Farmers Savings & Trust Company (Mansfield, OH)

Episode Information

Episode UID
2805344591583
Episode Type
Run → Suspension → Reopening
Bank Type
trust
Bank ID
280534459 hash
Start Date
November 4, 1931
Location
Mansfield, Ohio (40.758, -82.515)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c48453e0b94b719b

Response Measures

None

Events (5)
1. November 4, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady withdrawals by depositors (loss of confidence leading to heavy withdrawals).
Newspaper Excerpt
Two Ohio banks closed last week, the Farmers' Savings and Trust Co. at Mansfield... The reason given for the closing of both banks was steady withdrawals by depositors.
Source
newspapers
2. November 4, 1931 Suspension
Cause
Government Action
Cause Details
State banking department took the bank over (suspension/closing by regulators).
Newspaper Excerpt
state banking department today taken over the ... Farmers Savings and Trust company of Mansfield
Source
newspapers
3. April 15, 1932 Other
Newspaper Excerpt
Ira Fulton, superintendent of banks in charge the liquidation of the Farmers Savings Trust Co., today asked pleas court to declare null and void ... in satisfaction of judgment for creditors ... represented by Attorney General ... to protect the interests of the creditors.
Source
newspapers
4. June 15, 1932 Reopening
Newspaper Excerpt
Closed six months ago, the Farmers Savings and Trust company of Mansfield reopened today under an agreement with depositors to make only 10 per cent of the deposits subject to immediate payment. The plan was sanctioned by the state banking department.
Source
newspapers
5. July 14, 1932 Other
Newspaper Excerpt
The Farmers Savings Bank & Trust Co., will pay another 10 percent, amounting to $150,000, to depositors tomorrow.
Source
newspapers

Newspaper Articles (8)
1. November 4, 1931 The Kokomo Tribune Kokomo, IN

Article Text

BANK KY., OF ONE AT SIZEONE IN INDIANA. Ky., Nov. rectors of the with of nearly bank, resources 500,000, voted not to open and turned its affairs the state banking department. Heavy forced the The withdrawals the Citizens institution took over here eighteen months ago. bank published statement showThe ed deposits of One Rossville. Nov. Union State Bank of Rossville, did not open its Clinton doors Luther state banking nounced. The institution was italized $25,000. Total resources the bank were The president given institution Beyler and the cashier, Odrian Smith In Mansfield, Ohio. Columbus, Nov. state banking department today taken over the nounced Farmers Savings and Trust comof for pany The bank had stock on Sep$282,500 and resources of $2,973,770.

2. November 13, 1931 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, November 13, 1931

Click image to open full size in new tab

Article Text

Mansfield and Dayton Banks in Big Crash CLEVELAND, O.-Two Ohio banks closed last week, the Farmers' Savings and Trust Co. at Mansfield, O. and the Union Trust Company at Dayton. The reason given for the closing of both banks was steady withdrawals by depositors. The Dayton bank was one of the largest in the city. Its reported resources on September 29 amounted to over $3,000,000.

3. April 15, 1932 News Journal Mansfield, OH

Article Text

REALTY TRANSFER ATTACKED IN SUIT Of Conveyance Pact Dissolution Asked In Court Ira Fulton, superintendent of banks in charge the liquidation of of the Farmers Savings Trust Co., today asked pleas court to declare null and void by Frank M. Neff to his wife, Minnie Neff. of estate levied on by the plaintiff satisfaction of judgment for secured of alleged in that defendant, Mr. Neff. has transferred the real estate to his he judgment awarded The plaintiff, represented by Attor General Gilbert and Prosecuting Attorney Kalbasks the interests the creditors be protected.

4. June 14, 1932 The Times Recorder Zanesville, OH

Article Text

Seek Men Who Robbed Seville Bank SEVILLE June Ohio tonight who today walked gunmen the Seville State bank, tied the cashier and about They month third picked up the The both and wearing overalls, entered shortly and president the them Looting they disappeared was lost near The Sheriff Bufup by Medina north Seville. ON TRIALS YOUNGSTOWN tax ments today the Mahoning county judges and decide will held before 1933 The pected to the county $15,000. KILLED BY TRAIN Hugh Bates, councilBaltimore & the prominent in state Ma. sonic TO REOPEN BANK MANSFIELD June Reopening the Farmers closed resume

5. June 15, 1932 The Evening Review East Liverpool, OH

Article Text

MANSFIELD BANK REOPENS. By The Associated Press. MANSFIELD, O., June 15.—Closed six months ago, the Farmers Savings and Trust company of Mansfield reopened today under an agreement with depositors to make only 10 per cent of the deposits subject to immediate payment. The plan was sanctioned by the state banking department. Harvard university has acquired an ancient book, "The Book of Troy," printed at Augsburg about 1478.

6. July 15, 1932 The Public Ledger Maysville, KY

Article Text

She's Nicest Dog! So Doctors Operate New York, July 13-Little Lucy Graux, just 11 years old, walked into a hospital for the rupture and crippled carrying in her arms a little white puppy-dog. "This is Trixie," she told Dr. Edward Barnett, "and her leg is broken, and the dog-doctor said he would have to kill her; but I didn't want him to kill her because she is the nicest dog in the world, and so I brought her to your hospital." Dr. Barnett called in three other doctors. This was no simple case. It called for consultation, X-rays were made. The doctors pondered. Finally they placed Trixie on the operating table, put her to sleep with hypodermic, carefully reduced the fracture and put the leg in cast. Lucy Graux, beaming. and with a frightened but convalescing Trixie in her arms, looked up at the four doctors. "Thank you very much," she said "I was very sorry to bother you, but Trixie just couldn't die, because she is the nicest dog in the world." The doctors bowed. "You are entirely welcome," they smiled back. The hospital cashier cast a startled look at the doctors, shrugged his shoulders and tore up the bill. Mansfield, O., July 14-The Farmers Savings Bank & Trust Co., will pay another 10 percent, amounting to $150,000, to depositors tomorrow.

7. November 4, 1932 News Journal Mansfield, OH

Article Text

'OFFICER 666' HARRY DOTSON To The News ASHLAND, Nov. 4-Harry Dotson and Miss June Hale of Mansfield have prominent parts in the farce, "Officer 666", which will be presented in McDowell auditorium here Saturday at 8 p.m. as the climax of the college's homecoming day program. Dotson is cast in the title role. ilized now both in Ohio and in other states. Many Already Reopened Among the banks reopened this year are several of unusual size, such as the Dollar Savings & Trust Co. and the City Trust & Savings bank, both of Youngstown; the George D. Harter bank, Canton; the Richland Trust Co. and the Farmers' Savings & Trust Co., both of Mansfield, and the City Savings Bank & Trust Co., Alliance. Other important institutions reopened included the Seville State bank, Seville; the Farmers' & Citizens' Banking Co., Monroeville; the Antwerp Exchange bank, Antwerp, and the Bank of Leipsic Co., Leipsic. Theodore H. Tangeman, state director of and member of Governor White's cabinet, has assisted Superintendent Fulton in working out the bank reopening plans which the state department has put into effect. A student of finance, he has been in position to render effective aid in the state's bank reorganization work. Charles G. Saffin Jr., attorneyexaminer in the department of banks, has been factor in all of the bank reopenings worked out by the department.

8. November 4, 1932 The Evening Review East Liverpool, OH

Article Text

Large Banks Reopen Among the banks reopened this year are several of unusual size, such as The Dollar Savings and Trust Co. and The City Trust and Savings Bank, both of Youngstown; The George D. Harter Bank, Canton; The Richland Trust Co. and The Farmers Savings and Trust Co., both of Mansfield, and the City Savings Bank and Trust Co., Alliance. Other important institutions reopened included The Seville State Bank, Seville; The Farmers and Citizens Banking Co. Monroeville; The Antwerp Exchange Bank, Antwerp, and The Bank of Leipsic Co., Leipsic. Theodore H. Tangeman, director of Commerce, and member of Governor White's cabinet, has assisted Superintendent Fulton in working out the bank reopening plans