Bank of Lyerly - Lyerly, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 19, 1926
Location: Lyerly, Georgia (34.404, -85.403)

Metadata

Model: gpt-5-mini
Short Digest: 546c8abd

Response Measures

None

Description

Article (Jul 19, 1926) lists Bank of Lyerly among Georgia banks added to receivers and shows its resources and liabilities. No run or depositor withdrawals described; bank appears to have been closed and placed in receivership by state examiners.

Events (2)

1. July 19, 1926 Receivership

Newspaper Excerpt: Bank of Lyerly resources $15,000, liabilities $236,670; ... those in the hands of receivers in Georgia, to which 15 were added Thursday and four more Friday morning, according to the state bank examiners.
Source: newspapers

2. July 19, 1926 Suspension

Cause: Government Action
Cause Details: Placed in hands of receivers by state bank examiners as part of broad Georgia bank closures; suspension/closing by regulatory action.
Newspaper Excerpt: Four in Florida Shut; Checks Refused ... and four more Friday morning, according to the state bank examiners.
Source: newspapers

Newspaper Articles (1)

1. July 21, 1926 The Daily Worker New York, Chicago, NY

Article from The Daily Worker, July 21, 1926

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Article Text

# MORE BANKS IN GEORGIA CLOSE IN BIG CRASH Four in Florida Shut; Checks Refused ATLANTA, Ga., July 19. — Four Florida banks have closed their doors in addition to the long list of those in the hands of receivers in Georgia, to which 15 were added Thursday and four more Friday morning, according to the state bank examiners. An amazing state of affairs is disclosed by the listing of the banks' total resources and liabilities, illustrating the unsoundness of their financial dealings. Those made public Thursday are as follows: Taylor County Bank, resources $15,000, liabilities $224,679; Bank of Lyerly resources $15,000, liabilities $236,670; Bank of Cusetta, resources $15,000, liabilities $174,236; Rock Mart Bank, $30,000 and $412,989; Bank of Smyrna, $16,300 and $204,179, and a long list of others with similar small resources and immense liabilities. WASHINGTON, D. C., July 19. — Only by intercession of J. W. McIntosh, comptroller of the currency, have the eastern financial corporations of the big bankers agreed to take checks on Florida banks. They have previously been using stickers attached to their correspondence stating "We do not accept Florida checks."