Union Savings Bank - Atlanta, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 26, 1930
Location: Atlanta, Georgia (33.749, -84.388)

Metadata

Model: gpt-5-mini
Short Digest: 67dba8df

Response Measures

None

Description

Article (Dec 26, 1930) reports Union Savings Bank in Atlanta 'failed' and was placed in charge of the State Superintendent of Banks. No explicit run is described; closure appears to be by government action/receiver, so classified as suspension_closure (failure/receivership).

Events (2)

1. December 26, 1930 Receivership

Newspaper Excerpt: Union Savings Bank here failed and on the had been placed charge the State Superintendent of Banks
Source: newspapers

2. December 26, 1930 Suspension

Cause: Government Action
Cause Details: Bank failed and was placed in charge of the State Superintendent of Banks (state action/receiver).
Newspaper Excerpt: Atlanta Bank Closes 26 Union Savings Bank here failed and on the had been placed charge the State Superintendent of Banks
Source: newspapers

Newspaper Articles (1)

1. December 26, 1930 The Evening Sun Baltimore, MD

Article from The Evening Sun, December 26, 1930

Click image to open full size in new tab

Article Text

Banks Throughout Close Doors Country Miss., Dec. 26 Peoples Bank Trust Company and branches, Nettleton Rienzi, Miss.. failed open directors called meeting to consider plans for The capitalized 000. Its last plus of about and deposits the president, said tinued withdrawals inability the bank obtain further credit forced the suspension. Three Kansas Close Topeka, Kan., Dec. three small banks in southeastern deposits was announced today by Koeneke, State Bank Commissioner. He attributed closings to last mer's drought and inability of the stitutions realize on their farm paper. banks are all in Allen county. They Mildred State Mildred the Peoples State Bank, Moran, the State Bank Elsmore, Elsmore. Virginia Suspends Dec. Bristow, State Commissioner of and today that the State Bank of Pamplin, this pending meeting its depositors Atlanta Bank Closes 26 Union Savings Bank here failed and on the had been placed charge the State Superintendent of Banks