Bank of Millen - Millen, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1934*
Location: Millen, Georgia (32.804, -81.949)

Metadata

Model: gpt-5-mini
Short Digest: 75a74c05

Response Measures

None

Description

Article (Macon Telegraph, 1934-11-13) reports the Bank of Millen had been closed since March when a receiver was appointed and that a dividend payment was mailed in November. No mention of a depositor run; event appears to be a suspension leading to receivership and closure. OCR errors in article corrected (e.g., garbled sentences).

Events (3)

1. March 1, 1934* Receivership

Newspaper Excerpt: when receiver was appointed. through the receiver ... mailed direct for distribution through the receiver (dividend payment).
Source: newspapers

2. March 1, 1934* Suspension

Cause: Government Action
Cause Details: Bank closed and a receiver appointed in March (conservator/receiver involvement indicated).
Newspaper Excerpt: This bank has been closed since March when receiver was appointed.
Source: newspapers

3. November 13, 1934 Other

Newspaper Excerpt: Dividend Is Paid By Bank in Millen ... Checks cover this first payment mailed direct for distribution through the receiver (first dividend payment).
Source: newspapers

Newspaper Articles (1)

1. November 13, 1934 The Macon Telegraph Macon, GA

Article from The Macon Telegraph, November 13, 1934

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Article Text

Dividend Is Paid By Bank in Millen MILLEN. Ga., Nov. 50 per dividend the Bank Millen depositors Saturday, through loan made the Reconstruction Finance Cor. poration This bank has been closed since March conservator operuntil when ceiver was appointed. There are still some claims the which first but has that the number addianother come out of Washington Checks cover this first payment mailed direct for distribution through the receiver