Article states the bank is in the hands of the controller of the currency, suggesting a federal takeover but does not state reopening.
Events (3)
1.October 13, 1890Chartered
Source
historical_nic
+21 years
2.December 4, 1911Suspension
Cause
Government Action
Cause Details
Bank suspended by board resolution and placed in hands of the Comptroller of the Currency (federal takeover).
Newspaper Excerpt
The National bank today posted a not suspension by a resolution of the bo directors. It was further stated th bank is now in the hands of the troller of the currency
Source
newspapers
+16 years
3.May 15, 1928Voluntary Liquidation
Source
historical_nic
Newspaper Articles (1)
1.December 5, 1911The Salt Lake TribuneSalt Lake City, UT
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Article Text
Ohio Bank Suspends
COLUMBUS O.. Dec. 4.-The National bank today posted a not suspension by a resolution of the bo directors. It was further stated th bank is now in the hands of the troller of the currency
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.