2811. Citizens Bank (Cochran, GA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
March 20, 1920
Location
Cochran, Georgia (32.387, -83.355)

Metadata

Model
gpt-5-mini
Short Digest
2ccf51a6

Response Measures

None

Description

Multiple articles report a run on the Citizens (Citizens') Bank of Cochran on March 20, 1920 after the cashier U.H. Patrick absconded amid embezzlement allegations. The bank met the run and paid depositors in full; no suspension or closure is mentioned.

Events (1)

1. March 20, 1920 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by discovery that cashier U. H. Patrick had absconded amid embezzlement/shortage (alleged shortage about $139,000).
Measures
Bank successfully met the run, paying all depositors in full.
Newspaper Excerpt
A run was started on the Citizens' Bank March 20, 1920 when it became known that Patrick was gone.
Source
newspapers

Newspaper Articles (4)

Article from The Daily Times, December 13, 1921

Click image to open full size in new tab

Article Text

HEAVY SENTENCES FOR BANK CASHIER Caused Shortage of $139,000 Which Brought a Run on the Citizen's Bank in Cochrane. Cochran, Ga:, Dec. 13.--Pleading guilty last night to four counts charging embezzlement and three charging felony U. H. Patrick, former cashier of the Citizen's Bank of Cochran. convicted Nov. 6, of embezzlement of several thousand dollars was given sentences aggregating from 22 to 38 years. Patrick left this morning for Atlanta where he will appear before the state prison commission and be assigned to the penitentiary. A run was started on the Citizen's Bank March 20, 1920 when it became known that Patrick was gone. The bank successfully met the run, paying all deposita in full. Cochran returned in the summer of 1920. It is alleged the shortage total was $139,000. Upon receiving the verdict Patrick fainted.


Article from The Lakeland Evening Telegram, December 13, 1921

Click image to open full size in new tab

Article Text

BANK CASHIER PLEADS GUILTY ON SEVEN COUNTS Sensational Cochran, Ga., Case Is Finally Disposed of and Prisoner Goes To Pen Cochran. Ga. Dec. 13.-Pleading guilty last night in superior court here to four counts charging embezzlement and three charging felony. U. H. Patrick, former cashier of the Citizens' Bank of Cochran. who was convicted November 6. of the embezzlement of $7,000 from the same bank. was given sentences aggregating from 22 to 38 years. Patrick left this morning in the custody of officers for Atlanta, where he will appear before the state prison commission and be assigned to the state penitentiary or state farm. A run was started on the Citizens bank March 20, 1920, when it became known that Patrick, the cashier. was gone. It was reported he had abseconded with considerable funds of the bank. The bank successfully met the run, paying all the depositors in full. Patrick returned to Cochran in the summer of 1920 and eight indictments were returned against him. It is alleged the shortage totalled ap proximately $139,000. At the last term of court Patrick was convicted of embezzlement in connection with the alleged disappearance of a $7,000 package of money shipped from the Citizens' and Southern Bank of Macon to the bank of which Patrick was cashier. Passing of sentence was deferred until yesterday. Upon receiving the verdiet. Patrick fainted and was unconscious for several minutes. On the chrage on which he was convicted Patrick received one to three years; on count two. charging embezzlement. three to five years: on counts three. four and five. charging felony. three to five years each. and counts six, seven and eight. charging embezzlement, three to five years each.


Article from Atlanta Tri-Weekly Journal, December 15, 1921

Click image to open full size in new tab

Article Text

EX-COCHRAN BANKER ENTERS GUILTY PLEA, GETS 22 TO 38 YEARS U.H. Patrick to Appear Before State Prison Commission for Assignment to Penitentiary or Farm COCHRAN, Ga., Dec. 14.-Pleading guilty, Monday night, in superior court here, to four counts marging embezzlement and three charging felony, U. H. Patrick, former cashier of the Citizens' bank, of Cochran, who was convicted November 6 of the embezzlement of $7,000 from the same bank, was given sentences ag. gregating from twenty-two to thirtyeight years. Patrick left this morning in the custody of officers for Atlanta, where he will appear before the state prison commission and be assigned to the state penitentiary or state farm. A run was started on the Citizens' bank March 20, 1920, when it became known that Patrick, the cashier, was gone. It was reported that he had absconded with considerable funds of the bank. The bank successfully met the hun, paying all the depositors in full. Patrick returned to Cochran in the summer of 1920 and eight indictments were returned against him. It is alleged that the total amount of the shortage was approximately $139,000. At the last term of court Patrick was convicted of the embezzlement in connection with the alleged disappearance of a $7,000 package of money shipped from the Citizens and Southern bank to the bank of which Patrick was cashier. Passing of sentence was deferred until yesterday. Upon receiving the verdict, Patrick fainted and was unconscious for several minutes. On the charge on which he was convicted, Patrick received one to three years; on count two, charging embezzlement, three to five years; on counts three, four and five, charging felony, three to five years each, and counts six, seven and eight, charging embezzlement, three to five years each.


Article from Yorkville Enquirer, December 16, 1921

Click image to open full size in new tab

Article Text

SENTENCE FOR BANKER Georgia Thief Gets 22 to 38 Years in Prison. Pleading guilty Monday night in superior court here to four counts charging embezzlement and three charging felony, U. H. Patrick, former cashier of the Citizens' Bank of Cochran, Georgia, who was convicted November 6 of the embezzlement of $7,000 from the same bank, was given sentences aggregating from 22 to 38 years. Patrick left this morning in the custody of officers for Atlanta, where he will appear before the state prison commission and be assigned to the state penitentiary or state farm. A run was started on the Citizens' Bank March 20, 1920, when it became known that Patrick, the cashier, was gone. It was reported that he had absconded with considerable funds of the bank. The bank successfully met the run, paying all the depositors in full. Patrick returned to Cochran in the summer of 1920 and eight indictments