Desha Bank & Trust Company - Arkansas City, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: July 1, 1927*
Location: Arkansas City, Arkansas (33.609, -91.207)

Metadata

Model: gpt-5-mini
Short Digest: fb0d5552124b893d

Response Measures

None

Description

Article (Evening Star, 1927-07-26) states the Desha Bank & Trust Co. at Arkansas City was closing and had tied up funds; no mention of a depositor run. The text implies the bank suspended/closed by the time of the report. No reopening or receivership information is provided in the excerpt.

Events (1)

1. July 1, 1927* Suspension

Cause Details: Article notes the bank was closed and had tied up funds due to its closing; no cause (run, government action, or insolvency details) specified in the excerpt.
Newspaper Excerpt: the closing of the Desha Bank & Trust Co., at Arkansas City, last week
Source: newspapers

Newspaper Articles (1)

1. July 26, 1927 Evening Star Washington, DC

Article from Evening Star, July 26, 1927

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Article Text

telegraphed Sunday by United States Senator Joe T. Robinson to Secretary of Commerce Hoover, Secretary of War Davis and Army engineer officers in charge of Mississippi River Commission work. Surpension was declared to be threatened by Maj. John C. H. Lee of Vicksburg. engineer in charge of the third Mississippi River Commission district, in a telegram to W. G. Street of Camden, attorney for the Southeast Arkansas Levee Board. Maj. Lee wired that unless $76,000 due the commission as the district's share of the levee repair work and which was tied un by the closing of the Desha Bank & Trust Co., at Arkansas City, last week, was made available immediately all work would be suspended at once. Levees involved include those at