Cromwell Deposit Bank - Cromwell, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 3, 1915
Location: Cromwell, Kentucky (37.340, -86.788)

Metadata

Model: gpt-5-mini
Short Digest: e9a59aa2

Response Measures

None

Description

Article reports the Cromwell Deposit Bank (Ohio County, KY) went into voluntary liquidation after an examiner's report and with approval of the state bank commissioner; no run is mentioned and the liquidation implies permanent closure.

Events (1)

1. May 3, 1915 Suspension

Cause: Voluntary Liquidation
Cause Details: Examiner recommendation and approval by state bank commissioner; deemed unprofitable due to proximity to other banking centers.
Newspaper Excerpt: The Cromwell Deposit Bank of Cromwell, Ohio county, went into voluntary liquidation yesterday after an examination by Examiner John B. Chenault, and with the approval of Bank Commissioner Thomas J. Smith.
Source: newspapers

Newspaper Articles (1)

1. May 7, 1915 The Columbia Herald Columbia, TN

Article from The Columbia Herald, May 7, 1915

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Article Text

BANK IN KENTUCKY TO SUSPEND BU INESS FRANKFORT, Ky., May 3.-The Cromwell Deposit Bank of Cromwell, Ohio county, went into voluntary liquidation yesterday after an examination by Examiner John B. Chenault, and with the approval of Bank Commissioner Thomas J. Smith. The reason for recommending the liquidation of the bank, given by the state bank commissioner, is that its proximity to other banking centers makes it unprofitable.