362. State Bank (Grannis, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 15, 1911
Location
Grannis, Arkansas (34.241, -94.335)

Metadata

Model
gpt-5-mini
Short Digest
e670d7df

Response Measures

None

Description

Chancery court appointed a receiver for the State Bank of Grannis on July 15, 1911; multiple notices, sheriff's sales, and a dividend report indicate the bank was defunct and wound up under receivership. No article mentions a depositor run prior to suspension.

Events (4)
1. July 15, 1911 Receivership
Newspaper Excerpt
Given under my hand as such Receiver this 15th day of July, 1911. W. M. PIPKIN, Receiver.
Source
newspapers
2. July 15, 1911 Suspension
Cause Details
Chancery court appointed a receiver; articles do not state a run or specific cause for suspension.
Newspaper Excerpt
Notice is hereby given that by order of the Chancery Judge of Polk County, Arkansas, I have been appointed Receiver of the State Bank of Grannis, of Grannis Arkansas...
Source
newspapers
3. October 19, 1911 Other
Newspaper Excerpt
RECEIVER PIPKIN MAKES DIVIDEND Creditors of Defunct Bank of Grannis Have Been Paid 15 Per Cent-More to Come.
Source
newspapers
4. November 4, 1911 Other
Newspaper Excerpt
NOTICE OF SHERIFF'S SALE... I will offer for sale at the East Door of the Court House in Mena, Arkansas, on Wednesday, the 29th day of November, 1911... said property being sold by virtue of an attachment issued out of the Polk Circuit Court...
Source
newspapers

Newspaper Articles (10)
1. July 20, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, July 20, 1911

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Article Text

Receiver's Notice to Creditors. State Bank of Grannis. Notice is hereby given that by order of the Chancery Judge of Polk County, Arkansas, I have been appointed Receiver of the State Bank of Grannis, of Grannis Arkansas, and all creditors of said bank are hereby warned to file their demands against said bank with the Clerk of the Chancery Court of Polk County within ninety days from this date. Given under my hand as such Receiver this 15th day of July, 1911. W. M. PIPKIN, Receiver. 115-3 29-4

2. July 27, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, July 27, 1911

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Article Text

Receiver's Notice to Creditors. State Bank of Grannis. Notice is hereby given that by order of the Chancery Judge of Polk County, Arkansas, I have been appointed Receiver of the State Bank of Grannis, of Grannis Arkansas, and all creditors of said bank are hereby warned to file their demands against said bank with the Clerk of the Chancery Court of Polk County within ninety days from this date. Given under my hand as such Receiver this 15th day of July, 1911. W. M. PIPKIN, Receiver. 115-3 29-4

3. August 3, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, August 3, 1911

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Article Text

Receiver's Notice to Creditors. State Bank of Grannis. Notice is hereby given that by order of the Chancery Judge of Polk County, Arkansas, I have been appointed Receiver of the State Bank of Grannis, of Grannis Arkansas, and all creditors of said bank are hereby warned to file their demands against said bank with the Clerk of the Chancery Court of Polk County within ninety days from this date. Given under my hand as such Receiver this 15th day of July, 1911. W. M. PIPKIN, Receiver. 115-3 29-4 Duroe Stock-Fine registered Duroc pigs for sale. Star Farm, Mena, Ark. dwtf

4. August 10, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, August 10, 1911

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Article Text

Receiver's Notice to Creditors. State Bank of Grannis. Notice is hereby given that by order of the Chancery Judge of Polk County, Arkansas, I have been appointed Receiver of the State Bank of Grannis, of Grannis Arkansas, and all creditors of said bank are hereby warned to file their demands against said bank with the Clerk of the Chancery Court of Polk County within ninety days from this date. Given under my hand as such Receiver this 15th day of July, 1911. W. M. PIPKIN, Receiver. 115-3 29-4

5. August 17, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, August 17, 1911

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Article Text

CIVIL SUIT FILED AGAINSTJ.P.LOGAN Receiver and Depositors of Bank of Grannis Bring Action Against Him-Find and Levy on Large Tract of Land-Sue for $3,775. Elmer J. Lundy, as attorney for the depositors and for W. M. Pipkin, receiver of the State Bank of Grannis, brought suit last week in the name of the receiver against John P. Logan for $3,775.50, balance alleged to be due by Logan on stock subscriptions to the bank. Attachment was levied last week on personal property alleged to belong to John P. Logan, and on Friday a further atachment was levied on 410 acres of land which it is said Logan owns in this county. Eighty acres of land which Logan had previously attempted to convey to the bank was also levied on, as the deed did not describe this tract correctly, making the conveyance ineffectual. In a statement made by Logan, it is said that he claimed he had conveyed all his land to the bank, but Mr. Lundy reports that upon searching the records it was found that Logan had purchased 410 acres at a tax sale in 1909, and the period for redemption having expired, clerk's deed was' issued to him in June of this year for this land.

6. October 19, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, October 19, 1911

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Article Text

RECEIVER PIPKIN MAKES DIVIDEND Creditors of Defunct Bank of Grannis Have Been Paid 15 Per Cent-More to Come. Receiver W. M. Pipkin of the defunct State Bank of Grannis, of which John P. Logan was cashier, made a report last week to Chancellor James D. Shaver, and the court ordered that he declare a dividend of 15 per cent. Thursday Mr. Pipkin made out vouchers and mailed checks to the various creditors, amounting in all to $2,571.95, which is 15 per cent of the total indebtedness of $17,146.38. Mr. Pipkin stated that he believed that the creditors would yet receive about a 10 per cent dividend, which would give them 25 per cent of their claims.

7. November 16, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, November 16, 1911

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Article Text

NOTICE OF SHERIFF'S SALE. NOTICE is hereby given that in accordance with the judgment and order of the Polk Circuit Court, rendered at the October Term, 1911, in a suit wherein W. M. Pipkin, as Receiver of the State Bank of Grannis, was plaintim, and John P. Logan was defendant, that I will offer for sale at the East Door of the Court House in Mena, Arkansas, on Wednesday, the 29th day of November, 1911, the following described real estate, situated in Polk County, to-wit: The S½ of the NE%. Section 7, Township 6 South, Range 31 West: the NW 1/4 of the SE%, Section 5, Township 6 South, Range 32 West: the NE% of the SW 1/4 of Section 5, Township 6 South, Range 32 West: the fractional NEW of Section 5, Township 6 South, Range 32 West: the N½ of the NW½ of Section 26, Township 6 South, Range 32 West: the S½ of NE%. Section 7, Township 6 South, Range 32 West: the NW½ of the NE%. Section 7, Township 6 South, Range 32 West, and the 8½ of the SE1/4 of Section 35, Township 6 South, Range 32 West. said property being sold by virtue of an attachment issued out of the Polk Circuit Court against said property as the property of John P. Logan, to satisfy a debt of $3,775.00 and costs, and the costs of this sale, judgment having been rendered by said Polk Circuit Court in favor of said W. M. Pinkin as Receiver of the State Bank of Grannis against John P. Logan, and the said property ordered sold and the proceeds thereof applied to the payment of said judgment. Said sale will be on a credit of three months, and the purchaser will be required to give bond and security for the purchase money, and a lien will be retained on said land to secure the payment thereof. Witness my hand this the 4th day of November, 1911. J. A. THORNTON, Sheriff. Star-first pub. Nov. 9 Last pub. Nov. 23.

8. November 16, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, November 16, 1911

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Article Text

SHERIFF'S SALE. NOTICE is hereby given that pursuant to an order and judgment of the Polk Circuit Court, rendered at the October Term, 1911, in a cause therein pending between W. M. Pipkin, Receiver of the State Bank of Grannis, and John P. Logan, Defendant, I will offer for sale at Grannis, Arkansas, on the 28th day or November, 1911, two hundred and eighty (280) peach crates, said property having been attached as the property of John P. Logan, and said attachment having been sustained and judgment rendered against the said John P. Logan, the said 280 peach crates were ordered sold by the court, and the proceeds thereof applied on the judgment of $3,775.00 rendered by the court in favor of W. M. Pipkin, Receiver of the State Bank of Grannis. Said sale will be on a credit of thirty days, with approved personal security. Witness my hand as sheriff. this the 4th day of November, 1911. J. A. THORNTON, Sheriff. Star-first pub. Nov. 9 Last pub. Nov. 23

9. November 23, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, November 23, 1911

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Article Text

SHERIFF'S SALE. NOTICE is hereby given that pursuant to an order and judgment of the Polk Circuit Court, rendered at the October Term, 1911, in a cause therein pending between W. M. Pipkin, Receiver of the State Bank of Grannis, and John P. Logan, Defendant, I will offer for sale at Grannis, Arkansas, on the 28th day of November, 1911, two hundred and eighty (280) peach crates, said property having been attached as the property of John P. Logan, and said attachment having been sustained and judgment rendered against the said John P. Logan, the said 280 peach crates were ordered sold by the court, and the proceeds thereof applied on the Judgment of $3,775.00 rendered by the court in favor of W. M. Pipkin, Receiver of the State Bank of Grannis. Said sale will be on a credit of thirty days, with approved personal security. Witness my hand as sheriff, this the 4th day of November, 1911. J. A. THORNTON, Sheriff. Star-first pub. Nov. 9-Last pub. Nov. 23

10. November 23, 1911 The Mena Weekly Star Mena, AR
Article from The Mena Weekly Star, November 23, 1911

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Article Text

NOTICE OF SHERIFF'S SALE. NOTICE is hereby given that In a.ccordance with the judgment and order of the Polk Circuit Court, rendered at the October Term. 1911, in a suit wherein W. M. Pipkin, as Receiver of the State Bank of Grannis, was plaintime, and John P. Logan was defendant, that I will offer for sale at the East Door of the Court House in Mena, Arkansas, on Wednesday, the 29th day of November, 1911, the following described real estate, situated in Polk County. to-wit: The 8½ of the NEW, Section 7, Township 6 South, Range 31 West: the NW 1/4 of the SE 4, Section 5. Township 6 South, Range 32 West; the NE% of the SW% of Section 5, Township 6 South, Range 82 West: the fractional NE% of Section 5, Township 6 South, Range 32 West; the N½ of the NW½ of Section 26, Township 6 South, Range 32 West: the S½ of NE%, Section 7. Township 6 South, Range 32 West: the NW½ of the NEW, Section 7, Township 6 South, Range 32 West, and the 8½ of the SE% of Section 35, Township 6 South, Range 32 West, said property being sold by virtue of an attachment issued out of the Polk Circuit Court against said property as the property of John P. Logan, to satisfy a debt of $3,775.00 and costs, and the costs of this sale, judgment having been rendered by said Polk Circuit Court in favor of said W. M. Pipkin as Receiver of the State Bank of Grannis against John P. Logan, and the said property ordered sold and the proceeds thereof applied to the payment of said judgment. Said sale will be on a credit of three months, and the purchaser will be required to give bond and security for the purchase money, and a lien will be retained on said land to secure the payment thereof. Witness my hand this the 4th day of November, 1911. J. A. THORNTON, Sheriff. Star-first pub. Nov. 9 Last pub. Nov. 23.