Montgomery Bank & Trust Company (Montgomery, AL)

Episode Information

Episode UID
61004171369
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
6100417 routing
Routing Number
61-0041
Start Date
January 1, 1914*
Location
Montgomery, Alabama (32.367, -86.300)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4635d2cbc4c926d4

Response Measures

None

Description

Bank had ceased banking operations for years before receivers were appointed by the state superintendent.

Events (3)
1. January 1, 1914* Suspension
Cause
Voluntary Liquidation
Cause Details
Bank ceased regular banking operations and operated only a trust business for approximately three years prior to 1917.
Newspaper Excerpt
the bank has not been engaged in the banking business for three years, but the organization has remained intact while officers carried on a trust business.
Source
newspapers
2. March 30, 1917 Other
Newspaper Excerpt
Judge Gaston Gunter has set Monday as the date for the consideration of a petition of Alex E. Walker, state superintendent of banks, for the appointment of a receiver of the Montgomery Bank and Trust company.
Source
newspapers
3. May 15, 1917 Receivership
Newspaper Excerpt
T. J. Reynolds and J. R. Sayre were appointed receivers of the Montgomery Bank and Trust company by Judge Gaston Gunter Tuesday afternoon. They will take control of the assets of an institution, which has ceased to exist during the past two years.
Source
newspapers

Newspaper Articles (2)
1. March 30, 1917 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, March 30, 1917

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Article Text

sion that the sheriff was responsible for the liquor. LYNCHING WAS FEARED Sak Hollis, negro of Geneva county. was placed in the Montgomery county jail for safekeeping Thursday; having been brought to this city by the sheriff of Geneva, who feared a mob would attempt to lynch him. Hollis is charged with the murder of G. F. Cropps, a farmer, Saturday night. The deputy sheriff carried Hollis from Geneva to Dothan in an automobile and caught a train for Montgomery Wednesday night. TO HEAR BANK CASE Judge Gaston Gunter has set Monday as the date for the consideration of a petition of Alex E. Walker, state superintendent of banks, for the appointment of a receiver of the Montgomery Bank and Trust company. The petition was filed at the request of minority stockholders, who seek to obtain a portion of their investment. The bank has not been engaged in the banking business for three years, but the organization has remained intact while officers carried on a trust business. Superintendent Walker's petition represents that the bank is losing money and that the overhead expense of operating under present plans is too great.

2. May 16, 1917 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, May 16, 1917

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Article Text

Receivers Named Montgomery, May 15.-(Special)-T. J. Reynolds and J. R. Sayre were appointed receivers of the Montgomery Bank and Trust company by Judge Gaston Gunter Tuesday afternoon. They will take control of the assets of an institution, which has ceased to exist during the past two years. The appointment of receivers was requested by Alex E. Walker, state superintendent of banks, who said it had reduced its capital below the amount required by law and was being operated at a loss to stockholders.