Bank of Houston - Houston, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 21, 1929
Location: Houston, Mississippi (33.896, -89.003)

Metadata

Model: gpt-5-mini
Short Digest: 3fa0dcfc

Response Measures

None

Description

Article (New Britain Herald, 1929-03-21) reports the Mississippi state banking department purchased town property to protect a mortgage held by the Bank of Houston and says the department is liquidating the bank. No run is mentioned; the bank appears to be in state receivership/liquidation (closure by government action).

Events (2)

1. March 21, 1929 Receivership

Newspaper Excerpt: Hays represents the state banking department of Mississippi. The department purchased the town of Hansonhurst, to protect a mortgage of $40,000 held by the Bank of Houston, Houston, Miss., which the department is liquidating.
Source: newspapers

2. March 21, 1929 Suspension

Cause: Government Action
Cause Details: Mississippi state banking department took possession/protective action and is liquidating the Bank of Houston.
Newspaper Excerpt: the department purchased the town of Hansonhurst, to protect a mortgage of $40,000 held by the Bank of Houston, Houston, Miss., which the department is liquidating.
Source: newspapers

Newspaper Articles (1)

1. March 21, 1929 New Britain Herald New Britain, CT

Article from New Britain Herald, March 21, 1929

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Article Text

MISSISSIPPI VILLAGE IS OFFERED FOR SALE Town of Hansonhurst will Be Sold to the Highest Bidder. Memphis, Tenn. March 21 (UP)Some unattached mayor or city manager can buy a whole town containing a "farm, five residences, store, creamery. ice plant. gin (cotton), big garage and machine shop. cotton warehouse, waterworks SVS. tem swimming pool and pienic grounds," and run it as he pleases, it he communicates with Lake Hays, local attorney, and if he has the money. Hays represents the state banking department of Mississippi. The department purchased the town of Hansonhurst, to protect a mortgage of $40,000 held by the Bank of Houston, Houston, Miss., which the department is liquidating. "I don't know whether it would be more advantageous to try to sell it as a whole or piece by piece." Hays said. "It is a splendid opportunity for some defunct mayor or city manager to buy a whole town and get back in the business. It is also a good chance for anybody who wants to diversify." The town was built by C. C. Hanson, who still "runs it." Hays said Hanson would probably be permitted to remain in charge until some disposition is made of the property.