11144. Scranton State Bank (Scranton, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 6, 1909
Location
Scranton, Mississippi

Metadata

Model
gpt-5-mini
Short Digest
2e3a2b64

Response Measures

None

Description

Articles (Jan–May 1909) report the Scranton State Bank as defunct, in the hands of Receiver A. L. Staples, sale of bank property by order of the chancery court (Jan 6, 1909), and notices to depositors/creditors about registering claims and an ordered dividend. No run is described. The closure is by court/receiver, so classified as suspension followed by closure (receivership).

Events (4)
1. January 6, 1909 Receivership
Newspaper Excerpt
Receiver A. L. Staples, of the Scranton State bank, sold today under order of the chancery court... the banking house belonging to the defunct institution.
Source
newspapers
2. January 6, 1909 Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a court-appointed receiver and chancery court ordered sale of property; suspension/closure by receiver.
Newspaper Excerpt
BANK PROPERTY SOLD BY ORDER OF RECEIVER Scranton. Miss., Jan. 6.-Receiver A. L. Staples, of the Scranton State bank, sold today under order of the chancery court the property in this city, together with the banking house belonging to the defunct institution.
Source
newspapers
3. March 18, 1909 Other
Newspaper Excerpt
Receiver A. L. Staples of the Scranton State Bank reported to the chancery court on Wednesday that he had sufficient funds in his hands to pay a dividend to all creditors of the said bank of five per cent of the amount of their respective claims. The court thereupon ordered the receiver to pay out to all creditors of the bank whose claims have been registered or probated the dividend as above stated.
Source
newspapers
4. March 19, 1909 Other
Newspaper Excerpt
New Notice to Depositors and CreditItors of Scranton State Bank... are hereby notified to register or probate the same in the office of the Clerk of the Chancery Court of Jackson County, Mississippi, within sixty (60) days from the date hereof.
Source
newspapers

Newspaper Articles (6)
1. January 7, 1909 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, January 7, 1909

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Article Text

BANK PROPERTY SOLD BY ORDER OF RECEIVER Scranton. Miss., Jan. 6.-Receiver A. L. Staples, of the Scranton State bank, sold today under order of the chancery court the property in this city, together with the banking house belonging to the defunct institution. The sale, took place in front of the couty court house and a large crowd was present. The bidding, however, was slow and the property was finally knocked down to Walter Gaulter, of West Pascagoula, for $10,005. This is one of the most desirable properties in the county, the banking-house being a two-story brick and stone building. The price paid is regarded as fair and the sum realized will add materially to the next dividend to be ordered by the court in March.

2. March 19, 1909 The Pascagoula Democrat-Star Pascagoula, MS
Article from The Pascagoula Democrat-Star, March 19, 1909

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Article Text

New Notice to Depositors and CredItors of Seranton State Bank. W. H. WESTFALL, ET AL. YN. SCRANTON STATE BANK All depositors or other creditors of the Scranton State Bank who have not hereto form registered or probated their claims in the office of the Clerk of the Chancery Court of Jackson County, Mississippi. are hereby notified to register or probate the same in the office of the Clerk of the Chancery Court of said County. within sixty (60) days from the date hereof. or they will be debarred from participating in the distribution of the assets of said bank in the hands of the receiver. The above notice Is given pursuant to an order of the Chancery Court of fackson County, Mississippi, entered in the case of W. H. Westfall, et al., vs. Scranton State Bank. on March 17. 1909 Witness my hard this the 18th day of March, A. D. 1909, I. P. DELMAS, Clerk. March 19, 1909. 7-8t

3. March 19, 1909 The Pascagoula Democrat-Star Pascagoula, MS
Article from The Pascagoula Democrat-Star, March 19, 1909

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Article Text

The name of Mr. Robin D. McLeod, of Moss Point appears in this issue of the DEMOCRAT-STAR as a candidate for sheriff of Jackson county. The gentleman is a native born and is well known to the citizenship generally. He possesses all the requirements necessary to a good official, and should he be chosen to the office he would discharge every obligation to the best of his ability. An adjourned meeting of the city council was held Tuesday night, at which time Mr. M. M. Watkins, city clerk and auditor, made his report on the books of ex-Marshal Ed. F. Hudson. Mr. Watkins' report was complete in detail and showed Mr. Hudson had settled in full with the city. The report was received by the council and unanimously adopted. Receiver A. L. Staples of the Scranton State Bank reported to the chancery court on Wednesday that he had sufficient funds in his hands to pay a dividend to all creditors of the said bank of five per cent of the amount of their respective claims. The court thereupon ordered the receiver to pay out to all creditors of the bank whose claims have been registered or probated the dividend as above stated.

4. April 9, 1909 The Pascagoula Democrat-Star Pascagoula, MS
Article from The Pascagoula Democrat-Star, April 9, 1909

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Article Text

Notice to Depositors and Creditors of Scranton State Bank. W. H. WESTFALL, ET AL.. vs. SCRANTON STATE BANK. All depositors or other creditors of the Scranton State Bank who have not heretofore registered or probated their claims in the office of the Clerk of the Chancery Court of Jackson County, Mississippi, are hereby notified to register or probate the same in the office of the Clerk of the Chancery Court of said County. within sixty (60) days from the date hereof. or they will be debarred from participating in the distribution of the assets of said bank in the hands of the receiver. The above notice is given pursuant to an order of the Chancery Court of Jackson County. Mississippi, entered in the case of W. H. Westfall, et al., vs. Scranton State Bank, on March 17. 1909. Witness my hand this the 18th day of March, A. D. 1909, I. P. DELMAS, Clerk. March 19, 1909. 7-8t

5. April 16, 1909 The Pascagoula Democrat-Star Pascagoula, MS
Article from The Pascagoula Democrat-Star, April 16, 1909

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Article Text

Notice to Depositors and Creditors of Scranton State Bank. W. H. WESTFALL, ET AL., vs. SCRANTON STATE BANK. All depositors or other creditors of the Scranton State Bank who have not heretofore registered or probated their claims in the office of the Clerk of the Chancery Court of Jackson County, Mississippi, are hereby notified to register or probate the same in the office of the Clerk of the Chancery Court of said County, within sixty (60) days from the date hereof. or they will be debarred from participating in the distribution of the receiver. assets of said bank in the hands of the The above notice is given pursuant to an order of the Chancery Court of Jackson County. Mississippi, entered in the case of W. H. Westfall, et al., vs. Scranton State Bank, on March 17. 1909. Witness my hand this the 18th day of March, A. D. 1909, I. P. DELMAS, Clerk. March 19, 1909. 7-8t

6. May 7, 1909 The Pascagoula Democrat-Star Pascagoula, MS
Article from The Pascagoula Democrat-Star, May 7, 1909

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Article Text

Notice to Depositors and Creditors of Scranton State Bank. W. H. WESTFALL, ST AL. vs. SCRANTON STATE BANK. All depositors or other creditors of the Scranton State Bank who have not heretofore registered or probated their claims in the office of the Clerk of the Chancery Court of Jackson County, Mississippi, are hereby notified to register or probate the name in the office of the Clerk of the Chancery Court of said County. within sixty (60) days from the date hereof. or they will be debarred from participating In the distribution of the assets receiver. of said bank-in the hands of the The above notice is given pursuant to an order of the Chancery Court of Jackson County. Mississippi, entered in the case of W. H. Westfall, et al., vs. Scranton State Bank, on March 17. 1909. Witness my hand this the 18th day of March, A. D. 1909. I. P. DELMAS, Clerk. March 19, 1909. 7-St