Bank of Hahira - Hahira, GA

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: October 22, 1928
Location: Hahira, Georgia (30.991, -83.373)

Metadata

Model: gpt-5-mini
Short Digest: 16fb5ddc

Response Measures

Full suspension

Other: OCR corrected 'Habira' to 'Hahira'; article describes temporary protective closing after a two-day run; reopening planned within a few days.

Description

Article (Valdosta Daily Times, 1928-10-23) reports a two-day run on the Bank of Hahira leading officers to close the bank temporarily to protect depositors on Oct 23, 1928. Officers stated the bank was solvent and would reopen within a few days. No specific cause for the run is given in the text.

Events (3)

1. October 22, 1928 Run

Cause Details: Two-day withdrawal run; article does not specify a triggering rumor or bank-specific failure.
Measures: Bank officers closed the bank temporarily to protect depositors and stockholders.
Newspaper Excerpt: after the bank had withstood run of two days.
Source: newspapers

2. October 23, 1928 Suspension

Cause Details: Temporary closure described as a protective measure following a two-day run; bank officials called the closing 'purely protective policy.'
Newspaper Excerpt: Bank of Hahira closed doors today temporarily to protect depositors and stockholders
Source: newspapers

3. * Reopening

Newspaper Excerpt: W H McKennon ... stated today that the bank would reopen within few days, as it was solvent and in excellent financial condition.
Source: newspapers

Newspaper Articles (1)

1. October 23, 1928 The Valdosta Daily Times Valdosta, GA

Article from The Valdosta Daily Times, October 23, 1928

Click image to open full size in new tab

Article Text

Bank of Hahira Closes to Guard Depositors Today The Bank of Habira closed doors today temporarily to protect depositors and stockholders, followof two days upon the ing run The officers of the bank followed the closing mated Adel few miles north of the of The officers of the Bank of W H. Overstreet, president. H. McKennon, vice president and 0. Beatty, cashier, are well known throughout South The bank was one servative in the section, and financlal interests in Valdosta declared that It was thoroughly solvent. The closing of the doors was regarded 08 purely protective policy, after the bank had withstood run of two days. W H McKennon, vice president of the Bank of Hahira, stated today that the bank would reopen within few days, as it was solvent and in excellent financial condition. He described the closing as purely protective measure.