Farmers State Bank - Cordele, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 19, 1915
Location: Cordele, Georgia (31.964, -83.782)

Metadata

Model: gpt-5-mini
Short Digest: 76222364

Response Measures

None

Description

Articles state the directors decided to close the bank for purpose of liquidation and a receiver (B. H. Palmer) was appointed on March 19, 1915. No run is mentioned.

Events (2)

1. March 19, 1915 Receivership

Newspaper Excerpt: B. H. Palmer was appointed receiver and immediately took charge of the bank's affairs.
Source: newspapers

2. March 19, 1915 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors concluded to close the bank for the purpose of liquidation; assets $76,000 and liabilities less than $400,000.
Newspaper Excerpt: The Farmers' State bank of Cordele ... went into the hands of receiver yesterday morning, after the directors ... had concluded to close its doors for the purpose of liquidation.
Source: newspapers

Newspaper Articles (1)

1. March 20, 1915 The Brunswick News Brunswick, GA

Article from The Brunswick News, March 20, 1915

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Article Text

CORDELE BANK INSOLVENT. CORDELE, March 19.-The Farmers' State bank of Cordele, of which J. A. Wilson, of this city, is president, went into the hands of receiver yesterday morning, after the directors of the institution had concluded to close its doors for the purpose of liquidation. The assets are $76,000 and the liabilities less than $400,000. The bank is capitalized at $35,000. B. H. Palmer was appointed reciever and immediately took charge of the bank's affairs.