Bank of DeVall's Bluff - De Valls Bluff, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 22, 1913
Location: De Valls Bluff, Arkansas (34.785, -91.458)

Metadata

Model: gpt-5-mini
Short Digest: db6a13ec

Response Measures

None

Description

Stockholders petitioned the court to place the bank in receivership and liquidate its affairs; article (1913-03-22) cites internal troubles among stockholders as cause. No run or prior suspension mentioned.

Events (1)

1. March 22, 1913 Receivership

Newspaper Excerpt: Through their attorneys ... the stockholders of the Bank of DeVall's Bluff yesterday placed that institution in the hands of a receiver. Judge J. M. Elliott ... appointed George Craig ... receiver. The stockholders petitioned the court to name the receiver, liquidate the affairs of the bank, pay off the depositors and all creditors and wind up its affairs.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1913 Pine Bluff Daily Graphic Pine Bluff, AR

Article from Pine Bluff Daily Graphic, March 22, 1913

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Article Text

JUDGE ELLIOTT NAMES A RECEIVER AFFAIRS OF THE BANK OF DEVALL'S BLUFF ARE BE WOUND UP AND DEPOSITORS PAID. Stockholders Asked for the Receivership-George Craig Named By the Court. Through their attorneys, J. H. Harrod, of Little Rock and Thweatt and Thweatt, of DeVall's Bluff, the stockholders of the Bank of DeVall's Bluff yesterday placed that institution in the hands of a receiver. Judge J. M. Elliott, in the Jefferson county court issued the receivership order and appointed George Craig, of DeVall's Bluff, county treasurer of Prairie county, receiver. The stockholders petitioned the court to name the receiver, liquidate the affairs of the bank, pay off the depositors and all creditors and wind up its fafairs. The receiver's bond was fixed at $25,000 which was approved. Internal troubles among the stockholders is to said to have broughi about the receivership. The swori. liabilities of the bank are placed at $25,000 with assets aggregating $50,000.