11067. Mendenhall Bank (Mendenhall, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1908*
Location
Mendenhall, Mississippi (31.962, -89.870)

Metadata

Model
gpt-5-mini
Short Digest
6a23ddd9

Response Measures

None

Description

Contemporary reports (Jan 1908) state the Mendenhall Bank recently suspended operations, indictments for receiving deposits while insolvent, and appointment of receivers to wind up affairs. No newspaper mentions a depositor run; the bank suspended and entered receivership/closure.

Events (2)
1. January 1, 1908* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank found insolvent; indictments charging officers with receiving deposits knowing the bank was insolvent; suspension due to insolvency.
Newspaper Excerpt
which recently suspended operations.
Source
newspapers
2. January 30, 1908 Receivership
Newspaper Excerpt
Receiver Resigns. The proceedings ... to remove Receiver Dr. Harper of the Mendenhall Bank terminated abruptly, as that gentleman resigned his office ... Mike Durr ... was named as receiver to assist Mr. Enochs ... in winding up the affairs of the bank. it is stated ... there will be nothing left for the stockholders after the depositors are paid. (Brandon News, Jan 30, 1908).
Source
newspapers

Newspaper Articles (5)
1. January 17, 1908 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 17, 1908

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Article Text

BANK OFFICIALS INDICTED. Cashier and President of Bank At Mendenhall Must Answer. Jackson, Miss., January 16.-The grand jury of Simpson county this evening indicted W. Q. Sharp, cashier of the Mendenhall 1bank, which recently suspended operations. He was immediately arrested and gave bond in the sum of $3000 for his appearance in court, and the case will probably be called in the next few days, as the circuit court of that county is now in session. Dr. T. M. Walker, president of the bank, has also been indicted. The indictments charge receiving deposits knowing the bank to be insolvent. $11.05 et

2. January 18, 1908 The Brunswick News Brunswick, GA
Article from The Brunswick News, January 18, 1908

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Article Text

BANK CASHIER INDICTED. Jackson, Miss., Jan. 17.-The grand jury of Simpson county this evening indicted W. Q. Sharp, cashier of the Menderhall Bank, which recently ruspended operations. He was ar rested and gave bond in the sum of $3.000 for his appearance at court. Mr. T. M. Walker, president of the bank. has also been indicted. The indictricate charge receiving depcs. its knowing the bank to be insolvent.

3. January 21, 1908 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, January 21, 1908

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Article Text

Indicted Bank Cashier Jackson, Miss., January 16.-The grand jury of Simpson county this evening indicted W. Q. Sharp, cashiér of the Mendenhall Bank. which recently suspended operations. He was arrested and gave bond You the sum of $3,000 for his appearance at court Dr. T. M. Walker, president of the bank, has also been indicted The indictments charge receiving deposits knowing the bank to be insolvent

4. January 23, 1908 The Dakota Chief Gann Valley, SD
Article from The Dakota Chief, January 23, 1908

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Article Text

Failed Banker Indicted. Jackson, Miss.: The grand jury indicted W. Q. Sharp. cashier of the Mendenhal bank. which recently suspended *operations. He was Immediately arrested and gave bond in the sum of $3,000 for his appearance at court. He is charged with accepting (depcsits after the bank was insolvent.

5. January 30, 1908 The Brandon News Brandon, MS
Article from The Brandon News, January 30, 1908

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Article Text

Receiver Resigns. The proceedings instituted before Chancellor McCaskill at Mendenhall last Saturday to remove Receiver Dr. Harper of the Mendenhall Bank terminated abruptly, as that gentleman resigned his ffice without any protest whatever, and Mike Durr, of Pinola, a neighboring town, was named as receiver to assist Mr. Enochs, the other receiver, in winding up the affairs of the bank. It is stated by one of the largest stockholders in the institution on the authority of Receiver Enochs that there will be nothing left. for the stockholders after the depositors are paid.