2975. Citizens Bank (Ocilla, GA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 22, 1914
Location
Ocilla, Georgia (31.594, -83.250)

Metadata

Model
gpt-5-mini
Short Digest
6fa3705e

Response Measures

None

Description

The bank was closed and a receiver appointed on petition of stockholders Oct 22, 1914 (voluntary liquidation/temporary receivership). It subsequently reopened Jan 16, 1915. No article describes a depositor run; this is a suspension followed by reopening.

Events (4)

1. October 22, 1914 Other
Newspaper Excerpt
The Citizen's bank of Ocilla, Ga., has been closed and a receiver appointed therefor, upon the voluntary petition of the stockhold- (Yorkville report).
Source
newspapers
2. October 22, 1914 Receivership
Newspaper Excerpt
D. R. Henderson was appointed temporary receiver. The assets of the bank far exceed its liabilities but collections have been slow, so that it was thought advisable to liquidate and protect the intereste of the depositors and creditors.
Source
newspapers
3. October 22, 1914 Suspension
Cause
Voluntary Liquidation
Cause Details
Placed in hands of a receiver on petition of stockholders; collections slow and liquidation/receivership considered advisable.
Newspaper Excerpt
The Citizens' bank, of Ocilla, was placed in the hands of a receiver today by Judge Walter F. George, of Irwin superior court, upon the petition of stockholders of the defunct bank.
Source
newspapers
4. January 16, 1915 Reopening
Newspaper Excerpt
Citizens Bank of Ocilla Is Opened for Business... The Citizens Bank of Ocilla opened its doors for business yesterday, after being closed by a temporary receiver since October 22...
Source
newspapers

Newspaper Articles (3)

Article from The Leader-Enterprise, October 23, 1914

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Article Text

Receiver Appointed For Bank At Ocilla Ocilla, Oct. 22. - The Citizens' bank, of Ocilla, was placed in the hands of a receiver today b y Judge Walter F. George, of Irwin superior court, upon the petition of stockholders of the defunct bank. D. R. Henderson was appointed temporary receiver. The assets of the bank far exceed its liabilities b ut collections have been slow, so that it was thought advisable to liquitade and protect the intereste of the depositors and creditors. The First National bank of Ocilla will probably take charge of the assets and wind up the affairs of the bank. The depositors will be paid in full.


Article from Yorkville Enquirer, October 27, 1914

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Article Text

riexon, instantly killed at Fircastle, Va., Thursday, by a fall of 2,000 feet from his balloon, on account of the failure of his parachute. Flexon was a feature at the county fair Two New York policemen, sent to Paris for a fugitive from justice, were arrested as spies in the latter city, last week. They were released when they showed their credentials. German newspapers are being sent to the mayors of various American cities, with the request that the papers be placed where Americans may have the opportunity of reading war news from the German point of view It is estimated that American stocks to the value of $1,000,000,000 are owned in Europe. A very large part of these stocks will probably be put on the American market as soon as the stock exchanges open for business again The United States senate on Friday, ratified peace commission treaties with Paraguay and Seneden, and a treaty with the republic of Panama, fixing the boundaries of the canal zone Westminster Abby in London has been insured for $750,000. against airship attacks. The Citizen's bank of Ocilla, Ga., has been closed and a receiver appointed therefor, upon the voluntary petition of the stockholdBaseball clubs of the Feders. eral league played to 1,600,000 persons during the past season, according to a statement recently issued by Jas. A. Gilmore, president of the league Two bandits and a Canadian immigration inspector were killed in a fight between five bandits and Canadian and American officers near Blaine, Washington, Friday. The bandits, who were supposedly Russians, had robbed a Washington bank of $20,000. One of the bandits killed. had $4,500 in gold in his belt. O. v. Allen, state treasurer of Idaho, last week plead guilty of embezzlement of state funds. He was sentenced to a term of from five to ten years in the Idaho state penitentiary Jack Levendowski, a pugilist, 19 years old, was killed by Jack Sundgren in a prize fight at Tolleston, Ind., last week A son was born to Queen Victoria of Spain, Saturday morning. The queen is the mother of six children W. B. McDougal, bank examiner for the Chicago clearing house association, has been elected governor of the Chicago district Federal reserve bank. The salary is $30,000 a year Thirteen persons were drowned in San Antonio, Tex., Friday. as a result of a five inch rainfall which caused several creeks in the southern section of the city to overflow. The property damage is estimated at $150,000 The war department has announced the cancellation of the aeroplane competittion the army signal corps planned to hold at San Diego, Cal., with the object of purchasing the three best machines shown Governor Goldsborough of Maryland, was operated on for appendicitis, Saturday. He is getting along nicely. The American Red Cross hospital ship which sailed from New York last month with American surgeons and nurses for relief work in Europe, has returned to the United States. A Paris report to the effect that Porfiro Diaz, ex-president of Mexico, is dead, has been denied Senator Norris. of Nebraska, believes that a whisky lobby has been active in Washington for several weeks past, and is demanding an investigation by the senate lobby committee. The Nebraska senator asserts that the representatives of the distillers have been trying to prevent a war tax on rectified spirits. The French parliament will probably be convened in Paris about the 1st of November, according The to advices from Bordeaux. pope of Rome is said to be using his utmost endeavors to bring about peace among the warring nations before Christmas. The new war revenue act became of force Thursday with the signature of President Wilson. Sections of the law will become effective November 1st, December 1st and December 31st. Taxes on banks of $1 for each $1,000 of capital and surplus, becomes effective on November 1st. A Swedish ship, the Alice, homeward bound. struck a floating mine in the North sea, Friday, and sank in three minutes. All of the crew were saved. American life insurance companies doing business in Europe, are refusing to insure the lives of persons who expect to take part in the fighting. German troops guarding the Pekin-Mukden railway in China, have been withdrawn. and are to be replaced by American troops from the Philippines. By an arrangement between New York bankers and Wall street brokers, it is probable that the New York Cotton Exchange will be reopened for business next Monday The steamboat Belle of Calhoun. was sunk in the Mississippi river near Alton, III., Friday. because of being overloaded with apples, having a cargo of 4,700 barrels. The 30 passengers on board were landed safely. Two carloads of horses were shipped from Fort Collins, Col., Friday, to France. Agents of the French government said the animals would be used for food. Eureka, Cal., a city of over 12,000 population, on the coast. has recently been connected with the outside world by its first railroad. The railroad is 106 miles long and cost $12,000,000. Eureka had the distinction of being the largest city in the United States without a railroad. Mrs. Jack Bayse, the wife of a wealthy merchant of Boswell, Okla., has been sentenced to life imprisonment for poisoning her stepCommercial organizations of son. Minnesota are planning to secure the emigration of large numbers of Belgians, now refugees in England and France. to that state Swift & Co., have opened a $150,000 plant in St. Louis, for the manufacture of ole-


Article from The Leader-Enterprise, January 18, 1915

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Article Text

Citizens Bank of Ocilla Is Opened for Business Ocilla, Ga., Jan. 16.-The Citizens Bank of Ocilla opened its doors for business yesterday, after being closed by a temporary receiver since October 22, with D.J, Henderson, Jr. president, D. R. Henderson, vice-president, and J. W. Mangham, of Sav annah, Ga., cashier, and the petition of the officers of the bank placing it in the hands of D. R. Henderson, temporary receiver, will be withdrawn. Time certificates were issued to the largest depositors for deposits subject to check, payable quarterly and the small depositors may draw on their deposits at pleasure. Everything now bids fair (for the success of this banking house. It has a paid in capital of $52,000, and has been in operation about eight years. The business men of the town feel elated over the agreeable turn of the affairs of this bank and much good will come out of it.