Bank of Shelby - Shelby, MS

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 8, 1930
Location: Shelby, Mississippi (33.951, -90.768)

Metadata

Model: gpt-5-mini
Short Digest: 87cb0f10

Response Measures

None

Description

Article (The Times, 1930-11-08) reports a temporary closure ordered/announced by the state banking department with negotiations underway to reopen the institution within 10 days. No run or depositor panic is mentioned; closure is a government action/supervisory suspension.

Events (2)

1. November 8, 1930 Other

Newspaper Excerpt: negotiations are underway which, if successful, will permit reopening the institution within the 10 days.
Source: newspapers

2. November 8, 1930 Suspension

Cause: Government Action
Cause Details: Temporary closure announced by the state banking department to protect interests of all concerned; state superintendent and special agent involved; negotiations to reopen within 10 days.
Newspaper Excerpt: Jackson. Nov the Bank of Shelby, large delta institution total was nounced the state banking department The temporary closure was described step to protect interests of all concerned
Source: newspapers

Newspaper Articles (1)

1. November 8, 1930 The Times Shreveport, LA

Article from The Times, November 8, 1930

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Article Text

SHELBY BANK IN MISSISSIPPI Jackson. Nov the Bank of Shelby, large delta institution total was nounced the state banking department The temporary closure was described step "to protect interests of all concerned According to Special Agent Brown the for Love, state superintendent who of the negotaltions are underway which, if successful. will permit reopening the institution within the 10 days. Shelby institution is capitalized W. Denton president and Powell, vice president