368. Clark County Bank (Gurdon, AR)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 19, 1930
Location
Gurdon, Arkansas (33.921, -93.154)

Metadata

Model
gpt-5-mini
Short Digest
09bfbfd8

Response Measures

None

Description

Clark County Bank (Gurdon, AR) suspended under the five-day bank suspension law on Dec 19, 1930 and reopened within the suspension period (reported reopened Dec 25, 1930). No run on the bank is described in the articles; other local banks suspended because of uneasiness following this suspension. Classified as suspension_reopening.

Events (2)
1. December 19, 1930 Suspension
Cause Details
Closed under the five-day bank suspension law; articles cite uneasiness/frozen assets and protective suspension but do not describe a specific run or rumor as the trigger.
Newspaper Excerpt
The Clark County Bank Gurdon... closed its doors today under the five-day bank suspension law.
Source
newspapers
2. December 25, 1930 Reopening
Newspaper Excerpt
state banks which recently closed were reopened today the state banking department announced. They are the Clark County Bank at Gurdon... The Gurdon bank suspended last week for five days and is one of the few... which reopened within the five-day suspension period.
Source
newspapers

Newspaper Articles (6)
1. December 19, 1930 The Evening Sun Baltimore, MD
Article from The Evening Sun, December 19, 1930

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Article Text

Business "Planted," Store Buyer STATES Two In N. Carolina, Three In Indiana, One In Y., Illinois, Virginia, Arkansas Elizabeth City, Dec. The Savings Bank and Trust Company failed to open its doors for business today. Future action will be governed the Board Bank Examinwas said. Williams president of the institution. Officials said the bank was solvent and gave frozen assets and gradual withdrawal of funds as the reason for closing. The bank, which is capitalized $100,000. has liabilities of $1,094,225 Loans amount $925,630 and borrowed money amounts to $193,750, State officials said. And One At Lenoir Lenoir. N. C., Dec. 19 First National Bank of Lenoir did not open for business today. The bank capitalized at $50,000 and its officers said it had deposit indebtedness of approximately 000 when it closed. One Closed In N. Y. State Dec. 19 Joseph Broderick, State Superintendent Banks, today announced that he has taken of the State Bank of Canastota result he said appears to be its unsound condition. "On the date of the last quarterly statement submitted by the bank to the banking department, September 1930. the figures reported as folcapital, $60,000: surplus and divided profits, $9,676: gross deposits, said Broderick. Virginia One Fails To Open Alta Vista. Dec. 19 Farmers and Merchants Bank of Alta Vista failed to open for business today. The bank capital stock of 000, surplus of $3,500 and deposits $105,661.52 in its last statement. Frank Hammer president of the stitution. An examiner has been sent here Bristow, Commissioner Insurance and Banking, to take over the bank's affairs. Three Close Indiana Indianapolis, Dec. Indiana banks failed open their doors today. the State Banking Department notified. They The American Trust and Savings $100,000: the Central State Bank of Whiting, capitalized and the State Bank of Brook, capitalized $55,000. The State Department issued statement regarding the closings. The Richmond bank had deposits the Whiting bank the State Bank of Brook, 000. Customers Who Bought Lavishly As Prospective Purchaser By Owner Another In Illinois Newark, Dec. Mount Vernon, III., Dec. 19 said William Schachat, prospec- Jefferson State Bank closed today tive buyer of delicatessen shop, protect depositors. It had deposits David Fishman said he took $741,000. week. Arkansas Bank Shuts Door "All right. Stick around and Little Ark., Dec. 19 next week." replied Fish your eyes The Clark County Bank Gurdon. deposits of closed watched customers spend doors today under the five-day bank grand total of $325. But suspension law. after he bought the store, he the first week's receipts only $100. Nevada Birds Top Market Court testified Reno, Nev., Dec. Chancery Fishman distributed money prices for the holiday market the that his friends to spend his were received by Nevada turkey among make the week' producers this year for the second consecutive season.

2. December 19, 1930 The Shreveport Journal Shreveport, LA
Article from The Shreveport Journal, December 19, 1930

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Article Text

TWO BANKS CLOSED. United Press ELIZABETH CITY C. Dec. 19. The Bank and Trust company of Elizabeth City failed to open today The capitalized at and had deposits of $685.765. United Press) LITTLE ROCK Dec 19 The Clark County Bank of Gurdon. deposits of closed its doors today taking of the five-day bank suspension law.

3. December 21, 1930 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, December 21, 1930

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Article Text

Local Bank Clearings -Other Quotations Saturday Same day last year Decrease $ Same day last week For week 46,916,086.03 Same week last year Decrease Previous week Products, Market Basis. meal com. rate 24.00@24.50 Atlanta. first clean mill run 011@ Suit Thrown Out. Circuit Judge Lafon Allen today threw out of court the $25,000,000 resuit for alleged and ince instituted against officers and directors of the Bancokentucky Company, Louisville Trust National Bank of Kentucky and Louisville National Bank & Trust had admitted a "discrepancy. Cashier had himself locked up in the Hattiesburg jail until the audit had been completed, although no charges have been filed against him. GOLDSBORO, N. BANKS FAIL TO OPEN GOLDSBORO, N. C., Dec. 20. Two Goldsboro banks. both under same management, failed to open today. Notices said the institutions been closed in the interests of depositors. The National Bank of Goldsboro listed deposits 30 and resources of $623,663.74 in its last state ment on September 24. The bank is capitalized at $100.000 and had sur of 46 on September 24. The Goldsboro Say tings Trust Company, an affiliated institution, had deposits $226, 413.53, resources 491 and surplus of $19,078. the same date. It is capitalized $41,000. Norwood is president of both Thomas H. Norwood and John Norwood, his sons, are cashiers National Bank of Goldsboro and Goldsboro vings & Trust Company, respectively RURAL HALL N. C., Dec. The Rural Hall Bank Trust Company did not open for business today. E. L. Kiser is president. O. M. Kiser is eashier and said the institution, capitalized at $10,000. had posits of approximately $57,000 and surplus of $3,800. ANOTHER BANK CLOSES IN ARKANSAS ARKADELPHIA, Ark., Dec. 20. The Merchants and Planters bank here suspended today for a fiveday period. James G. Clark was president of the local bank and of the Clark County bank Gurdon, which suspended yes terday for five days. Officers of the bank said suspension was decided upon because of uneasiness caused by the Gurdon bank suspension. The Merchants and Planters bank had deposits of bout $750,000, with capital and surplus of $90,000. SMALL ALABAMA BANK CLOSES DOORS MONTGOMERY, Ala., Dec. 20. (AP) Dent Green, state superintendof banks, announced today that the Bank of Camphill, at Camphill, had closed its doors today. Mr Green said closing of the bank was due to frozen assets, largely caused by poor crops and the extended drouth of last summer. The bank had $50,000 capital stock and $10,000 surplus. DEFUNCT BANK TO PAY DIVIDEND JACKSONVILLE, Fla., Dec. 20 presents, in the form a per cent are to be given all creditors of the defunct Brotherhood State bank here, who are entitled of to participate in the distribution its assets. Joseph M. Glickstein, receiver, said today the dividend. the second since the institution failed last would mailed to depositors next Tuesday in time for Christmas. GEORGIA BANKS NAMED IN REQUEST BY ASSOCIATED PRESS State Superintendent of Banks A. B. Mobley Saturday inced that department had been asked to take over the Union Banking Company of which also branches at Braxton and Nicholls, the County Bank at Lyons, the Citizens' Bank of Ray City, in Berrien The last bank call, Septembed 24, showed the Union Banking Company to have resources of capi of of surplus, $23,000, undivided profits, $94,108, and deposits, No bills were payable at that according to the call. The County Bank on September 24 had resources of 471.38, capital, surplus, $6,000, deposits, $163,000 and bills $20,000. pay September 24 call shows the The Citizens' of Ray as ing of capital, and no bills Inspectors will placed in of the banks, Mr

4. December 22, 1930 Paragould Soliphone Paragould, AR
Article from Paragould Soliphone, December 22, 1930

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Article Text

Arkadelphia Bank Business Suspends The Uneasiness Following Suspension of Clark County Bank at Gurdon is Cause Dec. The MerArkadelphia, chants and Planters bank today for five days due pended caused by the easiness, officials the Clark County bank suspension Gurdon yesterday Clark of Arkadelphia James president both institutions The the Arkadelphia deposits bank are about

5. December 25, 1930 The Commercial Appeal Memphis, TN
Article from The Commercial Appeal, December 25, 1930

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Article Text

GRENADA BANKS PAY $35,000 IN DIVIDENDS Declare 14 Per Cent On Stock During Year. Miss., Dec. capitalization of the Grenada banking carrying in towns besides the main bank at Grenada, just paid seven cent dividends to a total of 14 per cent. $35,000, paid out in dividends to these stockholders dur ing the year. The branch banks are in AckerBelzoni, Calhoun EupoLouisville, Shaw and Summer. The Grenada system. of which Thomas of this is president, paid seven per cent to its in ran to A similar amount paid early in materially aided in swelling sales volume the territory involved. find everywhere that buying is the Mr. Thomas. our territory farmers are enthusiastically for the crop rearranging their planting system to prevent any recurrence of failure that usually attributed to a worst of the unemployment evidently is over and we are hopeful that the volume of trading be increased at an early date.' LITTLE ROCK. Ark., Dec. state banks which recently closed were reopened today the state banking department announced. They are the Clark County Bank at Gurdon and the Citizens Bank. formerly the Arkansas State Bank, Carlisle. The Gurdon bank suspended last week for five days and is one of the few of the many closed in the last few weeks which reopened within the five-day suspension period. The closing of the Gurdon bank was followed the next day by the suspension of the Merchants and Planters Bank at Arkadelphia, in the same county. whose president. James G. Clark, also is president of the Gurdon bank. After meeting demands thro gh the day the Bank of Ethel in Attala County, was forced to close its doors last night as protective step in behalf of depositors Love, state superintendent of announced small on the bank developed from the closing yesterday of Bank of was reported to the The Bank of was capital ized with surplus of Total deposits were estimated to be $150,000. LITTLE ROCK. Ark., Dec. Little Rock North Little Rock and several concerns paid bonuses to employes day. Some of the banks paid $20 to with blaze was discovered Its occu- were in Dyersburg at the time of one year or more service and $10 to those with less pants, Mr. and Mrs. Willie Allen, the fire. time. One North Little Rock bank gave all of its employes $25, and another $10 each. One concern gave each of women employes a fur choker and each man signet ring. MRS. PARHAM, 71, BURIED. UNION CITY, Tenn., Dec. Mrs. Caroline Parham, 71. died at the home of her Mrs. John Robinson, of Harris community. services were held yesterafternoon at the Primitive Bap. tist Church, conducted by the Rev. Stallings, of Greenfield, followed by interment in East View Cemetery Surviving Mrs. Parham are her Mrs. Robinson with she has made her home for the past 11 years; daughter. Mrs. John Gwynn, of Paragould, Ark. nephew, H. F. Jones, of this city: other nieces and nephews and seven grandchildren. Two other children died in infancy She was member of the Primitive Baptist Church. RESIDENCE DETROYED. Fire destroyed large country residence on the Bernard Tarrant es. tate, few miles north of burg. The large two-story built of fine yellow popular timber lumber throughout. practically destroyed before the

6. January 31, 1931 Hope Star Hope, AR
Article from Hope Star, January 31, 1931

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Article Text

Small-Sized Panic First National Stops Run-Merchants & Planters Closed for Liquidation Bank crowded the streets front of the First National Bank Saturday morning but were apparently convinced the institution was able to pay off. despite the closing of one the two Berg Brothers' banks. the Merchants here Friday. The & Planters suspended at 9:15 Friday morning. Leo Berg president the Merchants Planters. brother. Henry Berg. is president the First National. An extra edition the Camden News 4:30 Saturday morning carried the pledges of other banks in Arkansas and New York City to stand behind First National. and the statement that the personal fortunes of the Berg brothers would also guarantee the bank. It announced that the Merchants & Planters would probably be placed in liquidation. The bank had undergon heavy run for the last week. The cashier. Hildebrandt, was reported to have resigned 10 days The bank was capitalized nt $100,000. with deposits of $819,000. There were three banks in Camden. The other Berg institution. the First National. and smoller Citizens Bank & Trust Co., new institution organized year ago, show strong statements. It was regarded as unlikely that depositors would lose anything in the closed Merchants & Planters, but also probable that the Camden banking field will be permanently redueed to two institutions. the First National and the Citizens. Arkadelphia Bank Re-Opens Merchants Planters Bank of Arkadelphia which suspended payment in December, reopened for business Saturday morning. James G. Clark, former president. remains on the board. but the new president is Roy R. Golden. Mr. Clark. who was also president of the Clark County Bank at Gurdon, which closed the day before the Arkadelphia bank. reopened the Gurdon institution the same month in which it closed. Both banks are operating under gradual withdrawal agreement signed by depositors.