Exchange Bank - Stuttgart, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 5, 1914
Location: Stuttgart, Arkansas (34.500, -91.553)

Metadata

Model: gpt-5-mini
Short Digest: f75a5083

Response Measures

None

Description

Article (1914-06-05) reports the German-American Bank's affairs being directed by the state banking commissioner and that a newly formed Exchange Bank has absorbed/conducts its affairs. No run is mentioned; this is a suspension overseen by regulators with a transfer/absorption, so classified as suspension_closure. Bank type not explicitly stated in the text.

Events (2)

1. June 5, 1914 Other

Newspaper Excerpt: New Bank Takes Over Old. Stuttgart.- ...the absorption of the German-American bank by the newly-formed Exchange bank. ... the new bank is proceeding to conduct the affairs of the former German-Amertcan.
Source: newspapers

2. June 5, 1914 Suspension

Cause: Government Action
Cause Details: State banking commissioner directing affairs of the suspended institution; regulator oversight and absorption by a newly formed Exchange Bank.
Newspaper Excerpt: Officials from the office of John M. Davis, state banking commissioner, are directing the affairs of the suspended institution, while the new bank is proceeding to conduct the affairs of the former German-Amertcan.
Source: newspapers

Newspaper Articles (1)

1. June 5, 1914 The Forrest City Times Forrest City, AR

Article from The Forrest City Times, June 5, 1914

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Article Text

New Bank Takes Over Old. Stuttgart.- Financial circles of Stuttgart and southeast Arkansas were stirred by the closing of the Bank of Commerce and Trust Company and the absorption of the German-American bank by the newly-formed Exchange bank. Officials from the office of John M. Davis, state banking commissioner, are directing the affairs of the suspended institution, while the new bank is proceeding to conduct the affairs of the former German-Amertcan.