Citizens Bank - Leslie, AR

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: September 2, 1931
Location: Leslie, Arkansas (35.830, -92.558)

Metadata

Model: gpt-5-mini
Short Digest: 47c81463

Response Measures

None

Description

Article describes closures of a group of banks in north Arkansas tied to the actions of a financier (Hudspeth) who apparently fled and whose papers were destroyed. The piece says institutions 'reopened during the last few [days]'. No explicit mention of depositor runs; the problem appears to be bank-specific misconduct leading to suspension and subsequent reopening.

Events (2)

1. September 2, 1931 Other

Newspaper Excerpt: HARRISON, Ark., Sept. ... Hudspeth ... 'I'll be in Canada,' Says Letter Left Behind. Bank examiners working night, checking affairs of the institutions ... led him believe Hudspeth had planned flight. ... institutions today reopened during the last few days
Source: newspapers

2. November 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closures tied to financier Hudspeth's disappearance, destroyed papers and alleged mismanagement/flight suggesting bank-specific misconduct or malfeasance led to suspension.
Newspaper Excerpt: Leslie: Citizens Bank ... Closing of the banks ... closed November ... institutions today reopened during the last few
Source: newspapers

Newspaper Articles (1)

1. September 2, 1931 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, September 2, 1931

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Article Text

CHIEF VANISHES Arkansas Financier Leaves Note for Sheriff. When This Gets Into Print, I'll Be in Canada, Says Letter Left Behind. HARRISON, Ark., Sept. cuting Jack revealed tonight that photographs other papers found destroyed at the home Hudspeth, prominent whose group banks letter from this I'll be Canada.' Holt had been unable to her daughter, Friday for Cleveland, Okla., visit Hudspeth that date, he said, borrow money Louis which deposits have today from his banks. Holt said he was the Hudspeths had not Cleveland. Bank examiners working night, checking affairs of the institutions Holt found several photographs Hudspeth dence destruction of other papers, he said, led him believe Hudspeth had planned flight. search Hudspeth he issued rant deposits knowing his banks to be Closing of the banks left two north Arkansas counties banking facilities. Deposits the institutions slightly and the Peoboth Harrison: First State Citizens Leslie: Bank Alpena, Alpena Bank Lead Hill, Lead North Everton, and the Bank of closed November following which officials brought tion speth American Little closing which followed by the closing other institutions ansas. institutions today reopened during the last few Hudspeth's letter assumed blame for tried hard make them letter said he had turned home here for benefit affairs properly managed "the banks will pay every cannot express my feelings, the letter life quite my friends fected for years will Canada before this print, but Harrison never be mind well other places in which Holt he did not believe HudHe to aid in search. Because most of the banks in this Holt there resentment against Hudspeth Besides banking Hudspeth many this from took the pending officials from Little Rock.