Pleasant Hill Bank - Pleasant Hill, OH

Episode Information

Episode UID: 307627391501
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 30762739 hash
Start Date: January 20, 1925
Location: Pleasant Hill, Ohio (40.053, -84.345)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 1d6e7685cd6d24da

Response Measures

None

Description

Article describes a prior closure with state inspectors' involvement and an imminent reopening; a run is anticipated but not yet reported.

Events (3)

1. January 20, 1925 Reopening

Newspaper Excerpt: Pleasant Hill people are anticipating a run on the bank when it opens Tuesday morning.
Source: newspapers

2. January 20, 1925 Run

Cause: Bank Specific Adverse Info
Cause Details: Anticipated withdrawals due to prior reported losses and because reopening coincided with final tax payment day leaving many depositors' funds tied up.
Measures: Directors were required to make loans good (restore loan quality) before state inspectors consented to reopening.
Newspaper Excerpt: Pleasant Hill people are anticipating a run on the bank when it opens Tuesday morning.
Source: newspapers

3. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Losses from bad loans/mortgages led to state inspection and requirement to make loans good prior to reopening.
Newspaper Excerpt: directors were forced to make each loan good before the state inspectors would consent to re-opening of the institution.
Source: newspapers

Newspaper Articles (1)

1. January 20, 1925 Miami Union Troy, OH

Article from Miami Union, January 20, 1925

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Article Text

age out of the surplus of the bank. Mr. Scott states that the capital of the Pleasant Hill bank is in no way impaired and that the affairs of the institution are now in good shape. While the official report shows a loss of only $26,440.40, this does not represent the entire loss to the bank and board of directors. Loss occurring from bad loans and mortgages is not included in the report of the state officials. Just what this amount is, has not been made known and probably never will be. The directors were forced to make each loan "good" before the state inspectors would consent to re-opening of the institution. Pleasant Hill people are anticipating a "run" on the bank when it opens Tuesday morning. This will be due largely to the fact that the opening falls on the same day that final payment of taxes can be made. Many citizens of the village and Newton township have not paid their assessments as all money was tied up in the Pleasant Hill bank.