Saline County Bank (Benton, AR)

Episode Information

Episode UID
2856465791305
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
285646579 hash
Start Date
September 3, 1908
Location
Benton, Arkansas (34.565, -92.587)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
14f4fafa33f5a716

Response Measures

None

Description

Receiver appointed to wind up affairs after death of principal owner; bank solvent and depositors to be paid.

Events (1)
1. September 3, 1908 Receivership
Newspaper Excerpt
The Saline County Bank... went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entirely solvent and the procedure was taken to close up its affairs.
Source
newspapers

Newspaper Articles (5)
1. September 10, 1908 The Monticellonian Monticello, AR
Article from The Monticellonian, September 10, 1908

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Article Text

Bank in Receiver's Hands. The Saline County Bank at Benton, at the request of W. R. Dunham, attorney for the institution, and John Steele, cashier, Thursday went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entirely solvent and the procedure was taken to close up its affairs. It was practically owned by the late John L. Hughes and since his death it has been decided to wind up its affairs. Every depositor will be paid in full.

2. September 10, 1908 The Log Cabin Democrat Conway, AR
Article from The Log Cabin Democrat, September 10, 1908

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Article Text

Bank in Receiver's Hands. The Saline County Bank at Benton, at the request of W. R. Dunham. atterney for the institution, and John Steele, cashier, Thursday went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entirely solvent and the procedure was taken to close up its affairs. It was practically owned by the late John L. Hughes and since his death it has been decided to wind up its affairs, Every depositor will be paid in full.

3. September 10, 1908 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, September 10, 1908

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Article Text

BANK IN RECEIVER'S HANDS. Affairs of Saline County Bank Will Be Wound Up-Institution Solvent. Benton, Sept. 3.-The Saline County Bank, at the request of W. R. Dunham, attorney for the institution, and John Stille, cashier, today went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entirely solvent and the procedure was taken to close up its affairs. Tt was practically owned by the late John L. Hughes and since his death it has been decided to wind up its affairs. Every depositor will be paid in full.

4. September 10, 1908 The Nevada County Picayune Prescott, AR
Article from The Nevada County Picayune, September 10, 1908

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Article Text

Bank in Receiver's Hands. The Saline County Bank at Benton, at the request of W. R. Dunham, attorney for the institution, and John Steele, cashier, Thursday went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entire. ly solvent and the procedure was taken to close up its affairs. It was practically owned by the late John L. Hughes and since his death it has been decided to wind up its affairs. Every depositor will he paid in full

5. September 11, 1908 The Green Forest Tribune Green Forest, AR
Article from The Green Forest Tribune, September 11, 1908

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Article Text

Bank in Receiver's Hands. The Saline County Bank at Benton, at the request of W. R. Dunham, atterney for the institution, and John Steele, cashier, Thursday went into the hands of a receiver. M. F. Scott was appointed receiver and made bond for $75,000. The bank is entirely solvent and the procedure was taken to close up its affairs. It was practically owned by the late John L. Hughes and since his death it has been decided to wind up its affairs. Every depositor will be paid in full.