Baldwin County Bank - Bay Minette, AL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 27, 1932
Location: Bay Minette, Alabama (30.883, -87.773)

Metadata

Model: gpt-5-mini
Short Digest: 5d981a29

Response Measures

None

Description

Article (The Birmingham News, 1932-01-29) reports the Baldwin County Bank 'closed its doors Wednesday' after 'continual withdrawals' and directors stating closure was in best interest. No explicit mention of a prior discrete run event or rumor; the bank suspended and is described as closed (no reopening reported). Date inferred: Wednesday before Jan 29, 1932 (1932-01-27). OCR corrected minor grammar/word order issues in the excerpt.

Events (1)

1. January 27, 1932 Suspension

Cause Details: Directors closed the bank after continual withdrawals and after imposing the daily maximum withdrawal limit; article does not specify rumors or insolvency details.
Newspaper Excerpt: BALDWIN BANK CLOSES Bay Minette Institution Of 28 Years Standing Suspends ... closed its doors Wednesday by action the board of directors stated in their notice that continual withdrawals ... that the bank close.
Source: newspapers

Newspaper Articles (1)

1. January 29, 1932 The Birmingham News Birmingham, AL

Article from The Birmingham News, January 29, 1932

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Article Text

BALDWIN BANK CLOSES Bay Minette Institution Of 28 Years Standing Suspends BAY After been in for more than 28 years, the Baldwin County Bank of this place closed its doors Wednesday by action the board of directors stated in their notice that continual withdrawals the maximum allowed of $10 day for had their cash was for the best interests the that the bank close. The bank had one the strongest this part of the state paid its shareholders a dividend on the first of the year.