Blount County Bank - Oneonta, AL

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: January 28, 1930
Location: Oneonta, Alabama (33.948, -86.473)

Metadata

Model: gpt-5-mini
Short Digest: 906c700e

Response Measures

Full suspension, Books examined

Other: Stockholders voted to place bank in charge of state banking department; negotiations for merger mentioned.

Description

Article (The Birmingham Post, 1930-01-28) reports a heavy run of withdrawals that caused the bank to close and stockholders voted to place the bank in the hands of the state banking department. No reopening is mentioned; receiver/closure appears likely.

Events (2)

1. January 28, 1930 Run

Cause Details: Heavy run of withdrawals reported; article does not specify underlying rumor, correspondent failure, or other trigger.
Measures: Stockholders voted unanimously to place the bank in the hands of the state banking department; negotiations for merger under way.
Newspaper Excerpt: The Blount county bank, state banking institution, closed its doors Tuesday because of heavy run of withdrawals, according to A. Findley, president.
Source: newspapers

2. January 28, 1930 Suspension

Cause: Government Action
Cause Details: Stockholders placed the bank in the custody of the state banking department following the heavy withdrawals; bank closed its doors and put under state control.
Newspaper Excerpt: the bank voted unanimously to place the bank in the hands the state banking department at meeting Tuesday morning.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1930 The Birmingham Post Birmingham, AL

Article from The Birmingham Post, January 28, 1930

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Article Text

BLOUNT COUNTY BANK CLOSES DOORS TUESDAY Stockholders Vote To Put Case In Charge Of State ONEONTA, Ala., Jan. 28-The Blount county bank, state banking institution, closed its doors Tuesday because of heavy run of withdrawals, according to A. Findley, president. the bank voted unanimously to place the bank in the hands the state banking department at meeting Tuesday morning. Negotiations for merger now under Findley said. He also said there will be no loss to depositors or stockholders, in his opinion. tion bureau wrote the manufacturers his letter of invitation. When we assure you of our hospitality we mean that far as you and your business are concerned we hope it will be cold world.' The two-day will be devoted to business of interest to the ice men. The convention banquet is scheduled for Feb. 4.