Jonesboro Trust Company - Jonesboro, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: April 2, 1932
Location: Jonesboro, Arkansas (35.842, -90.704)

Metadata

Model: gpt-5-mini
Short Digest: d81ecc06

Response Measures

None

Description

Article (Jonesboro Daily Tribune, 1932-04-02) reports final settlement with receiver and that the receivership for the Jonesboro Trust Co. was ended. No mention of a depositor run in the provided text. The bank had been in receivership and appears to have been wound up; classified as suspension_closure (suspension with permanent closure/receivership).

Events (2)

1. April 2, 1932 Other

Newspaper Excerpt: The Jonesboro Trust company, through its trustee, Attorney Horace Sloan, made final settlement yesterday for stock liability and other obligations to Receiver Knox of the American Trust Co. for $60,000 in deposits of the American Trust Co.
Source: newspapers

2. April 2, 1932 Receivership

Newspaper Excerpt: The deal was made yesterday and the receivership for the Jonesboro Trust Co. was ended.
Source: newspapers

Newspaper Articles (1)

1. April 2, 1932 Jonesboro Daily Tribune Jonesboro, AR

Article from Jonesboro Daily Tribune, April 2, 1932

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Article Text

COMPANY MAKES FINAL SETTLEMENTS The Jonesboro (Trust company, through its trustee, Attorney Horace Sloan, made final settlement yesterday for stock liability and other obligations to Receiver Knox of the American Trust Co, for $60,000 in deposits of the American Trust Co. The deal was made yesterday and the receivership for the Jonesboro Trust Co. was ended.