Citizens State Bank (Napoleon, OH)

Episode Information

Episode Type
Suspension → Run → Closure
Start Date
December 16, 1908
Location
Napoleon, Ohio (41.392, -84.125)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
391043773
Model
gpt-5-mini
Short Digest

Notes

Assignment/receiver named (D. D. Donovan); depositors reacted after assignment notice was posted.

Events (4)
1. December 16, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Over-loans/poor loans and the failure of the Ohio German Insurance Company precipitated the assignment.
Newspaper Excerpt
The Citizens' State bank assigned last night.
Source
newspapers
2. December 16, 1908 Receivership
Newspaper Excerpt
The Citizens' State bank assigned to D. D. Donovan last night.
Source
newspapers
3. December 17, 1908 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors rushed to withdraw funds after notice of assignment/closure due to heavy/over-loans and related insurer failure.
Newspaper Excerpt
farmers drove in to draw money with which to pay their taxes.
Source
newspapers
4. December 17, 1908 Other
Newspaper Excerpt
Men cried and women fainted in the streets of Napoleon when they found a notice of assignment posted on the doors of the Citizens' State bank. ... farmers drove in to draw money with which to pay their taxes.
Source
newspapers

Newspaper Articles (11)
1. December 16, 1908 Albuquerque Citizen Albuquerque, NM
Article from Albuquerque Citizen, December 16, 1908

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Article Text

OHIO BANK ASSIGNS. Napoleon, Ohio, Dec. 16.-The Citizen's State bank assigned to D. D. Donovan last night. The failure is said to have been caused by bad loans and it is also stated 2 that it was brought about by the Ohio German Insurance company's failure.

2. December 16, 1908 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, December 16, 1908

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Article Text

BANK ASSIGNS. NAPOLEON, O., Dec. 16-The citizens State bank assigned last night. The failure is said to have been brought about by the Ohio Gorman Insurance Company's failure. The bank is capitalized at $71,000 and has an undivided surplus of $20.000. The deposits amount to $835,000.

3. December 16, 1908 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, December 16, 1908

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Article Text

Ohio Bank Assigns. Napoleon, Ohio, Dec. 16.-The Citizens' State bank assigned last night. The failure is said to be caused by over loans. The bank is capitalized at $71,000, has an undivided surplus of $21,000 and the deposits amount to $83,000.

4. December 16, 1908 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 16, 1908

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Article Text

OHIO BANK FAILS. Napoleon, Ohio, Dec. 16.-The Citizens state bank assigned to D. D. Donovan last night. The failure is said to have been caused by poor loans and it is also stated that it was brought back by the Ohio German insurance companies failure.

5. December 17, 1908 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, December 17, 1908

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Article Text

Ohio Bank Closes. Napoleon, O., Dec. 16.-The Citizens' State Bank assigned to D. D. Donovan last night. The failure is said to have been caused by over loans and by the failure of the Ohio German Insurance Company.

6. December 17, 1908 Ottumwa Tri-Weekly Courier Ottumwa, IA
Article from Ottumwa Tri-Weekly Courier, December 17, 1908

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Article Text

Ohio Bank Assigns. Napoleon, Ohio, Dec. 16.—The Citizens State bank assigned last night. The failure is said to have been caused by overloans. The bank was capitalized at $71,000 and has an undivided surplus of $21,000. The deposits amounted to $83,000.

7. December 17, 1908 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, December 17, 1908

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Article Text

Partly Due to Overloans. Napoleon, O., Dec. 16.-The Citizens' State bank assigned to D. D. Donovan. The failure is said to have been caused by overloans, and it is further claimed it was brought about by the Ohio German Insurance company's failure.

8. December 17, 1908 The Advocate Charleston, WV
Article from The Advocate, December 17, 1908

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Article Text

Ohio Bank Assigns I Napoleon, Ohio, Dec. 16.-The Citizens State Bank assigned last night. The failure is said to have been brought about by the Ohio German Insurance Company's failure.

9. December 18, 1908 The Norfolk Weekly News-Journal Norfolk, NE
Article from The Norfolk Weekly News-Journal, December 18, 1908

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Article Text

Bank of Napoleon Fails. Napoleon, O., Dec. 17.-The Citizens' State bank assigned to D. D. Donovan. The failure is said to have been caused by poor loans and it is also stated that it was brought about by the Ohio German Insurance company's failure.

10. December 18, 1908 The Winchester News Winchester, KY
Article from The Winchester News, December 18, 1908

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Article Text

Napoleon Bank Assigns. Napoleon, O., Dec. 17.-Men cried and women fainted in the streets of Napoleon when they found a notice of assignment posted on the doors of the Citizens' State bank. Dramatic scenes were enacted as the streets rapidly filled with residents of the town and farmers drove in to draw money with which to pay their taxes. D. D. Donovan was named assignee. President Miller of the bank is now confined in a hospital in a Minnesota town. Excessive loans to the Ohio German Fire Insurance company is assigned as the cause of the bank's failure.

11. December 24, 1908 Missouri Valley Times Missouri Valley, IA
Article from Missouri Valley Times, December 24, 1908

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Article Text

OHIO BANK ASSIGNS. Napoleon, Ohio, Dec. 18.-The Citi zens State bank assigned last night The failure is said to be caused by over-loans.