Farmers & Merchants Bank (Beaverdam, OH)

Episode Information

Episode UID
56088571513
Episode Type
Suspension → Reopening
Bank Type
private
Bank ID
5608857 routing
Routing Number
56-0885
Start Date
January 1, 1926*
Location
Beaverdam, Ohio (40.833, -83.977)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b8e269d12cde243a

Response Measures

None

Description

Suspension described as temporary about a year before the 1927 articles; exact suspension date not given.

Events (1)
1. January 1, 1926* Suspension
Cause
Correspondent
Cause Details
Drafts drawn on Saal brothers in New York that were presented through/against the Beaverdam bank failed to clear, triggering a temporary suspension.
Newspaper Excerpt
The bank suspended temporarily after approximately $21,476.50 in drafts drawn on the Saal's New York thru the Beaverdam bank failed to clear.
Source
newspapers

Newspaper Articles (2)
1. December 22, 1927 The Lima News Lima, OH
Article from The Lima News, December 22, 1927

Click image to open full size in new tab

Article Text

C. WITNESS YANT, IN SAAL SAID CASE, UNDER BOND BY COURT J. Yant. cashier and dent of the Farmer's and chant's Bank of Beaverdam, was released under bond Thursday Brooklyn, N. according telegram received by his attorney, Frank H. Downing, from Lee Murlin, assistant district federal attorney, Toledo, who is in charge of the government's effort cure the return of the three Saal brothers to Ohio to stand trial for alleged misuse of the mails nection with the near failure of the Beaverdam bank year ago. Kant went New York Wednesday witness in the federal court there where the Saals are resisting efforts at extradition. Downing said. According to Frances Durbin, local of the Saals, charges against Yant are the outgrowth testimony given by him former hearing when Prosecuting Attorney E. Botkin attempted to secure Morris Saal's return to Allen-co answer to indictment pending here in con- nection with the affairs of the Beaverdam bank. The bank suspended temporarily after approximately drafts drawn on the Saal's New York thru the Beaverdam bank failed to clear.

2. December 23, 1927 The Lima Morning Star and Republican-Gazette Lima, OH
Article from The Lima Morning Star and Republican-Gazette, December 23, 1927

Click image to open full size in new tab

Article Text

SAAL BROS. FACE CONTEMPT COUNT Counsel for Morris and Samuel Saal.- poultry and egg dealers of Brooklyn, N. Y., were directed to show cause why the clients should not be held in contempt of the court for obstructing justice and intimi dating government witness, in the final round of the extradition hear. ing before United States Commis sioner Epstein in Brooklyn yesterday, according to Associated Press James Yant, president of the Farmers and Merchants bank of Beaverdam, was arrested on libel charge on complaint of the Snal brothers, who are fighting extradi tion to Ohio. Yant who went New York city Wednesday as a witness, was released on a bond of $2,500, for his appearance when the hearing is resumed today. Morris Saal filed the suit to recover $250,000 of alleged libel from Yart. Yant's bank suspended operations temporarily a year ago after $21,476 50 in drafts drawn on the Saal (CONTINUED ON PAGE 15, NUMBER 3)