Citizens & Screven County Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 16, 1915
Location: Sylvania, Georgia (32.750, -81.637)

Metadata

Model: gpt-5-mini
Short Digest: 2ccc3be2

Response Measures

None

Description

Single article (Nov 16, 1915) reports the Citizens and Screven County Bank, a state institution, 'suspended business today' and said suspension was 'only temporary.' Affairs were placed in the hands of state authorities and depositors were to be paid in full. No run is reported and no subsequent closure or receivership is mentioned in the provided text; I classify this as a suspension with intent/expectation to resume (suspension_reopening).

Events (1)

1. November 16, 1915 Suspension

Cause: Government Action
Cause Details: Affairs placed in hands of state authorities; suspension blamed on 'stringency of the times' and handled by state officials; orderly temporary suspension announced to pay depositors in full.
Newspaper Excerpt: Sylvania, Ga., November 16.-The Citizens and Screven County bank, a state institution here, with a capital of approximately $60,000, suspended business today.
Source: newspapers

Newspaper Articles (1)

1. November 17, 1915 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, November 17, 1915

Click image to open full size in new tab

Article Text

Washington, November 16.-The Russian embassy issued a statement tonight declaring that neither the embassy nor any of its officials was connected with the purchasing of supplies in the United States for the Russian government. Denver, November 6.-The annual report of the Colorado and Southern Railroad company for the fiscal year ending June 30 last, made public today, shows an increase in net earnings of $602,932 over the previous year and an increase in gross earnings of $867,778. The company operates 1968 miles of railroad in Colorado, Wyoming, New Mexico and Texas. Washington, November 16.-Russia has lifted its embargo on the exportation of furs, which has held up shipments valued at millions of dollars consigned to the United States, according to a dispatch from Commercial Attache Baker at Petrograd, made public today by the department of commerce. Bristol, S. D., November 16.-A shortage that may reach $100,000 is said to have been found in the accounts of the First National Bank of Bristol. The bank was placed in the hands of a bank examiner yesterday. Torgus Strandness, cashier, left here two weeks ago and has not been located. Sylvania, Ga., November 16.-The Citizens and Screven County bank, a state institution here, with a capital of approximately $60,000, suspended business today. A notice signed by the directors said that the suspension was caused by the "stringency of the times," and that it would be only temporary. All depositors, it added, will be paid in full. There was no further statement of its condition. Its affairs have been placed in the hands of state authorities. W. J. Walker is president of the bank. El Paso, Tex:, November 16.-The Liberty Bell, on its return journey to Philadelphia from the Panama-Pacific exposition at San Francisco, arrived here today from Deming, N. M.; and departed for Marfa, Tex. New York, November 16.-It was learned today that some six or eight London banks will participate in the new commercial credits ,merican bankers purpose to extend to British financial interests. The minimum of these operations already has been fixed at $50,000,000, but that sum may be expanded to $300,000,000. Cables that have recently passed between here and London and the strength of sterling exchange indicate that negotia-