Article Text
BANK CLOSES FOLLOWING RUN CLARKSVILLE, Ark., Oct. Farmers National Bank. financial institution here after the failure of two open others closed today run that began last night. Morgan, president the bank would reorganized.
Farmers National Bank (Clarksville, AR)
Episode Information
- Episode UID
1158001570- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
-
115800national - Charter Number
- 11580
- Start Date
- October 3, 1930
- Location
- Clarksville, Arkansas (35.471, -93.467)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
b3bcf6d46030b53b
Response Measures
Capital injected, Full suspension
Other: Reorganized and reopened under temporary management from an outside trust company; capital and surplus strengthened by outside interests from Fort Smith and Little Rock.
Description
Articles indicate run after failures of two other institutions and a subsequent reorganization with outside backing.
Events (4)
1.
January 17, 1920
Chartered
- Source
- historical_nic
2.
October 3, 1930
Run
- Cause
- Local Banks
- Cause Details
- Run began after the failure of two other financial institutions in the area, triggering withdrawals.
- Measures
- Planned reorganization; outside interests later involved.
- Newspaper Excerpt
- BANK CLOSES FOLLOWING RUN CLARKSVILLE, Ark., Oct. Farmers National Bank. financial institution here after the failure of two open others closed today run that began last night.
- Source
- newspapers
3.
October 3, 1930
Suspension
- Cause
- Local Banks
- Cause Details
- Suspension was precipitated by the run triggered by failures of other banks.
- Newspaper Excerpt
- The bank, which suspended Oct. 3, in the face of a run, was able to work out a reorganization...
- Source
- newspapers
4.
October 18, 1930
Reopening
- Newspaper Excerpt
- The Farmers National bank of Clarksville reopened for business Saturday of last week with G. S. Jernigan...in charge temporarily.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Twelve hundred shopmen of the Frisco system last week returned to work at the Springfield, Mo, shops Saturday after being laid off since Sept. 22. Officials of the railroad said they believed the men would have steady work the balance of the year. The Farmers National bank of Clarksville reopened for business Saturday of last week with G. S. Jernigan, vice president of the Union Trust company in Little in charge temporarily. An active executive probably will he named later. The bank, which suspended Oct. 3, in the face of a run, was able to work out a reorganization, strengthened by outside interests from Ft. Smith and Little Reck. It was reopened with a capital stock of $60,000 and a surplus and reserve of $35,000.