Bank of Anniston - Anniston, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 5, 1898
Location: Anniston, Alabama (33.660, -85.832)

Metadata

Model: gpt-5-mini
Short Digest: 8f62b346

Response Measures

None

Description

Article (The Leader, 1898-10-05) reports the Bank of Anniston, a state bank, has assigned (placed in receivership) to W. F. Stringfellow. No run or depositor panic is mentioned; assignment is attributed to bad loans made before the current president's term.

Events (1)

1. October 5, 1898 Receivership

Newspaper Excerpt: The Bank of Anniston, Ala., a state bank, of which Frank Nelson, Jr., was president, has assigned to W. F. Stringfellow, president of the First national bank.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1898 The Leader Brookhaven, MS

Article from The Leader, October 5, 1898

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Article Text

Anniston (Ala.) Bank Failure. The Bank of Anniston, Ala., a state bank, of which Frank Nelson, Jr., was president, has assigned to W. F. Stringfellow, president of the First national bank. The bank had a capital of $85,000. President Nelson, in an interview, stated that therewere about $24,000 of general depositsand $13,000 time deposits. As assets there are $6,000 in cash: loans and discounts amounting to $73,000 and real estate owned by the bank which cost $35,000. He said the cause of the assignment was loans made before he became president four years ago.