18223. Bank of Telford (Telford, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 18, 1930
Location
Telford, Tennessee (36.249, -82.545)

Metadata

Model
gpt-5-mini
Short Digest
f72ef7bc3fd23630

Response Measures

None

Description

Articles report the Bank of Telford (Telford, TN) closed on March 18, 1930 after a reported shortage in the cashier's accounts; the state superintendent of banks was appointed receiver March 25–26, 1930. No run or depositor panic is mentioned; this is a suspension followed by receivership/closure due to bank-specific adverse information (shortage/possible embezzlement).

Events (2)
1. March 18, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed after discovery/reports of shortages in the accounts of Fred H. Wagner (cashier); audit indicated shortages and forfeiture of his bond was mentioned.
Newspaper Excerpt
which closed March 18 after a reported shortage in the accounts of Fred H. Wagner, cashier.
Source
newspapers
2. March 26, 1930 Receivership
Newspaper Excerpt
H. L. Grigsby, state superintendent of banks, yesterday was appointed receiver of the Bank of Telford ... Mr. Grigsby said assets of the institution would be liquidated for the benefit [of depositors].
Source
newspapers

Newspaper Articles (3)
1. March 26, 1930 Morristown Gazette Mail Morristown, TN
Article from Morristown Gazette Mail, March 26, 1930

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Article Text

State Superintendent Telford Bank Receiver (By Associated Press) Johnson City, Tenn., March 26.H. L. Grigsby, state superintendent of banks, yesterday was appointed receiver of the Bank of Telford, which closed March 18 after a reported shortage in the accounts of Fred H. Wagner, cashier. Mr. Grigsby said assets of the institution would be liquidated for the benefit

2. March 26, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, March 26, 1930

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Article Text

STATE SUPERINTENDENT TELFORD BANK RECEIVER JOHNSON CITY Tenn. March 25 L. Grigsby ent of banks, today was appointed ceiver the Bank of Telford which closed shortMr Grigsby institution liquidated for the benefit depositors Auditor Clark reported shortage Wagner's given has that Wagner bond ed has and that will forfeit the

3. March 26, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, March 26, 1930

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Article Text

Bank Receiver Named TELFORD, Tenn. March H. L. Grigsby, state superintendent of banking, Tuesday was appointed receiver for the Bank of Telford after it announced that shortages amounting to found the accounts Fred Wagner, vice president and cashier The of Mr. Grigsby Miller made by Chancellor Johnson state quite bank examiner, the audit not complete.