Peoples Bank (Stafford, VA)

Episode Information

Episode UID
68063871527
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
6806387 routing
Routing Number
68-0638
Start Date
March 14, 1927
Location
Stafford, Virginia (38.422, -77.408)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63eea076721c9969

Response Measures

None

Description

The bank suspended temporarily for examination following a cashier's confession of embezzlement; the bond was expected to cover the shortage, suggesting a reopening.

Events (1)
1. March 14, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier confessed to an $8,000 shortage/embezzlement during an examination.
Newspaper Excerpt
Directors of the bank asked state bank to assume charge temporarily, issuing a statement saying that Asby's bond of $10,000 was expected to cover the shortage.
Source
newspapers

Newspaper Articles (2)
1. March 15, 1927 Daily Press Newport News, VA
Article from Daily Press, March 15, 1927

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Article Text

STAFFORD CASHIER CONFESSES SHORTAGE OF $8,000 March Confessing about of the People's Bank Stafford charge of embezzlement and lodged in county jall The of the bank were im in session their closed by State Examiners til the affairs of the bank can be Ashby made full confession the defalcation while bank examingoing the books morning While telling them his he pistol and the exploded. the bullet the stated that had accidentially. Ashby had cashier of the bank for four years

2. March 15, 1927 Evening Herald Courier Bristol, TN
Article from Evening Herald Courier, March 15, 1927

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Article Text

Shortage In Va. Banker's Counts 15 (AP)-John M Ashby cashier of the People's Bank of Stafford, was in jail today on charge of being short $8,000 in his counts. Directors of the bank asked state bank to assume charge temporarily, issuing a statement saying that Asby's bond of $10. 000 was expected to cover the shortage.