Bank of Flomaton - Flomaton, AL

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: September 1, 1914
Location: Flomaton, Alabama (31.000, -87.261)

Metadata

Model: gpt-5-mini
Short Digest: d31487ba

Response Measures

Full suspension, Books examined

Other: State bank examiner took charge; officers announced they anticipated resuming business when conditions improved.

Description

Article (Pensacola Journal, 1914-09-03) reports a run on the Bank of Flomaton on Tuesday (1914-09-01) and that officers did not open the bank the following day (1914-09-02); the state bank examiner took charge and officers anticipated resuming business when conditions improved, but reopening is not confirmed—hence 'unsure'.

Events (2)

1. September 1, 1914 Run

Cause: Rumor Or Misinformation
Cause Details: Depositors became frightened and made heavy withdrawals leading to a run.
Measures: Officers decided not to open; state bank examiner was notified and took charge.
Newspaper Excerpt: The bank of Flomaton had a run on Tuesday and the withdrawals were such that the officers decided not to open yesterday morning.
Source: newspapers

2. September 2, 1914 Suspension

Cause: Rumor Or Misinformation
Cause Details: Temporary suspension after heavy withdrawals by frightened depositors; officers chose not to open following the run; examiner took charge.
Newspaper Excerpt: The bank of Flomaton had a run on Tuesday and the withdrawals were such that the officers decided not to open yesterday morning. The state bank examiner was notified and took charge.
Source: newspapers

Newspaper Articles (1)

1. September 3, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, September 3, 1914

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Article Text

FLOMATON AND MILTON BANKS CLOSE DOORS DEPOSITORS BECOME FRIGHTENED AND WITHDRAW MONEY TO SUCH EXTENT THAT THEY SUSPEND. Two small banks were forced to close their doors temporarily yesterday on account of their depositors becoming frightened and withdrawing funds until 1t became necessary to suspend. The First National Bank of Milton, which had experienced a slight run on Tuesday, was forced to cease payments shortly after opening yesterday morning. The bank of Flomaton had a run on Tuesday and the withdrawals were such that the officers decided not to open yesterday morning. The state bank examiner was notified and took charge. It was announced by the officers last night that while the bank would not re-open immediately that they anticipated resuming business when business conditions are improved. The comptroller of the currency was notified of the suspension of the First National of Milton and will appoint a receiver.