20753. Maynardville State Bank (Maynardville, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 20, 1933
Location
Maynardville, Tennessee (36.251, -83.797)

Metadata

Model
gpt-5-mini
Short Digest
3f4de038

Response Measures

None

Description

Articles (dated Jan 27, 1933) report the Maynardville State Bank suspended the prior Friday to avoid any hysteria after the closing of East Tennessee National (Knoxville) and reopened Jan 27, 1933. OCR errors in some articles (Maynardsville/Mounardsville) were corrected to Maynardville. No run on this specific bank is described — suspension was precautionary and the bank reopened.

Events (2)

1. January 20, 1933 Suspension
Cause
Local Banks
Cause Details
Suspended as a precautionary measure after the closing of the East Tennessee National Bank at Knoxville to avoid any hysteria among depositors.
Newspaper Excerpt
which suspended business last Friday
Source
newspapers
2. January 27, 1933 Reopening
Newspaper Excerpt
Maynardville State Bank was open again today; This bank had suspended to avoid any hysteria that might follow the closing of East Tennessee National at Knoxville, said R. V. Beeler, vice-president.
Source
newspapers

Newspaper Articles (8)

Article from The Daily News-Journal, January 27, 1933

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Article Text

Maynardsville Bank Open for Business Tenn Jan Menardsville State Bank was open todav week after it was SUSconded following the closing of the East Tennessee National Bank And depositors came in to deposit more "This bank had suspended to avoid any hysteria that might follow- the closing of East Tennessee National at Knoxville.' said R. V. Beeler,


Article from The Daily News-Journal, January 27, 1933

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Article Text

Maynardsville Bank Open for Business "aynardsville. Tenn., Jan. 27-(U.P)Mounardsville State Bank was open ngain todav. week after it was susmended. following the closing of the East Tennessee National Bank And depositors came in to deposit more "This bank had suspended to avoid any hysteria that might follow the closing of the East Tennessee National at Knoxville," said R. V. Beeler, vice-president.


Article from Elizabethton Star, January 27, 1933

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Article Text

BANK RE-OPEN The Maynardville State Bank, which suspended business last Friday, was open again today. R. V. Beeler, vice-president, said the bank had resources to meet every demand. The bank is the first of four "suspended" banks in the Knoxville territory to re-open.


Article from The Knoxville Journal, January 27, 1933

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Article Text

STATE DEMANDS DEATH AS PENALTY FOR WARD; 'RUN' REVERSED Maynardville Bank Gains After Reopening. Jan. Maynardville State bank, which suspended last was reopen today and immediately deposi tors rusbed the deposit more $6,000 posited cording to Beeler, dent bank suspended to avoid any might follow the closing of the East tional and will remain open said Beeler have ample meet every demand expect continue did in past bank has capital stock $15,000, of plus and deposits $40,633. and solid these figures Beeler said further. This the first of four "suspend banks City Bank Fountain City, Citizens Bank Trust Rutledge, and Bank Sevierville are the others, and officers of all three have voiced tentions of reopening within 15 days.


Article from The Knoxville News-Sentinel, January 27, 1933

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Article Text

BANK IS REOPENED AT MAYNARDVILLE Depositors Bring in More Money; 'Avoided Hysteria.' Special The Jan. Maynardville State Bank again open, after 'suspending following the closing of East Tennessee National Bank. Depositors today increased posits by more than $7000 and one withdrew cent other than checking in the usual of said Arthur Acuff, president, and Von Moore, They also said that since the ba suspended week ago not one depositor had asked to withdraw any money. "This bank suspended to avoid any hysteria follow the closing East tional at and will remain said vice-president have ample resources to meet every demand. The bank had suspended after eral years ago, but reopened. The after the closing East National about the same time as before.


Article from The Atlanta Journal, January 27, 1933

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Article Text

Seaboard Asks Right To Drop Arcadia Line WASHINGTON, Jan. Seaboard Air Line Railroad Company Friday asked the Interstate Commerce to permit it abandon its line from Manatee Fla. The line originally built into timber Receivers for Seaboard said little timber remained and that most of the vegetables and citrus fruit go through packing houses which use trucks to gather them. Tennessee Bank Opens Tenn. Jan. 27 Maynardsville State Bank which uspended business last Friday open again Friday. Beeler vice scid the bank had redemand The bank the first four pended" banks in the Knoxville territory to reopen.


Article from The Dothan Eagle, January 28, 1933

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Article Text

BANK REOPENS Tenn. Maynardville State bank, which suspended business last Friwas again Friday. day, open said the Beeled, vice-president, bank had resources to meet every The bank is the first demand. banks in Knoxville four 'suspended' territory to reopen.


Article from The Knoxville Journal, February 2, 1933

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Article Text

BANK REOPENS Rutledge Suspension to Be Lifted Today. RUTLEDGE. Feb. 1-The Citizens Bank Trust Co., which gus. pended business January 24, will reopen tomorrow, Cashier C. B. Cabbage, announced tonight. The bank suspended under state laws after closing the East Tennessee National Knoxville and the First National bank in Morristown. Officials said this action was of deand to avoid the effects of caused by the failures. Over 95 per cent. of the Rutledge bank's depositors have signed an agreement not to take any of the bank for 90 days and then to accept five per cent. of their total deposits. Five per cent. of deposits will be paid every 90 days those wanting their cash, Cabbage said. "We have had wonderful cooperation from depositors expect few if any to take their money of the bank when the five per cent. refunds come due. In fact we have been by majority of them that the cash will be left in the bank, which is in every respect,' said. This is the second of several banks to reopen after closing avoid hysteria' after the failure of the East Tennessee in Knoxville. Maynardville State bank at Maynardville was the first to resume business. ENTERS OFFICE ATHENS, Tenn. Feb. Boyd Wilkins, recently appointed clerk and master for IcMinn county by Chancellor T. Stewart, was inducted into office today. County Court Clerk John E. administered the oath. Mr. Wilkins succeeds Latham, who has been serving the pired term of her late husband. ducted Thursday at 2 m. at Little Emory church. The Rev Mr. Chaney, Harriman, will officlate. Burial will take place in Harriman. MRS. LUCY SPEARS CHARLES Lucy Spears Charles, died at the home of her daughter, Mrs. Minnie Hale, at p. m. today, following a lingering illness. Funeral services will be conductfrom the M. church, South, Thursday at m. Interment will be in the cemetery. Surviving besides the one daugh ter J. Charles, of Flora Home, Fla, RILEY ADAMS CROSSV Feb. Funeral services were at Orab Orchard for Riley Adams, 83. who died Rockwood hospital He the oldest Mason Cumberland county, having joined Crossville Lodge No. 483 more than 60 years ago. His widow and one daughter survive. MRS. LUCY BEELER services conducted yesterday from the Block Springs Baptist church for Mrs. Lucy Beeler, who died Sunday Burial was in the church cemetery. MRS. ALLIE VALENTINE ELIZABETHTON. Feb. Mrs. Allie Valentine, 32. of Cosby, Ten.n. died at the home of her parents. Judge Mrs. L. B. Morley, of