Article (Macon Chronicle-Herald, 1926-04-16) states the Farmers Bank of Newtown, Sullivan County, was closed today by the board of directors. No run or reopening mentioned. Closure appears to be a board-ordered suspension/closure (voluntary action), so classified as suspension leading to permanent closure.
Events (1)
1.April 16, 1926Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors ordered the bank closed; article gives no indication of a depositor run or government receivership.
Newspaper Excerpt
Farmers Bank of Newtown, Sullivan County, was closed today by the board of directors according to word received by the State Finance department here.
Source
newspapers
Newspaper Articles (1)
1.April 16, 1926Macon Chronicle-HeraldMacon, MO
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Article Text
Newton Bank Closes
Farmers Bank of Newtown. Sullivan County, was closed today by the board of directors according to word received by the State Finance department here.