Bank of Newton - Newton, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 19, 1924
Location: Newton, Alabama (31.350, -85.600)

Metadata

Model: gpt-5-mini
Short Digest: 1447f30e

Response Measures

None

Description

Article (Atlanta Tri-Weekly Journal, 1924-01-19) reports the Bank of Newton 'closes doors and is taken over [by the] state banking department, at request of directors.' No run is mentioned; takeover by state indicates suspension and effective closure/receivership.

Events (2)

1. January 19, 1924 Receivership

Newspaper Excerpt: Bank of Newt closes doors and is taken over state banking department, at reque of directors.
Source: newspapers

2. January 19, 1924 Suspension

Cause: Government Action
Cause Details: Taken over by the state banking department at the request of the bank's directors; bank closed its doors.
Newspaper Excerpt: NEWTON. - Bank of Newt closes doors and is taken over state banking department, at reque of directors.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1924 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, January 19, 1924

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Article Text

SPARTANBURG.-City board water commissioners investigat possible sites for location of ne water system. ALABAMA MOBILE.-Carrier pigeon. bea ing leg band marked "C. No. 59 takes refuge on steamship Manta, miles off Tortugas, Captain R. Goodman reports. MUSCLE SHOALS.-Many hous are being built here to take care rapidly increasing population. ALBERTVILLE.-Marshal] cou ty branch of Alabama farm burea is erecting large concrete cotto warehouse. MONTGOMERY-Major James Cowan, for 55 years citizen he and prominent in local politics, dead. TROY.-Large citizens meetir here declares license tax on far wagons unjust, and request repe by commissioner's court. MONTGOMERY. - Contract f erection of maternity ward f Methodist hospital is let to Ande son Lumber company for $58,000. GROVE HILL-After three year service as home demonstrati agent for Geneva county, Mi Bertha Lee Ferguson resigns ai accepts similar position in Clarl county. MANCHESTER. - Manchest Coal company is building mar houses for miners here, and pi pares to dig coal on large scale. MARION.-J. Marvin Moor president of People's bank, is ele ed president of Civitan club. SUGGSVILLE-Handsome hor of Mr. and Mrs. W. D. Bumpers destroyed by fire with loss of $2 000. Barn of H. E. Langlo is al burned with loss of $5,000. JASPER.-Train on Alabama Ce tral short line, from Jasper to Su light, is wrecked and consideral damage is done to tracks. OAKMAN.-Farmers of secti are preparing to SOW largest crop oats. CORDOVA. - Dozen residence costing from $2,000 to $7,000, are 1 ing built here. NEWTON. - Bank of Newt closes doors and is taken over state banking department, at reque of directors. SELMA.-Morris Hohenberg, o of largest cotton merchants in A bama, is elected president of Cha: ber of Commerce. DECATUR.-Member of Tenness Valley Shrine club will erect ne wing to Benevolent Hospital. PHOENIX "CITY.-Twenty-fo veterans or Sjanish-American war e ganize camp here. OPELIKA.-Hubbard Howard arrested at Columbus, Ga., on char of forgery at Phoenix City. MOBILE. - Unidentified thie sticks hand through money ord window at postoffice, and gets aw with $480 in currency. ANDALUSIA.-Boney Adkinso 45, well known farmer, is crush to death by single car loaded wi coal running over him. in Central Georgia railroad yards here. SHORTERS.-T. L. Weaver, 75, at home of daughter, Mrs. Noble. OPELIKA.-Farm club women Lee county entertain Miss Isal Bevier, head of home economics University of Illinois. BAY MINETTE-Satsuma and 1 can growers of Mobile and Baldw counties protest against tree ta imposed by legislature. TROY.-Miss Charlotte Buse home demonstration agent for Pi county, is co-operating with Unit States department of agriculture nation-wide study of farm cost living. MONTGOMERY.-Alabama Pow company withdraws petition for rig to construct power plants on Coo river between locks 2 and 3, b opposes People's Hydroelectric Po er company in development at most same place. GASDEN.-City National Ban new institution, with $100,000 capital is being organized here by G. King. of Tullahoma, Tenn., and V. Davidson, of Gadsden. TUSCALOOSA.-Chamber of Co merce is placing guide signs on hig ways into Tuscaloosa. MONTGOMERY. - Dixie Poult show tries. of draws many to see large e