10956. Bank of Collins (Collins, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 21, 1930
Location
Collins, Mississippi (31.645, -89.555)

Metadata

Model
gpt-5-mini
Short Digest
f0c6a19d

Response Measures

None

Description

Contemporary reports (Nov 1930) state the Bank of Collins 'closed its doors' and 'closed Friday.' No mention of depositor run or receivership in these excerpts; closure appears permanent (reported among other failed banks closed for liquidation). Exact cause not given in the articles.

Events (1)

1. November 21, 1930 Suspension
Cause Details
Article gives no explanation for the closing; listed among numerous small banks that closed for liquidation in November 1930 in Mississippi.
Newspaper Excerpt
Friday last week the Bank of Collins, at Collins, closed its doors.
Source
newspapers

Newspaper Articles (2)

Article from Chattanooga Daily Times, November 23, 1930

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Article Text

company, of Madisonville. He failed to make bond of $300. Mississippi Bank Fails. JACKSON, Miss., Nov. 22 (P).-Failure of the Bank of Sallis, in Attalla county, was reported here tonight by S. Love, of state banks. No statement was made by banking officials as to the cause of the closing Love said deposits to between $75,000 and $80,000 The Bank of Collins at Collins closed Friday.


Article from Chattanooga Daily Times, November 25, 1930

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Article Text

at Walo, Bank of Manila at Manila, Bank Knobel Knobel, the State bank at Monette and the Viola State Viola. Those pending the Bank Maynard Maynard, County at and Bank Glenwood at Glenwood, all small The closings reported today brought to seventy the number which have pended closed for liquidation in the six have reopened, the five today The other the National bank Heber Springs, which resumed business last week closing for two The state banking department said reports of additional banks reopened several were known to be prepared to resume busiThe unprecedented number of bank closings in the past week suspension the American Exchange Trust company, Little Rock. Banks, of the American Exwhich he head, Banks holds interest in many of the other institutions which have closed. Bank Closes. JACKSON, Miss., Nov. 24 Bank of Sallis failed to open for business Saturday J. S. Love, superintendent of state banks, announced the closing the Sallis bank, which is in Attala county. Deposits were estimated at $75,000, with resources $200,000. Friday last week the Bank of Collins, at Collins, closed its doors.