Exchange Bank - Stuttgart, AR

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 1, 1926
Location: Stuttgart, Arkansas (34.500, -91.553)

Metadata

Model: gpt-5-mini
Short Digest: fa781371

Response Measures

Capital injected

Other: Change in control / takeover by another bank (capital injection/change of ownership).

Description

OCR of the article is poor. The article headline reads 'First State Bank Taken Over Following Run' and mentions the Exchange Bank was run on and impaired, after which control was taken (May 1). That indicates a depositor run followed by takeover/closure rather than a temporary suspension and later reopening.

Events (2)

1. May 1, 1926 Run

Cause Details: Article only reports a run on the Exchange Bank; no specific trigger described in the OCR text.
Measures: Control taken by First State Bank/Trust company (change in control)
Newspaper Excerpt: First State Bank Taken Over Following Run. ... taken following run the Exchange Bank which impaired
Source: newspapers

2. May 1, 1926 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was impaired following the run and control was taken over by First State Bank/Trust company (change in control / takeover).
Newspaper Excerpt: First State Bank Taken Over Following Run. ... capital today took the of the Bank Trust Company.
Source: newspapers

Newspaper Articles (1)

1. June 1, 1926 The Commercial Appeal Memphis, TN

Article from The Commercial Appeal, June 1, 1926

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Article Text

CHANGE IN CONTROL OF STUTTGART BANK First State Bank Taken Over Following Run. May First capital today took the of the Bank Trust Company. taken followrun the Exchange Bank which impaired B. president of the American Southern Trust of other Argansas heads the The Exchange Trust Comand presithe Exchange. and all of officers were retained. Wall active president and