Blanchester Bank (Blanchester, OH)

Episode Information

Episode UID
3586610191286
Episode Type
Run → Suspension → Closure
Bank Type
private
Bank ID
358661019 hash
Start Date
February 7, 1907
Location
Blanchester, Ohio (39.293, -83.989)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
87d482be8b234a18

Response Measures

None

Description

1907 assignment (for benefit of creditors) indicates failure; 1928 article describes another run/closure episode — multiple closures across years.

Events (3)
1. February 7, 1907 Receivership
Newspaper Excerpt
Blanchester bank assigned Wednesday. The liabilities are $60,000.
Source
newspapers
2. February 21, 1907 Run
Cause
Rumor Or Misinformation
Cause Details
Alleged misrepresentations connected to the bankruptcy of the Blanchester Novelty Works triggered heavy withdrawals.
Newspaper Excerpt
Through alleged misrepresentations a run was made on the bank with the above result.
Source
newspapers
3. October 26, 1928 Suspension
Cause
Rumor Or Misinformation
Cause Details
A rumor that the institution was in trouble led to a general run and authorities ordered the bank closed.
Newspaper Excerpt
Monday officials were unable with the situation and Tuesday the bank was ordered closed when the run became general.
Source
newspapers

Newspaper Articles (5)
1. February 7, 1907 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, February 7, 1907

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Article Text

A Bank Assigns. Blanchester. O., Feb. 7.-Blanches ter bank assigned Wednesday. The liabilities are $60,000. E. D. Smith the president, was the wealthiest man in this section of the county. Seven hundred acres of land and $100,000 worth of property are involved. Fol lowing on the heels of the Novelty bankruptcy it has made the greatest sensation ever known here. Many de positors are frantic over the outlook but more conservative persons see a fair outlook. Great developments are expected. The bank was involved in the Novelty bankrupt case and as signed to treat all equal.

2. February 7, 1907 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 7, 1907

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Article Text

BLANCHESTER, O., Feb. 7-The Blanchester bank has assigned for the benefit of its creditors. Its liabilities are estimated at $60,000 and the nominal assets are $140,000.

3. February 21, 1907 The Greenville Journal Greenville, OH
Article from The Greenville Journal, February 21, 1907

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Article Text

BANK IN BANKRUPTCY, And President at Home in a Condition of Collapse. Blanchester.-The Blanchester bank filed papers in bankruptcy. Liabilities are $100.000 and assets the same. E. D. Smith, president of the institution, was one of the wealthiest men in Clinton county, and the institution became involved through the bankruptcy of the Blanchester Novelty Works. Through alleged misrepresentations a run was made on the bank with the above result. President Smith lies at home in a condition of collapse. Mrs. Smith is in the south, but has been notified by telegram. The failure involves 700 acres of land, a large number of town properties and the bank, but Mr. Smith's friends and heavy depositors believe he will pay in full. The failure created a great deal of excitement among the small depositors.

4. February 21, 1907 The News-Herald Hillsboro, OH
Article from The News-Herald, February 21, 1907

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Article Text

BANK IN BANKRUPTCY, And President at Home In a Condition of Collapse. Blanchester.-The Blanchester bank filed papers in bankruptcy. Liabilities are $100,000 and assets the same. E. D Smith, president of the institution, was one of the wealthiest men in Clin ton county, and the institution became involved through the bankruptcy of the Blanchester Novelty Works. Through alleged misrepresentations a run was made on the bank with the above re sult. President Smith lies at home in a condition of collapse. Mrs. Smith is in the south, but has been notified by telegram. The failure involves 700 acres of land, a large number of town properties and the bank, but Mr Smith's friends and heavy depositors believe he will pay in full. The failure created a great deal of excitement among the small depositors.

5. October 26, 1928 Dayton Daily News Dayton, OH
Article from Dayton Daily News, October 26, 1928

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Article Text

DEPOSITORS NOT TO Lose in Closing of Blanchester Bank, It Is Claimed FARMERS' and management of the bank, also to the closing. run the bank started rumor spread that the institution in trouble. Monday officials were unable with the situation and Tuesday the bank was ordered closed when the run became general. Attorney C. Luther Swaim investigating the condition of the bank funds of the Blanchester the Jefferson tp. boards of education were depositin asset the bank the large business block which it is located.