Bank of Louisville (Louisville, KY)

Episode Information

Episode UID
3749469991572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
374946999 hash
Start Date
December 17, 1930
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4685b9398d309562

Response Measures

None

Description

State examiners/department reportedly took charge; unclear if permanent liquidation but language implies formal closing.

Events (1)
1. December 17, 1930 Suspension
Cause
Government Action
Cause Details
State banking department/examiner took charge and the bank was closed after steady withdrawals and general nervousness.
Newspaper Excerpt
Green said the Bank of Louisville was closed due two-day and steady due general easiness
Source
newspapers

Newspaper Articles (2)
1. November 18, 1930 Press and Sun-Bulletin Binghamton, NY
Article from Press and Sun-Bulletin, November 18, 1930

Click image to open full size in new tab

Article Text

Banks-- 'hysteria' which resulted in withdrawals of $4,000,000 from the American Exchange Trust Co. within 10 days and made necessary the to closing protect Most the other Arkansas banks which closed were affiliated with the American Exchange Trust, which was the first to The Arkansas banking laws provide that an institution may be for for reorganizaand and the said, took of this to remove danger of until 'hysteria' Senator Robinson spoke of had Besides the banks in Arkansix banks closed yester day in four Missouri in Illinois in Iowa. was phasized the banks solprotective rather than forced acclosing of banks at ing. La Belle, La Grange and Rut Missouri brought about by week large the deposited funds. The two Illinois banks at Clayton and Timewell, closed result of failure of the Quincy institutions. In Kentucky, the closing of six banks Louisville Franklin, also was said to protective necessary to runs which threatened because of rumors that followed the failure of Caldwell and Co. at Nashville.

2. December 18, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, December 18, 1930

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS NEW Dec. Martin State bank failed open today Miller. Columbus, liquidating agent for the state banking department, took charge saying depreciation bonds responsible the closing last statement showed resources INDIANAPOLIS, Dec 17 yesterday the Trust and Savbank was today the state banking departThe bank was closed as precautionary capitalized with $830,000. loans $770,000 and undivided profits $10,000. ABERDEEN Miss., 17 Commercial company with deposits of failed to open its doors this morning notice the the on order the board over state banking department for liquidation. The bank capitalized at $50,000 McFarlane, president, and Neil McCaskill, cashier. RALEIGH, Dec. 17 ports chief examiner's fice here the Citizens bank Burnsville, N. closed its doors yesterday bank had capital and surplus deposits and FRANKFORT Dec. Dicken, was notified today that the Bank Sturgis, county, failed to open this The call statement of the bank showed of Charles H. Ellis was president of the institution Dicken said the bank no reason for failing open but notified him hands the M. Smock and Dicken to take charge of the in- Ala., Dec. 17 Dent Green, state today the the Bank Louisville, instituand the Sturdivant Leedsville, bank. Green said the Bank of Louisville was closed due two-day and steady due "general easiness, that the bank $40,000 stock with deposits Nov. The Sturdivant bank, Mr. Green said, closed due to bad crops, low prices frozen assets. The bank, Green had capital stock, $10,000 surplus, with deposits of on Nov. Maybe jaw exercise just seems preserve the teeth because gum fills the cavities.