Mount Gilead National Bank - Mount Gilead, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 6620
Charter Number: 6620
Start Date: August 9, 1934
Location: Mount Gilead, Ohio (40.554, -82.828)

Metadata

Model: gpt-5-mini
Short Digest: cf2f5665

Response Measures

None

Description

Article (The Marion Star, 1934-08-09) reports a conservator (W. Glauner) for the Mt. Gilead National Bank and that officials are awaiting Treasury Department action on an application to reopen the institution. No run is mentioned; the suspension appears to be by government action/conservatorship and reopening is being pursued.

Events (3)

1. February 10, 1903 Chartered

Source: historical_nic

2. August 9, 1934 Suspension

Cause: Government Action
Cause Details: Conservator (W. Glauner) appointed and court filings led to interpretation that receiver was sought; bank closed and under conservatorship awaiting Treasury approval to reopen.
Newspaper Excerpt: Reports that W. Glauner, conservator of the Mt. Gilead National bank had asked for receiver in the federal court at Columbus ... Officials of the bank are still awaiting action of the treasury department on their application to reopen the institution.
Source: newspapers

3. August 22, 1935 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 9, 1934 The Marion Star Marion, OH

Article from The Marion Star, August 9, 1934

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Article Text

NO REQUEST MADE FOR BANK RECEIVER Glauner Says Report Due to Misinterpretation. Special to The Star MT. GILEAD, Aug Reports that W. Glauner, conservator of the Mt. Gilead National bank had asked for receiver in the federal court at Columbus to conserve the bank's assets, were denied by Glauner Wednesday He said that the report was due to misinterpretation of his application in the federal courts in regard minor affairs of the bank. Officials of the bank are still awaiting action of the treasury department on their application to reopen the institution. RADIOS INSTALLED BUCYRUS Aug. Installation of police radios as part of the Findlay, Columbus and Massillon hookup has been completed in the offices of the chief of police and sheriff's offices. Sets have also been installed in Galion and Crestline. German optical instrument makers have developed form of periscope that enables watchman to see four sides, the floor and ceiling of a bank vault at once by looking in an eye piece.