11139. Bank of Sallis (Sallis, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 24, 1930
Location
Sallis, Mississippi (33.022, -89.765)

Metadata

Model
gpt-5-mini
Short Digest
9e5c9d91

Response Measures

None

Description

Contemporary reports state the Bank of Sallis 'failed to open for business' and was reported closed and 'closed for liquidation.' No article mentions depositor runs or reopening; no specific cause given in the coverage.

Events (1)

1. November 24, 1930 Suspension
Cause Details
Contemporary reports give no reason; articles simply report the bank 'failed to open for business' and was closed for liquidation.
Newspaper Excerpt
Failure Saturday of the Bank of Sallis to open for business brought the week's closures to two.
Source
newspapers

Newspaper Articles (3)

Article from Chattanooga Daily Times, November 23, 1930

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Article Text

company, of Madisonville. He failed to make bond of $300. Mississippi Bank Fails. JACKSON, Miss., Nov. 22 (P).-Failure of the Bank of Sallis, in Attalla county, was reported here tonight by S. Love, of state banks. No statement was made by banking officials as to the cause of the closing Love said deposits to between $75,000 and $80,000 The Bank of Collins at Collins closed Friday.


Article from The State Journal, November 25, 1930

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Article Text

MAN KILLED MISTAKEN FOR BURGLAR; WAS ON HUNT FOR GASOLINE PRINCETON. Ky., Nov. 24 (By A. P.)-As a result of the slaying of Robert Clayton, which he claims was due to the latter being partially deaf. Edward Ladd, a farmer, was held under guard to the March grand jury hero today. Clayton ran out of gasoline near Ladd's farm and went there to telephone. The story told at the coroner's inquest was that Clayton did not hear Ladd call out to know who knocked. but went back to his car, saw a light in the farmhouse and approached again. Ladd said that, getting no response to his calls to know what was wanted. he fired from a window. as he feared he would be robbed. BANK CLOSES IN MISSISSIPPI JACKSON, Miss., Nov. 24 (By A.P.) -Failure Saturday of the Bank of Sallis to open for business brought the week's closures to two.


Article from Chattanooga Daily Times, November 25, 1930

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Article Text

at Walo, Bank of Manila at Manila, Bank Knobel Knobel, the State bank at Monette and the Viola State Viola. Those pending the Bank Maynard Maynard, County at and Bank Glenwood at Glenwood, all small The closings reported today brought to seventy the number which have pended closed for liquidation in the six have reopened, the five today The other the National bank Heber Springs, which resumed business last week closing for two The state banking department said reports of additional banks reopened several were known to be prepared to resume busiThe unprecedented number of bank closings in the past week suspension the American Exchange Trust company, Little Rock. Banks, of the American Exwhich he head, Banks holds interest in many of the other institutions which have closed. Bank Closes. JACKSON, Miss., Nov. 24 Bank of Sallis failed to open for business Saturday J. S. Love, superintendent of state banks, announced the closing the Sallis bank, which is in Attala county. Deposits were estimated at $75,000, with resources $200,000. Friday last week the Bank of Collins, at Collins, closed its doors.