Demoss and a receiver asked for in court. The reason for the order is said to be overdrafts. The bank was capitalized for $50,000, all paid in, and had a surplus of $7,000.

4. June 24, 1909 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, June 24, 1909

Click image to open full size in new tab

Article Text

BANK IS CLOSED. a Ohio Institution Shut Up by Examiner. Chillicothe. O., June 23.-The Scioto Valley Bank, a State institution at Kingston, this county, was closed today on orders of the State Examiner, and a receiver asked for. The reason for the order is said to be overdrafts. The bank was capitalized for $50,000, all paid in, and had a surplus of $7,000.

5. July 1, 1909 The News-Herald Hillsboro, OH
Article from The News-Herald, July 1, 1909

Click image to open full size in new tab

Article Text

Chillicothe, O.-Judge John W Goldsberry named Frank A. Sosman of this city, receiver for the Scioto Val ley bank at Kingston. The bond " $150,000. The bank was closed by de mand of B. B. Seymour, state bank ex aminer, after he had made an inves tigation.