Faulkner County Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 29, 1930
Location: Conway, Arkansas (35.089, -92.442)

Metadata

Model: gpt-5-mini
Short Digest: e3c1e5c0

Response Measures

None

Description

Single article (Evening Star, 1930-11-30) reports the Faulkner County Bank & Trust Co. suspended on Nov 29, 1930 for five days. Suspension attributed to depreciated agricultural loans (crop failures) and withdrawals triggered by recent bank closings in the state. No explicit prior run on this specific bank is described; suspension is temporary with expectation of reorganization/reopening.

Events (1)

1. November 29, 1930 Suspension

Cause: Local Banks
Cause Details: Depreciated agricultural loans from crop failures and withdrawals following recent bank closings across the state prompted the suspension.
Newspaper Excerpt: The Faulkner County Bank & Trust Co. suspended today for a period of five days.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1930 Evening Star Washington, DC

Article from Evening Star, November 30, 1930

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Article Text

BANK SUSPENDS Arkansas Institution Is Expected to Be Reorganized. CONWAY, Ark., November 29 (P).The Faulkner County Bank & Trust Co. suspended today for a period of five days. Its statement of last June 30 showed resources of $1,097,022, with deposits of $673,920. Depreciated agricultural loans on account of crop failures and withdrawals following recent bank closings over the State were assigned as the reasons for the suspension. Efforts will be made to reorganize, bank officials said.