3063. Bank of Stapleton (Stapleton, GA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 1, 1926*
Location
Stapleton, Georgia (33.216, -82.468)

Metadata

Model
gpt-5-mini
Short Digest
95ee936b

Response Measures

None

Description

The Bank of Stapleton closed in the summer of 1926 as part of the Manley/Bankers' Trust chain collapse and re-opened within weeks; no article describes a depositor run specifically on this bank. Reopening is reported by Sept 14, 1926 and again noted Dec. 3, 1926 under new organization.

Events (2)
1. August 1, 1926* Suspension
Cause
Local Banks
Cause Details
Closed as part of the collapse of the Manley / Bankers' Trust chain of banks in summer 1926; suspension due to association with failed trust company/chain.
Newspaper Excerpt
closed with the failure of the Bankers' Trust Co. of Atlanta
Source
newspapers
2. September 14, 1926 Reopening
Newspaper Excerpt
Fifteen Georgia banks which were closed with the failure of the Bankers' Trust Co. of Atlanta, have re-opened as separate and independent institutions... The 15 banks that have already been reopened are: ... Bank of Stapleton.
Source
newspapers

Newspaper Articles (4)
1. September 14, 1926 Evening Star Washington, DC
Article from Evening Star, September 14, 1926

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Article Text

15 GEORGIA BANKS RESUME BUSINESS 12 Others to Reopen This Week as Independent Institutions, Official Says. By the Associated Press. ATLANTA. September 14.-Fifteen Georgia banks which were closed with the failure of the Bankers' Trust Co. of Atlanta, have re-opened as separate and independent institutions, and 12 others will be re-opened within the next week, State Banking Department officials here announced. The total resources of the reopened banks within the next week will be one-third of that of all the Georgia banks that closed this Summer, W. J. Davis. general agent for the State Banking Department. declared. The total resources of the closed banks. he pointed out. was $18,000,000. while that of the re-opened banks will be $6,000,000. The 15 banks that have already been reopened are: State Bank of Cochran. Bank of Hazelhurst. Bank of Stapleton. Rockmart Bank. Habershaw Bank of Clarkesville. Cornelia Bank. Demorest Branch of Cornelia Bank. Bank of Lulu. Merchants and Planters: Bank at Whigham. Exchange Bank at Sycamore, Bank of Adairsville. Farm ers and Merchants' Bank at Rebecca. Planters, Bank Pavo. Turner Coun tv Bank at Ashdown. and Lakewood Bank of Atlanta. The latter, while not a member of the Bankers' Trust Company chain. was forced to close on account of a run after the trust company's failure. Mr. Davis pointed out.

2. September 22, 1926 Imperial Valley Press El Centro, CA
Article from Imperial Valley Press, September 22, 1926

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Article Text

GOOD GEORGIA BANKS Three of the Georgia banks that suspended service when the Bankers Trust CO. of Atiana went into the hangs OI a receiver have opened their doors again, sound and ready IOr business. i ney are the Bank O Stapieton, the Tranters' bank of ravo and the ROCKmarc bank. 1 ney nave been declared in excellent conaction by state banking officiais. whetter one lives in Georgia, Maine, Washington, or parts in between, tms IS good news. Everytime a bank goes pau, Dig or little, in vitage or metropons, IL IS wau 10r the whose country in some degree. every Lime a Dank IS proved sound and strong, It IS good 101 everybouy. 1 ne nations business IS one vast stream. gaunefing strength irom every little brook, spreading were over snanows, rushing were with lorce through narrow deeps. every Dit affects every other bit.

3. December 3, 1926 The Macon News Macon, GA
Article from The Macon News, December 3, 1926

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Article Text

Two Jefferson Banks Reopen Special to The News LOUISVILLE Ga., Dec. 3-Of the four Jefferson county banks which were members of the Manley chain of banks and that were forced to close in the geneeral crash of the Manley system of banks in the recent summer, two of these banks in Jefferson county have re-opened for business and are now operating under a new organization The first of these banks to reopen is the Bank of Stapleton, which did not remain closed except for few weeks after closing. due to the fact of the relation It bore to the Manley system. The second bank in the county to reopen is the Bartow bank. which suspended in October. due to th same cause as that of the Stapleton bank. The bank at Bartow now is operating again after only a few weeks of being closed. It is und r. stood that the latter bank is headed by Lake B. Holt, of Sandersville Likewise the Bank of Stapleton is doing much to restore the busienss strength of that community.

4. December 4, 1926 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, December 4, 1926

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Article Text

TWO BANKS REOPEN IN JEFFERSON COUNTY Louisville. Ga., December (Special. the four Jefferson county banks which were members of the Manley chain of banks and that were forced to close last summer, two have reopened under new organizations. The first of banks to reopen was the Bank of Stapleton, and the the Bartow bank, which suspended in October