Citizens Savings Bank (Salem, OH)

Episode Information

Episode UID
56031171590
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
5603117 routing
Routing Number
56-0311
Start Date
June 18, 1932
Location
Salem, Ohio (40.905, -80.849)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dfcaf215b617bccc

Response Measures

None

Events (2)
1. June 18, 1932 Receivership
Newspaper Excerpt
J. C. Van Peet, special deputy in charge of the liquidation of the Citizens Savings bank of Salem, has filed an application ... and I. J. Fulton, in charge of the liquidation of the Citizen's Savings bank of Salem and In liquidation of Citizens Savings bank, Salem, court order for allowance of $200 for additional expense.
Source
newspapers
2. June 18, 1932 Suspension
Cause
Government Action
Cause Details
State superintendent/deputy placed bank in liquidation and is disposing of assets under court authority.
Newspaper Excerpt
in charge of the liquidation of the Citizens Savings bank of Salem
Source
newspapers

Newspaper Articles (5)
1. June 18, 1932 The Evening Review East Liverpool, OH

Article Text

BANK RECEIVER TO SELL BONDS Deputy in Charge of Salem Bank Asks Authority to Dispose of Institution's Assets. LISBON—J. C. Van Peet, special deputy in charge of the liquidation of the Citizens Savings bank of Salem, has filed an application in common pleas court for authority to sell $5,000 bonds held as assets of this institution. The application relates that for a block of $3,000 four and one-half percent Franklin sewer bonds a bid of $95 has been made, and for a block of $2,000 Village of Parma bonds there is an offer of $50. The latter block is in small denominations and the last bond is not due until 1940.

2. September 20, 1932 The Evening Review East Liverpool, OH

Article Text

SUIT FILED BY BANK RECEIVER LISBON — A foreclosure action has been filed in common pleas court by I. J. Fulton, in charge of the liquidation of the Citizen's Savings bank of Salem, against Lester B. Woolman and others, seeking judgment for $2,000 at 7 per cent interest from Feb. 27, 1930. The amount is claimed to be owing on a note secured by mortgage. 2 a. m. Sunday. Clocks in Midland will be turned back one hour next Sunday at 2 a. m. when the borough returns to Eastern Standard time after using daylight savings time since the latter part of May. Midland has used "fast" time for about five years.

3. September 27, 1932 The Evening Review East Liverpool, OH

Article Text

LISBON—In two actions filed by Beulah Mae Kurtz against Walter L. Kurtz, one for an attachment and another for an accounting, the court has granted leave to the defendant to file answer in both causes on or before Oct. 24. There has been a settlement out of court and at the costs of the defendant in the attachment action filed by Edna A. Grimm against Herman C. Willison, and without further record. H. W. Young, as receiver, in the case of The First National Bank of Salem, against Stephen C. Jessup Pattern Works, has been authorized by the court to lease the property to Howell & Williams. I. J. Fulton, superintendent of state banks, in charge of the liquidation of the Citizens Savings Bank of Salem, has been authorized by Judge W. F. Lones to pay $1,075 to the police fund and firemen's pension fund. The bank, however, has been ordered to retain in its possession the $5,000 Silesian Land Owners Association Land Bank six percent bonds for a better market.

4. March 27, 1934 The Salem News Salem, OH

Article Text

News From Court House New Common Pleas Suits Alice E. Scott vs. James T. Scott, pottery decorator, Hopewell, Va., divorce. Infidelity. East Palestine Building & Loan association vs. Pearl Sutherin et al., Sebring, O., foreclosure, judgment sought for $3,949.50 and interest. Common Pleas Entries Goldie M. Hastings vs. Stanley W. Hastings, divorce. Defendant ordered to pay plaintiff $50 as counsel fees and $15 for support each two weeks. Hadley. Jury waived, trial to court, judgment for plaintiff for $554.12 and interest from Aug. 20, 1931, and costs. St. Clair Refining Co., vs. R. E. Engle, et al., appeal. Leave to defendant to file answer at once. In liquidation of Kensington State bank, state superintendent of banks ordered to file a report. In liquidation of Citizens Savings bank, Salem, court order for allowance of $200 for additional expense. Sam Guitone vs. Scottish & National Ins. Co., on claim of $925. Cause settled out of court.

5. March 27, 1934 The Salem News Salem, OH

Article Text

Hadley. Jury waived, trial to court, judgment for plaintiff for $554.12 and interest from Aug. 20, 1931, and costs. St. Clair Refining Co., vs. R. E. Engle, et al., appeal. Leave to defendant to file answer at once. In liquidation of Kensington State bank, state superintendent of banks ordered to file a report. In liquidation of Citizens Savings bank, Salem, court order for allowance of $200 for additional expense. Sam Guitone vs. Scottish & National Ins. Co., on claim of $925. Cause settled out of court.