Smithville Bank - Smithville, WV

Episode Information

Episode UID: 1476482091280
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 147648209 hash
Start Date: August 17, 1906
Location: Smithville, West Virginia

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b66b20580787d795

Response Measures

None

Description

Receiver appointed and cashier held responsible; article describes permanent failure rather than a temporary suspension.

Events (1)

1. August 17, 1906 Receivership

Newspaper Excerpt: Judge Woods ... named W. H. Westphal ... as receiver of that institution.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1906 The Fairmont West Virginian Fairmont, WV

Article from The Fairmont West Virginian, August 17, 1906

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Article Text

RECEIVER FOR RUINED BANK JUDGE WOODS PLACES INSTITUTION IN HANDS OF WESTPHAL-CASHIER OUT ON BOND. PARKERSBURG, Aug. 17.-Judge Woods, in the Circuit Court of Ritchie county, on the application of stockholders as creditors, yesterday named W. H. Westphal, one of the biggest stockholders" of the ruined Smithville bank, ,as receiver of that institution. Mr. Westphal gave bond at once and took charge. The appointment is said to be very satisfactory to all of the stockholders, all of whom - are very much pleased with the present outlook as it is said the bank has assets sufficient to pay out the deposits without assessment on the stockholders, which was more than at first anticipated. George Clammer, cashier, who was held responsible, for the bank's condition, was released from jail giving bond in the penalty of $20,000 as re: quired by law. Several well known and responsible citizens became his surety.