Bank of Hazlehurst - Hazlehurst, GA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 1, 1926*
Location: Hazlehurst, Georgia (31.864, -82.599)

Metadata

Model: gpt-5-mini
Short Digest: 13c680fa

Response Measures

None

Description

State Bank of Cochran was one of 15 Georgia banks that had closed earlier in the summer following the failure of the Bankers' Trust Co. of Atlanta and had reopened by Sept 14, 1926. The closure appears to be caused by the failure of a correspondent/chain bank rather than a depositor run specific to Cochran.

Events (2)

1. August 1, 1926* Suspension

Cause: Correspondent
Cause Details: Closed earlier in the summer after the failure of the Bankers' Trust Co. of Atlanta (chain/correspondent failure).
Newspaper Excerpt: closed with the failure of the Bankers' Trust Co. of Atlanta
Source: newspapers

2. September 14, 1926 Reopening

Newspaper Excerpt: Fifteen Georgia banks which were closed with the failure of the Bankers' Trust Co. of Atlanta, have re-opened as separate and independent institutions ... The 15 banks that have already been reopened are: State Bank of Cochran ... (Evening Star, Sept. 14, 1926).
Source: newspapers

Newspaper Articles (1)

1. September 14, 1926 Evening Star Washington, DC

Article from Evening Star, September 14, 1926

Click image to open full size in new tab

Article Text

15 GEORGIA BANKS RESUME BUSINESS 12 Others to Reopen This Week as Independent Institutions, Official Says. By the Associated Press. ATLANTA. September 14.-Fifteen Georgia banks which were closed with the failure of the Bankers' Trust Co. of Atlanta, have re-opened as separate and independent institutions, and 12 others will be re-opened within the next week, State Banking Department officials here announced. The total resources of the reopened banks within the next week will be one-third of that of all the Georgia banks that closed this Summer, W. J. Davis. general agent for the State Banking Department. declared. The total resources of the closed banks. he pointed out. was $18,000,000. while that of the re-opened banks will be $6,000,000. The 15 banks that have already been reopened are: State Bank of Cochran. Bank of Hazelhurst. Bank of Stapleton. Rockmart Bank. Habershaw Bank of Clarkesville. Cornelia Bank. Demorest Branch of Cornelia Bank. Bank of Lulu. Merchants and Planters: Bank at Whigham. Exchange Bank at Sycamore, Bank of Adairsville. Farm ers and Merchants' Bank at Rebecca. Planters, Bank Pavo. Turner Coun tv Bank at Ashdown. and Lakewood Bank of Atlanta. The latter, while not a member of the Bankers' Trust Company chain. was forced to close on account of a run after the trust company's failure. Mr. Davis pointed out.