Bank of Okolona - Okolona, AR

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 15, 1920
Location: Okolona, Arkansas (33.997, -93.338)

Metadata

Model: gpt-5-mini
Short Digest: 5198c689

Response Measures

None

Description

Article (Little River News, 1920-05-19) reports the Bank of Okolona suspended business on May 15, 1920 due to a shortage of cash and that it may reopen within a few days. No run is mentioned.

Events (1)

1. May 15, 1920 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspended because of a reported shortage of cash (liquidity problem); part of assets to be sold and bank expected to reopen within few days.
Newspaper Excerpt: OKOLONA BANK SUSPENDS Shortage of Cash Given as ReasonMay Reopen Soon. Okolona, May 15. The Bank of Okolona, suspended business at 710 o'clock this morning on account of a shortage of cash, It is reported that part of the bank's assets will be sold, and that the institution will be reopened within a few days.
Source: newspapers

Newspaper Articles (1)

1. May 19, 1920 The Little River News Ashdown, AR

Article from The Little River News, May 19, 1920

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Article Text

OKOLONA BANK SUSPENDS Shortage of Cash Given as ReasonMay Reopen Soon. Okolona, May 15. The Bank of Okolona, suspended business at 710 o'clock this morning on account of a shortage of cash, It is reported that part of the bank's assets will be sold, and that the institution will be reopened within a few days.