Dollar Savings Bank (Bridgeport, OH)

Episode Information

Episode UID
56052071516
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
5605207 routing
Routing Number
56-0520
Start Date
April 1, 1926*
Location
Bridgeport, Ohio (40.072, -80.744)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7c5b59620fc136fe

Response Measures

None

Description

Articles report the bank closed about a year before Apr 1927 amid embezzlement/defalcation; indictments of former cashiers mentioned.

Events (1)

1. April 1, 1926* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure following discovered defalcations/embezzlement (about $100,000 missing) and subsequent liquidation.
Newspaper Excerpt
The Dollar Savings Bank here closed year ago.
Source
newspapers

Newspaper Articles (2)

Article from The Urbana Daily Citizen, April 23, 1927

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Article Text

87th Ohio Assembly Closes Work In All-Night Session $200,000 GONE SO OHIO BANK CLOSES DOORS By United Press BRIDGEPORT O., April 22-A notice stating the Bridgeport Bank company had been closed by the directors pending the examination of records. was posted on the door of the concern's new banking room this morning. A bank official was said to have confessed defalcations that may approximate $200,000. The Dollar Savings Bank here closed year ago. The Bridgeport Bank company was depository for the state bank ing department in the liquidation of the Dollar Bank and the funds that had been collected for pay ment of dividend to depositors in the defunct bank are tied up anew. The bank is the seventh to fail in this part of Ohio in three years. Nine Measures Backed By Republican Majority Members Are Enacted. By United Press O., April 22.Amid scenes of boisterous disord. er the 87th Ohio general assembly completed its work early today and after an all-night session re cessed until May The senate quit work at 3:20 o'clock this morning and the house finished its task just twenty minutes later. Before adjourning both branches indefinitely postponed action on all bills remaining on the calen. dars. This virtually means the death of every bill which had not passed the two branches as the action was intended to prevent the bills being revived when the re. cess ends. By United Press tion enacted by the 87th general as sembly included nine measures backed by the Republican majority members as program" bills dealing with taxa tion and financial problems They were The Aigler corporation franchise tax: the Kumler utilities clse tax Sullivan gasoline tax in crease; Kreuger act. providing uni form method for Issuance of bonds by counties. municipalities and school boards Jones act repealing Inter for ten-mill tax limitation recod ifying the taxation Norton bill relieving counties and townships of further financial co-operation build Ing main highways the $50,000.000 general appropriations hill the Jones emergency bill. authorizing school boards to borrow in of distribution of funds for weak school districts Dode rect tax levy bill, vetood by Donahey Bolton Bill isses As supplemental bill the legislature passed the Bolton emer geney authorizing the state to borrow $750,000 the constitutional Ilm It. to meet current operating needs Some of the most controversial measures before the assembly and which widespread general Interest killed or permitted to die without final action Among these were The Hill measure to prohibit Sun day dancing and roller skating: the (Continued on Page Two)


Article from Chillicothe Gazette, September 28, 1927

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Article Text

OHIO NEWS BRIEFED FOR BUSY ONES Happenings of Interest During Past 24 Hours Briefly Told. CAMBRIDGE-Joseph Robe, 65, Newark. engineer, was killed when the engine and baggage car of a Baltimore and Ohio passenger train left the tracks about three miles west of here. T. A. Albun, 45. fireman. also of Newark. is suffering from possible fatal burns. ST. OLAIRSVILLE-William Thomas. former cashier of the Bridgepart Banking Company. and Henry Fox, former cashier of the Dollar Savings Bank at Bridgeport, were indicted here yesterday, charged with embeszlement and falsifying records. The Bridgeport company failed with a shortage of $400,000 and the Dollar Bank closed with $100,000 missing. CINCINNATI-Denial that it infringed patent rights on a mechanical rabbit used in dog races at the park near Hamilton, O., is contained in an answer filed in federal court here, yesterday, by the Springdale Amusement company. The suit was brought by Mrs. Hannah M. Smith. administratrix of the estate of Owen