18217. Bank of Strawberry Plains (Strawberry Plains, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 25, 1933
Location
Strawberry Plains, Tennessee (36.063, -83.686)

Metadata

Model
gpt-5-mini
Short Digest
8724ea8c1584c122

Response Measures

None

Description

Both articles (Jan 25, 1933) report the bank did not open and a posted notice saying directors decided to close and liquidate because of unsettled conditions in the banking industry. No run or depositor panic is reported; this is a voluntary closure/liquidation.

Events (1)
1. January 25, 1933 Suspension
Cause
Voluntary Liquidation
Cause Details
Notice posted on door stating directors decided to close and liquidate because of unsettled conditions in the banking industry.
Newspaper Excerpt
Due to unsettled conditions in the banking industry directors have decided to close and liquidate.
Source
newspapers

Newspaper Articles (2)
1. January 25, 1933 Morristown Gazette Mail Morristown, TN
Article from Morristown Gazette Mail, January 25, 1933

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Article Text

Strawberry Plains Bank Closes Doors Strawberry Plains, Tenn., Jan. 25. Bank of Strawberry Plains did not open for business today. This notice was posted on the door at 2:00 m. Tuesday: "Due to unsettled condition in the banking industry directors have decided to close and liquidate.' The bank had capital of $10,000, deposits of $7,000, and assets $81,000. "They expect to pay dollar dollar," said Walker, brother-in-law of the

2. January 25, 1933 The Knoxville News-Sentinel Knoxville, TN
Article from The Knoxville News-Sentinel, January 25, 1933

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Article Text

STRAWBERRY PLAINS BANK CLOSES DOORS Expects To Be Able To Pay Every Depositor. Special To The STRAWBERRY PLAINS. Jan. 25. Bank of Strawberry Plains did not open for business today. This notice posted was on the door at 2 p. m. Tuesday: "Due to unsettled conditions in the banking industry directors have decided to close and liquidate." The bank had capital of $10,000, deposits of and assets of $81,000. A. C. Parrott is president. W. E. Parrott, vicepresident, and T. C. Stone, cashier. "They expect to pay depositors dollar for dollar, said R. E. Walker. of the cashier, today.