Luxora Banking Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 26, 1921
Location: Luxora, Arkansas (35.756, -89.928)

Metadata

Model: gpt-5-mini
Short Digest: 2989b7678b701e54

Response Measures

None

Description

Article (Prescott Daily News, 1921-01-26) reports the Luxora Banking Company had been closed for several weeks and 'resumed business' on Jan 26 after increasing capital and electing a new board; no run is mentioned. Reopening appears to have been overseen by the State Bank Commissioner.

Events (2)

1. January 26, 1921 Reopening

Newspaper Excerpt: Luxora Banking Company of Luxora which resumed business after a suspension of several weeks, with an increase of capital to $50,000 and the election of a new board of directors and J. E. Dean as cashier and S. E. Simonson as vice president.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Closed for several weeks and subsequently reopened by action of the State Bank Commissioner; reorganization and capital increase preceded reopening
Newspaper Excerpt: the Luxora Banking Company of Luxora which resumed business after a suspension of several weeks
Source: newspapers

Newspaper Articles (1)

1. January 26, 1921 The Prescott Daily News Prescott, AR

Article from The Prescott Daily News, January 26, 1921

Click image to open full size in new tab

Article Text

TWO BANKS REOPENED BY BANK COMMISSIONER Special to The News. Little Rock, Jan. 26.-State Bank Commissioner W. T. Maxwell reports the reopening of two banks which had recently been closed; one of them is the Luxora Banking Company of Luxora which resumed business after a suspension of several weeks, with an increase of capital to $50,000 and the election of a new board of directors and J. E. Dean as cashier and S. E. Simonson as vice president. Mr. Simonson is the manager of the Arkansas Plantations owned by Governor Frank O. Lowden of Illinois. The Arkansas County Bank opened for business at Stuttgart Monday, having been organized for the purpose of taking over the assets and assuming the liabilities of the Bank of Stuttgart & Trust Company, which closed several days ago for the purpose of reorganization. A. B. Banks as president, Van M. Howell and W. B. Wall are the principal stockholders.