Wood County Bank - Parkersburg, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: December 1, 1931*
Location: Parkersburg, West Virginia (39.267, -81.562)

Metadata

Model: gpt-5-mini
Short Digest: 4a39015ed42c8264

Response Measures

None

Description

Article (Dec 5, 1931) reports the Wood County Bank at Parkersburg as closed and describes large embezzlement by four employees (about $100,000) covering Jan 1928–June 1931. No mention of a depositor run; closure appears tied to bank-specific adverse information (embezzlement). No explicit receivership or reopening reported in the article.

Events (2)

1. December 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in the context of discovered embezzlement by employees (about $100,000 missing, alleged embezzlement Jan 1928–June 1931).
Newspaper Excerpt: closed Wood County Bank
Source: newspapers

2. December 5, 1931 Other

Newspaper Excerpt: Are Accused Of Embezzling $100,000 From Wood County Bank At Parkersburg ... four employees of the closed Wood County Bank arrested today ... charged with embezzling about $100,000 ... warrants ... charging ... embezzling ... during the same period ... posted bond ... grand jury in January
Source: newspapers

Newspaper Articles (1)

1. December 5, 1931 Hinton Daily News Hinton, WV

Article from Hinton Daily News, December 5, 1931

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Article Text

FOUR EMPLOYEES OF BANK FACE SERIOUS CHARGES Are Accused Of Embezzling $100,000 From Wood County Bank At Parkersburg Parkersburg. Oct. formofficer three the closed Wood County Bank arrested today of bezzling about of bank warrant against James Flemformer and cashier charged him with embezzling $30.259 from January, 1928. June, 1931. and joint warrant charging Ward, Harley Cline and John charged with embezzling during the same period. The warrants were out upcomplaint Edward Nelly, presthe bank by Justice the R. Hayes. four posted bond each action of the next grand jury in January