Bank of Conneautville (Conneautville, PA)

Episode Information

Episode UID
7869584991465
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
786958499 hash
Start Date
January 30, 1922
Location
Conneautville, Pennsylvania (41.758, -80.368)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f74c9acf136f2fab

Response Measures

None

Events (2)

1. January 30, 1922 Receivership
Newspaper Excerpt
was today in the hands of Frank W. Jackson, a state bank examiner, as receiver.
Source
newspapers
2. January 30, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination disclosed irregularities and alleged fraudulent misappropriation by cashier; president made assignment for benefit of depositors.
Newspaper Excerpt
The Bank of Conneautville, a private institution, was today in the hands of Frank W. Jackson, a state bank examiner, as receiver.
Source
newspapers

Newspaper Articles (6)

Article from Every Evening, Wilmington Daily Commercial, January 30, 1922

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Article Text

PRIVATE PENNA. BANK FAILS. By Associated Press to Every Evening. Conneautville, Pa., Jan. 30.-The bank of Conneatville, a rivate institution, was today in the hands of Frank W. Jackson, a. state bank examiner, as receiver. It has a capital of $50,000 and deposists of approximately $750,000. No estimate of liabilities was given out. Philadelphia, Jan. 30.-John D. Emery, a stock broker of Allentown, filed a voluntary petition in bankruptcy in the Federal District court listing liabilities of $36,731 and assets of $372.


Article from The Richmond Palladium and Sun-Telegram, January 30, 1922

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Article Text

Private Bank Closed In Pennsylvania Today CONNEAUTVILLE, Pa., Jan. 30.The Bank of Conneautville, a private institution, was today in the hands of Frank W. Jackson, a state bank examiner. as receiver. It has a capital of $50,000 and deposits of approximately $750,000. No estimates of liabilities were given out. President Paul Sturtevant of New York City, who came here last week when informed the bank was in difficulty, made a statement to depositors today in which he said that an examination of the books ordered by him Jan. 26, disclosed such irregularities that it was decided to close the institution. Mr. Sturtevant said he had made an assignment of all his property and that of his wife for the benefit of depositors. He received no salary as president, he said.


Article from The New York Herald, January 31, 1922

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Article Text

BANK IN CONNEAUTVILLE SHUT Small Private Institution is in Receiver's Hands. CONNEAUTVILLE Pa., Jan. 30.-The Bank of Conneautville, a private institution. was to-day in the hands of Frank W. Jackson, a State bank examiner. as receiver. It has a capital of $50,000 and deposits of approximately $750,000. No estimate of its liabilities was given out. Faul Startevant of New York city, its president, who came here last week when informed that the bank was in difficulties, made to-day a statement to its depositors in which he said that an examination of its books, ordered by him on January 26, disclosed such irregularities that it was decided to close the institution. Mr. Sturtevant said that he had made an assignment of all his property and that of his wife for the benefit of the depositors,


Article from Every Evening, Wilmington Daily Commercial, January 31, 1922

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Article Text

TWO FIRMS FAIL AFTER BANK CLOSES DOORS Auto Body and Farm Implement Manufacturers Go Into Receivers' Charge. By Associated Press to Every Evening. Conneautville, Pa., Jan. 31.-Judson T. Snodgrass, cashier of the Bank of Conneautville, which yesterday closed its doors, was today charged by President Sturtevant with fraudulent misappropriation of partnership money and frandulency in keeping partnership books and records. He was released on $5,000 bail pending action of the Crawford county grand jury. Following on the closure of the Bank of Conneautville, two concerns in this city today closed their doors and announced the appointment, of receiverships. They are the Simplex Manufacturing Company, makers of automobile bodies and the Walter J. Pees Company, dealers in farm implements and farm accessories.


Article from Every Evening, Wilmington Daily Commercial, February 1, 1922

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Article Text

ANOTHER AUTO CO. FAILS. / Closing of Penna. Bank Shuts up A Third Manufacturing Plant. By Associated Press to Every Evening. Conneautville, Pa., Feb. 1.-The L. C. Graves Company, of Springboro Pa., manufacturers of automobile bodies, today is in the hands of receivers as a consequence of the close of the Bank of Conneautville Monday. The Graves Company is the third concern compelled, to close its doors because of the bank's failure the other two being the Simplex Manufacturing Company and the W. J. Pees Company, both of Conneautville.


Article from Chicago Eagle, February 4, 1922

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Article Text

EAGL NEWSLETS More than 1.800 striking members of the Amalgamated Meat Cutters and Butcher Workmen of North America WORLD'S EVENTS News Brevities at a union mass meeting at Omaha, Neb., voted to call off the strike in the of Illinois local packing plants. IN SHORT FORM Senator Hiram Johnson of CaliforDecatur.-R. I. Randolph of hicago nia, special counsel for the city of BEST OF THE NEWS BOILED was elected president of the Illinois New York in traction affairs, will reSociety of Engineers at the annual DOWN TO LIMIT. ceive $25,000 for his services. Corconvention here. Other officers are poration Counsel O'Brien approved a vice president, H. E. Cabbitt, Univerbill for the payment. sity of Illinois; trustees, M. C. Taylor, * * ARRANGED FOR BUSY PEOPLE Bloomington, and W. D. Jones, ChiSeven hundred masculine students cago. at the University of Illinois earned Springfield.-More than 10,000 Illiover $120,000 during the two semesters Notes Covering Most Important Hapnois farmers have joined the United last year at odd jobs, according to a penings of the World Compiled States Grain Growers, Inc., while af. report just issued at Urbana, Ill. in Briefest and Most Succinct filiation of farmers' elevators and Form for Quick Consumption. grain growers' associations at local Following similar action taken at shipping points have reached 300. Robits Baltimore shops, the Western ert N. Clark, national organizer, anWashington Maryland railway announced that it nounced. had discontinued the operation of its President Harding sent to the senSpringfield.-Illinois has more Lecar and locomotive repair shops at ate at Washington the nomination of gion members than any one state in Elkins, W. Va. the United States. This was the anSenator Kenyon of Iowa, to be judge of the Eighth circuit. nouncement of Commander William The English pound was quoted at R. McCauley of the Illinois department $4.28 on the New York exchange. This By a vote of 39 to 25 the senate at at Bloomington upon his return from is the highest since August 15, 1919. Washington passed the foreign loan Indianapolis, Ind., where he attended In February, 1920, demand sterling refunding bill. The measure already a conference of Legion leaders from sold at $3.10 /2. has passed the house. all sections of the country. a.-When the merchants oi Pana The Bank of Conneautville, (Pa.), Whisky warehouse guards hereafter advertised a Dollar day, at which time a private institution, is in the hands will be armed with sawed-off shotguns many articles of goods were to be of Frank W. Jackson, a state bank to keep liquor bandits away, say prosold for $1, the clergymen of the city examiner, as receiver. It has deposits hibition officials at Washington. advertised that they, too, would cut of approximately $750,000. prices on weddings. Some of the minArticle 19 of the naval treaty, dealisters announced that any couple A total of 95 persons were killed ing with the status quo of fortificawould be married on that day for a and over 100 others injured in the tions in the Pacific, was agreed to at single dollar. The reduced rate stimucollapse-under the weight of three lated the matrimonial market. Washington by the United States, feet of snow-of the roof of the Great Britain and Japan. Springfield.-The rules for filing Knickerbocker theater, a motion picprimary petitions will be the same ture house at Washington. The Supreme court of the United this year as in former years, the secStates at Washington recessed until retary of state announced. The first The charred body of a young white Monday, February 27. day for filing petitions for the primary man, bound with wire between two election on April 11 will be February trees, was found near Bollinger, Ala. The Supreme court of the United 10, and the last day will be March 2. The body is believed to be that of States at Washington denied to owners In accordance with established cusBrew Connor, missing since Christof whisky held in government bonded tom petitions received in the regular mas. warehouses their claimed right to mail on the morning of February 10 withdraw it on payment of taxes and will be filed before any others. John Kavanaugh suffered a paralytic remove the liquor to their homes. Springfield.-Efficient medical inspecstroke in the Marshall county court tion of children in the schools of the at Moundsville, W. Va., when he was The request of the Bolivian governstate is being strongly emphasized by sentenced to five years in the penitenment for representation in the forththe state department of public tiary for setting fire to his home to coming treaty of Ancon conference in health. The department says that collect insurance. Washington between Peru and Chile many times when a child becomes ill has been refused by President Hardand proper examination is not made to Dr. Ella B. Everitt, professor of ing at Washington. determine the exact nature of the illgynecology of the Woman's Medical ness, a disease not recognized as sericollege and widely known in medical Notice was served on Republican ous is spread among the children of circles, was killed when her automoleaders of the house at Washington by the schools and into their families, bile was struck by a motortruck at Representative Frea of Wisconsin, a causing an epidemic. Philadelphia. Chicago The oscane of ucky Republican member of the ways and