Owensboro Savings Bank & Trust Company (Owensboro, KY)

Episode Information

Episode UID
1461119091395
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
146111909 hash
Start Date
March 20, 1916
Location
Owensboro, Kentucky (37.774, -87.113)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
36f097df581ebf2f

Response Measures

None

Description

Articles describe a past failure with receiver in control and final distribution; exact suspension/closing date not given.

Events (3)
1. March 20, 1916 Receivership
Newspaper Excerpt
T.A. Pedley, receiver of the defunct Owensboro Savings Bank & Trust Company, which closed several years ago, has reported that he has in his hands property of the bank valued at $125,000.
Source
newspapers
2. July 5, 1918 Other
Newspaper Excerpt
the receiver for the Owensboro Savings Bank and Trust Company has just made out the last distribution of the funds to the depositors ... brings the total up to 14 per cent.
Source
newspapers
3. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Mismanagement of the bank leading to failure (James Parish prosecuted and imprisoned)
Newspaper Excerpt
the defunct Owensboro Savings Bank & Trust Company, which closed several years ago
Source
newspapers

Newspaper Articles (2)
1. March 22, 1916 The Hartford Herald Hartford, KY
Article from The Hartford Herald, March 22, 1916

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Article Text

Receiver Makes Report. Owensboro, Ky., March 20.-T.A. Pedley, receiver of the defunct Owensboro Savings Bank & Trust Company, which closed several years ago with liabilities amounting to nearly $1,000,000, has reported that he has in his hands propert of the bank valued at'$125,000. The Fern Hills coal property is valued at $30,000. The receiver now has in his hands $1,028. There has been paid out $10,090 in attorneys' fees since the failure of the bank.

2. July 5, 1918 The Hartford Republican Hartford, KY
Article from The Hartford Republican, July 5, 1918

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Article Text

BUSTED BANK WOUND UP. The receiver for the Owensboro Savings Bank and Trust Company has just made out the last distribution of the funds to the depositors of that defunct institution, which brings the total up to 14½ per cent. This is the Parish bank, the failure of which caused much excitement in Daviess and adjoining counties a few years ago, and for the mismanagement of which James Parish was sent to the penitentiary.