Article Text
Negro Bank Fails. Natchez.-The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
11084. Bluff City Savings Bank (Natchez, MS)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- savings bank
- Start Date
- November 7, 1913
- Location
- Natchez, Mississippi (31.560, -91.403)
Metadata
- Model
- gpt-5-mini
- Short Digest
b8eb48e4
Response Measures
Full suspension
Other: Bank subsequently placed in receivership and paid a dividend (liquidation).
Description
Articles report a run on Bluff City Savings Bank triggered by the failure of the First Natchez Bank (a nearby white bank). The colored bank closed (suspended) during the run to convert illiquid property to cash and later was in receivership (receiver filed an account and paid a dividend). Dates derived from article publication dates.
Events (3)
1.
November 7, 1913
Run
- Cause
- Local Banks
- Cause Details
- Run triggered by the failure of the First Natchez Bank (a white bank) in the same town.
- Measures
- Bank closed its doors (suspended) to stem withdrawals and to convert property in which money was invested into cash.
- Newspaper Excerpt
- Negro Bank Fails. Natchez.-The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
- Source
- newspapers
2.
November 7, 1913
Suspension
- Cause
- Local Banks
- Cause Details
- Closed as a result of the run caused by the failure of the First Natchez Bank; suspension to allow conversion of invested property to cash.
- Newspaper Excerpt
- Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash.
- Source
- newspapers
3.
July 22, 1914
Receivership
- Newspaper Excerpt
- The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent, having collected $12,665 09 and disbursed $10,279 42, leaving a cash balance of $2,394.67.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank. in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash. Colored contractors are doing a large part of the rebuilding of the section of Hot Springs, Ark., which was destroyed in the recent fire there A white contractor, who came from New Orleans with a few white workman, hierd colored men in addition. The white laborers complained and were told to work with the colored men or quit.
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Article Text
Natchez Bank Failure. The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent, having collected $12,665 09 and disbursed $10,279 42, leaving a cash balance of $2,394.67. The First Natchez Bank of this city, which closed its doors the same day, has not paid its depositors a dividend. / Natchez Special