Bank of Centerton - Centerton, AR

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 1, 1930*
Location: Centerton, Arkansas (36.360, -94.285)

Metadata

Model: gpt-5-mini
Short Digest: 1446f00b

Response Measures

None

Description

Articles report the institution had suspended the previous month and that the State Banking Department announced its re-opening on 1930-12-14. No mention of a depositor run or cause for the suspension is given in the excerpts; because the State Banking Department is involved, I classify the suspension cause as government_action (state oversight/closure).

Events (2)

1. November 1, 1930* Suspension

Cause: Government Action
Cause Details: Article states the institution suspended last month; no specific reason given. Suspension appears connected to state banking oversight (State Banking Department later announces reopening).
Newspaper Excerpt: The Institution suspended last month.
Source: newspapers

2. December 14, 1930 Reopening

Newspaper Excerpt: Re-opening of the Bank of Centerton at Centerton, Ark. was announced to-day by the State Banking Department
Source: newspapers

Newspaper Articles (2)

1. December 14, 1930 Daily Press Newport News, VA

Article from Daily Press, December 14, 1930

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Article Text

five years at least, and compared with 95.9 on last Saturday. While gilt edged bonds ignored fundamental conditions favorable to stable prices, United States governments were uniformly higher. Banks have been switching from domestic corporate Issues to treasury notes and Liberty bonds, which can be quickly liquidated. With few notable exceptions foreign bonds were under pressure. Cologne City 6½ dipped 11½ points on few sales and rome City 6½8 reached a new year's low at 70% Fractional advances in German gov ernments were offset by drops in over in Latin Americans was moder- ate with the price trend mixed. Chilean governments rallied 1 to : points Brazilians were generally lower. The New York fiscal agents for the Sao Paulo 7 per cent coffee realiza tion loan, issued last May, announced that since July the government has liquidated the stipulated monthly amounts of government and planters' coffee and that payments to the sink ing fund have been regularly made BANK RE-OPENS Re-opening of the Bank of Centerton at Centerton, Ark. was announced to. day by the State Banking Department The Institution suspended last month.

2. January 7, 1931 The Creston Statesman Creston, NE

Article from The Creston Statesman, January 7, 1931

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Article Text

five years at least, and compared with 95.9 on last Saturday. While gilt edged bonds ignored fundamental conditions favorable to stable prices, United States governments were uniformly higher. Banks have been switching from domestic corporate Issues to treasury notes and Liberty bonds, which can be quickly liquidated. With few notable exceptions foreign bonds were under pressure. Cologne City 6½ dipped 11½ points on few sales and rome City 6½8 reached a new year's low at 70% Fractional advances in German gov ernments were offset by drops in over in Latin Americans was moder- ate with the price trend mixed. Chilean governments rallied 1 to : points Brazilians were generally lower. The New York fiscal agents for the Sao Paulo 7 per cent coffee realiza tion loan, issued last May, announced that since July the government has liquidated the stipulated monthly amounts of government and planters' coffee and that payments to the sink ing fund have been regularly made BANK RE-OPENS Re-opening of the Bank of Centerton at Centerton, Ark. was announced to. day by the State Banking Department The Institution suspended last month.