Drew County Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: December 11, 1930
Location: Monticello, Arkansas (33.629, -91.791)

Metadata

Model: gpt-5-mini
Short Digest: 0cd008510444b620

Response Measures

None

Description

Article (The Daily World, 1930-12-11) reports the state banking department 'taking over of the Drew County Bank and Trust Company at Monticello, for liquidation' — indicates government takeover/receivership and permanent closure. No run or depositor panic is mentioned. Date of takeover inferred as 1930-12-11 (article date).

Events (1)

1. December 11, 1930 Receivership

Newspaper Excerpt: taking over of the Drew County Bank and Trust Company at Monticello, for liquidation by the state banking department were developments in the banking situation today
Source: newspapers

Newspaper Articles (1)

1. December 11, 1930 The Daily World Helena, AR

Article from The Daily World, December 11, 1930

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Article Text

STATE CAPITOL BRIEFS Little Rock, Ark., Dec. Reopening of the suspended Hampton State Bank under the name of the Peoples Home Bank at Hampton. and taking over of the Drew County Bank and Trust Company at Monticello, for liquidation by the state banking department were developments in the banking situation today The Hampton State Bank suspended November 17. If was one of the so-called A. B. Banks group. A charter was granted the reorganized bank.