Bank of Bond - Bond, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1909*
Location: Bond, Mississippi

Metadata

Model: gpt-5-mini
Short Digest: 623c4512

Response Measures

None

Description

Bank discontinued business in January 1909 and later paid depositors in full. In 1914 stockholders petitioned to appoint an agent/receiver to wind up remaining assets for distribution to stockholders. No run is mentioned; suspension appears voluntary/closure.

Events (2)

1. January 1, 1909* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank discontinued business (voluntary winding up) in January 1909 and subsequently paid depositors in full.
Newspaper Excerpt: the bank, which discontinued business January, 1909, and afterwards paid the depositors in full.
Source: newspapers

2. February 16, 1914 Receivership

Newspaper Excerpt: Upon the petition of the stockholders of the Bank of Bond, F. W. Foote has been appointed by Chancellor J. Morgan Stevens to dispose of the remaining assets for distribution of the proceeds among the stockholders and the complete winding up of the affairs of the bank, which discontinued business January, 1909, and afterwards paid the depositors in full.
Source: newspapers

Newspaper Articles (1)

1. February 16, 1914 The Hattiesburg News Hattiesburg, MS

Article from The Hattiesburg News, February 16, 1914

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Article Text

TO WIND UP AFFAIRS OF BANK OF BOND Upon the petition of the stockholders of the Bank of Bond, F. W. Foote has been appointed by Chancellor J. Morgan Stevens to dispose of the remaining assets for distribution of the proceeds among the stockholders and the complete winding up of the affairs of the bank, which discontinued business January, 1909, and afterwards paid the depositors in full. The only reason for the present movement for a receiver is to permit the sale of certain real estate and the disposition of the remaining assets which all go to the stockholders. S