Peoples Bank - Blytheville, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1927
Location: Blytheville, Arkansas (35.927, -89.919)

Metadata

Model: gpt-5-mini
Short Digest: e6e90396

Response Measures

None

Description

Article (Jan 20, 1927) reports Peoples Bank of Blytheville failed to open and was placed in hands of the state bank examiner. Frozen loans is given as the cause for failure to open. No reopening is reported; examiner placement implies official suspension and likely closure.

Events (1)

1. January 20, 1927 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed to open due to 'frozen loans'; placed in hands of state bank examiner.
Newspaper Excerpt: The Peoples Bank of Blytheville, capitalized at $25,000, was placed in the hands of the state bank examiner today. 'Frozen loans' was given as the cause for the failure of the bank to open its doors this morning.
Source: newspapers

Newspaper Articles (1)

1. January 21, 1927 The Springfield News-Leader Springfield, MO

Article from The Springfield News-Leader, January 21, 1927

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Article Text

BLYTHEVILLE, ARK., BANK IS SUSPENDED BY STATE BLYTHEVILLE, Ark., Jan. 20.(P)-The Peoples Bank of Blytheville, capitalized at $25,000, was placed in the hands of the state bank examiner today. "Frozen loans" was given as the cause for the failure of the bank to open its doors this morning. Fay Mott, cashier. said an effort would be made to reorganize the institution.