Bank of Macon - Macon, GA

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: November 27, 1928
Location: Macon, Georgia (32.841, -83.632)

Metadata

Model: gpt-5-mini
Short Digest: e684245a

Response Measures

Full suspension

Description

OCR text is garbled. Article (Daily Press, 1928-11-27) reports a run of withdrawals at the Bank of Macon and that the directors voted to close the bank and begin reorganization. No mention of reopening or receivership in the provided excerpt, so outcome is uncertain. I corrected obvious OCR errors in the snippet used.

Events (2)

1. November 27, 1928 Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals (a run) tied to the bank's need for reorganization; directors called a special meeting and decided to close.
Measures: Directors called a special meeting and decided to close the bank and take steps toward reorganization.
Newspaper Excerpt: Bank of Macon ... suspended operations after a run of withdrawals.
Source: newspapers

2. November 27, 1928 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors closed the bank following heavy withdrawals and moved to reorganize the institution; suspension appears voluntary to effect reorganization (no government action mentioned).
Newspaper Excerpt: MACON, GEORGIA, BANK SUSPENDS OPERATIONS ... after withdrawals. ... directors ... decided to close and reorganization.
Source: newspapers

Newspaper Articles (1)

1. November 27, 1928 Daily Press Newport News, VA

Article from Daily Press, November 27, 1928

Click image to open full size in new tab

Article Text

MACON, GEORGIA, BANK SUSPENDS OPERATIONS MACON, Nov. Bank of Macon, Fourth of the Georgia, its doors Central 11 after at of withdrawals. run president, said the had directors special to close the and decided reorganization of steps toward bank, which organized more than 20 years ago, of deposists of tal resources listed mately and at than Its more of the busiest stands which one of corners the cities in Georgia. largest