20556. Bank of Arlington (Arlington, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 11, 1930
Location
Arlington, Tennessee (35.253, -89.661)

Metadata

Model
gpt-5-mini
Short Digest
f4948c72

Response Measures

None

Description

Cashier John Falls was found shot Dec 11, 1930; state bank examiner took charge that day and receivership/liquidation proceedings were filed by Dec 13. There is no evidence of a depositor run; the closure followed examiner intervention and discovery of insufficient cash/reserve.

Events (2)

1. December 11, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State bank examiner J. F. Hunt took charge after the cashier's suicide and an audit found insufficient cash reserve and declining assets; examiner ordered increased cash reserve or closure within 30 days, prompting immediate takeover for audit/closure steps.
Newspaper Excerpt
John Falls, cashier of the Bank of Arlington, was found in an automobile near here today with a fatal bullet wound in his head, and the bank was placed in charge of State bank examiner.
Source
newspapers
2. December 13, 1930 Receivership
Newspaper Excerpt
Receivership action was filed in chancery court by D. D. Robertson, state banking superintendent. Mr. Robbertson was appointed and R. W. Hall was named as liquidating agent. The Bank of Arlington, which closed Thursday following the suicide of John H. Falls, its young cashier, had shrunk ... was revealed yesterday when receivership action was filed in chancery court ... was appointed and R. W. Hall named as liquidating agent. (Commercial Appeal, 1930-12-13).
Source
newspapers

Newspaper Articles (12)

Article from The Winchester Sun, December 11, 1930

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Article Text

BANK CASHIER SHOOTS John Falls, of Arlington, Suicide Route When Institution Goes Into Hands Of Receiver. (By Associated Press) Term., Dec. Falls, lington, 27, cashier the Bank of Arlington, Tenn., found dead today bullet wound placed his head the bank's affairs in receivership. He was found crumpled seat of his automobile road, miles from here, wounded.


Article from Cumberland Evening Times, December 11, 1930

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BOY KILLED WHEN HE STEPS IN FRONT OF CAR CASHIER FOUND DEAD; EXAMINER TAKES BANK Arlington, Tenn., Dec. 11 John Falls, cashier the Bank Arlington, was found in automobile near here today with fatal Grafton, W. Va., Dec. by bullet wound in his head and the truck he was on his way bank placed charge of from school. Denney McCord, state bank exminer. Wendel, died yesterday while being statement of the publishbrought hospital. Witnesses last May showed boy stepped in front of the and deposits of $123,truck.


Article from Kentucky Advocate, December 11, 1930

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DISLAY OF LEFTOVER TOYS Mr. Jake Baer, chairman of the Christmas toy committee, announces that he has secured the vacant storeroom, formerly occupied by the A. & P. Grocery Store on Main Street, as a display room for the toys which will be repaired and p:-ed in good condition for distribution by the Community House during the holidays. If you have any broken or leftover toys you will donate for this worthy cause, phone 739 and they will be called for by Boy Scout. Mr. Baer and the Scouts have done some good work. as they have several hundred toys on hand. but more may be used to good advantage. The toys will make many of the community children happy on Christmas Day If you want to have a part in this movement, act quickly Try Our Means Quality, and are CHEAPER in the end. Have been sold in Danville for many years. Ask any user. Chesnut-Salter Hdw. Co., Inc. ANOTHER BANKER FOUND DEAD 27. cashier of the Bank of Arlington. at Arlington. Tenn. was found dead today with bullet wound in his head as the bank's affairs were placed in receivership. He was found crumpled in the seat of his automobile on road 25 miles from here wounded.


Article from St. Louis Post-Dispatch, December 11, 1930

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RUN ON BANK STARTED BY OFFICER'S SUICIDE West Springfield, Mass., Depository Suspends Payments and Plans Reopening. By the Associated Press. SPRINGFIELD. Mass., Dec. 11. Following the discovery of the body of J. Malcolm Warren, 40 years old. treasurer of the West Springfield Trust Co., in the bank building this morning, a suicide by shooting, run of depositors developed. Within a short time some persons thronged the banking 500.75. rooms seeking to withdraw deposits. The bank voted to suspend payments this afternoon. It was announced the advice of the bank examiners would be sought as to the abvisability of an immediate opening. The bank, it is stated. has By the Associated Press. some $800,000 tied up in real estate on which it would be impossible to effect an immediate realization. Horace A. Moses, president of the bank, said that bank examinere had made a periodical visit to the bank within a week and had found everything as it should be. A note left by Warren said his sui- Commons yesterday. cide could be ascribed to personal losses, the fear that he would lose his posiion in the bank at the end of the year and the depression engendered by constantly listening to stories of misfortune by persons ho sought loans and those whom from London." he had advised to purchase securities that had since greatly depreclated in value. Columbus (O.) Banker Shoots Self to Death at Club. By the Associated Press. COLUMBUS O., Dec. 11.-William C. Willard. vice president of ary of that year. the Huntington National Bank and vice president and treasurer of the Columbus Savings Bank. ended his life in the Columbus Athletic Club today by shooting. table life? Willard had gone to a retiring room on the fourth floor. He removed his coat and vest and then sit. "That's more been in ill health. Cashier of Arlington (Tenn.) Bank Shot Dead in Auto. By Associated ARLINGTON. Tenn., Dec. John Falls, cashier of the Bank of Arlington. was found dead in an automobile near here today with bullet wound in his head. J. F. Hunt, a State examiner, took charge of the bank and said he would make an audit of its books. A statement of the bank, published May 19. showed resources of $162,174.22 and deposits of $123,-


Article from The Evening Sun, December 11, 1930

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Article Text

Cashier Found Dead; State Closes Bank Arlington, Tenn., Dec. 11 (P)-John Falls, cashier of the Bank of Arling ton, was found in an automobile near here today with a fatal bullet wound in his head. and the bank was placed in charge of State bank examiner. Falls was found slumped down in th seat and revolver on the floor A bullet wound was found on the head, which doctors said caused death. J. F. Hunt, State bank examiner, took charge of the bank and said he would make an audit of its books. A statement of the bank published last May 19 showed resources of $162.174.22 and deposits of $123,500.75. Waste Product May Be Used Washington. Dec. 11 (U.P)-Sulphur dioxide gas may be the means of fu ture utilization of the large deposits of low domestic manganese ores in the United States. according to the Bureau of Mines. Tests have shown that the gas, waste product at many smelters, readily dissolves the manganese from the principal oxides. Manganese is used in the manufacture of steel.


Article from The Evening Sun, December 11, 1930

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TENNESSEE BANKER FOUND DEAD IN MOTOR CAR Fass, cashier of the Bank of Arlington, was found in automobile near here today with bullet wound his head, and the bank was placed in charge of state bank statement the bank published last May showed resources of and deposits of


Article from The Chattanooga News, December 11, 1930

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Article Text

FIND ARLINGTON BANK CASHIER DEAD IN AUTO John Falls Found Shot to Death Thursday Morning Institution in Hands of Receiver. Dec. Palls. 27. cashier Bank of Arlington. dead today of bullet in the and the affairs the bank placed the hands of relative of Falls. found him in the seat of his Thursday mortally road about two from suburb. is about miles from Douglas the car in which Falls was riding stopped to 100 yards of When he reached the Douglas he found Falls down in the seat and on the floor. Did said Falls him. which estimated than four the the car stopped. He body ton. where physician him Douglas said he did not hear the Hunt, state bank examiner, to the who the audit was delayed safe be from Advices from business expected open the the statement could made Falls came Arlington from die his 1918. when his death of the Falls years the son Falls survived by widow and statement of the Bank of Arlington. published May showed sources $162,174.22 and deposits of $123,500.75


Article from The Springfield Daily Republican, December 12, 1930

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Article Text

Bank Cashier Found Fatally Wounded in Auto Arlington, Tenn., Dec. John Falls, cashier of the Bank of Arlington, was found in an automobile near here today with fatal bullet wound in his head. Hunt, state bank took charge of the bank and said he would make an audit its books. statement of the bank, published last May 19, showed resources $162,174.22 and deposits of $123,500.75.


Article from Corsicana Semi-Weekly Light, December 12, 1930

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SUICIDE OF BANK OFFICIAL CAUSES AN INCIPIENT RUN SPRINGFIELD, Mass., Dec. 11. Following discovery of `the body of J. Malcom Warren, treasurer of the West Springfield Trust company, in the bank building this mbrning, a suicide by shooting, some 200 persons thronged the banking rooms seeking to withdraw deposits. Statements were issued by officers of the bank that the institution was sound and in good condition. The funds were quickly made available by banks in this city to bridge over the emergency. A note left by Warren said his suicide could be ascribed to "personal losses, fear that he Fvould lose his position in the Cank at the end of the year and the depression engendered by constantly listening to stories of misfortune by persons W80 sought loans and those whom he had advised to purchase securities thathad since greatly depreciated in value. As the crowd grew President Horace A. Moses addressed the depositors stating that funds were available to meet all demands but if the run continued the bank doors would be closed temporarily. Bank Cashier Found Dead. MEMPHIS, Dec. -(P)-John Falls, 27, cashier of the Bank of Arlingon, Tenn., was found dead today with a bullet wound in the head and affairs of the bank were placed in the hands of a state bank examiner. John Douglas, a relative of Falls, found him crumpled in the seat of his car this morning, mortally wounded, on a road about two miles from Arlington. Douglas said the car in which Falls was riding stopped suddenly when he drove to within about 100 yards of it. When he reached the car, Douglas said he found Falls slumped down in the seat and a pistol lying on the floor. Ohio Banker Kills Self. COLUMBUS, Dec. 11.-(P)-William C. Willard, vice-president of the Huntington National Bank and vice-president and treasurer of the Columbus Savings Bank, Athletic club today by shootig. ended his life in the Columbus Athletic club today by shooting.


Article from The Commercial Appeal, December 13, 1930

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ABE MARTIN In less than seven months the slender assets of the Bank of Arlington, which closed Thursday. following the suicide of John H. Falls. its young cashier, had shrunk from $152,172.22 to $135,541.81, it was revealed yesterday when receivership action was filed in chancery court by D. D. Robertson, state banking superintendent. Mr. Robbertson was appointed and R. W. Hall was named as liquidating agent. last financial statement pubEshed by the bank appeared on May 19, and at that time the assets were listed as $152,000. later statement. prepared Dec. showed assets of only $135,000. Incidentally What becomes of all the ecldeposits fell off from $133,500.75 lege presidents' views? About $105,368.95 things that only evenly Neither Mr. Hall nor F. Hunt. tributed on this earth are sea an' bank examiner, were able to disasters. mine just what the condition of the bank was last night. Both refused to KILLS "STRANGE" NEGRO make any statements, but is generally believed that depositors will Victim of Store Owner's Gun Idensuffer substantial loss. tified by Police. Reserve $7,700 Short. Reasons for the sudden suicide of Mr. Falls, who was buried yesterday in the Arlington Cemetery, have not appeared thus far. He shot himself on the old Brownsvill highway, two miles west of Arlington, 8:30 o'clock Thursday morning, just half hour before he with the bank directors, was to have met with Mr. Hunt. Mr. Hunt made an audit of the bank last Saturday and at that time found there was not sufficient cash reserve on hand. He ordered Mr. Falls and the directors to increase their cash reserve by proximately $7,700 or close the bank. Under the law, they had 30 days in which to meet this requirement. Mr. Falls was elected cashier of the bank ago when his father, Falls, died. The nior Falls president and cashier and his son assistant cashier. The bank was one-man institution so far as its conduct was concerned, and the younger Falls had complete charge at the time of his death. Last Financial Statement. Mr. Hall reported to Mr. Hunt that he found $367 in cash when he opened the safe shoruy after the suicide. The financial statement, prepared on Dec. read as follows: Assets Loans and discounts, furniture and fixtures, $970.25: real estate. bonds, stocks and warrants, $15,due checks and cash items, $744.97 cash in transit, $386.72: cash on hand, $501.11. making total of $135,541.81. Under the heading of liabilities was listed: $10,000: surplus, 500: undivided profits. deposits, cashier's checks, $356.06; time certificates, notes and bills payable, $9,345: other liabilities, $170.71.


Article from Statesville Record and Landmark, December 15, 1930

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Bank Cashier is Found in Car Fatally Wounded Tenn., Dec. cashier the Bank of Arlington, found in an automobile near yesterday with fatal bullet wound in his head and the bank placed charge of state bank aminer. Hunt, state bank examiner, charge the bank and said he would make audit its books. A of the bank, published last May showed and deposits of $123,500.75.


Article from Statesville Record and Landmark, December 15, 1930

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Bank Cashier is Found in Car Fatally Wounded Tenn., Dec. Bank of Arlingfound an near with fatal bullet wound in his head bank was placed charge of state bank aminer. Hunt, state bank examiner, charge the and said he make of its books. statement the bank published last May showed and deposits of $123,500.75. Engineer Jumps. Leaping from his engine which of control, Campbell, Pieo mont and Northern railway engineer, yesterday escaped possible death crashed Southern Railway enand overturned. The at the Wor ford street bridge crossing here. None the Southern train's injured. Freight cars to the train it from rolling down steep embankment the street. Denatured. 12 Long "white mixture diluted denatured alcohol and sugar. brought death terday at to Thomas, negro, police reported. Thomas the second here negro to die violent death the past 24 Henry ("Stew Smith, shot death he from his as stepped place night side street in the heart of the section. No arrest had today turned blind before he and before aid could be brought. On him was found quantity the mixture he been drinking.