Fentress County Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 27, 1901
Location: Jamestown, Tennessee (36.429, -84.933)

Metadata

Model: gpt-5-mini
Short Digest: ec58b986

Response Measures

None

Description

Article states the bank 'made an assignment and closed its doors' and a receiver (W. C. Smith) was appointed on Aug 27, 1901. No run or depositor panic is mentioned. 'Made an assignment' indicates voluntary assignment/liquidation leading to closure and receivership.

Events (1)

1. August 27, 1901 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank 'made an assignment and closed its doors'; receiver appointed; assets reported $40,000 and liabilities $28,000. Cashier George R. Wright recently died is also noted.
Newspaper Excerpt: Fentress County Bank Closed. Jamestown, Tenn., August 27.-The Fentress County Savings Bank made an assignment and closed its doors today. W. C. Smith was appointed receiver.
Source: newspapers

Newspaper Articles (1)

1. August 29, 1901 The Comet Johnson City, TN

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Article Text

Fentress County Bank Closed. Jamestown, Tenn., August 27.-The Fentress County Savings Bank made an assignment and closed its doors today. W. C. Smith was appointed receiver. The assets assets are said to be $40,000 and liabilities $28,000. George R. Wright was the cashier, and he died Tuesday of last 2uitt