Bank of Doerun - Doerun, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1926*
Location: Doerun, Georgia (31.320, -83.917)

Metadata

Model: gpt-5-mini
Short Digest: 55334723

Response Measures

None

Description

Articles report the Bank of Doerun had suspended business several weeks prior to Dec 13–14, 1926 because of frozen farm-paper assets. A separate institution, the Farmers' Bank of Doerun, experienced a run and closed Dec 10, 1926 and was planning to reopen. There is no mention of the Bank of Doerun reopening, so I classify the Bank of Doerun as suspended and likely closed; this is somewhat uncertain because permanence is not explicitly stated.

Events (2)

1. November 1, 1926* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension grew out of frozen assets in the form of farm paper (illiquid/unsound agricultural loans).
Newspaper Excerpt: the Bank of Doerun, the only other financial institution there, having suspended business several weeks
Source: newspapers

2. December 10, 1926 Other

Newspaper Excerpt: There was run on the bank... about half of the money subject to check withdrawn within period of few [weeks]. Farmers' bank, of Doerun, which closed its doors last Friday, ...plans to reopen in Doerun (Dec. 14 report).
Source: newspapers

Newspaper Articles (2)

1. December 13, 1926 The Macon News Macon, GA

Article from The Macon News, December 13, 1926

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Article Text

was stated that the affairs of the bank were in good shape that would have been possible for it to have continued operate its customers had not lost confidence and started withdrawing deposits. There was run on the bank. the generally accepted meaning the word. but about half of the money subject to check withdrawn within period of few Doerun is now without'a bank. the Bank of Doerun. the only other nancial institution there, having suspended business several weeks Its grew out of fro. assets in the form of farm paper, The British treasury recently $1540 of Scottish ings for which no owner could be

2. December 14, 1926 The Atlanta Journal Atlanta, GA

Article from The Atlanta Journal, December 14, 1926

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Article Text

Farmers' Bank Plans To Reopen in Doerun MOULTRIE, Ga., Dec. 14.-An of fort to recognize the Farmers' bank, of Doerun, near here, which closed its doors last Friday, to be made just cording word received here. was stated that the affairs of bank were in good shape and that would been possible for to have continued to operate "if its customers not confidence" and deposits. on the bank in accepted of the word, but about half the check withdrawn within a period of few weeks. Doerun is now without bank, the Bank of Doerun, the only other fiinstitution there, having sus. pended business weeks ago. Its grew out of frozen assets in the form of farm paper.