Union Savings Bank - Atlanta, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 1, 1897*
Location: Atlanta, Georgia (33.749, -84.388)

Metadata

Model: gpt-5-mini
Short Digest: cf90f150

Response Measures

None

Description

Article (Birmingham State Herald, Mar 6, 1897) states Union Savings Bank was placed in a receiver's hands last month (i.e., Feb 1897). No mention of a depositor run; bank was placed in receivership, implying suspension and closure. Bank type inferred as state savings bank from name.

Events (2)

1. February 1, 1897* Receivership

Newspaper Excerpt: the Union Savings bank which was placed in a receiver's hands last month. (reported Mar 5, 1897).
Source: newspapers

2. February 1, 1897* Suspension

Cause Details: Article does not specify cause for suspension; only notes placement in receivership.
Newspaper Excerpt: the Union Savings bank which was placed in a receiver's hands last month.
Source: newspapers

Newspaper Articles (1)

1. March 6, 1897 Birmingham State Herald Birmingham, AL

Article from Birmingham State Herald, March 6, 1897

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Article Text

A TEMPORARY RECEIVER. Atlanta, Ga., March 5.-Charles Blalock was today appointed temporary receiver of the Manufacturers' Mutual Insurance company. The managers say) that the company is solvent, but its money is tied up in the Union Savings bank which was placed in a receiver's hands last month.