Delta National Bank - Yazoo City, MS

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 12587
Charter Number: 12587
Start Date: December 23, 1930
Location: Yazoo City, Mississippi (32.855, -90.406)

Metadata

Model: gpt-5-mini
Short Digest: f1d3b05d

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Description

OCR errors in the article corrected (e.g., garbled words about 'unanan fund currency' -> 'unannounced funds/currency'). Article (Dec 23, 1930) describes heavy withdrawals and Federal Reserve sending currency to protect Yazoo City banks. Delta National remained open (stayed past closing) and was protected by available funds; no suspension or permanent closure of Delta National is reported.

Events (2)

1. October 17, 1924 Chartered

Source: historical_nic

2. December 23, 1930 Run

Cause: Local Banks
Cause Details: Panic/withdrawals triggered by other local banks failing or refusing to open (Citizens Bank and Trust and other nearby banks), producing runs on Yazoo City banks.
Measures: Stayed open past normal closing to allow withdrawals; Federal Reserve representative flew currency from New Orleans to supply funds and reassure depositors.
Newspaper Excerpt: Delta National bank ... remained almost two hours past closing time to give remove their savings. ... Funds are available in any amount to protect the Delta National...
Source: newspapers

Newspaper Articles (1)

1. 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)