574. Wilmot Bank (Wilmot, AR)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 11, 1930
Location
Wilmot, Arkansas (33.057, -91.573)

Metadata

Model
gpt-5-mini
Short Digest
8a8f3ce0ee03a030

Response Measures

None

Description

Articles (Dec 11–12, 1930) report the Wilmot Bank was placed under a five-day suspension in mid-December 1930 as part of broader Arkansas bank disturbances; contemporaneous reports indicate it was expected to reopen after the five-day suspension. OCR errors in the clips were corrected (e.g., 'Wilmiet' -> Wilmot). Cause is not specified explicitly; suspension appears linked to the general wave of bank closures/suspensions in Arkansas in November–December 1930, so classified as macro_news (systemic banking troubles). Date for suspension inferred as 1930-12-11 from suspended late yesterday in a Dec 12 article and the Dec 11 Helena paper referencing reopening context.

Events (1)
1. December 11, 1930 Suspension
Cause
Macro News
Cause Details
Suspended as part of the wave of bank closures/suspensions in Arkansas in Nov–Dec 1930; article does not cite a bank-specific cause.
Newspaper Excerpt
The Wilmot Bank was suspended late yesterday for five days.
Source
newspapers

Newspaper Articles (3)
1. December 11, 1930 The Daily World Helena, AR
Article from The Daily World, December 11, 1930

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Article Text

BANK REOPENS AS Dec at Sheridan, Bank 17. reNov. on today and the Wilmot Bank for five days, andepartment banking Smith Dec Hamilton, 90, Confederate vettoday at the home of daughter, Mrs. Webb Covington. Me four years in the ConHe was a native of

2. December 12, 1930 Jonesboro Daily Tribune Jonesboro, AR
Article from Jonesboro Daily Tribune, December 12, 1930

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Article Text

BANK ACTIVITY RESUMED ACTION TODAY Little Rock, Ark., Dec. 12. The Peoples Bank and Trust Company of which closed November 17, resumed business day after reorganizing The the board of Directors over to the State Banking Department. It was capitalized at $10,000 with $30,500 deposits. The Wilmot Bank was suspended late yesterday for five days. Eighty five banks have closed since November 1st, 26 have reopened and two have merg-

3. December 12, 1930 The Courier News Blytheville, AR
Article from The Courier News, December 12, 1930

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Article Text

REOPENS People's Bank and Trust Reorganized; Two Small Banks Suspend. LITTLE ROCK, Dec. 12 Another Arkansas bank which sus pended business during the general last month resumed business today, and one falled to open and has been placed the hands state banking department. The People's Bank and Trust pended business Nov. has been recignized and opened Its doors The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department It was Italized $10.000 and had deposits totaling The Wilniet Bank of Wilmot formed the state banking department It had closed under the five day suspension It is believed the institution will reopen after