Citizens Savings Bank (Salem, OH)

Episode Information

Episode UID
56031171590
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
5603117 routing
Routing Number
56-0311
Start Date
June 18, 1932
Location
Salem, Ohio (40.905, -80.849)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f32e832db16fa016

Response Measures

None

Description

Articles show the bank in liquidation under a receiver with asset sales and foreclosure actions; no run reported.

Events (3)
1. June 18, 1932 Receivership
Newspaper Excerpt
Deputy in charge of the liquidation of the Citizens Savings bank of Salem, has filed an application ... to sell $5,000 bonds held as assets of this institution.
Source
newspapers
2. September 20, 1932 Other
Newspaper Excerpt
A foreclosure action has been filed ... by I. J. Fulton, in charge of the liquidation of the Citizen's Savings bank of Salem, against Lester B. Woolman and others.
Source
newspapers
3. September 27, 1932 Other
Newspaper Excerpt
I. J. Fulton, superintendent of state banks, in charge of the liquidation of the Citizens Savings Bank of Salem, has been authorized ... to pay $1,075 to the police fund and firemen's pension fund.
Source
newspapers

Newspaper Articles (3)
1. June 18, 1932 The Evening Review East Liverpool, OH

Article Text

BANK RECEIVER TO SELL BONDS Deputy in Charge of Salem Bank Asks Authority to Dispose of Institution's Assets. LISBON—J. C. Van Peet, special deputy in charge of the liquidation of the Citizens Savings bank of Salem, has filed an application in common pleas court for authority to sell $5,000 bonds held as assets of this institution. The application relates that for a block of $3,000 four and one-half percent Franklin sewer bonds a bid of $95 has been made, and for a block of $2,000 Village of Parma bonds there is an offer of $50. The latter block is in small denominations and the last bond is not due until 1940.

2. September 20, 1932 The Evening Review East Liverpool, OH

Article Text

SUIT FILED BY BANK RECEIVER LISBON — A foreclosure action has been filed in common pleas court by I. J. Fulton, in charge of the liquidation of the Citizen's Savings bank of Salem, against Lester B. Woolman and others, seeking judgment for $2,000 at 7 per cent interest from Feb. 27, 1930. The amount is claimed to be owing on a note secured by mortgage. 2 a. m. Sunday. Clocks in Midland will be turned back one hour next Sunday at 2 a. m. when the borough returns to Eastern Standard time after using daylight savings time since the latter part of May. Midland has used "fast" time for about five years.

3. September 27, 1932 The Evening Review East Liverpool, OH

Article Text

LISBON—In two actions filed by Beulah Mae Kurtz against Walter L. Kurtz, one for an attachment and another for an accounting, the court has granted leave to the defendant to file answer in both causes on or before Oct. 24. There has been a settlement out of court and at the costs of the defendant in the attachment action filed by Edna A. Grimm against Herman C. Willison, and without further record. H. W. Young, as receiver, in the case of The First National Bank of Salem, against Stephen C. Jessup Pattern Works, has been authorized by the court to lease the property to Howell & Williams. I. J. Fulton, superintendent of state banks, in charge of the liquidation of the Citizens Savings Bank of Salem, has been authorized by Judge W. F. Lones to pay $1,075 to the police fund and firemen's pension fund. The bank, however, has been ordered to retain in its possession the $5,000 Silesian Land Owners Association Land Bank six percent bonds for a better market.