17696. Farmers Bank (Rossburg, OH)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
May 1, 1930
Location
Rossburg, Ohio (40.281, -84.639)

Metadata

Model
gpt-5-mini
Short Digest
ea7af14a

Response Measures

Full suspension, Books examined

Other: Funds transferred to vaults of Peoples Savings Bank, Greenville; state officials began audit.

Description

Articles (May 1, 1930) report false rumors about the bank's financial condition that depleted deposits; the bank failed to open Saturday (suspension). Officials declare the bank solvent and funds were moved to Peoples Savings Bank vaults while state officials audit accounts. No clear information about a reopening or permanent closure, so outcome is uncertain.

Events (2)
1. May 1, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
False rumors about the bank's financial condition that depleted deposits prior to closure; articles explicitly call them 'false rum[ors]'.
Measures
Funds transferred to the vaults of the Peoples Savings Bank, Greenville; state officials began an audit of the institution's accounts.
Newspaper Excerpt
The Farmers Bank at Rossburg failed open its doors Saturday the bank, said have been caused by false relative its financial condition depleted its deposits
Source
newspapers
2. May 1, 1930 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank failed to open (suspended operations) after deposits were depleted by false rumors regarding its condition.
Newspaper Excerpt
The Farmers Bank at Rossburg failed open its doors Saturday morning.
Source
newspapers

Newspaper Articles (2)
1. May 1, 1930 New Madison Herald New Madison, OH
Article from New Madison Herald, May 1, 1930

Click image to open full size in new tab

Article Text

COUNTY BANK FAILS TO OPEN SATURDAY The Farmers Bank at Rossburg failed open its doors Saturday the bank, said have been caused by false relative its financial condition depleted its deposits from since the first of the Officials the bank declare that solvent and that depositors suffer losses. Funds the bank have been transferred the vaults the Pedples Savings Greenville, and state officials begun an audit the institution's accounts. Withweeks, report of the bank's condition be available.

2. May 1, 1930 The Arcanum Times Arcanum, OH
Article from The Arcanum Times, May 1, 1930

Click image to open full size in new tab

Article Text

COUNTY BANK FAILS TO OPEN SATURDAY The Farmers Bank at Rossburg failed open its doors Saturday morning. the bank, said have been caused by false rumrelative to its condition depleted deposits from 000 to the first of the Officials of the bank declare that and that depositors suffer losses. Funds the bank have been transferred to the vaults of the Pedples Savings Bank, Greenville, and officials have begun an audit the institution's accounts. Withfew weeks, report the condition be available.