Carrollton Savings & Banking Company (Carrollton, OH)

Episode Information

Episode UID
7402531291313
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
740253129 hash
Start Date
May 29, 1909
Location
Carrollton, Ohio (40.573, -81.086)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1afeb8bc72f352ab

Response Measures

None

Description

County commissioners withdrew county funds precipitating the run; bank carried bad paper in excess of capital.

Events (3)
1. May 29, 1909 Other
Newspaper Excerpt
Local capitalists have offered to take over the affairs at 10 cents on the dollar, agreeing to meet all demands.
Source
newspapers
2. May 29, 1909 Run
Cause
Local Shock
Cause Details
Withdrawal of county funds by county commissioners triggered heavy withdrawals over two days
Newspaper Excerpt
After a two days' run following the withdrawal of the county funds by the commissioners
Source
newspapers
3. May 29, 1909 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was carrying bad paper in excess of its $40,000 capital, forcing closure after the run
Newspaper Excerpt
the Carrollton Savings and Banking company closed its doors.
Source
newspapers

Newspaper Articles (2)
1. May 29, 1909 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, May 29, 1909

Click image to open full size in new tab

Article Text

Bad Paper Wrecks Bank. Carrollton, O., May 29. - After a two days' run following the withdrawal of the county funds by the commissioners, the Carrollton Savings and Banking company closed its doors. The bank has been carrying bad paper in excess of its $40,000 capital. Local capitalists have offered to take over the affairs at 10 cents on the dollar, agreeing to meet all demands.

2. June 3, 1909 The News-Herald Hillsboro, OH
Article from The News-Herald, June 3, 1909

Click image to open full size in new tab

Article Text

BANK SUSPENDS. Carrollton Savings and Banking Co. Closes Its Doors After a Two Days' Run. Carrollton, O.-After a two days' run following the withdrawal of the county funds by the commissioners, the Carrollton Savings and Banking Co. closed its doors. The bank has been carrying bad paper in excess of its $40,000 capital. Local capitalists have offered to take over the affairs at 10 cents on the dollar, agreeing to meet all demands.