262. Union Bank & Trust Company (Batesville, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
June 1, 1927
Location
Batesville, Arkansas (35.770, -91.641)

Metadata

Model
gpt-5-mini
Short Digest
2113ea02481650d0

Response Measures

None

Description

Articles report the Union Bank & Trust Company at Batesville failed to open on June 1, 1927 and a receiver (L. Gatz) was appointed June 8, 1927. No article describes a depositor run or specific rumor as the cause; closure appears to be a suspension leading to permanent closure/receivership.

Events (2)
1. June 1, 1927 Suspension
Cause Details
Article notes the bank failed to open for business; no explicit cause (rumor, insolvency, or correspondent failure) is provided.
Newspaper Excerpt
the Union Bank and Trust Company at Batesville ... failed to open for business today.
Source
newspapers
2. June 8, 1927 Receivership
Newspaper Excerpt
L. Gatz ... had been appointed as liquidating agent for the Union Bank & Trust Company of Batesville, by State Bank Commissioner Taylor. The bank closed its doors about week ... and he would ... begin his duties as receiver.
Source
newspapers

Newspaper Articles (2)
1. June 1, 1927 The Stuart News Stuart, FL
Article from The Stuart News, June 1, 1927

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Article Text

ARKANSAS BANKS CLOSE. LITTLE ROCK, Ark., June state banks, the Union Bank and Trust Company at Batesville, and the Dairymen's Bank at Carlisle, failed to open for business today. SHOT SEVEN TIMES. June CHICAGO, laid by four gunmen, Herman Carcelli, municipal court bailiff, was shot and killed Tuesday. Carcelli was shot seven times.

2. June 8, 1927 Jonesboro Daily Tribune Jonesboro, AR
Article from Jonesboro Daily Tribune, June 8, 1927

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Article Text

L. GATZ HAS BEEN APPOINTED BANK RECEIVER Announcement was received yester. day afternoon by W. L. Gatz of this city, that he had been appointed as liquidating agent for the Union Bank & Trust Company of Batesville, by State Bank Commissioner Taylor. The bank closed its doors about week Mr. Gatz with the Jonesboro Trust Company of this city for a number of years prior to engaging in the insurance business, and is thoroughly familiar with the banking business. He announced this morning that he would drive over this afterooon and begin his duties as receiver.