Bank of Leipsic Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1931*
Location: Leipsic, Ohio (41.098, -83.985)

Metadata

Model: gpt-5-mini
Short Digest: 5c5add55

Response Measures

None

Description

Articles state the Bank of Leipsic Co. was among banks closed in 1931 and was reopened in 1932 under state department reorganization plans. No explicit run or depositor panic at this specific bank is described in the provided clippings; closures were handled by the state department of banks.

Events (2)

1. January 1, 1931* Suspension

Cause: Government Action
Cause Details: Closed by the state department of banks in 1931 as part of closures following panicky public/financial trouble; reopened later under state reorganization plans
Newspaper Excerpt: the state department which closed their doors in 1931
Source: newspapers

2. November 3, 1932 Reopening

Newspaper Excerpt: Other important institutions reopened included ... the Bank of Leipsic. Theodore H. Tangeman, state director ... has assisted Superintendent Fulton in working out the bank reopening plans which the state department has put into effect.
Source: newspapers

Newspaper Articles (4)

1. November 3, 1932 The Marion Star Marion, OH

Article from The Marion Star, November 3, 1932

Click image to open full size in new tab

Article Text

STATE EFFECTS OF CLOSED BANKS Reorganization Plans of Department Help Restore Sound Conditions. AID TO BUSINESS SEEN Ten Ohio Banks Resume Since Jan. Six Others To Follow Soon. Special state scheduled be reopened for within few under plans state department banks Fulton superintendent Ohio, announced Under the department which closed their doors in 1931, result of panicky the public which heavy many financial resumed business since the first the present year The banks planned to be opened soon the Union Savings Bank Trust Co., the Union Savings Trust Co. Warren: Ohio Merchants Trust the Dime Savings Bank Canton: Washington Savings bank, Washington the Farmers bank. Elida Other Reopenings Probable Negotiations are also in progress for reopening several other closed banks. More definite information regarding reopening plans probably be ready for in the new year The state department of banks aiding the committees working on the reopening projects in the varthe of additional Ohio banks in the future many millions of dollars which have been will be turned back into the arteries trade and ton. thus releasing large amounts which temporarily impounded by the closing of banks, the working ital each community directly fected be greatly with resultant strengthening financial situation generally benefits derived do not stop at the boundaries of the extend to other areas, in fact, come statewide in their wholesome Reports Great Improvement According are vastly what they The present year opened with year decrease bank and number such during the past few months has been surprisingly more than might expected normally Since the state department banks taken but five banks for with the ception moderate bank, very institutions, the closing which caused hardly the life of the Banking conditions generally stablized in Ohio other states. Among the banks reopened this Dollar Savings Trust and the City Trust Savings both George Harter Bank, Canton: the Trust Co. and the Savings Trust Co., both Mansfield, and the City Savings Bank Trust Alliance. Other cluded Seville State bank, the Farmers' Banking Co., the bank, and the Bank of Leipsic. Theodore H. Tangeman, director of and member of Gov. ernor White's cabinet. has masisted Fulton in working out the bank reopening which the state put into effect, student of finance, has been position to render effective aid in state's bank work. Charles Saf fin, Jr., in the of has been factor in of the bank reopenworked out by the department.

2. November 4, 1932 News Journal Mansfield, OH

Article from News Journal, November 4, 1932

Click image to open full size in new tab

Article Text

'OFFICER 666' HARRY DOTSON To The News ASHLAND, Nov. 4-Harry Dotson and Miss June Hale of Mansfield have prominent parts in the farce, "Officer 666", which will be presented in McDowell auditorium here Saturday at 8 p.m. as the climax of the college's homecoming day program. Dotson is cast in the title role. ilized now both in Ohio and in other states. Many Already Reopened Among the banks reopened this year are several of unusual size, such as the Dollar Savings & Trust Co. and the City Trust & Savings bank, both of Youngstown; the George D. Harter bank, Canton; the Richland Trust Co. and the Farmers' Savings & Trust Co., both of Mansfield, and the City Savings Bank & Trust Co., Alliance. Other important institutions reopened included the Seville State bank, Seville; the Farmers' & Citizens' Banking Co., Monroeville; the Antwerp Exchange bank, Antwerp, and the Bank of Leipsic Co., Leipsic. Theodore H. Tangeman, state director of and member of Governor White's cabinet, has assisted Superintendent Fulton in working out the bank reopening plans which the state department has put into effect. A student of finance, he has been in position to render effective aid in the state's bank reorganization work. Charles G. Saffin Jr., attorneyexaminer in the department of banks, has been factor in all of the bank reopenings worked out by the department.

3. December 30, 1932 The Republican Wauseon, OH

Article from The Republican, December 30, 1932

Click image to open full size in new tab

Article Text

COURT $40,000 Auto Damage Suits Settled by Agreement JUDGMENTS TAKEN First State Bank of Morenci, al, of foreclosed, property at sheriff's sale. Sale Carl Treat, administrator, Beauty mononly, claimed This out accithat on Route south Lyons which Loren Treat, the of the hotel Fayette, lost his Suit for damages $20,000 filed. This Tuesday. court entry reads follows: "Settled and missed; costs record. murer behalf defendant withdrawn by defendants. Anna Treat William Matzdorf, money only, amount claimed, This grew out of Anna, the wife the deceased brought against one the occupants of collided husband's auto for $20,000 case settled and costs Motion on behalf defendWilliam Griffin Chris Bowers, al, erty deed Frank Reynolds Viola Bressler, Property sheriff's sale. confirmed; deed ordered; Decker George money only, $300.00 and interest. Dismissed by plaintiff at costs without judice. Lloyd Jones The Ralph Jones Buick money foreclosure of chattel mortgage. Finding judgment plaintiff against the defendant the with interest. Decree foreclosure issued The State of Banks charge of Home Savings Metamora, George Atwell, double liability stock held in bank, death George Atwell being suggested it ordered that the estate Atwell hereby place George Atwell and that case Robert Failey Van Camp Receiver pay Bank of Leipsic protect collateral by the Receiver authorto 50 per milk from pay December to Receiver thorized to co-operate Miller, cash and account for same. charged for gas and comparison prices paid for labor material wilth those the paid conclusion justifies reduction in rates. The question asked gas pany made money 1917 rate was 1,000 cubic feet why should the price charge be materially reduced The pyramiding the causes for high company to make profit for stockholders all their profits to from pockets the patrons who What meant by can be illustrated saying that one builds company the another company either the the terials that and company fintwo these general Each of its and the distributing of the commody that will make turn all these different The Ohio Light and Coke company which in Bryan, Napoleon, Montpelier, Archbold public utilities corporation headquarters Pennsylvania. Local Situation Some investigation been made getting supply natural for Wauseon. number of persons now using natural gas here domestic purposes, including lighting and are pleased Myers owns the barber shop on North Fulton street, natural gas at his on Leggett street, and has for about years. careful using but enough to gas our cooking. number they gas from their natural state that like better than they do that furnished by the have drilled for have found and especially part they the though sufficient found most drilled. water trouble but said that this overcome. Judging from the conversation one thing certain; and that the people Wauseon not going to continue pay the natural gas can be here much lower cost.

4. January 4, 1933 The Coshocton Tribune Coshocton, OH

Article from The Coshocton Tribune, January 4, 1933

Click image to open full size in new tab

Article Text

Ohio Banking Situation Now Almost Normal State Official Sees Improvement in Financial Circles COLUMBUS. Jan. improvement has brot the Ohio banking situation back almost to normaley as the state enters 1933. State Banking Superintendent Ira Fulton said in review of 1932. "There has been marked decrease in the number of bank suspensions, and the number of bank closings in Ohio for many months has hardly exceeded what might be expected in normal times," Fulton said. dividends approximating $15,000,000 were paid to depositors in the course of 1932 liquidations, the banking chief stated in proof of his assertion. "Going" banks distributed $8,000,000 from purchased assets of closed banks to creditor depositors of the latter, he added. As part of general improvement in Ohio," total of 14 banks were reopened in 1932 after they were closed in 1931. Two other such banks will be reopened within few days. Banks reopened included those located in Seville, Mansfield, Youngstown, Monroeville, Alliance, Canton, Antwerp, Leipsic, Warren and Massillon.