Owensboro Savings Bank (Owensboro, KY)

Episode Information

Episode UID
8198195891300
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
819819589 hash
Start Date
April 1, 1908*
Location
Owensboro, Kentucky (37.774, -87.113)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8db284bfe64d661d

Response Measures

None

Description

Failure/receivership tied to Parrish brothers' mismanagement and worthless paper; no article describes a depositor run.

Events (4)

1. April 1, 1908* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Management by the Parrish brothers led to liabilities exceeding assets, issuance of worthless bills/notes and insolvency.
Newspaper Excerpt
The disaster, which last April affected western Kentucky ... was the largest failure in the history of Kentucky.
Source
newspapers
2. December 11, 1908 Other
Newspaper Excerpt
Receiver Pedley said that over a half million of the bills and notes of the Owensboro Savings bank were absolutely worthless.
Source
newspapers
3. October 30, 1911 Receivership
Newspaper Excerpt
Elias Shull was today appointed receiver for certain Topeka property owned by the defunct Owensboro Savings bank, of Owensboro, Ky.
Source
newspapers
4. December 13, 1911 Other
Newspaper Excerpt
The receiver of the defunct Owensboro Savings Bank announced ... he had funds on hand to pay the unsecured depositors 2 per cent.
Source
newspapers

Newspaper Articles (5)

Article from The Adair County News, June 10, 1908

Click image to open full size in new tab

Article Text

Excessive heat killed 10 people in a single day in Pittsburg. Mrs. Clara Wesson killed herself at Houston, Texas, because her husband would not kiss her good night. A band of 30 night riders shotup the town of Hathaway, in Boone county, and scraped the plant beds of several farmers in the vicenity. Nineteen indictments charging night riding were returned by the Shelby county grand jury. Many of the men accused live in Franklin county, near the Shelby line. W. W. Spence, a millionaire, of Springfleld, Mass., on his way to Kentucky to complete a deal for a large tract of coal land, died suddenly on a train at Olive Hill. The six Parrish brothers, who were principal owners and founders of the Owensboro Savings Bank, have assigned, making no reservation. Their liabilities are largely in excess of assets. W. L. Krone, county attorney of Lyon county, was assaulted and severely beaten at Eddyville by Harvey Satterfield, who is under bond to await the action of the grand jury on the charge. of night riding. Gov. Wilson pardoned Mrs. Mary Lou Hollowell, who was under indictment i n Caldwell county on the charge of scraping a plant bed. Mrs. Hollowell and her husband were driven from the State by night riders. Under orders from Gov. Hanly and Attorney General, Bingham, the gambling houses at French Lick were raided, but the news had leaked out and the paraphernalia had been removed when the officers arirved. A special from Pikeville says the five men charged with murderous assault on two Hungarian families on Blackberry creek, in Pike county, several days ago, were captured, tried and each sentenced to five years in the penitentiary. J. W. Harmon, a policeman, and Charles Woodburn, were instantly killed and J. R. Wooten, chief of police, was badly wounded in a shooting affray at Central City. The three men quarreled among themselves and emptied their revolvers at each other. A petition was filed in the United States court at Nashville on behalf of the Interstate Commerce Commission to compel the Nashville, Chattanooga and St. Louis railway to provide equal accomodations for Negroes as that given white passengers. Walker Duncan and Riley Harrod, well-known Shelby county farmers, were indicted on the charge of killing Newton R. Hazelett, whose body was found on the road near Jacksonville. Duncan admitted the killing and took all responsibility for the act.


Article from The Paducah Evening Sun, December 11, 1908

Click image to open full size in new tab

Article Text

Worthless Paper Hawesville, Ky., Dec. 11. (Special) In testifying in the Parrish case Receiver Pedley said that over a half million of the bills and notes of the Owensboro Savings bank were absolutely worthless.


Article from The Roswell Daily Record, December 21, 1908

Click image to open full size in new tab

Article Text

& Trust Co., was insolvent, today reported it could not agree and was discharged. The alleged liabilities were about one million dollars and resolved in the receivership of the bank. The disaster, which last April affected western Kentucky and Southern Indiana and Cincinnati depositors, was the largest failure in the history of Kentucky. The specific charge was that of H. T. Martin, who asserted that Parrish, who with his two brothers, was in charge of the affairs of the Owensboro Savings Bank's affairs, received deposits of $130 a few days before the bank failed.


Article from The Topeka State Journal, October 30, 1911

Click image to open full size in new tab

Article Text

Elias Shull was today appointed receiver for certain Topeka property owned by the defunct Owensboro Savings bank, of Owensboro, Ky. Application for a local receiver to take charge of the bank's Topeka property was made- by T. A. Pedley, receiver of the Kentucky bank, who is now making the final reports in liquidating the affairs of the bank. The Topeka. property consists of lots on Winfield and Michigan avenues and will be held by the receiver.


Article from The Adair County News, December 13, 1911

Click image to open full size in new tab

Article Text

The receiver of the defunct Owensboro Savings Bank announced last week that he had funds on hand to pay the unsecured depositors 2 per cent. He said he hoped to pay 20 per cent., at final settlement.