Decatur Bank & Trust Company

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: trust
Start Date: January 8, 1931
Location: Decatur, Georgia (33.775, -84.296)

Metadata

Model: gpt-5-mini
Short Digest: 36939a0a67475ae6

Response Measures

None

Description

Article (Chattanooga Daily Times, 1931-01-09) reports the Decatur Bank & Trust Company 'failed to open' on Jan 8, 1931 after 'continued withdrawals' and that the bank closed to 'preserve its assets' pending action by the state superintendent of banks. The piece describes a run that produced a suspension; no information in the provided article about reopening, receivership, or permanent closure, so outcome is unsure.

Events (2)

1. January 8, 1931 Run

Cause Details: Continued withdrawals (panic/pressure) led depositors to withdraw funds; no specific rumor or bank-specific scandal is given.
Measures: Bank closed its doors (failed to open) to preserve assets pending action by state superintendent of banks.
Newspaper Excerpt: continued withdrawals had caused the bank to close to preserve its assets for its depositors
Source: newspapers

2. January 8, 1931 Suspension

Cause Details: Suspension/closure of business was taken as a protective measure because of continued withdrawals; action pending with state banking authorities.
Newspaper Excerpt: The Decatur Bank and Trust company failed to open today. notice posted on the door said continued withdrawals had caused the bank to close to preserve its assets for its depositors until action is taken by the state superintendent of banks.
Source: newspapers

Newspaper Articles (1)

1. January 9, 1931 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, January 9, 1931

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Article Text

LOANS TO BROKERS SHOW DECLINE OF $47,000,000 WASHINGTON Jan 8 (AP).-Loans to brokers and dealers held by New York federal reserve member banks for the week ending Jan. 7. were by the federal reserve board today as $1,879,000,000, representing decrease of $47,000,000 as compared with the preceding week. The loans for the week ending Jan. 1930, $886,000,000. The detailed distribution of the loans over the three weeks dealt with in the board's report. was: For Own Account-Jan. 7. $1,206, 000,000 Dec. 31, $1,321,000,000; Jan. 8, For Account of Out-of-Town BanksJan. 7, $315,000,000 Dec. 31, $235,000,000; Jan. 8, 1930, $824,000,000. For Account of Others-Jan. 7, $358,000,000; Dec. 31, $370,000,000; Jan. 8, 1930, $1,642,000,000. Bank Suspensions. COFFEEVILLE, Miss., Jan 8 (AP) The affairs of the Bank of Coffeeville were turned over to the state banking department, but with an announcement that the institution was solvent and that the officers would meet tomorrow for its reopening Directors announced that suspension of business was to protect depositors. The bank is capitalized at $23,500. Deposits were said to amount to approximately $235,000. DECATUR, Ga., Jan. 8 (AP)-The Decatur Bank and Trust company failed to open today. notice posted on the door said continued withdrawals had caused the bank to close to preserve its assets for its depositors until action is taken by the state superintendent of banks. The last quarterly statement, as of Dec. 31, listed total resources of $1.147,781.78: capital stock of deposits of $595,781 78 and savings deposits of $239,612.23. JACKSON, Miss.. Jan. 8 (A).-The state banking department today announced the closing of state banks with deposits of approximately $900,000. The banks reported closed were: The Coffeeville Coffeeville, capitalized at $23.500. with surplus of