17972. Knoxville Banking & Trust Company (Knoxville, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
December 1, 1914*
Location
Knoxville, Tennessee (35.961, -83.921)

Metadata

Model
gpt-5-mini
Short Digest
3ee10d4bdc442b94

Response Measures

None

Description

Articles indicate the Knoxville Banking & Trust Co. was defunct and in receivership by Dec 1914 (receiver paying 30% of deposits). No article describes a depositor run; instead the bank was closed/placed in receivership and legal action by the receiver followed (court decision reported Dec 1915). Classified as suspension leading to permanent closure/receivership.

Events (3)
1. December 1, 1914* Suspension
Cause
Government Action
Cause Details
Bank had a receiver in place who was paying depositors 30% of their deposits, indicating suspension/closure by receivership.
Newspaper Excerpt
The committee placed what money it had with the Knoxville Banking & Trust Co., and so far, the receiver has only paid thirty per cent of the original deposit of about $300.
Source
newspapers
2. December 17, 1914 Receivership
Newspaper Excerpt
the receiver has only paid thirty per cent of the original deposit ... the committee placed what money it had with the Knoxville Banking & Trust Co., and so far, the receiver has only paid thirty per cent ... -Knoxville Journal and Tribune.
Source
newspapers
3. December 17, 1915 Other
Newspaper Excerpt
The effort of John W. Green, receiver, to recover from the directors of the defunct Knoxville Banking and Trust company for losses the bank sustained ... failed before the supreme court. The higher court's decision ... affirmed ... Special Chancellor R. H. Sansom ... Green, as receiver, sued for an approximate sum of $150,000.
Source
newspapers

Newspaper Articles (3)
1. December 17, 1914 The Comet Johnson City, TN
Article from The Comet, December 17, 1914

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Article Text

# BOB TAYLOR FUND # IS STARTED AGAIN. The "Bob" Taylor monument committee of Post C, Travelers' Protective association, and of the traveling men of Knoxville, is sending out additional requests for funds with which to erect a suitable monument to the memory of the beloved senator, and contributions in amounts from one dolar up will be gladly received. The committe placed what money it had with the Knoxville Banking & Trust Co., and so far, the receiver has only paid thirty per cent of the original deposit of about $300. Since that time, contributions have been placed in another bank of the city, and the committee now has a fund of something over a hundred dollars with which to start work agani. The comittee is composed of W. R. Johnson, chairman; H. W. Hall, C. A. Weller and R. H. Cate, and contributions will be gladly received, and will scure enough money to erect a monument which will be a suitable token of the respect and love in which Senator Taylor was held by all Tennesseans. East Tennessee marble will be used, and it is hoped by the comittee be able to erect it before many more months have passed, "If every friend of "Bob" Taylor in his city would contribute the small sum of one dollar towards this fund," said W. R. Johnson, chairman of the monument committee, "we would be able to erect in his memory a monument costing at least a thousand dollars."-Knoxville Journal and Tribune.

2. December 17, 1915 The Fayette Falcon Somerville, TN
Article from The Fayette Falcon, December 17, 1915

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Article Text

# Directors Held Not Liable. The effort of John W. Green, receiver, to recover from the directors of the defunct Knoxville Banking and Trust company for losses the bank sustained through alleged negligence and mismanagement failed before the supreme court. The higher court's decision in the case, handed down here, affirmed Special Chancellor R. H. Sansom, who heard the case in Knox county, and who held that the directors were not liable. Green, as receiver, sued for an approximate sum of $150,000.

3. December 24, 1915 The Dickson County Herald Dickson, TN
Article from The Dickson County Herald, December 24, 1915

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Article Text

The effort of John W. Green. TBceiver. to recover from the directors of the defunct Knoxville Banking and Trust company for losses the bank sustained through alleged negligence and mismanagement failed before the supreme court. The higher court's decision in the case, handed down here, affirmed Special Chancellor R. H. Sansom, who heard the case in Knox county, and who held that the directors were not liable. Green, as receiver. sued for an approximate sum of $150,000.