Citizens Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 30, 1909
Location: Lorain, Ohio (41.453, -82.182)

Metadata

Model: gpt-5-mini
Short Digest: 05fd0486

Response Measures

None

Description

Article (dated 1909-01-30) reports the Citizens Savings Bank of Lorain as defunct and refers to a receiver and settlement of city deposits; implies the bank failed and is in receivership. No mention of a depositor run or temporary suspension prior to failure in the text provided.

Events (1)

1. January 30, 1909 Receivership

Newspaper Excerpt: State Examiner Heck's report on Lorain, filed yesterday ... shows that there is $1,000 due the city from the defunct Citizens' Savings bank. The city had $25,000 on deposit in the bank when it failed, and of that sum $9,000 was paid back by the receiver ...
Source: newspapers

Newspaper Articles (1)

1. January 30, 1909 The Marion Daily Mirror Marion, OH

Article from The Marion Daily Mirror, January 30, 1909

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Article Text

Defunct Bank Owes $1,000 to City. Columbus, O., Jan. 30.-State Examiner Heck's report on Lorain, filed yesterday with the state accounting bureau, shows that there is $1,000 due the city from the defunct Citizens' Savings bank. The city had $25,000 on deposit in the bank when it failed, and of that sum $9,000 was paid back by the receiver and $15,000 was made good by a bonding company. The balance of $1,000 was secured by a bond of a surety company, which it refuses to pay.