Article Text
ARKANSAS BANK CLOSED. Searcy, Ark., September The People's Bank of Searcy by the State Banking Department today. Officials said the closing caused by neavy withdrawals. The bank had a capital stock $100,000.
539. Peoples Bank (Searcy, AR)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- September 1, 1931*
- Location
- Searcy, Arkansas (35.251, -91.736)
Metadata
- Model
- gpt-5-mini
- Short Digest
8d7b055fc14e49be
Response Measures
None
Description
Article (Cincinnati Enquirer, 1931-10-01) reports The People's Bank of Searcy was closed by the State Banking Department in September after 'heavy withdrawals.' Indicates a run preceded a regulatory closure. No mention of reopening or receiver assigned in the brief notice.
Events (2)
1.
September 1, 1931*
Run
- Cause Details
- Article reports heavy withdrawals precipitating the closing; no specific trigger (rumor, correspondent failure, or bank scandal) is given.
- Newspaper Excerpt
- Officials said the closing caused by neavy withdrawals.
- Source
- newspapers
2.
September 1, 1931*
Suspension
- Cause
- Government Action
- Cause Details
- Closed by the State Banking Department following heavy withdrawals.
- Newspaper Excerpt
- The People's Bank of Searcy [was closed] by the State Banking Department today.
- Source
- newspapers
Newspaper Articles (1)
Click image to open full size in new tab