Amherst Bank (Amherst, OH)

Episode Information

Episode UID
3729182391548
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
372918239 hash
Start Date
December 20, 1928
Location
Amherst, Ohio (41.398, -82.222)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5aba8822d8775bb3

Response Measures

None

Description

Articles mention a director's suicide and disagreement among directors; permanent closure is implied but not explicit.

Events (2)
1. December 20, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Distress tied to internal troubles including the suicide of director Jacob Baus and director disagreements that undermined confidence.
Measures
All depositors were paid (per reports); special meeting called; audit ordered; plan for takeover arranged.
Newspaper Excerpt
Run Closes Amherst Bank
Source
newspapers
2. December 20, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was closed following the run and internal crisis; state banking department ordered audit and arrangements for takeover were made.
Newspaper Excerpt
bank would be closed and an audit started
Source
newspapers

Newspaper Articles (2)
1. December 20, 1928 The Portsmouth Times Portsmouth, OH
Article from The Portsmouth Times, December 20, 1928

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Article Text

Run Closes Amherst Bank (Continued From Page One) may within six weeks his profes the bank Is solvent. Bank was found day. long before the opening, long line depositors was milling about the bank All were paid and a special meeting of called last had verdict of suicide in the death of Baus. The cot under way but was five hours before directors were able to agree riosing and word was to Blair to inke over the Institution, All early chees of the bank's did not stow any OR for the protection of depositors.

2. December 20, 1928 Telegraph-Forum Bucyrus, OH
Article from Telegraph-Forum, December 20, 1928

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Article Text

the state banking depart over the company which morning, E. H. Blair of banks, announced fice here. According to Blair immediately following Jacob Baus, 60, director last Monday Blair bank would be closed an audit started & is in Amherst today lieved plan would whereby the bank can six weeks W. H. Schibley is Amherst bank was 5, 1906 with capital and surpluses are equal to that amount sets to the last parment attorney, to Amherst W. Ske aminer. has been in An eral days checking the