169. Leeds Bank (Leeds, AL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 6, 1929
Location
Leeds, Alabama (33.548, -86.544)

Metadata

Model
gpt-5-mini
Short Digest
ca8df2ba

Response Measures

Full suspension, Books examined

Description

Multiple contemporaneous newspaper reports (early July 1929) state that Leeds Bank 'failed to open its doors' and that 'the affairs of the institution had been placed in the hands of the State Banking Department' following a 'heavy run' on deposits. No articles mention a reopening; closure appears permanent/receivership by state authorities. Cause attributed to contagion in the Birmingham district (runs on local banks).

Events (3)

1. July 6, 1929 Run
Cause
Local Banks
Cause Details
Heavy withdrawals (a run) on the Leeds Bank, described as one of several banks in the Birmingham district experiencing runs within the prior two weeks.
Newspaper Excerpt
following a heavy run on deposits Saturday.
Source
newspapers
2. July 8, 1929 Suspension
Cause
Local Banks
Cause Details
Bank failed to open following the heavy run; affairs placed in hands of State Banking Department (state-imposed suspension/closure).
Newspaper Excerpt
Leeds Bank failed to open its doors today. Officials announced that the affairs of the institution had been placed in the hands of the State Banking Department.
Source
newspapers
3. July 9, 1929 Other
Newspaper Excerpt
The Leeds Bank was the fifth to close in the Birmingham district within the past two weeks (reports of multiple closures and investigations).
Source
newspapers

Newspaper Articles (9)

Article from The Vicksburg Post, July 8, 1929

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Article Text

LEEDS BANK CLOSES LEEDS, Ala., Leeds state bank failed to open its doors today. announced that the affairs of the institution had been placed the hands of the State Banking its Saturday. The Leeds Bank was the fifth to close the Birmingham district within the past weeks. Lindon president of the institution which was capitalized at of similar amount.


Article from The Jersey Journal, July 8, 1929

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Article Text

Alabama Bank Closes Leeds open doors that the affairs institution Milk been placed the hands the following the its deposits Saturday The Leeds Bank the close in the Birmingham District within the Lindon president $25,000 surplus of similar amount


Article from Wilkes-Barre Times Leader, July 8, 1929

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Article Text

Alabama Bank Is Closed After Run Leeds, Ala., July Leeds Bank its doors today, officials the affairs had been placed the hands the State banking its The Leeds bank was the fifth close the Birmingham district within the Lindon president and had plus similar amount


Article from The Town Talk, July 8, 1929

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Article Text

Fifth Bank Closes in Birmingham District Leeds Bank (ailed to nounced that the affairs of the stitution had placed the hands banking department following heavy run on its Saturday The was the fifth the Birmingham district within the two Lindon the Institution which was capitalized $26,000 and had surplus of similar amount. Investigations Underway July situation district was under by State and officials today the fifth bank within the past two weeks to open its Judge State super. intendent of banks, arrived yesterday supervise the investigation the banking department. stated that which caused two banks to close were


Article from Brooklyn Eagle, July 8, 1929

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Article Text

Fifth Alabama Bank Shuts Doors After Run State Bank failed to open its doors today. announced the affairs of the institution had been placed the hands of the State Banking Department following heavy run onsits Saturday The Leeds Bank was the fifth close in the Birmingham district within the past two weeks. B. Lindow is president of the instituUon which was capitalized at $25,000 had surplus of similar amount.


Article from The Record, July 8, 1929

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Article Text

cials announced that the affairs of the institution had been placed in the hands of the state banking department following a heavy run on Saturday. The leeds Bank was the fifth to close in the Birmingham district within the past two weeks B. C. Lindon is president of the institution, which was capitalized at $25,000 and had a surplus of a similar amount.


Article from Birmingham Post-Herald, July 9, 1929

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Article Text

CALM OBTAINS AS BANKS SHOW FUNDS Continued From Page for further or restless Investigations Loom General Charlie Mctogether County Solicitor George Bailes. conduct inthrough Grand Jury into banking uation addition, Gov. Bibb Graves, with the the State Commission, begun closing the Avondale Following the organization of the Grand McElroy the body the aspect its special the the criminal of state relating banks and banking evidence comes showing probable person guilty the banking It is your duty Judge McElroy also pointed out connection banking believed for the pubgood. Price secretary the named of the Grand The Grand Jury expected to comhearing routine ters before them before taking matbanking witnesses than Tuesday and believed that before the of this first McCall To Assume Charge Of Probe July 8-AtGeneral Charlie late Monday St. afternoon for Birming the CounGrand nected with lin. that investigathe recent bank closures in County before departure the torney general to Bibb ference himself advised to the bottom the whole this the attorney added will assisted Bailes, Jefferson Evans and Judge Smith, assistattorneys Monday when any comment ings, closthe depositors stockholders will taken action which complete progmay justify Judge the the Leeds closing Monday commenting morning Bank in Jefferson County, closing count the the institution unable realize assets needed. this bank during the added. and its officials very that furMonday morning From ing received by effervescent lemonade. Yet him Monday from what miracle of health and energy Judge Thomas said, he for possibility much Stomach troubles of all kinds head- the banks two aches, become thing of capital paid the the past replaced banking laws can fully complied Those sick become Capt. fit. Sour happy. examiner the Alabama secretary- Securities And many who confess failure Monday nothing than correct the mission's part acidosis which ruins their lives. the closing Avondale Company the Get Sodinco any druggist for 75 City & Trust cents. name this work being H. fled public For accountant, of test bottle. Irwin. Neisler Dept. Decatur, RELIGIOUS CENSUS BEGINS MOUNTAIN, Miss., July probably census MounAcidosis and the vicinity bad being this the general direction Robert pressure. Lemons of Lowrey Memorial Baptist Church.


Article from The Lewiston Daily Sun, July 9, 1929

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Article Text

BRUNSWICK TEACHERS Brunswick, July 8.-Sherman Graves, schools, Monday that Ralph W. Edwards of Brunswick and Henry Farr Manchester, had been electon Brunswick high school faculty. Both graduatfrom Bowdoin College last month. LEEDS. Ala., July Leeds Bank failed to open its doors Officials announced while that the affairs of the institution had placed the hands the State after cent heavy run on deposits Saturday. bill on


Article from The Birmingham Post, November 8, 1929

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Article Text

THE OF CONNER Picture Reproduction Prohibited.) Bank Green's plea closer operation between building and loan associations and will in way effect Conner's Cash Cache. We have nothing with financial all of your monand do not intend to Mr. Green can rest assured that there isn't bank and loan the country can with ConCash Our class the Woodlawn, Leeds and City banks closed. And as for only thing that has taken any fish away from lately the stock market. Conner's Cash Cache is, of course, not institution (odd. it, how many times can find use for when one knows its our Your Money Then Try Get Out." Certain building loan and banks are promising investors and returns their money. In that Conner's Cash Cache goes them one promise investors depositors we get the money. Now that gyro has been perfected which will flying attach the dinguses to the stock market? And if that works I'm in favor sticking one on Senator Tom Heflin. Women. says writer to Mrs. Walter guson, my neighbor the above, minded no sense humor. with Mrs. Ferguson that the writer wrong. If women lack of humor and serious minded, how have they managed remain married all these to men? years Women have sense of humor, and bring strong play, when husband comes rolling laden with load sweat and breath yourself And no gyro to keep him even keel. Women must be but mindwhen they return home from find the kitchen sink mass soiled dishes, cigar cans broken bottles foot deep the kitchen floor. Yes, women have ready appreciation anything but minded: sit down and think for moment folk perfect frenzy by merely lengthening their several inches. And that declaration in folks delight in calling the weaker dear should least night out next week (if CONNER.