11137. Bolivar County Bank (Rosedale, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 20, 1930
Location
Rosedale, Mississippi (33.853, -91.028)

Metadata

Model
gpt-5-mini
Short Digest
dfcf7a80

Response Measures

None

Description

Articles report the Bolivar County Bank (Rosedale, MS) closed/suspended December 20, 1930 and a receiver was named; no article describes a depositor run on this specific bank (other local banks experienced runs). Therefore this is classified as a suspension followed by closure/receivership. OCR errors in names/dates corrected (e.g., 'Rea' -> Rea/R.W. Rea).

Events (3)
1. December 20, 1930 Suspension
Cause Details
Article states the bank closed December 20; no explicit cause given in the pieces provided. Receiver named for the bank.
Newspaper Excerpt
The Bolivar County Bank closed December 20th.
Source
newspapers
2. January 30, 1931 Other
Newspaper Excerpt
Former employe... R. W. Rea, cashier of the closed Bolivar county Bank, unconscious ... He died an hour later. The Bolivar County Bank closed December 20th.
Source
newspapers
3. * Receivership
Newspaper Excerpt
The receiver named for the bank said today that so far as he could ascertain Rea's accounts were in first-class shape ... The Bolivar County Bank suspended (Continued on Page Three, ... the bank's receiver said ...).
Source
newspapers

Newspaper Articles (4)
1. December 23, 1930 The Daily Worker Chicago, IL
Article from The Daily Worker, December 23, 1930

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Article Text

Deporitors Organized for Fight FROM bank failures. MIAMI. Dec. City Bank this the largest financial institution failed today. More than deposits involved. There been run this bank for come and order the up the crisis behind big bank failures. board the City National Bank declared that the closing of the bank was due to "malirumors which closed Four Four other banks failed Monday The City Bank and Trust Company Atlanta closed the of banks. In Missisbanks the Citizens Bank Trust Company Yazoo and the Bolivar County Bank Rosedale First Bank and Trust Company Indiana, with more than $100,000 deposits closed. Workers Bethlehem (Hungarian) do not this paper. Subscribe workmen's the the Trade Union Unity League Fight against against against Fight against the Steel and crusty

2. December 23, 1930 Clarion-Ledger Jackson, MS
Article from Clarion-Ledger, December 23, 1930

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Article Text

Rush Cash To Yazoo Banks City By Airplane From New Orleans YAZOO CITY, Dec. D. Walker, representative of Federal Reserve bank of New Orleans, via airplane at 11 o'clock this morning "unanan fund currency protect Yazoo City's banks, halted any panic which might have developed here today. The Citizens Bank and Trust company failed open here this morning, following "slight the bank Saturday afternoon. The to have been brought by time depositors manding funds but officials the bank announced this morning that its affairs were in the hands the state banking department. No reason was assigned. Delta National bank and the Bank of Yazoo, with deposits runremained almost two hours past closing time to give remove their savings. Both banks reported only Funds are available in any amount to protect the Delta National and the Bank Yazoo," Mr. Walker of the Federal Reserve bank said this afternoon in an official statement Both banks announced they will open morning prepared to all State of Banks S. Love, plans to re-open Bank Trust pany within short does not regard "backwash closing" two banks at Yazoo City and Rosedale Monday, affecting the state's financial situation The Greenwood Bank Trust company one of the five Greenwood's banks to close doors Saturday, during day panic. The Citizens Bank and Trust company at Yazoo and Bolivar County bank Rosedale failed open their doors Monday morning. Superintendent Love (Continued on Page Eleven)

3. January 30, 1931 The Clarksdale Press Register Clarksdale, MS
Article from The Clarksdale Press Register, January 30, 1931

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Article Text

BOB REA FOUND DEAD AT HOME OF HIS SISTER Former Employe of Local Bank Dies at Rosedale After Shot. PISTOL FOUND NEAR REMAINS IN GARAGE Mrs. Nannie Nunnery, Sister, Investigates and Finds Her Brother. ROSEDALE, Miss., Jan. Attracted by pistol shot, relatives found R. W. Rea. cashier of the closed Bolivar county Bank, unconscious in a rear yard of his dwelling here today with a bullet wound in his temple. He died an hour later. The Bolivar County Bank closed December 20th. Rea was unmarried and made his home here with sister. He had been eashier of the bank since 1922. The receiver named for the bank said today that so far as he could ascertain Rea's accounts were in first-class shapë, believed stant because of the closing of the institution had affected his mind. Clarkadale and Coahoma county friends of Robert W. Rea, 43, of Rosedale, were shocked learn early today of his death at the King's Daughters, Hospital Rosedale, about 7 a.m., from a pistol wound in his head. Mr. Rea, former employee at local bank, was found in the garage of his sister's home in pool blood, with pistol on the ground near him. Mrs. Nannie Nunnery, his sister, found him following the sound of the pistol shot, He was rushed to the hospital where he died few minutes later. He made statement, it was reported here. No inquest was held. Mr. Rea had been affiliated with the Bolivar County Bank, at Rosedale, for the past nine years. He was cashier of that institution. The Bolivar County Bank suspended (Continued on Fage Three,

4. January 31, 1931 Morning Examiner Bartlesville, OK
Article from Morning Examiner, January 31, 1931

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Article Text

BANKER ENDS LIFE ROSEDALE. Miss., Jan. 30 Attracted nistol shot, relatives found R. W. Rae, 40, cashier of the closed Bolivar county bank, unconscious in the yard at his home today with bullet wound in his temple. He died an hour The Bolivar county bank closed December 20. The bank's receiver said that so far as could certain, Rae's were order.