20599. Bank of Anderson County (Coal Creek, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 20, 1908
Location
Coal Creek, Tennessee

Metadata

Model
gpt-5-mini
Short Digest
a971b055

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (dated June 20–22, 1908) report the Bank of Anderson County in Coal Creek, TN failed to open its doors and that a receiver will be appointed at once. No articles mention a depositor run prior to the closure. Some reports show inconsistent capitalization/figures (one story lists capital stock as $104,000 — likely OCR or report variation — while most give $10,000; one shows $10.00 clearly OCR error). Classified as a suspension that resulted in receivership/closure.

Events (2)
1. June 20, 1908 Receivership
Newspaper Excerpt
A receiver will be appointed at once. / A receiver for the institution will be appointed at once.
Source
newspapers
2. June 20, 1908 Suspension
Cause
Government Action
Cause Details
Bank failed to open its doors; authorities to appoint a receiver and suspend operations.
Newspaper Excerpt
the Bank of Anderson County, at that place, failed to open its doors yesterday.
Source
newspapers

Newspaper Articles (6)
1. June 20, 1908 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, June 20, 1908

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Article Text

Bank Fails to Open. Nashville, Tenn., June 20.-A dispatch from Coal Creek, says that the Bank of Anderson county at that place, failed to open its doors. The capital stock of the bank is $10,000 and the deposits $35,000. A receiver will be appointed at once.

2. June 21, 1908 The Times Dispatch Richmond, VA
Article from The Times Dispatch, June 21, 1908

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Article Text

Bank Fails to Open. NASHVILLE, TENN., June 20.-A dispatch from Coal Creek, Tenn., says that the bank of Anderson county, of that place, failed to open its doors yesterday. The capital stock of the bank is $104,000, and the deposits $330,000. A receiver will be appointed at once.

3. June 21, 1908 Evening Star Washington, DC
Article from Evening Star, June 21, 1908

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Article Text

Bank Doors Closed. NASHVILLE, Tenn., June 20-A dispatch from Coal Creek. Tenn., says the Bank of Anderson County, at that place, failed to open its doors yesterday. The capital stock of the bank is $10,000 and the deposits $35,000. A receiver will be appointed at once.

4. June 21, 1908 Daily Press Newport News, VA
Article from Daily Press, June 21, 1908

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Article Text

Country Bank Goes to Wall. (By Associated Press.) NASHVILLE, TENN., June 20 A dispatch from Coal Creek. Tenn., says that the bank of Anderson county at that place failed to open its doors yesterday. The capital stock of the bank is $10.00 and the deposits $35,000. A receiver will be appointed.

5. June 21, 1908 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, June 21, 1908

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Article Text

Bank Closes Its Doors. Nashville, Tenn., June 20.-A dispatch from Coal Creek, Tenn., says that the bank of Anderson county at that place failed to open its doors yesterday. The capital stock of the bank is $10,000 and the deposits $35,000. A receiver for the institution will be appointed at once.

6. June 22, 1908 The Prescott Daily News Prescott, AR
Article from The Prescott Daily News, June 22, 1908

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Article Text

Doors Not Opened. Coal Creek, Tenn., June 22.-The Bank of Anderson County failed to open its doors. The capital stock of the bank is $10,000 and deposits $35, 000. A receiver will be appointed at once.