567. Bank of Ulm (Ulm, AR)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 15, 1914
Location
Ulm, Arkansas (34.576, -91.461)

Metadata

Model
gpt-5-mini
Short Digest
eae1996712867bf4

Response Measures

None

Description

Articles report a daylight robbery at the Bank of Ulm that precipitated a run and temporary closing (Aug 15, 1914). Later (Aug 26, 1914) the bank was declared insolvent and a receiver appointed. Article 3 has an OCR typo 'Jlm' corrected to 'Ulm'.

Events (3)
1. August 15, 1914 Run
Cause
Bank Specific Adverse Info
Cause Details
A daylight robbery of the bank's vaults (initially reported $1,200; later $3,000) triggered depositors to run.
Measures
Bank closed its doors temporarily; officers issued statement that closing was temporary to adjust business.
Newspaper Excerpt
Run Was Started After Robbers Had Looted the Vaults.
Source
newspapers
2. August 15, 1914 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Temporary suspension of business following the robbery and ensuing run; bank failed to open for business after robbery (reported Aug 15).
Newspaper Excerpt
The Bank of Ulm ... closed its doors today. Officials in a statement said the closing is only temporary, and that it was caused by the robbery and a run of depositors.
Source
newspapers
3. August 26, 1914 Receivership
Newspaper Excerpt
The Bank of Ulm ... has been declared insolvent by the bank commissioner, and L. G. Selig ... has been appointed receiver.
Source
newspapers

Newspaper Articles (3)
1. August 16, 1914 Tulsa Daily World Tulsa, OK
Article from Tulsa Daily World, August 16, 1914

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Article Text

ROBBED BANK IS CLOSED Run Was Started After Robbers Had Looted the Vaults. LITTLE ROCK Ark., Aug. 15.-The Bank of Ulm, at Ulm, Ark., which was the victim of a daylight robbery Tuesday, closed its doors today. Officials in a statement said the closing is only temporary, and that it was caused by the robbery and a run of depositors, which started yesterday. It was at first announced that the robbers secured about $1,200. Later it was announced that an audit of the bank showed the amount taken to be $3,000.

2. August 16, 1914 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, August 16, 1914

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Article Text

BANK OF ULM, ROBBED OF $2000, CLOSES DOORS Officers Say Suspension Is Temporary Only-No Arrests Made. Stuttgart, Aug. 15.-The Bank of Ulm, which was robbed on the evening of the 11th inst. by two men, failed to open for business this morning. The officers of the bank in their statement say that it is closed temporarily only, to allow them to adjust their business, when it will again be opened for business. The detectives who are working on the case, were in this city last night working on a clew but learned that their man had left here for Little Rock or Hot Springs early yesterday morning. They state that they are sure of the right parties, and that arrests will follow within a day or two. At a late hour tonight no arrests had been made. Local officers stated they were unable to say if there were other suspects than the man followed here or not. It was stated that the books of the institution show deposits amounting to $13,000, with cash on hanad of $211.14.

3. August 27, 1914 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, August 27, 1914

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Article Text

BANK OF ULM IS NOW INSOLVENT Stuttgart Bank Appointed Receiver for Institution Recently Robbed. Stuttgart, Aug. 26.-The Bank of Jlm, which it was claimed was robbed by daylight robbers on the afternoon of August 6, has been declared insolvent by the bank commissioner, and L. G. Selig, assistant cashier of the Exchange bank of this city has been appointed receiver. Mr. Selig went to Ulm today to Investigate conditions, but will not give out any statement as to the assets and liabilities of the bank. It is understood, on good authority, however, that the deposits amount to $13,000 and that the assets will hardly pay 50 per cent of the amount. Martin Kroff, who was arrested at Marshall charged with forgery in connection to a note sent there by the bank commissioner from the Bank of Ulm for collection, was vice president of the defunct institution, and it is claimed owed the bank $7,600.00 when its doore closed, but this statement the received will neither deny or affirm, simply stating that he has no information to give out at this time.