Lithonia Banking Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 19, 1922
Location: Lithonia, Georgia (33.712, -84.105)

Metadata

Model: gpt-5-mini
Short Digest: c80be378

Response Measures

None

Description

Article (Jan 19, 1922) reports the state banking department closed the Lithonia Banking Company after the cashier A. E. Lanahan disappeared and an alleged shortage (~$15,000) was discovered. No run is mentioned; closure was by government action and appears permanent (examiner working, legal action).

Events (1)

1. January 19, 1922 Suspension

Cause: Government Action
Cause Details: State banking department closed the bank after disappearance of cashier and alleged $15,000 shortage in accounts; examiner from state department reviewing books.
Newspaper Excerpt: The Lithonia Banking Company has been closed by a representative of the State banking department, following the disappearance of A. E. Lanahan, cashier, who is alleged to have discrepencies in his accounts aggregating approximately $15,000.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1922 The Fitzgerald Leader Enterprise and Press Fitzgerald, GA

Article from The Fitzgerald Leader Enterprise and Press, January 19, 1922

Click image to open full size in new tab

Article Text

Cashier Missing; Bank Is Closed Shortage of Approximately $15,000 Is Charged to A. E. Lannahan LITHONIA, Ga.,-The Lithonia Banking Company has been closed by a representative of the State banking department, following the disappearance of A. E. Lanahan, cashier, who is alleged to have discrepencies in his accounts aggregating approximately $15,000. Lanahan has been speculating in stocks recently, it is alleged. Efforts were made by officials Monday to obtain posession of $1,300, which was placed to Lanahan's credit with a New York stock brokerage company. Telegrams were sent to the New York company asking them to refuse payment of this money, as legal proceedings would be instituted for its recovery by the attorney general, representing the state banking department. It was alleged that Lanahan operated in the stock market under the name of John Parnell. Efforts were also made by officials to obtain posession of an automobile owned by Lanahan, but when they went to the garage where it had been stored it was missing. An examiner from the state banking department has been working on the books of the missing cashier several days. It is estimated that the alleged shortage will amount to about $15,000 although it may run more than this when the examiner finishes his work.