Citizens Bank (Yellow Springs, OH)

Episode Information

Episode UID
3727172191267
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
private
Bank ID
372717219 hash
Start Date
July 13, 1905
Location
Yellow Springs, Ohio (39.806, -83.887)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9ab708dd79760353

Response Measures

None

Description

The bank initially suspended due to heavy withdrawals (run) and was placed in receivership, but reports indicate it was expected to reopen and reorganize as a national bank.

Events (4)

1. July 13, 1905 Run
Cause Details
Steady withdrawal of deposits over two months leading to illiquidity.
Newspaper Excerpt
Cause, withdrawal of deposits during the last two months. Could not turn fast enough to meet it longer.
Source
newspapers
2. July 13, 1905 Suspension
Cause Details
Inability to meet continued withdrawal of deposits.
Newspaper Excerpt
The Citizens' Bank of Yellow Springs, a private institution, failed to open its doors this morning.
Source
newspapers
3. July 23, 1905 Receivership
Newspaper Excerpt
Howard Applegate and George H. Drake were appointed receivers of the Citizens' Bank of Yellow Springs today.
Source
newspapers
4. July 23, 1905 Reopening
Newspaper Excerpt
It is expected that the bank will open for business in a few days... Out of the private bank a national one will be organized.
Source
newspapers

Newspaper Articles (12)

Article from Evening Star, July 13, 1905

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Article Text

BANK FAILED TO OPEN. Private Institution Unable to Meet Demands. SPRINGFIELD, Ohio, July 13.-The Citizens' Bank of Yellow Springs, a private institution, failed to open its doors this morning. There had not been the slightest intimation that the bank was in trouble until after banking hours this morning, when the following notice was found on the door: "Bank closed. Cause, withdrawal of deposits during the last two months. Could not turn fast enough to meet It longer. Will do our best to relleve depositors." The bank was securely locked, and S. S. Puckett, the cashier, could not be located. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $25,000 and $30,000. It has always been regarded as a safe Institution. Its president, J. F. Stewart: S. S. Puckett, the cashier, and the latter's brother, L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits of the village. Business has practically been suspended in the town, and there is great excitement. It is thought that the notice was put up last night.


Article from The Montgomery Advertiser, July 14, 1905

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Article Text

Country Bank Closes. Springfield, O., July 13.-The Citizens Bank of Yellow Springs, a private institution, failed to open its doors this There had not been the morning. slightest intimation that the bank was in trouble until after banking hours this morning. The bank was a private institution and in the absence of any statement it is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds, practically all the lodge and church money and nearly all the individual deBusiness has posits of the village. practically been suspended in the town and there is much excitement.


Article from Americus Times-Recorder, July 14, 1905

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Article Text

Illinois Bank Goes to Wall, Springfild, O., July 13.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors this morning. There had not been the slightest intimation that the bank was in trouble until after bank ing hours this morning. The bank was a private institution and in the absence of any statement is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds, practically all the lodge and church money and nearly all the individual deposits of the village. Business has practically been suspended in the town, and there is much excitement.


Article from Gainesville Daily Sun, July 15, 1905

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Article Text

Illinois Bank Goes to Wall. Springfield, O., July 14.-The zens' bank of Yellow Springs, private institution, failed to open 118 doors this morning. There had not been the slightest intimation that the bank was in trouble until after bank ing hours this morning. The bank was a private institution and in the absence of any statement is thought to owe depositors between $25,000 and $30,000. It had on deposit the village and school board funds. prac tically all the lodge and church money and nearly all the individual deposits of the village. Business has prace tically been suspended in the town, and there is much excitement


Article from New Ulm Review, July 19, 1905

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Article Text

OHIO BANK FAILS. Action Causes Great Excitement as Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett. the cashier, and the latter's wife, Mrs. L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.


Article from River Falls Journal, July 20, 1905

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Article Text

is said, was entirely successful. Three men were killed and two probably fatally injured in a freight wreck on the Iowa Central railroad, near Richland, Ia. Health Commissioner Darlington of New York has been given permission to establish an immense sanitarium for the treatment of consumptive patients. Paul Jones' body will reach Annapolis July 22 and will be met by Admiral Evans' fleet and a French warship. A new theatrical combine composed of Belasco, the Shuberts and Mrs. Fiske will oppose the syndicate with 15 companies and a circuit of playhouses. The teamsters' strike has SO taxed the finances of the city of Chicago that the deficit at the end of the year may reach $1,500,000. The whist experts of the American association elected J. Eberhard Faber of New York as president for the ensuing year. Chairman Shontz of the Panama canal commission, after an interview with President Roosevelt at Sagamore Hill, said that hereafter the public would be kept fully informed regarding health conditions on the isthmus, which he declared had been grossly exaggerated. A Chicago fraternal order of Jews offered financial aid for nationalizing of Israelites. Otto Siedel, Jr., whose confession caused 104 indictments for boodling in Milwaukee, was arrested on a charge of stealing county furniture. The receiver of the defunct Central national bank of Boston has sued the former directors for $500,000 which he says was stolen from the stockholders. Secretary Root is confronted with world problems in the orient, Morocco, Venezuela and Domingo. He will extend and expand the policy of the late Secretary Hay. A strenuous tenure of office is promised. Two hundred and fifty New York policemen were called to quell a riot started by the arrest of a colored man. Many persons were seriously injured during the fighting. Two persons were killed and many injured in an Eastern Illinois wreck at Steger, Ill., caused by an open switch. Coroner Siegelstein's inquiry into the fatal wreck of the Twentieth Century limited train at Mentor, O., closed without locating the blame. Weekly trade reviews report satisfactory progress, the absorption of supplies in the interior being liberal, while collections are good. Lightning struck the new "Old South Church," in Boston, causing demage $2.000 The Citizens' bank of Yellow Springs, O., a private institution, failed. No definite statement has been made by any official as to the liabilities, but citizens of the village in a position to know say that the bank is indebted to depositors *000'09$ JO $40.00 JO amount the 07 It is understood Walter Reeves, of Streator, Ill., will be appointed by the proper court as the receiver of the Illinois creditors of C. J. Devlin. The pay roll of the miners in Illinois was taken care of by Chicago banks. P. C. Renfrow and Thurston Plowman were killed at Cogar, Oklahoma, in a quarrel that is said to have arisen over school matters. e that anthority poor uo stated si 7I German-Swedish alliance is seriously contemplated. The question, it is said, was discussed at conferences between Emperor William and King Oscar on board the imperial yacht Hohenzollern, at Gefla, Sweden. President Roosevelt has declined the invitation extended by the commonwealth government at Melbourne to Miss Alice Roosevelt to visit Australia. One person was killed and 14 injured, two probably fatally, by a tornado which swept a portion of the Rosebud reservation in South Dakota. A contribution to the United States treasury conscience fund just received carries the total amount beyond the $400,000 mark. The conscience fund TI81 up etablished was Heat was the cause of 19 deaths in New York city, making a total of 60 since the hot wave started. Testimony given before Superintendent of Insurance Hendricks, of New York, showed that Equitable officers swore away taxes for years. Mrs. Richard Yates, wife of the exgovernor of Illinois, was robbed of jewels valued at $3,000. John D. Rockefeller, alarmed by attacks recently made on his methods, has become fearful for his personal safety and increased his bodyguard at his residence in Cleveland, O. Federal officials in Chicago are planning an early trial for the packers indicted for violation of the Sherman anti-trust law. The report that Secretary Wilson of the department of agriculture will resign on account of the cotton leak scandal is utterly discredited. Chairman Morton says Depew has not resigned as an Equitable director, contradicting the senator. Walter Scott, the mining Croesus of Death Valley, who left Los Angeles on a special train, arrived in Chicago 41 minutes ahead of schedule, having covered the distance of 2,265 miles in


Article from Warren Sheaf, July 20, 1905

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Article Text

OHIO BANK FAILS. Action Causes Great Excitement as Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett, the cashier, and the latter's wife, Mrs. L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.


Article from The Worthington Advance, July 21, 1905

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Article Text

OHIO BANK FAILS. Action Causes Great Excitement as Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S.S. Puckett, the cashier, and the latter's wife, Mrs. L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.


Article from The Ely Miner, July 21, 1905

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Article Text

OHIO BANK FAILS. Event Causes Great Excitement As Practically All of a Town's Funds Are Tied Up. Springfield, O., July 14.-The Citizens' bank of Yellow Springs, a private institution, failed to open its doors Thursday morning. There had not been the slightest intimation that the bank was in trouble. The bank was a private institution, and, in the absence of any statement, is thought to owe depositors between $40,000 and $50,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett, the cashier, and the latter's wife, Mrs. L.W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits in the village. Business has practically been suspended in the town and there is great excitement. It is thought that the notice was put up about midnight.


Article from Vilas County News, July 24, 1905

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upbraided habits. Peary's ship, Roosevelt, saile from New York on voyage to th north pole. He will join the vessel : Cape Breton. John D. Rockefeller, through his a torney, denies the charge of Miss Ta bell that he wronged his former frien John Corrigan, in a stock deal. Thomas F. Ryan is said to hav agreed to sell Hyde stock back to th Equitable for $2,500,000, thus insurir thorough mutualization. Superintedent of Insurance Hen ricks issued a statement defendin his action in the Equitable case. Su pression of testimony is denied. The Milwaukee grand jury takes v the purchase of the new morgue sit in which the "gang" in the count board is said to have made $17,000. Sentiment among members of the I y. legislature in favor of an Equi able investigation is growing and Go ernor Higgins will be urged to act. A former German army officer disa pears from Marinette, Wis., and supposed to have killed himself as t1 result of a grewsome duel compact. At Broadhead, Wis., LaFayette E sor, aged 55, shot himself after : tempting to kill his wife, aged 50, the climax to a series of fami troubles. Samuel Reymer, who married dancing girl, is practically disinher ed by the will of his millionaire fathe which is filed for probate in Pitt burg. W. B. Howell, a millionaire cotte planter of Pine Bluff, Ark. committ suicide in New York because physical were unable to save him from blin ness. District Attorney McGovern of M waukee, considering the batch of indictments returned by the gra jury says: "We hope to do much b: ter." The president has decided to c congress to meet in extra sessi Nov. 10 to consider rate legislati and will send in a strong message . the subject. Equitable disclosures start a clam for the scalp of Chauncey M. Depe who may be forced out as a direct of the society and thus lose a Ya trusteeship. George H. Drake and Howard App gate were appointed receivers of t closed 0 Citizen's bank of Yello Springs, Ohio. The bank probab will be respened. Chairman Shonts' policy as to SO of the engineering problems of ti canal will depend cn a visit 10 1 isthmus. He is determined to ma zone healthy and habitable. President Roosevelt, in an addre to physicians of Long Island, scor the Panama "quitters,' and in prai ing the medical profession pays tribute to General Leonard Wood. Morris K. Jesup of New York gai $25,000 for Commander Peary arctic expedition, completing ti $50,000 needed, and the explorer I clares he surely will reach the nor pole.


Article from Arizona Republican, July 24, 1905

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SUSPENDED BANK TO REOPEN. Citizens' of Yellow Springs, Ohio, to Reorganize as a National. Springfield, Ohio. July 23.-Howard Applegate and George H. Drake were appointed receivers of the Citizens' Bank of Yellow Springs today. Their joint bond was fixed at $25,000. It is expected that the bank will open for business in a few days, and that all of the depositors will get their money. President Stewart says the liabilities are $30,000 and the assets $40,000. Out of the private bank a national one will be organized.


Article from Wausau Pilot, July 25, 1905

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CRIPPLES WHOLE OHIO VILLAGE. The Citizens' Bank of Yellow Springs Closes Its Doors. The Citizens' bank of Yellow Springs, Ohio, a private institution, failed to open its doors the other morning. There had not been the slightest intimation that the bank was in trouble until banking hours that morning, when the following notice was found on the door: "Bank closed. Cause, withdrawal of deposits during the last two months. Could not turn fast enough to meet it longer. Will do our best to relieve depositors." The bank was securely locked and S. S. Puckett, the cashier, could not be located. The bank was a private institution and in the absence of any statement is thought to owe depositors between $25,000 and $30,000. It has always been regarded as a safe institution. Its president, J. F. Stewart, S. S. Puckett, the cashier, and the latter's brother, L. W. Puckett, are the owners. It had the village and school board funds, practically all the lodge and church money and nearly all the individual deposits of the village. Business has practically been suspended in the town and there is great excitement.