Merchants & Miners Bank - Nelsonville, OH

Episode Information

Episode UID: 56042671371
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 5604267 routing
Routing Number: 56-0426
Start Date: March 12, 1914
Location: Nelsonville, Ohio (39.459, -82.232)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3cf92c8452260543

Response Measures

None

Events (2)

1. March 12, 1914 Receivership

Newspaper Excerpt: Examiners of the State Banking Department reported that the liabilities are probably $45,000 in excess of the assets. The bank, a privately owned concern, has a capitalization of $400,000.
Source: newspapers

2. March 12, 1914 Suspension

Cause: Government Action
Cause Details: State Banking Department examiners found liabilities about $45,000 in excess of assets, prompting the state to take charge.
Newspaper Excerpt: State Superintendent of Banks Emery Lattenna, announced that the State has taken charge of the -.erchants and Miners Bank at Nelsonville, Ohio.
Source: newspapers

Newspaper Articles (1)

1. March 13, 1914 The Washington Herald Washington, DC

Article from The Washington Herald, March 13, 1914

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Article Text

STATE TO RUN OHIO BANK. Columbus. Ohio, March 12.-State Superintendent of Banks Emery Lattenna, announced that the State has taken charge of the -.erchants and Miners Bank at Nelsonville, Ohio. Examiners of the State Banking Department reported that the liabilities are probably $45,000 in excess of the assets. The bank, a privately owned concern, has a capitalization of $400,000.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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