Commercial Bank - Clarksdale, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 13, 1926
Location: Clarksdale, Mississippi (34.200, -90.571)

Metadata

Model: gpt-5-mini
Short Digest: 61c96deb

Response Measures

None

Description

The article reports the Commercial Bank of Clarksdale closed and was turned over to the State bank examiner for liquidation on Dec 13, 1926. No run is mentioned; closure appears to be regulator/insolvency driven (examiner takeover for liquidation).

Events (2)

1. December 13, 1926 Receivership

Newspaper Excerpt: notice was posted that the bank had been turned over to the State bank examiner for liquidation.
Source: newspapers

2. December 13, 1926 Suspension

Cause: Government Action
Cause Details: Bank closed and turned over to the State bank examiner for liquidation; reasons cited: general conditions, slow collections and decline in deposits.
Newspaper Excerpt: The Commercial Bank of Clarksdale closed its doors today and a notice was posted that the bank had been turned over to the State bank examiner for liquidation.
Source: newspapers

Newspaper Articles (1)

1. December 13, 1926 Evening Star Washington, DC

Article from Evening Star, December 13, 1926

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Article Text

MISSISSIPPI BANK CLOSES Clarksdale Institution to Pay Depositors in Full. CLARKSDALE, Miss., December 13 (AP).The Commercial Bank of Clarksdale closed its doors today and a notice was posted that the bank had been turned over to the State bank examiner for liquidation. The bank was capitalized at $200,000, and an announcement made by J. O. Lamkin, president, placed the deposits at approximately $430,000. General conditions, slow collections and a decline in deposits were assigned by Mr. Lamkin as the reasons for the closing. He declared the depositors would be paid in full.