Harrisburg State Bank - Harrisburg, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 7, 1927
Location: Harrisburg, Arkansas (35.564, -90.717)

Metadata

Model: gpt-5-mini
Short Digest: a4443fd1

Response Measures

None

Description

Article (Monette Weekly Sun, 1927-09-07) reports the Harrisburg State Bank 'closed its doors ... by order of the State Bank Commissioner.' This is a government-ordered suspension indicating permanent closure/failure; the story also notes a brief run on the Merchants and Planters Bank after the closing. OCR errors in the clipping were corrected (e.g., 'red' -> 'at', garbled lines).

Events (2)

1. September 7, 1927 Other

Newspaper Excerpt: Following the closing of this institution a heavy run was made on the Merchants and Planters Bank at Harrisburg. All checks presented were promptly paid by that bank and after an active hour the run stopped.
Source: newspapers

2. September 7, 1927 Suspension

Cause: Government Action
Cause Details: Closed by order of the State Bank Commissioner; described as a failure/closing of the institution.
Newspaper Excerpt: The Harrisburg State Bank ... closed its doors at ten o'clock this morning by order of the State Bank Commissioner.
Source: newspapers

Newspaper Articles (1)

1. September 7, 1927 Monette Weekly Sun Monette, AR

Article from Monette Weekly Sun, September 7, 1927

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Article Text

HARRISBURG STATE BANK CLOSES DOORS; RUN ON OTHER BANK THERE STOPS AFTER ONE HOUR The Harrisburg State Bank at red Harrisburg. Ark., the oldest bank in Poinsett County. closed its doors at ten d'slock this morning by orlei of the State Bank Commissioner. Following the closing of this institution a heavy run was made on the Merchants and Planters Bank at Harrisburg All checks presented were promptly paid by that bank and after an active hour full occur- The hour fors with ence ternoon all reported muet Thomas defunet institution cause of the failure The capital $50,000 were