2894. Peoples Bank (Hartwell, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 10, 1913
Location
Hartwell, Georgia (34.353, -82.932)

Metadata

Model
gpt-5-mini
Short Digest
8877e64e

Response Measures

None

Description

State Bank Examiner declared People's (Peoples) Bank of Hartwell insolvent; temporary receiver appointed and a successor depository (Bank of Hartwell) designated. No mention of a depositor run in the articles. Classified as suspension/closure (government action leading to receivership).

Events (3)
1. January 10, 1913 Receivership
Newspaper Excerpt
A. N. Alford ... appointed ... to be temporary receiver for the People's Bank of Hartwell, which has been declared insolvent by State Bank Examiner W. J. Speer. ... the receiver will within a short time be in position to pay the depositors every cent due them.
Source
newspapers
2. January 10, 1913 Suspension
Cause
Government Action
Cause Details
State Bank Examiner declared the bank insolvent after finding capital impaired more than 10%; unable to pay depositors about $2,000.
Newspaper Excerpt
A. N. Alford, of Hartwell, was Wednesday afternoon appointed ... to be temporary receiver for the People's Bank of Hartwell, which has been declared insolvent by State Bank Examiner W. J. Speer.
Source
newspapers
3. January 20, 1913 Other
Newspaper Excerpt
The Bank of Hartwell today was designated a state depository, to succeed the People's bank, of Hartwell, which is now in the hands of a receiver.
Source
newspapers

Newspaper Articles (5)
1. January 15, 1913 Keowee Courier Walhalla, Pickens, SC
Article from Keowee Courier, January 15, 1913

Click image to open full size in new tab

Article Text

Receiver for Hartwell Bank. (Atlanta Journal, 10th.) A. N. Alford, of Hartwell, was Wednesday afternoon appointed by Judge D. W. Meador, of Elberton, to be temporary receiver for the People's Bank of Hartwell, which has been declared insolvent by State Bank Examiner W. J. Speer. An investigation by the State Bank Examiner showed that the bank, which is capitalized at $32,100, owed its depositors about $2,000, which it is unable to pay at this time. Ascertaining that the capital stock of the bank had been impaired to an extent greater than 10 per cent, the bank examiner declared it insolvent. It is believed that the receiver will within a short time be in position to pay the depositors every cent due them.

2. January 20, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, January 20, 1913

Click image to open full size in new tab

Article Text

NEW STATE DEPOSITORY. The Bank of Hartwell today was designated a state depository, to succeed the People's bank, of Hartwell, which is now in' the hands of a receiver.

3. January 20, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, January 20, 1913

Click image to open full size in new tab

Article Text

NEW STATE DEPOSITORY. The Bank of Hartwell today was designated a state depository, to succeed the People's bank, of Hartwell, which is now in the hands of a receiver.

4. January 20, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, January 20, 1913

Click image to open full size in new tab

Article Text

NEW STATE DEPOSITORY. The Bank of Hartwell today was designated a state depository, to succeed the People's bank, of Hartwell, which is now in the hands of a receiver.

5. January 21, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, January 21, 1913

Click image to open full size in new tab

Article Text

NEW STATE DEPOSITORY. The Bank of Hartwell today was designated a state depository, to succeed the People's bank, of Hartwell, which is now in the hands of a receiver.