Farmers State Bank - West Mansfield, OH

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: January 23, 1933
Location: West Mansfield, Ohio (40.402, -83.545)

Metadata

Model: gpt-5-mini
Short Digest: f05fd10c

Response Measures

Full suspension

Other: Affairs taken over by state banking department (state examiner/receiver).

Description

Article (dated 1933-01-23) reports depositors withdrew funds attempting to 'close the doors' of Farmers State Bank; directors decided not to reopen and the State Banking Department (Jones) took over affairs — indicates a run followed by suspension and state takeover (closure/receivership). The missing published statement triggered suspicion; no specific erroneous communication described, so classified as rumor/misinformation rather than a discrete false telegram.

Events (2)

1. January 23, 1933 Receivership

Newspaper Excerpt: Consequently the affairs of this institution was taken over by Jones, representative of the State Banking Department.
Source: newspapers

2. January 23, 1933 Run

Cause: Rumor Or Misinformation
Cause Details: Failure of the local paper to publish the bank's statement when expected caused suspicion and prompted deposit withdrawals.
Measures: Directors decided not to reopen the bank the next morning.
Newspaper Excerpt: After making determined effort to close the doors of the Farmers State Bank by withdrawing their deposits on Monday, the Directors finally decided that night not to reopen on Tuesday morning.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1933 The Union County Journal Marysville, OH

Article from The Union County Journal, January 23, 1933

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Article Text

A DETERMINED EFFORT The Bellefontaine Examiner says that one of the reasons the West Manefield bank closed was that the West Mansfield Enterprise failed to appear the week the bank's statement should have been printed, which caused suspicion and on the bank. The Enteprise in its last issue, says: "After making determined effort to close the doors of the Farmers State Bank by withdrawing their deposits on Monday, the DI rectors finally decided that night not to reopen on Tuesday morning. onsequently the affairs of this stitution was taken over by Jones, representative of the State Banking Department."