2416. Bank of Doerun (Doerun, GA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 13, 1926
Location
Doerun, Georgia (31.320, -83.917)

Metadata

Model
gpt-5-mini
Short Digest
598da9acf60fe680

Response Measures

None

Description

Articles (Dec 13–14, 1926) report the Bank of Doerun had suspended business several weeks prior to publication because of frozen assets in farm loans. There is no explicit mention of a depositor run on the Bank of Doerun itself (the run described refers to the Farmers' Bank which closed the prior Friday). The ultimate fate (permanent closing or later reopening) of the Bank of Doerun is not stated; I selected suspension_reopening as the most likely category given the articles describe a suspension due to poor farm-paper asset quality rather than an insolvency/receivership, but this is uncertain.

Events (1)
1. December 13, 1926 Suspension
Cause
Local Shock
Cause Details
Frozen assets in the form of farm paper (agricultural loan losses/frozen farm paper) led to suspension of business.
Newspaper Excerpt
Doerun is now without'a bank. the Bank of Doerun. the only other nancial institution there, having suspended business several weeks
Source
newspapers

Newspaper Articles (2)
1. December 13, 1926 The Macon News Macon, GA
Article from The Macon News, December 13, 1926

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Article Text

was stated that the affairs of the bank were in good shape that would have been possible for it to have continued operate its customers had not lost confidence and started withdrawing deposits. There was run on the bank. the generally accepted meaning the word. but about half of the money subject to check withdrawn within period of few Doerun is now without'a bank. the Bank of Doerun. the only other nancial institution there, having suspended business several weeks Its grew out of fro. assets in the form of farm paper, The British treasury recently $1540 of Scottish ings for which no owner could be

2. December 14, 1926 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, December 14, 1926

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Article Text

Farmers' Bank Plans To Reopen in Doerun MOULTRIE, Ga., Dec. 14.-An of fort to recognize the Farmers' bank, of Doerun, near here, which closed its doors last Friday, to be made just cording word received here. was stated that the affairs of bank were in good shape and that would been possible for to have continued to operate "if its customers not confidence" and deposits. on the bank in accepted of the word, but about half the check withdrawn within a period of few weeks. Doerun is now without bank, the Bank of Doerun, the only other fiinstitution there, having sus. pended business weeks ago. Its grew out of frozen assets in the form of farm paper.