Citizens Bank - Sneedville, TN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 1, 1933*
Location: Sneedville, Tennessee (36.530, -83.217)

Metadata

Model: gpt-5-mini
Short Digest: bb03972a

Response Measures

None

Description

Article (Knoxville News-Sentinel, 1933-02-04) reports the bank had been closed/suspended and that reopening of Citizens' Bank of Sneedville would be considered in February; no mention of a depositor run. The president states the bank has sufficient assets to pay depositors if given time to liquidate. Cause of suspension not specified in the article.

Events (2)

1. February 1, 1933* Other

Newspaper Excerpt: Consider Reopening Bank Feb. Reopening ... will be considered at meeting Monday. Drinnon, president, letter to depositors said that the bank has enough assets to pay all depositors in full ... permitted to reopen given ample time to liquidate.
Source: newspapers

2. February 4, 1933 Suspension

Cause Details: Article does not specify reason for suspension; only that reopening will be considered and president claims sufficient assets to pay depositors.
Newspaper Excerpt: Reopening of Citizens' Bank of Sneedville will be considered at meeting Monday. Drinnon, president, letter to depositors said that the bank has enough assets to pay all depositors in full permitted to reopen given ample time to liquidate.
Source: newspapers

Newspaper Articles (1)

1. February 4, 1933 The Knoxville News-Sentinel Knoxville, TN

Article from The Knoxville News-Sentinel, February 4, 1933

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Article Text

Consider Reopening Bank Feb. Reopening of Citizens' Bank of Sneedville will be considered at meeting Monday. Drinnon. president, letter to depositors said that the bank has enough sets to pay all depositors in full permitted to reopen given ample time to liquidate.