Mount Victory Bank (Mount Victory, OH)

Episode Information

Episode UID
56081571546
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
5608157 routing
Routing Number
56-0815
Start Date
October 1, 1928*
Location
Mount Victory, Ohio (40.534, -83.520)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6444dc5228db2f9c

Response Measures

None

Events (2)
1. October 1, 1928* Suspension
Cause
Government Action
Cause Details
Closed by the state banking department at the request of the bank president; 'frozen assets' cited as cause.
Newspaper Excerpt
Three weeks ago the doors of the Mt. Victory bank ... were closed by the state banking department, at the request of President H. E. Dickinson. Frozen assets were given as the cause of the banks closing.
Source
newspapers
2. December 22, 1930 Receivership
Newspaper Excerpt
Dividends were [paid] to depositors of the defunct Mount Victory Bank ... the State Banking Department announced.
Source
newspapers

Newspaper Articles (6)
1. November 6, 1928 Sidney Daily News Sidney, OH
Article from Sidney Daily News, November 6, 1928

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Article Text

DESPONDENT OVER QUARREL WITH GIRL Kenton o Nov 6 - Doors of the Kenton Savings Bank and Trust Company, did not open for business today for the first time since it was instituted 50 years ago. While the bank remained closed state supuertendent of banks, Blair and state examiners went over the books at the request of bank President W. A. Norton. The bank remained closed today after a heavy run by customers that began yesterday about noon. Three weeks ago the doors of the Mt. Victory bank also of Hardin County were closed by the state banking department, at the request of President H., E. Dickinson. Frozen assets were given at the cause of the banks closing. Chicago-Billy Showers, St. Paul middleweight, who was carried from the ring unconscious last night after being knooked out by Shuffle Callahan, was reported resting comfortably at a hospital here today. Showers' improved condition fostered the hope of friends that no serious consequences would result from the terrible beating he received. St. Louis, Roy C. Toombs, former president of the International life insurance company, is expected to surrender here today on a warrant charging him with grand largeny, circuit attorney Howard C. Sidener announced. The warrant for Toombs arrest was issued after the collapse of the life insurance company when it was learned that $3,500,000 was missing from the company's vaults. Marriage License Marriage license was issued to Harley Knoop and Agnes Willey of Shelby County. Rev. Thomas was named to officiate,

2. November 6, 1928 The Daily Sentinel-Tribune Bowling Green, OH
Article from The Daily Sentinel-Tribune, November 6, 1928

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Article Text

Bank O., Nov. the Kenton Savings Bank Trust not open for business today for the first time since instituted 50 years ago. While bank remained closed State of Banks Blair and state went the books the request Bank President bank remained closed today after heavy customers that by began yesterday about noon. Three weeks of the ago the doors Mt. Victory bank also of Hardin county closed the by banking department. the request Dickison Frozen assets as the cause of the bank's closing.

3. November 7, 1928 The News-Messenger Fremont, OH
Article from The News-Messenger, November 7, 1928

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Article Text

BANK AT KENTON CLOSED AFTER RUN KENTON, Nov. Doors the Kenton Savings Bank Trust Company did not open for business today first time since was instituted years While the bank remained closed, State Supt. of Banks Blair and state examiners went over the books the request of Bank PresiNorton. The bank remained closed today after heavy run customers began yesterday about Three ago the doors of the Mt. Victory bank, also of Hardin county, closed by the state department, the request President Dickinson Frozen assets were given as the cause of the bank's closing.

4. November 9, 1928 The Shelby County Democrat Sidney, OH
Article from The Shelby County Democrat, November 9, 1928

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Article Text

DESPONDENT OVER QUARREL WITH Kenton 0 Nov 6 Doors of the Kenton Savings Bank and Trust Company, did not open for business today for the first time since it was instituted 50 years ago. While the bank remained closed state supuertendent of banks, Blair and state examiners went over the books at the request of bank President W. A. Norton. The bank remained closed today after a heavy run by customers that began yesterday about noon. Three weeks ago the doors of the Mt. Victory bank also of Hardin County were closed by the state banking d'epartment, at the request of President H., E. Dickinson. Frozen assets were given at the cause of the banks closing. Chicago-Billy Showers, St. Paul middleweight, who was carried from the ring unconscious last night after being knocked out by Shuffle Callahan, was reported resting comfortably at a hospital here today. Showers' improved condition fostered the hope of friends that no serious consequences would result from the terrible beating he received. St. Louis, Roy C. Toombs, victorious. former president of the International life insurance company, is expected to surrender here today on a warrant charging him with grand larceny, circuit attorney Howard C. Sidener announced. The warrant for Toombs arrest day. was issued after the collapse of the life insurance company when it was learned that $3,500,000 was missing from the company's vaults. Marriage License Marriage license was issued to Harley Knoop and Agnes Willey of Shelby County. Rev. Thomas was named to officiate, County Morgue,

5. December 23, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, December 23, 1930

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Article Text

BANK PAYMENT MADE. Columbus, Ohio, December 22(AP) Dividends were depositors of the defunct Mount Victory Bank and the Unio Savings Comof Youngstown today, the State Banking Department announced. Dividend of per and those of the Mount Victory Bank received second dividend 10 per cent amounting RIVER STEAMBOATS UPPER OHIO. THE PITTSBURGH CINCINNATI PACKET Stea.ner and foot Main Street, every all Va. Phones Main 1897 and 4752.

6. January 21, 1932 Marysville Journal-Tribune Marysville, OH

Article Text

DOINGS BANK RECEIVER ERINGS SUITS D. P. Anderson, receiver of The First National Bank of Richwood, has taken judgement on a cognovit note against C. B. Phelps, Rich wood for $8,153.18 with interest at 8 per cent from January 20. 1932. and costs. Robert F. Allen, of Rich wood, is plaintiff's attorney. Mr Anderson as receiver has also brought suit to recover money on three other cognovit notes, an other one against C. B. Phelps for $170.28 with per interest from January 20, 1932, and costs; also two against George Y. Arthur, one for $3,225.67 with 8 per cent inter est from January 20, 1932, and the other one for $2,997.38 with per cent interest from January 20, 1933 and costs. Mr. Allen is attorney for the receiver in all four of the cases. CASE IS CON INUED. The suit of Bessie Levy, of Cleve land against William Zollman of this city, to recover $10,000 damages as result of an auto accident, which was to have been heard at Delaware on Tuesday, has been postponed indefinitely. John W. Dailey is Mr. Zollman's at torney. * DONOHUE TO PAY HALF. Clayton Donohue changed his plea of not guilty to that of guilty of being implicated with Ross Covy in taking three cases of Lash's Biters from Braun's store room in East Fifth street, where Harry Martin was formerly in business and was assessed half of the costs, and has agreed to pay for half of the costs. Covey's hearing takes place Friday afternoon before Jus tice J. H. Kinkade. TO FILE PETITION. In the suit of D. P. Anderson, receiver of The First National Bank of Richwood L. J. McCoy and others, the plaintiff is given leave to file his supplemental petition instanter. RECEIVER PAYS CLAIMS. C. W. Sloop, receiver for Luther Laughrey, has been ordered to pay the following ciaims out of chattel property sold, in the suit brought against Laughrey by The Claibourne Finance Company of Richwood J. M. Cushman, auctioneer, $17.38; D. E. Ogan, clerk, $10; The Richwood Gazette, advertising, $7.50; Don Taylor, Owen Beem and Guy Prettyman, $3 each as appraisers. The chattels sold for $816.27 PROCEEDS DISTRIBUTED. Proceeds have been distributed in the sale of the George W. East m-an farm for $3000 to The Federal Land Bank of Louisville, as follows: Court costs, $135.67; taxes, $1044.16. The balance of the money goes to the purchaser, leaving due The Federal Land Bank of Louisville on its judgment $6537 with interest from January 20, 1932. Any liens of B H, Snell and the superintendent of banks of Ohio in the matter of the liquidation of the Mt. Victory Bank by virtue of its judgments and levies are extinguished and cancelled by the sale and distribution.