Akron Savings Bank (Akron, OH)

Episode Information

Episode UID
851063191252
Episode Type
Suspension โ†’ Reopening
Bank Type
savings
Bank ID
85106319 hash
Start Date
April 5, 1904
Location
Akron, Ohio (41.081, -81.519)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
25c063a00693f173

Response Measures

None

Events (3)

1. April 5, 1904 Receivership
Newspaper Excerpt
common pleas court appointed G. W. Seiber and Wm. Buchtel receivers of the institution.
Source
newspapers
2. April 5, 1904 Suspension
Cause
Correspondent
Cause Details
Akron Clearing House Association compelled the bank to make all its clearings in cash, precipitating the closing.
Newspaper Excerpt
The doors of the Akron Savings Bank were closed today and receivers appointed.
Source
newspapers
3. April 6, 1904 Reopening
Newspaper Excerpt
The Akron Savings bank... reopened its doors to-day for business, with the receivers in charge.
Source
newspapers

Newspaper Articles (14)

Article from Evening Times-Republican, April 5, 1904

Click image to open full size in new tab

Article Text

Akron Bank Closes. Akron, Ohio, April 5.-The doors of the Akron Savings Bank were closed today and receivers appointed. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. William Buchtell is president of the bank. The capital stock is $200,000; surplus, $50,000; deposits, $850,000.


Article from The Daily Telegram, April 5, 1904

Click image to open full size in new tab

Article Text

AKRON SAVINGS BANK CLOSES. By Associated Press. Akron, Ohio, April 5-The Akron Savings Bank closed its doors to-day. G. W. Seibet and William Duchtell were appointed receivers of the bank. be clearing house demanded the bank ke its clearings in cash. This ed the suspension. The capital of institution is $200,000; surplus, $50.000: deposits, $850,000. An official statement of the bank's condition published yesterday showed resources to be $1,151,910 and the lia. bilities the same.


Article from The Daily Tribune, April 5, 1904

Click image to open full size in new tab

Article Text

TWO BANK FAILURES. Guthrie, Oklahoma, Bank Creates Great Excitement. Guthrie, Okla., April 5-The Na tional Bank Examiner Sturdevant today took charge of the Capital Na tional bank of this place as receiver. The failure of this supposed solid intitution has caused gieat excitement and general rerget. Many prominent citizens will lose heavily by the fail. ure Akron, O., April 5-The Akron Savings bank failed today. No reasou for the closing of its doors are given.


Article from Deseret Evening News, April 5, 1904

Click image to open full size in new tab

Article Text

Akron, O., Bank Fails. Akron, April 5.-The Akron Savings bank closed its doors today. The common pleas court appointed G. W. Seiber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000 and deposits amounting to about $850,000.


Article from Evening Star, April 5, 1904

Click image to open full size in new tab

Article Text

Akron Savings Bank Closes Doors. AKRON, Ohio, April 5.-The doors of the Akron Savings Bank were closed today and the common pleas court appointed G. W. Serber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000; surplus, $50,000, and deposits amounting to about $850,000.


Article from Rock Island Argus, April 7, 1904

Click image to open full size in new tab

Article Text

Bank Reopens for Business. Akron, O., April 7.-The Akron Savings bank, which closed Tuesday, has reopened its doors for business, with the receivers,


Article from The Waxahachie Daily Light, April 7, 1904

Click image to open full size in new tab

Article Text

Depositors Safe. Akron, O., April .-The Akron Savings bank, which closed Tuesday, reopened its doors Wednesday for business, with receivers in charge. Suits to enforce stockholders' liability law have been filed, and as a majority of the stockholders are people of wealth It is certain that depositors will not lose a ce. L


Article from The Daily Morning Journal and Courier, April 7, 1904

Click image to open full size in new tab

Article Text

Akron Bank Opens Again. Akron. O., April 6.-The Akron Savings bank, which closed yesterday and opened its doors to-day for business with the receivers, William Buchtel and G. W. Sieber in charge. It is practically certain that their depositors will not lose a cent.


Article from The Indianapolis Journal, April 7, 1904

Click image to open full size in new tab

Article Text

Savings Bank Reopens. AKRON, O., April 6.-The' Akron Savings Bank, which closed yesterday, reopened its doors to-day for business, with the receivers, William Buchtel and G. W. Sieber, in charge. While the officials of the bank have not issued a formal statement, it is believed that the depositors will be paid in full.


Article from The Stark County Democrat, April 8, 1904

Click image to open full size in new tab

Article Text

The Akron Savings bank which went by the boards has opened its doors for business under the direction of the receivers who were appointed by the court. It is said the bank had a good volume of business, but there was poor management and neglect.


Article from The Labor World, April 9, 1904

Click image to open full size in new tab

Article Text

BANK RE-OPENS AKRON, Ohio, April 6.-The Akron Savings bank which closed yesterday re-opened its doors today for business with the receivers in charge. It is believed that the depositors will be paid in full.


Article from Chicago Eagle, April 9, 1904

Click image to open full size in new tab

Article Text

Bank Forced to Assign. The doors of the Akron, Ohio. Savings Bank were closed Tuesday and the Common Please Court appointed G. W. Selber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash.


Article from Wausau Pilot, April 12, 1904

Click image to open full size in new tab

Article Text

Akron Savings Bank Fails. The doors of the Akron, Ohio, Savings Bank were closed Tuesday and the Common Pleas Court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash.


Article from The Stark County Democrat, August 23, 1904

Click image to open full size in new tab

Article Text

TO BUY THE bank. Akron Savings Bank Receivers Considering a Propooltion. Akron, O., Aug. 19. George Bates, cashier of the Second National bank today made a proposition to the receivers of the Akron Savings bank to buy all the assets of the bank. His offer is $300,000 and will take in all the bills, notes and overdrafty. The receivers are considering the proposition.