482. Citizens Bank (Monette, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 21, 1930
Location
Monette, Arkansas (35.891, -90.344)

Metadata

Model
gpt-5-mini
Short Digest
0c9a3f819c2013ec

Response Measures

None

Description

Articles show Citizens Bank of Monette was among suspended banks expected to reopen in Nov 1930, but by July 1932 a receiver (Finis Miller) was handling its liquidation and is reported dead — indicating the bank remained closed and in receivership. No article describes a depositor run; sequence is a suspension followed by permanent closure/receivership.

Events (2)
1. November 21, 1930 Suspension
Cause
Macro News
Cause Details
One of several suspended Arkansas banks in a statewide wave of bank suspensions; article discusses reopening plans rather than a bank-specific trigger.
Newspaper Excerpt
The Citizens Bank of Monette ... are expect to resume Saturday or Monday
Source
newspapers
2. July 23, 1932 Receivership
Newspaper Excerpt
Finis Miller, receiver for the Citizens Bank of Monette ... died this morning at two o'clock at his home in Rogers, Ark.
Source
newspapers

Newspaper Articles (3)
1. November 21, 1930 Jonesboro Daily Tribune Jonesboro, AR
Article from Jonesboro Daily Tribune, November 21, 1930

Click image to open full size in new tab

Article Text

BANKS REOPEN FOR BUSINESS THIS MORNING LITTLE ROCK, Ark., Nov. 21 (U.P)-Plans are pushing forward rapidly for the reopening of the suspended banks over the state. The Citizens Bank of Monette and the First State Bank of Morrilton and The Peoples Bank and Trust Company of Morrilton are expectto resume Saturday or Monday New National Bank probably will be organized at Helena. Officers of the American Exchange Trust here continue plans for reorganization and expect to open soon. More banking delegations were here today for with representaties of the B. Banks group relative to reopening. committee work out plans the organization of new bank to take over tional Bank of Arkansas, which closed July 21, was selected at meeting of the depositors yesterday. It will fomulate plan providing for sixty per cent checkmg privilenge.

2. July 23, 1932 The Sun Jonesboro, AR
Article from The Sun, July 23, 1932

Click image to open full size in new tab

Article Text

BANK RECEIVER TAKEN BY DEATH Finis Miller, Receiver For Four Eastern Arkansas Banks, Passes. Finis Miller, receiver for the Citizens Bank of Monette, the First State Bank of Osceola, the Bank of Osceola and the Bank of Leachville, died this morning at two o'clock at his home in Rogers, Ark. stroke of paralysis suffered last Thursday proved fatal to him. Nathan Deutsch, assistant under Mr. Miller in the bank liquidations, received message here this morning announcing the death. He will to Rogers tomorrow to attend the funeral which will be held at three o'clock tomorrow afternoon. Mr. Miller was past grand commander of the Masonic Lodge of Arkansas. He was brother-in-law of Senator Joe T. Robinson.

3. July 27, 1932 Monette Weekly Sun Monette, AR
Article from Monette Weekly Sun, July 27, 1932

Click image to open full size in new tab

Article Text

BANK RECEIVER TAKEN BY DEATH Finis Miller, Receiver For Four Eastern Arkansas Banks, Passes. Finis Miller, receiver for the Citizens Bank of Monette, the First State Bank of Osceola, the Bank of Osceola and the Bank of Leachville, died this morning at two o'clock at his home in Rogers, Ark. A stroke of paralysis suffered last Thursday proved fatal to him. Nathan Deutsch, assistant under Mr. Miller in the bank liquidations, received a message here this morning announcing the death. He will to Rogers tomorrow to attend the funeral which will be held at three o'clock tomorrow afternoon. Mr Miller was past grand commander of the Masonic Lodge of Arkansas. He was a brother-in-law of Senator Joe T. Robinson.