244. Tuscumbia Bank & Trust Company (Tuscumbia, AL)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust
Start Date
May 13, 1912
Location
Tuscumbia, Alabama (34.731, -87.703)

Metadata

Model
gpt-5-mini
Short Digest
6c02c23036c7888f

Response Measures

None

Description

Newspaper items indicate the Tuscumbia Bank & Trust Company had previously been closed/placed in receivership (an examination showed a large shortage) but had 'opened its doors' and recommenced business in mid-May 1912. A later article (Oct 1912) refers to an embezzlement by the former cashier and notes the bank 'had been placed in the hands of a receiver' when that shortage was discovered; chronology is somewhat ambiguous in the clips, but the May piece clearly documents a reopening. No explicit mention of a depositor run is present. I therefore classify this as a suspension with reopening. Dates for the suspension/receivership are not explicitly given in the excerpts.

Events (4)

1. May 13, 1912 Reopening
Newspaper Excerpt
On Monday morning the Tuscumbia Bank and Trust company opened its doors to the Tri-Cities, and recommenced business. Many deposits were made and very few withdrawals. This bank is now on a firmer basis than ever.
Source
newspapers
2. October 1, 1912* Other
Newspaper Excerpt
David A. Rorex, former cashier of the Tuscumbia Bank & Trust Co., who is charged with embezzling $10,000 of the bank's funds, will be placed on trial…Rorex was charged with embezzlement several months ago, after the bank had been placed in the hands of a receiver and an examination showed a great shortage.
Source
newspapers
3. * Receivership
Newspaper Excerpt
…after the bank had been placed in the hands of a receiver and an examination showed a great shortage.
Source
newspapers
4. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination disclosed a large shortage of funds (embezzlement by the cashier is later alleged).
Newspaper Excerpt
…after the bank had been placed in the hands of a receiver and an examination showed a great shortage.
Source
newspapers

Newspaper Articles (2)

Article from The Birmingham Age-Herald, May 15, 1912

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Article Text

KILLED BY TRAIN IN SHEFFIELD YARDS Horrible Death of H. H. Ballinger Sunday-Tuscumbia Trust Company Reopens Doors Sheffield, May 14.-(Special.)-A horrible accident occurred in the Sheffield yards of the Louisville and Nashville Railroad company Sunday night at 10:30 o'clock, in which H. H. Ballinger was killed. He had just come in on his run from Columbia. It is thought that Ballinger fell from the top of the coach or from a foot-board as the entire train passed over his body. His neck was broken, his chest crushed, and his right hand cut entirely off. It was nearly a half an hour before the train men missed him, and upon searching his mangled remains were found in the switch yards. Rev. J. A. Bowen from Birmingham, who is the conference evangelist, commenced a revival in the Methodist church yesterday, by holding a Mothers' day service at 11 o'clock. On Monday morning the Tuscumbia Bank and Trust company opened its doors to the Tri-Cities, and recommenced business. Many deposits were made and very few withdrawals. This bank is now on a firmer basis than ever. Sheffield Camp No. 75 unveiled a monument to the late sovereign, Jack Wanning, of the Woodmen of the World, with impressive ceremonies on last Sunday afternoon.


Article from The Birmingham Age-Herald, October 19, 1912

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Article Text

TUSCUMBIA BANKER ON TRIAL TUESDAY Montgomery, October 18.-(Special.)-David A. Rorex, former cashier of the Tuscumbia Bank & Trust Co., who is charged with embezzling $10,000 of the bank's funds," will be placed on trial in the Colbert county circuit court Tuesday. State Superintendent of Banks Alex E. Walker will appear in behalf of the state banking department. Mr. Rorex was charged with embezzlement several months ago, after the bank had been placed in the hands of a receiver and an examination showed a great shortage. He disposed of his property and went west, but was indicted a few days later. He returned to Tuscumbia and surrendered. Rorex was a well known citizen of Tuscumbia for years and is a member of a prominent north Alabama family.