52. Bessemer Savings Bank (Bessemer, AL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 22, 1910
Location
Bessemer, Alabama (33.402, -86.954)

Metadata

Model
gpt-5-mini
Short Digest
6a03fff127274f52

Response Measures

None

Description

Articles indicate the Bessemer Savings Bank was defunct and in receivership; the receivership was wound up (Dec 22, 1910) and a final dividend was to be paid (Jul 28, 1911). No mention of a depositor run or temporary suspension prior to closure; the bank was closed permanently and placed in receivership.

Events (2)
1. December 22, 1910 Receivership
Newspaper Excerpt
Blake Renders His Report ... Clerk Blake reports that the report of Receiver Stevenson is true and correct and up-to-date. The rendering of this report winds up the receivership of the bank.
Source
newspapers
2. July 28, 1911 Other
Newspaper Excerpt
TO PAY DIVIDEND ON DEFUNCT BANK ... to pay off the last dividend of the defunct Bessemer Savings bank. Payments will be made in the office of the receiver at Bessemer, George H. Stevenson.
Source
newspapers

Newspaper Articles (2)
1. December 22, 1910 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, December 22, 1910

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Article Text

Blake Renders His Report Sam M. Blake, clerk and register of the city court, has rendered his report on the receivership of George H. Stevenson, receiver of the bankrupt Bessemer Savings bank. Clerk Blake reports that the report of Receiver Stevenson is true and correct and up-to-date. The rendering of this report winds up the receivership of the bank.

2. July 28, 1911 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, July 28, 1911

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Article Text

TO PAY DIVIDEND ON DEFUNCT BANK Clerk of the Circuit Court Sam M. Blake will go to Bessemer Monday to pay off the last dividend of the defunct Bessemer Savings bank. In order to save the depositors unnecessary trouble Mr. Blake will go to Bessemer and remain there all Monday rather than have the depositors come to Birmingham. The dividend runs from 1 cent up to good round sums. The payments will be made in the office of the receiver at Bessemer, George H. Stevenson.