Bank of Franklin - Meadville, MS

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 28, 1914
Location: Meadville, Mississippi (31.472, -90.897)

Metadata

Model: gpt-5-mini
Short Digest: 8d0da968

Response Measures

Accommodated withdrawals

Other: Bank officials publicly asserted confidence; no special measures beyond paying withdrawals mentioned.

Description

Single article (The Semi-Weekly Leader, 1914-07-01) reports a depositor run on June 28, 1914 following news that depositors of the defunct Commercial Bank and Trust Company of Brookhaven contemplated suing the Meadville bank. No suspension, reopening, or receivership is mentioned. Cause judged as bank-specific adverse information (legal action threatened).

Events (1)

1. June 28, 1914 Run

Cause: Bank Specific Adverse Info
Cause Details: News that depositors of the defunct Commercial Bank & Trust Company of Brookhaven contemplated suing the Bank of Franklin, prompting withdrawals.
Measures: Bank officials displayed no uneasiness and asserted the institution would weather the storm; no special measures reported.
Newspaper Excerpt: A run developed late yesterday on the Bank of Franklin when it was learned that the depositors of the defunct Commercial Bank and Trust Company of Brookhaven contemplated entering suit against the local institution. It is estimated that $18,000 were withdrawn.
Source: newspapers

Newspaper Articles (1)

1. July 1, 1914 The Semi-Weekly Leader Brookhaven, MS

Article from The Semi-Weekly Leader, July 1, 1914

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Article Text

RUN MADE ON BANK OF FRANKLIN BY DEPOSITORS Meadville, Miss., June 28.-A I run developed late yesterday on the Bank of Franklin when it was learned that the depositors of the defunct Commercial Bank and Trust Company of Brookhaven contemplated entering suit against the local institution. It is estimated that $18,000 were withdrawn. Bank officials, however, failed to display any uneasiness, asserting that the Meadville institution would easily weather the storm.