Blanchester Bank (Blanchester, OH)

Episode Information

Episode UID
3586610191286
Episode Type
Run → Suspension → Closure
Bank Type
private
Bank ID
358661019 hash
Start Date
February 1, 1907*
Location
Blanchester, Ohio (39.293, -83.989)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
994bf75e28c12674

Response Measures

None

Description

Articles report an immediate depositor run precipitating assignment/bankruptcy; asset/liability numbers vary across reports.

Events (3)
1. February 1, 1907* Run
Cause
Rumor Or Misinformation
Cause Details
Alleged misrepresentations led depositors to withdraw funds, triggering a run related to the Novelty Works bankruptcy.
Newspaper Excerpt
Through alleged misrepresentations a run was made on the bank with the above result.
Source
newspapers
2. February 7, 1907 Other
Newspaper Excerpt
The Blanchester bank has assigned for the benefit of its creditors. Its liabilities are estimated at $60,000 and the nominal assets are $140,000.
Source
newspapers
3. February 7, 1907 Receivership
Newspaper Excerpt
Blanchester bank assigned Wednesday. The liabilities are $60,000.
Source
newspapers

Newspaper Articles (4)
1. February 7, 1907 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, February 7, 1907

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Article Text

A Bank Assigns. Blanchester. O., Feb. 7.-Blanches ter bank assigned Wednesday. The liabilities are $60,000. E. D. Smith the president, was the wealthiest man in this section of the county. Seven hundred acres of land and $100,000 worth of property are involved. Fol lowing on the heels of the Novelty bankruptcy it has made the greatest sensation ever known here. Many de positors are frantic over the outlook but more conservative persons see a fair outlook. Great developments are expected. The bank was involved in the Novelty bankrupt case and as signed to treat all equal.

2. February 7, 1907 The Daily Telegram Clarksburg, WV
Article from The Daily Telegram, February 7, 1907

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Article Text

BLANCHESTER, O., Feb. 7-The Blanchester bank has assigned for the benefit of its creditors. Its liabilities are estimated at $60,000 and the nominal assets are $140,000.

3. February 21, 1907 The Greenville Journal Greenville, OH
Article from The Greenville Journal, February 21, 1907

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Article Text

BANK IN BANKRUPTCY, And President at Home in a Condition of Collapse. Blanchester.-The Blanchester bank filed papers in bankruptcy. Liabilities are $100.000 and assets the same. E. D. Smith, president of the institution, was one of the wealthiest men in Clinton county, and the institution became involved through the bankruptcy of the Blanchester Novelty Works. Through alleged misrepresentations a run was made on the bank with the above result. President Smith lies at home in a condition of collapse. Mrs. Smith is in the south, but has been notified by telegram. The failure involves 700 acres of land, a large number of town properties and the bank, but Mr. Smith's friends and heavy depositors believe he will pay in full. The failure created a great deal of excitement among the small depositors.

4. February 21, 1907 The News-Herald Hillsboro, OH
Article from The News-Herald, February 21, 1907

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Article Text

BANK IN BANKRUPTCY, And President at Home In a Condition of Collapse. Blanchester.-The Blanchester bank filed papers in bankruptcy. Liabilities are $100,000 and assets the same. E. D Smith, president of the institution, was one of the wealthiest men in Clin ton county, and the institution became involved through the bankruptcy of the Blanchester Novelty Works. Through alleged misrepresentations a run was made on the bank with the above re sult. President Smith lies at home in a condition of collapse. Mrs. Smith is in the south, but has been notified by telegram. The failure involves 700 acres of land, a large number of town properties and the bank, but Mr Smith's friends and heavy depositors believe he will pay in full. The failure created a great deal of excitement among the small depositors.