Bank of Heber Springs - Heber Springs, AR

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 20, 1930
Location: Heber Springs, Arkansas (35.491, -92.031)

Metadata

Model: gpt-5-mini
Short Digest: 26ef736c

Response Measures

None

Description

Article (The Atlanta Journal, 1930-11-20) reports The Bank at Heber Springs suspended Thursday. No mention of a depositor run, receivership, or reopening. Many banks are listed as suspending in the same period, suggesting a broader banking distress episode; I classify the cause as macro_news (widespread banking distress). Reopening is not reported in these articles—I select suspension_reopening as the most likely outcome given the common practice of temporary suspensions in this period, but this is uncertain.

Events (1)

1. November 20, 1930 Suspension

Cause: Macro News
Cause Details: Part of a wave of bank suspensions reported across states in mid-November 1930; article lists many banks suspending or closing that week.
Newspaper Excerpt: The Bank at Heber Springs suspended Thursday
Source: newspapers

Newspaper Articles (1)

1. November 20, 1930 The Atlanta Journal Atlanta, GA

Article from The Atlanta Journal, November 20, 1930

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Article Text

Six North Carolina Banks Close Doors To Conserve Assets ASHEVILLE N C., Nov. 20.-(P)The Central Bank and Trust Company largest financial institution in this immediate section failed to open for business Thursday and by noon five other western North Carolina banks had closed their doors Capitalized at 1,000,000. the Central Bank & Trust Company on September 24 the date of the last bank call had Its were given at that time $21,753,000 Other banks closing were the BiltOteen Bank here, including its branch at Oteen Veterans Hospital the First Bank & Trust Company the American Bank & Trust Company Hendersonvill the Citizens National Bank Hender sonville and the Bank of Lowell, John Mitchell, state bank examiner was notified of the Central Bank & Company's failure to open and was expected to send an examiner here immediately to take charge of A statement given out by the board of directors said the bank was closed in anticipation of a heavy run A notice posted on the door of the First Bank & Trust Company Hendersonville said the institution had been placed in the hands of the State Banking Department for liquidation of $204.261 and deposits according to its last stateof condition The American Bank & Trust Comsmallest three banks had deposits approxmiately $160. 000 The Citizens National capitalat $100,000 had surplus of deposits $70 000 at the last It was at MITCHELL BLAMES COLLAPSE OF BOOM IN REAL ESTATE RALEIGH N C. Nov. the closing of The primary the Central Bank and Company North Mitchell state bank exam the estate the section from a highly In statement issued here he said the of boom. -powered their largely in Asheville ville inflated was real The impossible for failed banks to liquidate their receivables sufficient volume to meet demands of depositors situation is purely local one does not in any reflect in the generally and should no Bankers Trust Closes 20 The Trust Company capitalized at $500 Thursday after the Central Bank of the Bank Canezville suspended The BankTrust brought thirteen the number banks which have suspendKentucky Monday six of them are in Louisville 62 Closed: One Reopens LITTLE ROCK Ark banks in Arkansas was reported to the State Banking Department Thursday bringing the week to The Bank at Heber Springs suspended Thursday Those Tuesday suspending Thursday the Bank of Ozan at Ozan the Bank of Strawberry both for five and two banks Bald Knob State Bank and