Bank of Strawberry Plains - Strawberry Plains, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 25, 1933
Location: Strawberry Plains, Tennessee (36.063, -83.686)

Metadata

Model: gpt-5-mini
Short Digest: 09b0c213

Response Measures

None

Description

Articles (Jan 25, 1933) report the bank did not open and that directors decided to close and liquidate due to unsettled conditions in the banking industry. No run or reopening is mentioned; closure appears voluntary liquidation.

Events (1)

1. January 25, 1933 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors decided to close and liquidate the bank citing unsettled conditions in the banking industry.
Newspaper Excerpt: Due to unsettled condition in the banking industry directors have decided to close and liquidate.
Source: newspapers

Newspaper Articles (2)

1. January 25, 1933 Morristown Gazette Mail Morristown, TN

Article from Morristown Gazette Mail, January 25, 1933

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Article Text

Strawberry Plains Bank Closes Doors Strawberry Plains, Tenn., Jan. 25. Bank of Strawberry Plains did not open for business today. This notice was posted on the door at 2:00 m. Tuesday: "Due to unsettled condition in the banking industry directors have decided to close and liquidate.' The bank had capital of $10,000, deposits of $7,000, and assets $81,000. "They expect to pay dollar dollar," said Walker, brother-in-law of the

2. January 25, 1933 The Knoxville News-Sentinel Knoxville, TN

Article from The Knoxville News-Sentinel, January 25, 1933

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Article Text

STRAWBERRY PLAINS BANK CLOSES DOORS Expects To Be Able To Pay Every Depositor. Special To The STRAWBERRY PLAINS. Jan. 25. Bank of Strawberry Plains did not open for business today. This notice posted was on the door at 2 p. m. Tuesday: "Due to unsettled conditions in the banking industry directors have decided to close and liquidate." The bank had capital of $10,000, deposits of and assets of $81,000. A. C. Parrott is president. W. E. Parrott, vicepresident, and T. C. Stone, cashier. "They expect to pay depositors dollar for dollar, said R. E. Walker. of the cashier, today.