Bridgeport Bank Company (Bridgeport, OH)

Episode Information

Episode UID
56052171528
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
5605217 routing
Routing Number
56-0521
Start Date
April 22, 1927
Location
Bridgeport, Ohio (40.072, -80.744)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4e57e9aa7db9b2fa

Response Measures

None

Description

Reported shortage/defalcation prompted directors to close bank and state banking department was asked to take charge; reported shortage amount varies across articles.

Events (1)
1. April 22, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of large cash shortage/defalcation by cashier (reported $200,000–$300,000) leading directors to close bank and request state banking department take charge
Newspaper Excerpt
A notice stating the Bridgeport Bank Company had been closed by the directors pending the examination of the records was posted on the doors
Source
newspapers

Newspaper Articles (6)
1. April 22, 1927 The Kansas City Post Kansas City, MO
Article from The Kansas City Post, April 22, 1927

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Article Text

CASHIER, SHORT $200,000, HELD Ohio Banker Admits Responsibility, But Denies Embezzlement. BRIDGEPORT. O., April 22.-With reported shortage of $200,000. the Bridgeport Bank company today is closed with state bank examiners in charge, while William E. Thomas, cashier, is in custody at the county jail in St. Clairsville. Thomas, while admitting his responsibility for the shortage, according to J. C. Heinlein, president of the bank, declares the shortage was caused by carrying bad notes in the bank and not through embezzlement.

2. April 22, 1927 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, April 22, 1927

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Article Text

BANK CLOSED, CASHIER HELD Columbus, Ohio, April The Bridgeport Bank Company. operating state bank at Bridgeport, Belmont county, was closed today following discovery of a $300,000 discrepancy in the institution's counts, State Banking Superintendent E. H. Blair. who is at Bridgeport investigating the case, telephoned his office here today. W. E. Thomas, cashier of the bank, was under arrest in connection with the shortage.

3. April 22, 1927 The Piqua Daily Call Piqua, OH
Article from The Piqua Daily Call, April 22, 1927

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Article Text

BRIDGEPORT BANK COMPANY CLOSED Directors Take Action Pending Examination of Records. Bridgeport, O., April 22.-A notice stating the Bridgeport Bank Company had been closed by the directors pending the examination of the records was posted on the doors of the concern's new banking room this morning. A bank official was said to have confessed to defalcations that may approximate $200,000. The shortage in the Bridgeport bank was reported to the directors last night following audit of its affairs. The cashier said Dad loans were to blame for much of the bank's losses. The president of the institution, Attorney J. C. Heinlein, a former Ohio Senator, issued a statement explaining the action of the directors and stating that the Ohio Banking department had been ask-

4. April 22, 1927 Troy Daily News Troy, OH
Article from Troy Daily News, April 22, 1927

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Article Text

State Banking Department Is Asked To Take Over Affairs At Bridgeport Institution Bridgeport, April 22 (United notice stating the Bridgeport Bank company had been closed by the directors, pending the examination of the records, was posted on the doors of the concern's new banking room this morning. bank official was said to have confessed to defalcations that may approximate $200,000. The shortage in the Bridgeport bank reported to the directors last night following audit of its fairs. The cashier said bad loans to blame of the bank's losses. The president of the institution. At. torney Heinlein, former Ohio senator, issued statement explaining the action directors and stating that the Ohio banking department had been asked take charge. The bank the seventh to fail this part of the state in three years.

5. April 23, 1927 The Urbana Daily Citizen Urbana, OH
Article from The Urbana Daily Citizen, April 23, 1927

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Article Text

87th Ohio Assembly Closes Work In All-Night Session $200,000 GONE SO OHIO BANK CLOSES DOORS By United Press BRIDGEPORT O., April 22-A notice stating the Bridgeport Bank company had been closed by the directors pending the examination of records. was posted on the door of the concern's new banking room this morning. A bank official was said to have confessed defalcations that may approximate $200,000. The Dollar Savings Bank here closed year ago. The Bridgeport Bank company was depository for the state bank ing department in the liquidation of the Dollar Bank and the funds that had been collected for pay ment of dividend to depositors in the defunct bank are tied up anew. The bank is the seventh to fail in this part of Ohio in three years. Nine Measures Backed By Republican Majority Members Are Enacted. By United Press O., April 22.Amid scenes of boisterous disord. er the 87th Ohio general assembly completed its work early today and after an all-night session re cessed until May The senate quit work at 3:20 o'clock this morning and the house finished its task just twenty minutes later. Before adjourning both branches indefinitely postponed action on all bills remaining on the calen. dars. This virtually means the death of every bill which had not passed the two branches as the action was intended to prevent the bills being revived when the re. cess ends. By United Press tion enacted by the 87th general as sembly included nine measures backed by the Republican majority members as program" bills dealing with taxa tion and financial problems They were The Aigler corporation franchise tax: the Kumler utilities clse tax Sullivan gasoline tax in crease; Kreuger act. providing uni form method for Issuance of bonds by counties. municipalities and school boards Jones act repealing Inter for ten-mill tax limitation recod ifying the taxation Norton bill relieving counties and townships of further financial co-operation build Ing main highways the $50,000.000 general appropriations hill the Jones emergency bill. authorizing school boards to borrow in of distribution of funds for weak school districts Dode rect tax levy bill, vetood by Donahey Bolton Bill isses As supplemental bill the legislature passed the Bolton emer geney authorizing the state to borrow $750,000 the constitutional Ilm It. to meet current operating needs Some of the most controversial measures before the assembly and which widespread general Interest killed or permitted to die without final action Among these were The Hill measure to prohibit Sun day dancing and roller skating: the (Continued on Page Two)

6. April 28, 1927 Kansas City Weekly Journal Kansas City, MO
Article from Kansas City Weekly Journal, April 28, 1927

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Article Text

CASHIER, SHORT $200,000, Ohio Banker Admits Responsibility, But Denies BRIDGEPORT. reported shortage $200,000, the Bridgeport Bank company today closed with state bank in charge, while William Thomas, cashier, custody county in Clairsville. Thomas, while admitting responsibility for shortage, according president of the bank, declares shortage caused carrying notes bank and not through bezzlement.