Exchange Bank - Cordele, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1930*
Location: Cordele, Georgia (31.964, -83.782)

Metadata

Model: gpt-5-mini
Short Digest: b1c6ec4d

Response Measures

None

Description

Article states the Exchange Bank of Cordele closed 1930 and a liquidating agent is paying dividends in 1932. No mention of a depositor run prior to closure; the bank remained closed and is under liquidation, so classified as suspension_closure (permanent closure/receivership/liquidation).

Events (3)

1. January 1, 1930* Suspension

Cause Details: Bank closed in 1930 and entered liquidation/was placed in the hands of a liquidating agent; article gives no specific trigger (no run or government action mentioned).
Newspaper Excerpt: the Exchange Bank which closed 1930
Source: newspapers

2. December 22, 1932 Other

Newspaper Excerpt: Bank Pays Dividend ... Checks for per cent of their claims have been delivered to depositors ... bringing to 58 per cent the amount repaid.
Source: newspapers

3. December 22, 1932 Receivership

Newspaper Excerpt: Checks for ... have been delivered to depositors of the Exchange Bank which closed 1930, bringing to 58 per cent the amount repaid. H. E. liquidating agent has paid depositors of the bank more than $50,000 this year
Source: newspapers

Newspaper Articles (1)

1. December 22, 1932 The Atlanta Journal Atlanta, GA

Article from The Atlanta Journal, December 22, 1932

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Article Text

Bank Pays Dividend CORDELE Dec. Checks for per cent of their claims have been delivered to depositors of the Exchange Bank which closed 1930, bringing to 58 per cent the amount repaid. H. E. liquidating agent. has paid depositors of the bank more than $50,000 this year