Bank of Pinetta - Pinetta, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1918*
Location: Pinetta, Florida (30.594, -83.352)

Metadata

Model: gpt-5-mini
Short Digest: 1212b9ec

Response Measures

None

Description

Article (Americus Times-Recorder, 1918-03-12) reports the bank 'suspended a week ago' and was 'taken over by the bank examiner of Florida' due to bad paper signed by President Jno. D. Walker (~$17,000) and Walker's insolvency/absence. No run is mentioned; suspension appears to be a failure taken into custody by examiner and thus permanent closure. OCR corrected 'Flordia'->Florida and 'affairs' typos.

Events (1)

1. March 1, 1918* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Taken over by the Florida bank examiner after discovery of worthless paper (~$17,000) signed by bank president Jno. D. Walker and Walker's resulting insolvency; leads to failure/closure.
Newspaper Excerpt: Reports say that the bank suspended a week ago, or, rather it was taken over by the bank examiner of Flordia.
Source: newspapers

Newspaper Articles (1)

1. March 12, 1918 Americus Times-Recorder Americus, GA

Article from Americus Times-Recorder, March 12, 1918

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Article Text

JOHN D.WALKER'S BANK IS SHUT UP VALDOSTA, Ga., March 12. - Considerable local interest has been manifested in the recent suspension of the bank at Pinetta, Fla,. which happened to be a member of the chain of banks operated by Jno. D. Walker, of Sparta, Ga. Reports say that the bank suspended a week ago, or, rather it was taken over by the bank examiner of Flordia. It is alleged that the failure is attributed to the fact that it has paper signed by President Walker for something like $17,000 on which it could not realize. It is also understood that Mr. Walker was badly involved and that many suits have been entered against him at his home in Sparta, his affairs being in such shape that it was had to get hold of his ownings, which are said to have been large. It is claimed that it has been impossible to locate him for several weeks. It is said that parties around Pinetta who backed up the bank there will lose considerably when it affairs are settled.