10951. Planters Bank (Clarksdale, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 30, 1930
Location
Clarksdale, Mississippi (34.200, -90.571)

Metadata

Model
gpt-5-mini
Short Digest
7f6b194e

Response Measures

None

Description

Articles state 'Planters' Bank closed on December 30' and a receiver (F. Rawlings) is acting for the bank and selling bonds and suing debtors in 1931. No article mentions a depositor run; the bank was closed and in receivership, so classified as suspension leading to permanent closure. Date of closure inferred as December 30, 1930 (article dated Feb 21, 1931 refers to the bank having closed on December 30). Bank charter type not specified in sources, so set to unknown.

Events (3)
1. December 30, 1930 Suspension
Cause
Government Action
Cause Details
Bank closed and placed into receivership by court action; receiver later authorized to sell bonds.
Newspaper Excerpt
the Planters' Bank closed on December 30
Source
newspapers
2. February 21, 1931 Receivership
Newspaper Excerpt
F. Rawlings, the National Bank receiver ... was placed on the minutes ... the receiver was authorized the bonds ... the Planters' Bank closed on December 30 F. Rawlings, receiver of the Planters Bank of Clarksdale, has filed suit ... (Sept. 18, 1931 article confirms receiver still acting).
Source
newspapers
3. September 18, 1931 Other
Newspaper Excerpt
Bank Receiver Sues Bilbo on Note For $500 F. Rawlings, receiver of the Planters Bank of Clarksdale, has filed suit ... for $500 on their note ... dated Sept. 26, 1926 ... alleged that no part of the note has been paid. (This documents receiver's collection actions.)
Source
newspapers

Newspaper Articles (3)
1. February 21, 1931 Clarion-Ledger Jackson, MS
Article from Clarion-Ledger, February 21, 1931

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Article Text

RECEIVER MAY SELL BONDS CLARKSDALE, Feb. der signed by Judge Edwin Holmes of Yazoo City, federal tudge for southernd ivision of Mississippi, was placed on the minutes the delta division of United States district court yesterday, Rawlings, the Natitonal Bank pay the Union Planters bonds chased that institution before the Planters' Bank closed on December 30 as repurchase agreement. The receiver was authorized the bonds the First SecuriBank of Memphis at $213,500.

2. September 18, 1931 The Shreveport Journal Shreveport, LA
Article from The Shreveport Journal, September 18, 1931

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Article Text

Bank Receiver Sues Bilbo on Note For $500 Press.) BILOXI, Miss., Sept. 18 F. Rawlings, receiver of the Planters Bank of Clarksdale, has filed suit in federal court here Gov. Theo Bilbo and Linda A. Bilbo for $500 on their note to the bank dated Sept. 26, 1926, for one year. drawing per cent interest, with attorney's fees provided in the note. It is alleged that no part of the note has been paid. The case is returnable, Feb. 15. WOMAN KILLED BY RAM. Press.) Sept. 18.Mrs. Mallie Jones, 84, was injured fatally today when a large ram at tacked her on farm near here. She was knocked down and her leg broken in three places. She lalso suffered about the h and face, dying 30 minutes later.

3. September 19, 1931 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, September 19, 1931

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Article Text

BANK RECEIVER SUES BILBO FOR $500 NOTE the Planters Bank of Clarksdale, has filed suit in federal here against Theo Bilbo Linda Bilbo for the dated 26. 1926, one year, with attorneys' provided the note. alleged that part of the note has been paid. The case is returnable February 15.