17626. Mount Victory Bank (Mount Victory, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 16, 1928
Location
Mount Victory, Ohio (40.534, -83.520)

Metadata

Model
gpt-5-mini
Short Digest
49d28bda

Response Measures

Full suspension, Books examined

Other: Closed by state banking department at request of bank president; frozen assets cited as cause.

Description

Multiple articles (Nov 6–9, 1928) report that the doors of the Mt. Victory bank in Hardin County were closed about three weeks before Nov 6, 1928, by the state banking department at the request of President H. E. Dickinson. Closure is attributed to frozen assets. OCR errors corrected (Mt. Victory -> Mount Victory). Approximate dates inferred from article phrase three weeks ago relative to Nov 6, 1928.

Events (2)

1. October 16, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Frozen assets cited as the cause of the bank's closing after heavy withdrawals; bank-specific insolvency/asset freezing triggered run/closure.
Newspaper Excerpt
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.
Source
newspapers
2. October 16, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking department closed the bank at the president's request because of frozen assets (bank unable to meet obligations).
Newspaper Excerpt
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 as the cause of the bank's closing.
Source
newspapers

Newspaper Articles (4)

Article from Sidney Daily News, November 6, 1928

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Article Text

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,


Article from The Daily Sentinel-Tribune, November 6, 1928

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Article Text

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.


Article from The News-Messenger, November 7, 1928

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Article Text

BANK AT KENTON CLOSED AFTER RUN KENTON, Nov. Doors the Kenton Savings Bank Trust Company did not open for business today first time since was instituted years While the bank remained closed, State Supt. of Banks Blair and state examiners went over the books the request of Bank PresiNorton. The bank remained closed today after heavy run customers began yesterday about Three ago the doors of the Mt. Victory bank, also of Hardin county, closed by the state department, the request President Dickinson Frozen assets were given as the cause of the bank's closing.


Article from The Shelby County Democrat, November 9, 1928

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Article Text

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,