Bank of Pass Christian - Pass Christian, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1929*
Location: Pass Christian, Mississippi (30.316, -89.248)

Metadata

Model: gpt-5-mini
Short Digest: 35d5ae9b

Response Measures

None

Description

Article (Dec 7, 1931) states the Bank of Pass Christian failed about two years ago and prosecutors have indicted officers in connection with the closing. No article text describes an earlier depositor run; the bank had already failed and remains closed. Date of failure approximated to 1929 (about two years before the 1931 article).

Events (2)

1. January 1, 1929* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank became insolvent and subsequently failed (officers later indicted for receiving deposits in an insolvent bank).
Newspaper Excerpt: the Bank of Pass Christian, which failed about two years ago, are under indictment in connection with the closing of the bank.
Source: newspapers

2. December 7, 1931 Other

Newspaper Excerpt: These three defendants, president, vice-president and cashier, respectively, of the Bank of Pass Christian, which failed about two years ago, are under indictment in connection with the closing of the bank.
Source: newspapers

Newspaper Articles (1)

1. December 7, 1931 Sun Herald Biloxi, MS

Article from Sun Herald, December 7, 1931

Click image to open full size in new tab

Article Text

CIRCUIT COURT TERM CONVENES (Continued from first page) jury action, he stated, before taking up other matters that might brought their attention. The charge concluded with repetition by the judge of the oath the grand jurors had taken and an effort on his part to impress upon them the and seriousness of this oath CONTINUES CASES Among the cases brought over from the last term of the court and again continued was that of the state against former Gov. Lee M. RusWalker of Shaw, Miss., and D. B. Allen, charged with receiving deposits an insolvent bank. These three defendants, president, vice-president and cashier, respectively. of the Bank of Pass Christian, which failed about two years ago, are under indictment in connection with the closing of the bank. At the last term of court the case was continued after the court had granted an order allowing defendants to examine books of the failed institution. About ten other cases from term of court were also continued. With no cases ready for trial. recess was taken tomor row thought probable that the grand jury would have its first MOODY FOREMAN Leo Moody of Gulfport was named foreman of the grand jury empaneled today and following the judge's charge and the designation of Deputy Sheriff Edward VanZandt as bailiff. the inquisitorial body repaired to its quarters and began its work. Following is the personnel of the grand jury Peter E. Quave, Leo B. Moody. Cary E. Spene. Hubert Holland. W Johnson, R. H. Hutchinson, E. C. Smith Isaac Allen. Ellis Scarberough, Henry House, Trochesset, W. Bugna, Robert Saucier, Alphonse Ladnier, Ernest Fayard. The following were empaneled as petit jurors for the week Chester H. Rose. P. Bass, H. E. Deer. W. W Finley Evans, Bernstein. Henry Ware, Frank LaRosa. Stanley Eldon Shaw S. ColeDan Johnson, Loren Saucier, Ladner.