17794. Bank of Wauseon (Wauseon, OH)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 16, 1915
Location
Wauseon, Ohio (41.549, -84.142)

Metadata

Model
gpt-5-mini
Short Digest
2365c0f8

Response Measures

None

Description

Articles (July 1915) show the Bank of Wauseon in receivership (W. G. Nichols, Receiver) with notices to creditors and final dividend payments; no article describes a prior run. Therefore this is a suspension/closure with receivership. OCR corrected minor spacing/typos; no evidence of a run or reopening in these articles.

Events (2)

1. July 16, 1915 Receivership
Newspaper Excerpt
Notice is hereby given that the undersigned is now authorized to pay a final dividend to creditors and depositors of Bank of Wauseon and Wauseon Savings and Trust Company.... W. G. NICHOLS, Receiver.
Source
newspapers
2. July 23, 1915 Other
Newspaper Excerpt
Creditors of The Barber Banks Receive Nine Per Cent, Dividend-... Holders of notes were paid their dividends of 9 per cent. by the banking firm named above on Monday and Tuesday in the old banking room of the Barber banks... the claims against the banks covered by the notes amount to $495,585.22; the total amount of dividends to be distributed is $44,602.67.
Source
newspapers

Newspaper Articles (3)

Article from Fulton County Tribune, July 16, 1915

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Article Text

NOTICE TO CREDITORS. Notice is hereby given that the undersigned is now authorized to pay a final dividend to creditors and depositors of Bank of Wauseon and Wauseon Savings and Trust Company. Depositors and creditors who filed their claims with the Special Master will be paid their dividends upon presentation of pass books, certificates of Deposits or other evidence of claims to the undersigned at his office, 325 Nicholas Building, Toledo. NOTE. Depositors who accepted so-called Barber notes will be paid their dividends by the Security Savings Bank & Trust Company. 14-2 W. G. NICHOLS, Receiver.


Article from Fulton County Tribune, July 23, 1915

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Article Text

NOTICE TO CREDITORS. Notice is hereby given that the undersigned is now authorized to pay a final dividend to creditors and depositors of Bank of Wauseon and Wauseon Savings and Trust Company. Depositors and creditors who filed their claims with the Special Master will be paid their dividends upon presentation of pass books, certificates of Deposits or other evidence of claims to the undersigned at his office, 325 Nicholas Building, Toledo. NOTE. Depositors who accepted so-called Barber notes will be paid their dividends by the Security Savings Bank & Trust Company. 14-2 W. G. NICHOLS, Receiver.


Article from Fulton County Tribune, July 23, 1915

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Article Text

BARBER DIVIDENDS Creditors of The Barber Banks Receive Nine Per Cent, Dividend-891 Notes Presented Monday and Tuesday-Further Dividends Promised. To many of the holders of the notes of the Barber Banks the money paid by The Security Savings Bank & Trust Company as dividends on the face of the notes they held, last Monday and Tuesday came as an unexpected gift, for many of them had given up all hope of ever getting anything at all from this source. Those creditors who had declined to take Barber notes in exchange for their vouchers of claims against the Bank of Wauseon and the Wauseon Savings & Trust Company were paid their share of dividends by the receivers of these banks in Toledo. Holders of notes were paid their dividends of 9 per cent. by the banking firm named above on Monday and Tuesday in the old banking room of the Barber banks, now occupied by the Expositor officeThe office was thronged with note holders both days and when the office hours ended on Tuesday it was found that of the 1183 notes that had been issued and recorded, 891 had been presented, leaving 292 still to be heard from. Many of this last number will be presented for payment of dividends at the Security Savings Bank & Trust Company in Toledo and holders of notes who live at a distance may secure their dividends by sending their notes by mail to the above banking firm, Superior street, Toledo, inclose self addressed envelope and return postage; check for the amount of dividends due and the notes properly endorsed will be returned to the sender. The claims against the banks covered by the notes amount to $495.585.22; the total amount of dividends to be distributed is $44,602.67. The Committee of creditors, consisting of C. C. Handy, F. L. S. Darby and J. H. Johnson. reports that there are outstanding $495,585.22 par value of Barber notes, all of which are equally secured by the deposit with The Security Savings Bank & Trust Company, of Toledo, Ohio, of the following stocks and bonds, viz.: $50,000, par value of the preferred stock of Home Telephone Company of Mobile. $300.000, par value. of the common stock of the Home Telephone Company of Mobile. $225,200. par vlaue. of the 5 per cent. bonds of the Home Telephone Company of Mobile. In addition to the foregoing stocks and bonds, The Security Savings Bank & Trust Company also holds as security a cash balance of $734.86. Within a short time the interest on the'Mrhile bonds amounting to $5,360 will be paid. and thereafter each six months a like amount will be paid so that there should be paid in the Security Bank & Trust Company each year the sum of $11.260. being the in terest on the $225.200 of Mobile bonds. The above-mentioned $225.200 of set