Bank of Dumas - Dumas, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 29, 1910
Location: Dumas, Arkansas (33.887, -91.492)

Metadata

Model: gpt-5-mini
Short Digest: 9a0ec13f

Response Measures

None

Description

Article (Pine Bluff Daily Graphic, 1910-04-30) describes the Bank of Dumas as defunct with a receiver and a settlement paying creditors 81%. No run is mentioned; the bank had failed and been in receivership and closed permanently prior to the settlement. Bank type inferred as state (no 'National' or 'Trust' in name).

Events (3)

1. April 29, 1910 Receivership

Newspaper Excerpt: Through a settlement, which was effected yesterday at Dumas... representing the creditors and receiver of the institution, the creditors received 81 per cent of the amounts due them by the bank.
Source: newspapers

2. April 30, 1910 Other

Newspaper Excerpt: The final settlement ends all of the legal troubles through which the officials of the old Bank of Dumas have passed in the past several months.
Source: newspapers

3. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had failed/was insolvent leading to receivership and permanent closing; creditors were owed about $21,000 prior to settlement.
Newspaper Excerpt: the defunct Bank of Dumas... the receiver of the institution
Source: newspapers

Newspaper Articles (1)

1. April 30, 1910 Pine Bluff Daily Graphic Pine Bluff, AR

Article from Pine Bluff Daily Graphic, April 30, 1910

Click image to open full size in new tab

Article Text

CREDITORS RECEIVE 81 PER CENT Settlement Reached in the Bank of Dumas Matter-President Coulter Complimented by Judge Wood. Through a settlement, which was effected yesterday at Dumas by Attor A. H. Rowell, representing H. L. Coulter, president of the defunct Bank of Dumas, and Attorneys Austin and Danaher, of this city, and Jack Bernhardt, of Dumas, representing the creditors and receiver of the institution, the creditors received 81 per cent of the amounts due them by the bank. Judge Wood, in the Desha chancery court, made an order in which it was stated that the settlement was in full. He took occasion to compliment President Coulter for his honest efforts to aid every creditor of the bank and for his straightforward conduct since the failure of the Dumas bank. The bank had already paid a dividend of 25 per cent, declared some time ago, but there was still due the creditors and depositors about $21,000. The mortgage on a piece of land purchased by the bank before the failure, was taken over by President Coulter, who paid $25,000 to the receiver. enough to pay all creditors and the attorney's fees, on the 81 cent basis. The final settl? per ment ends all of the legal troubles +nrough which the officials of the old Bank of Dumas have passed in the past several months.