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The Calhoun Chronicle
Grantsville, Calhoun County, West Virginia
What is this article about?
In Huntington, W. Va., W. R. Kyger, cashier of the Central Banking Co., was twice indicted on misdemeanor counts by the Cabell County grand jury after the bank was closed by state commissioner S. P. Smith. The jury resolved to investigate bank examiner reports alleging the institution carried capital stock as an asset illegally for a year. Kyger has not been arrested.
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Report of State Commissioner to Be Investigated By County.
Huntington, W. Va.—W. R. Kyger, cashier of the Central Banking Co., whose doors were closed several days ago by S. P. Smith, state commissioner of banking, was twice indicted on misdemeanor counts by the Cabell county grand jury. Before adjourning the jury passed a resolution asking Prosecutor Simms to look into the reports of the state bank examiner on the condition of the bank. It is alleged that "the institution has been carrying a certain amount of capital stock as an asset in violation of the law for the past year," according to the resolution. Mr. Kyger has not been arrested.
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Domestic News Details
Primary Location
Huntington, W. Va.
Key Persons
Outcome
twice indicted on misdemeanor counts; bank closed; resolution to investigate reports; not arrested.
Event Details
W. R. Kyger, cashier of the Central Banking Co., was twice indicted on misdemeanor counts by the Cabell county grand jury after the bank was closed by S. P. Smith, state commissioner of banking. The jury passed a resolution asking Prosecutor Simms to investigate state bank examiner reports alleging the bank carried capital stock as an asset in violation of law for the past year.