10920. Bank of Batesville (Batesville, MS)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
December 17, 1931
Location
Batesville, Mississippi (34.311, -89.944)

Metadata

Model
gpt-5-mini
Short Digest
7d31f09d

Response Measures

None

Other: This response uses two articles: 1931-12-17 report of a run and state superintendent taking charge; 1932-03-15 report of reopening under a plan with staged withdrawals.

Description

Dec 17, 1931 article reports a run on the Bank of Batesville and that state Superintendent Love 'took charge' and closed the bank (government intervention). A March 1932 item reports the bank reopened under a plan allowing graduated withdrawals. OCR errors in articles (e.g., 'Bank Hope' vs 'Bank of Pope' and garbled March article) corrected where obvious. Suspension appears due to state takeover following the run; reopening occurred by March 1932.

Events (3)
1. December 17, 1931 Run
Cause Details
Article only states there was a run on the bank; no specific trigger (rumor, insolvency, or correspondent failure) is given.
Measures
State Bank Superintendent Love took charge; bank closed its doors.
Newspaper Excerpt
The Bank of Batesville, at Batesville, Miss., ... closed doors and were taken charge of by State Bank Superintendent Love, after run on the Batesville bank.
Source
newspapers
2. December 17, 1931 Suspension
Cause
Government Action
Cause Details
State Bank Superintendent took charge of the bank and closed it following the run.
Newspaper Excerpt
The Bank of Batesville ... closed doors and were taken charge of by State Bank Superintendent Love.
Source
newspapers
3. March 15, 1932 Reopening
Newspaper Excerpt
The Bank of Batesville and its branch ... closed for opened unique plan operation. Under depositors, accounts will be left the Depositors may withdraw 20 per the first year; second, another after third. and 40 per cent
Source
newspapers

Newspaper Articles (2)
1. December 18, 1931 The Tennessean Nashville, TN
Article from The Tennessean, December 18, 1931

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Article Text

Mississippi Bank and Its Subsidiary Close JACKSON, Miss., Dec. 17-(P)The Bank of Batesville, at Batesville, Miss., and its subsidiary, the Bank Hope, at Hope Miss., temclosed doors and were taken charge of by State Bank Superintendent Love, after run on the Batesville bank. Superintendent Love declined to comment on the bank, or give any financial figures. "The Bank of Batesville failed. It isn't news any more" was his only remark. The statement on state banks issued yearly by the state banking department shows that the Bank of Batesville had capital stock of $35,000, surplus fund of $20,000 and resources of approximately $500, 000. Walter Pipkin was president and C. S. Smith vice-president.

2. March 15, 1932 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 15, 1932

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Article Text

SOUTHERN BANK REOPENS. Batesville, Miss. March The Bank of Batesville and its branch, the Bank of Pope, at Pope, Miss., closed for opened unique plan operation. Under depositors, accounts will be left the Depositors may withdraw 20 per the first year; second, another after third. and 40 per cent