State Exchange Bank - Stryker, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1930*
Location: Stryker, Ohio (41.504, -84.414)

Metadata

Model: gpt-5-mini
Short Digest: f6a9da01

Response Measures

None

Description

OCR errors corrected (e.g., garbled names and dates). Article (Lima Morning Star, 1930-05-23) states the State Exchange Bank of Stryker has been in the hands [of] the state banking department since March, indicating state takeover/suspension and placement into custody; no run is described in the text. Therefore classified as suspension leading to closure/receivership.

Events (3)

1. March 1, 1930* Receivership

Newspaper Excerpt: has been in the hands the state banking department since March, ... naming officials the bank, former state superintendent banks, and several casualty defendants
Source: newspapers

2. March 1, 1930* Suspension

Cause: Government Action
Cause Details: Taken into control by the state banking department (state superintendent intervened); bank placed in hands of the state in March 1930
Newspaper Excerpt: The State Exchange bank of Stryker has been in the hands the state banking department since March
Source: newspapers

3. May 23, 1930 Other

Newspaper Excerpt: STOCKHOLDERS SEEK MILLION IN BANK ACTION ... filed by approximately 500 stockholders and depositors of the State Exchange bank of Stryker in common pleas today, naming officials of the bank, former state superintendent of banks, and several insurance defendants
Source: newspapers

Newspaper Articles (1)

1. May 23, 1930 The Lima Morning Star and Republican-Gazette Lima, OH

Article from The Lima Morning Star and Republican-Gazette, May 23, 1930

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Article Text

STOCKHOLDERS SEEK MILLION IN BANK ACTION BRYAN, O., May for approximately ages filed more 500 stockholders and depositors of the State Exchange bank of Stryker in common pleas today, naming officials the bank, former state superintendent banks, and several casualty defendants. Among the defendants are Harry E. Scott, Columbus, former superintendent of banks, Howard Shepherd, former Toledo banker. the Sun Indemnity Co., of New Maryland Casualty Trust Co., Cleveland, Maurice Bruns, Victor Willis Oberlin and Stipe, former direcof the charges that the State take over the private bank Henry Bruns Stryker and that the this was May 25, 1922, the Bruns of dollars than the price put on them in the transfer. the assets the Bruns according first mortgage bond $90,000 which the the was presumed to be $180,000 to comply with state law, but which the value than $25,000. Despite alleged differences values, the stock of the new bank permitted to at $160 share. The State Exchange bank of Stry. ker has been in the hands the state banking department since March,