Desoto Banking Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1918*
Location: DeSoto, Georgia (31.955, -84.067)

Metadata

Model: gpt-5-mini
Short Digest: 9aeac50e4b78cf95

Response Measures

None

Description

Article (Americus Times-Recorder, 1919-09-18) reports that the DeSoto Banking Company suspended business about a year ago. The paper gives no indication the bank reopened by Sept 1919; litigation over advances is ongoing. There is no mention of a run or of a receiver being appointed, so closure is inferred from the continued suspension and legal actions—hence classification as suspension_closure. Date of suspension is approximate (about one year before the 1919-09-18 publication).

Events (1)

1. September 1, 1918* Suspension

Cause Details: Article does not state a cause for the suspension; only notes the bank suspended business about a year ago.
Newspaper Excerpt: the defense was represented by ... The money was advanced at the time B. L. Carter was cashier of the bank, which suspended business about a year ago.
Source: newspapers

Newspaper Articles (1)

1. September 18, 1919 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, September 18, 1919

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Article Text

SUIT AGAINST DE SOTO BANK IS BEING HEARD The hearing of the suit of the Wallker Finance and Securities company, of Sparta, against the DeSoto Banking company, for recovery of $4,000 advanced to the bank the latter part of 1916, wasbegun this afternoon in the City Court of Americus. W. H. Burwell, of Sparta, former speaker of the Georgia house, was present as leading counsel for the plaintiff, assisted by W. A. Dodson, and the defense was represented by W. W. Dykes, and James and John Allen Fort. A hard-fought legal battle was in prospect. The money was advanced at the time B. L. Carter was cashier of the bank, which suspended business about a year ago.