Bank of Carrollton - Carrollton, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 29, 1932
Location: Carrollton, Alabama (33.262, -88.095)

Metadata

Model: gpt-5-mini
Short Digest: e5a24106

Response Measures

None

Description

State banking department took possession and placed the bank in liquidation on Jan 29, 1932. No article text describes a depositor run prior to suspension; action appears to be government takeover and liquidation.

Events (2)

1. January 29, 1932 Receivership

Newspaper Excerpt: Notice hereby given to all persons who have claims against said bank... Claims should filed with the of Banks, Montgomery, Alabama. MONTGOMERY of Banks of the State of Alabama, liquidating Bank of Carrollton, Carollton, Alabama. (liquidating Bank of Carrollton).
Source: newspapers

2. January 29, 1932 Suspension

Cause: Government Action
Cause Details: State banking authority (Superintendent/Board of Banks) took possession under statute and placed the bank in liquidation.
Newspaper Excerpt: Under the authority vested me Section 6275 et seq. of the Code Alabama, have taken possession the properties of the Bank Car rollton, located at Carrollton, Pickens County, Alabama.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1932 Pickens County Herald and West Alabamian Carrollton, AL

Article from Pickens County Herald and West Alabamian, January 28, 1932

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Article Text

NOTICE Under the authority vested me Section 6275 et seq. of the Code Alabama, have taken possession the properties of the Bank Car rollton, located at Carrollton, Pickens County, Alabama. Notice hereby given to all persons who have claims against said bank, but not including deposits shown by the books of the bank, to present the same to the and make legal proof thereof within ninety days from January 29th, 1932. Claims should filed with the of Banks, Montgomery, Alabama. MONTGOMERY of Banks of the State of Alabama, liquidating Bank of Carrollton, Carollton, Alabama. theatre now being operated under new management Fane.