Itawamba County Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: December 26, 1930
Location: Fulton, Mississippi (34.274, -88.409)

Metadata

Model: gpt-5-mini
Short Digest: b844f93f

Response Measures

Full suspension

Other: Multiple Mississippi banks 'closed after heavy runs' per article; no reopening or receivership mentioned in text provided.

Description

Newspaper (Dec 26, 1930) lists Itawamba County Bank of Fulton among eight Mississippi banks that closed after heavy runs. Closure appears permanent in this article; no reopening mentioned. Bank name suggests a county/state-chartered bank, so classified as state.

Events (2)

1. December 26, 1930 Run

Cause: Local Banks
Cause Details: Part of a wave of heavy withdrawals affecting multiple Mississippi banks (listed among eight banks closing after heavy runs).
Newspaper Excerpt: the Itawamba County Bank of Fulton. Heavy withdrawals were
Source: newspapers

2. December 26, 1930 Suspension

Cause: Local Banks
Cause Details: Bank closed following heavy withdrawals/run that affected several local banks; reported as one of eight Mississippi banks that closed.
Newspaper Excerpt: EIGHT MISSISSIPPI BANKS CLOSE AFTER HEAVY RUNS ... the Itawamba County Bank of Fulton.
Source: newspapers

Newspaper Articles (1)

1. December 26, 1930 The St. Louis Star and Times St. Louis, MO

Article from The St. Louis Star and Times, December 26, 1930

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Article Text

EIGHT MISSISSIPPI BANKS CLOSE AFTER HEAVY RUNS TUPELO MISS Dec 26 By U. The People' Bank and Trust Company and affiliated today Deposits in the closed institutions totaled Besides the Nettleton Miss. and Reinzi, Miss. branches of the trust company the following associated banks closed The Bank Guntown Bank of Saltillo Bank of Verona. Bank of Shannon and the Itawamba County Bank of Fulton. Heavy withdrawals were Missouri Bank Closes. JEFFERSON CITY Dec 26 pecial The Bank of Clark RanCounty by its directors today had total resources of $113,133 and deposits of Drouth Closes Three Banks. TOPEKA KAN Dec 26 By U P Three banks in Allen County closed their They the State Bank of Elsmore capital the People's State Bank of Moran, $15,000 deposits $127,000 and the Mildred State Bank capital $10,000 and deposits $49,000 Drouth conditions were blamed for the closings Bank at Gary, Ind., Closes GARY IND 26 N Heavy today forced the People's State Bank of Gary to close, although directors said it was solvent The bank was capitalized at $50,000 and had $355.00 deposits according to its latest statement Bank Closing in Virginia RICHMOND VA. Dec By U. Because of withdraw als. the State Bank of Pamplin Va suspended business today A mass meeting of depositors will be held tomorrow The according to the State Banking Department To Give Christmas Play The Players Methodist Church, Kingshigh way and Washington boulevards, will give Dust of the Road Christmas play by Kenneth Sawyer Goodman at 30 m Sunday in the recreational hall of the church