Capital City National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5490
Charter Number: 5490
Start Date: September 21, 1907
Location: Atlanta, Georgia (33.749, -84.388)

Metadata

Model: gpt-5-mini
Short Digest: ffbf4e81

Response Measures

None

Description

Article (Hattiesburg Daily News, 1907-09-22) reports that embezzlement by a bank officer (named Sims in text) 'caused the suspension' of Capital City National Bank; the bank paid depositors in full and retired from business — indicating a suspension followed by permanent closure/liquidation. OCR is poor around the officer's name but bank name and city are clear.

Events (1)

1. September 21, 1907 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Embezzlement/defalcations by a bank officer (Sims) led to the bank's suspension and eventual retirement from business.
Newspaper Excerpt: Although his defalcations caused the bank to suspend, it paid dollar for dollar to its depositors, and something above par to the stockholders, but retired from business as a result of the stain which had been put upon it by the act of Sims.
Source: newspapers

Newspaper Articles (1)

1. September 22, 1907 Hattiesburg Daily News Hattiesburg, MS

Article from Hattiesburg Daily News, September 22, 1907

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Article Text

# TERM RELEASED September 21.-Hallie young Atlanta banker man who was sentenced to United States prison in April, for embezzlement of $10,000 the Capital City National Bank, causing the suspension of that institution, will conclude his term of imprisonment tomorrow. Sims was sentenced to serve six years behind the bars but his excellent conduct has given him the benefit of the full reduction allowed by law for good behaviour. Sims' arrest and conviction caused a great sensation at the time, as he was one of the leaders in the younger set of Atlanta society, and a welcome visitor in every home of the capital. Although his defalcations caused the bank to suspend, it paid dollar for dollar to its depositors, and something above par to the stockholders, but retired from business as a result of the stain which had been put upon it by the act of Sims.