Planters Bank - Parrott, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 23, 1925
Location: Parrott, Georgia (31.893, -84.513)

Metadata

Model: gpt-5-mini
Short Digest: 42c250ce

Response Measures

None

Description

Article (The Dawson News, 1925-06-23) states the Planters Bank of Parrott will liquidate voluntarily at request of its late founder; depositors notified to withdraw and creditors to present claims. No run or suspension for rescue is mentioned — this is a voluntary closure/liquidation.

Events (1)

1. June 23, 1925 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank officials announced voluntary liquidation and requested depositors withdraw and creditors present claims; action taken in compliance with request of founder J. W. Tilley.
Newspaper Excerpt: The Planters Bank of Parrott, through its president, Marvin D. Pierce, gives notice ... that it will liquidate, and depositors are notified to withdraw their deposits and creditors are requested to present their claims for payment.
Source: newspapers

Newspaper Articles (1)

1. June 23, 1925 The Dawson News Dawson, GA

Article from The Dawson News, June 23, 1925

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Article Text

The Planters. Bank of Parrott Will Liquidate Depositors and Creditors Are Notified To Call for Settlement. The Planters Bank of Parrott, through its president, Marvin D. Pierce, gives notice elsewhere in The News that it will liquidate, and depositors are notified to withdraw their deposits and creditors are requested to present their claims for payment. This action on the part of the bank officials is voluntary, and is in compliance with a request of its founder, the late J. W. Tilley. The Planters bank was established in 1912, and has been unusually successful. It has enjoyed the distinction of having the largest deposits of any bank in Terrell county, and has contributed very materially to the progress and development of Parrott and surrounding section. With the closing of the bank southwest Georgia will lose one of its best and most successful financial institutions.