Ripley Bank - Ripley, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 21, 1913
Location: Ripley, Tennessee (35.745, -89.530)

Metadata

Model: gpt-5-mini
Short Digest: a2671c19

Response Measures

None

Description

Article (McNairy County Independent, 1913-03-21) reports Ripley Bank was forced to close and a receiver (C. R. Barbee, cashier) was named due to inability to realize on its paper (bad loans/illiquid assets). No run or depositor panic is mentioned.

Events (2)

1. March 21, 1913 Receivership

Newspaper Excerpt: C. R. Barbee, Cashier, Named Receiver for Defunct Institution.
Source: newspapers

2. March 21, 1913 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank forced to close because it was unable to realize on its paper (illiquid or bad loans/assets).
Newspaper Excerpt: RIPLEY BANK CLOSES. C. R. Barbee, Cashier, Named Receiver for Defunct Institution. Ripley-The Ripley Bank of this city was forced to close its doors on account of not being able to realize on its paper.
Source: newspapers

Newspaper Articles (1)

1. March 21, 1913 McNairy County Independent Selmer, TN

Article from McNairy County Independent, March 21, 1913

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Article Text

RIPLEY BANK CLOSES. C. R. Barbee, Cashier, Named Receiver for Defunct Institution. Ripley-The Ripley Bank of this city was forced to close its doors on ac count of not being able to realize on its paper. This bank was established in 1888, and the Lauderdale County Bank and Trust Company merged with it just about a year ago. The capital stock was $74,100 and surplus $20,000; the assets about $300,000 and liabili ties about $200,000.