17444. Liberty Bank (Liberty, SC)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 16, 1926
Location
Liberty, South Carolina (34.788, -82.692)

Metadata

Model
gpt-5-mini
Short Digest
ec5f8d702c476273

Response Measures

None

Description

Two contemporaneous newspaper reports (Nov 16–17, 1926) state Liberty Bank in Liberty, Pickens County, SC, 'failed to open its doors' and was 'voluntarily close[d]'. Articles explicitly say there was no run and that the closure was voluntary and hoped to be temporary. There is no evidence here of a subsequent permanent closure or receivership; the bank's officials hoped to reopen, so I classify as suspension with expected reopening.

Events (1)
1. November 16, 1926 Suspension
Cause
Voluntary Liquidation
Cause Details
Officials voluntarily closed the bank because deposits had been diminishing for about 60 days and ordinary withdrawals reduced incoming funds; closure was not by the bank examiner and was described as voluntary and hoped to be temporary.
Newspaper Excerpt
The Liberty Bank ... failed to open its doors today ... the officials deemed it best to close the bank. The bank was not closed by the bank examiner and officials of the bank hope that the closing is only temporary.
Source
newspapers

Newspaper Articles (2)
1. November 16, 1926 The Index-Journal Greenwood, SC
Article from The Index-Journal, November 16, 1926

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Article Text

Reports Liberty Bank Fails to Open Doors for Business Today The Liberty Bank. located at Liberty. in Pickens county. failed to open its doors today. according to information reaching this city. D. E. Bush. cashier, said in a long distance telephone conversation with The Piedmont that the bank's deposits had been diminishing for the past 60 days and the officials deemed it best to close the bank. The bank was not closed by the bank examiner and officials of the bank hope that the closing is only temporary, it was Nothing resembling a run on the bank occurred, Mr. Bush said, but the small flow of incoming money and the ordinary amount of withdrawals led to the decision to close the bank for a time Discovers Another Plot Toulon. France. Nov. 16.-(AP)-. Persistent reports are current that another plot against Premier Musso lini of Italy has been discovered.

2. November 17, 1926 The State Columbia, SC
Article from The State, November 17, 1926

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Article Text

BANK AT LIBERTY VOLUNTARILY CLOSES Greenville, Nov. 16 (By A. The Liberty bank. located at Liberty in Pickens county, failed to open doors today, according to informa tion this E. said in telephone conversation The that the bank's had been diminishing for the past 60 days and the officials deemed it to the bank. The bank closed by the bank and ficials of the bank hope that the closing is only temporary, it was Nothing resembling run on the bank Mr. Bush but the small flow of incoming money and the amount of withdrawal led to the decision to close the bank for