Clanton Bank (Clanton, AL)

Episode Information

Episode UID
61019671395
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
6101967 routing
Routing Number
61-0196
Start Date
March 11, 1916
Location
Clanton, Alabama (32.839, -86.629)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
87978be4672bd682

Response Measures

None

Events (3)
1. March 11, 1916 Run
Cause
Bank Specific Adverse Info
Cause Details
Recent heavy withdrawals (a run) weakened the bank and precipitated suspension of payments.
Measures
Suspended payments (see suspension on 1916-03-11).
Newspaper Excerpt
Recent heavy withdrawals from the bank is believed to have been largely responsible for its failure.
Source
newspapers
2. March 11, 1916 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended payments after heavy withdrawals undermined liquidity.
Newspaper Excerpt
which suspended payment on March 11.
Source
newspapers
3. April 11, 1916 Receivership
Newspaper Excerpt
State Superintendent of Banks Alex E. Walker today took over the affairs of the Clanton bank at Clanton, which failed yesterday.
Source
newspapers

Newspaper Articles (2)
1. April 12, 1916 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 12, 1916

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Article Text

Clanton Bank Fails Montgomery, April 11.-(Special.) State Superintendent. of Banks Alex E. Walker today took over the affairs of the Clanton bank at Clanton, which failed yesterday. The bank was capitalized at $150,000, with deposits of about $35,000. W. I. Mullins of Clanton was president, and Dr. E. A. Matthews, cashier. Recent heavy withdrawals from the bank is believed to have been largely responsible for its failure. It is not known whether or not the depositors will be protected.

2. April 30, 1916 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 30, 1916

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Article Text

SEEK SETTLEMENT OF BANK'S AFFAIRS Clanton, April 29.-(Special.)-There was a ripple of excitement here this morning when the state banking department. through its attorneys, William M. Adams of Clanton and Steiner, Crum & Weil of Montgomery, filed a bill to set aside certain conveyances which would stand in the way of the payment of the depositors of the Clanton bank, which suspended payment on March 11. The following residents were made parties to the bill: E. A. Matthews, W. I. Mullins, W. Rv Sartor, P. D. Wilson, N. A. Kicker, Belle J. Matthewys, G. B. Wimberley, M. B. Sartor, J. P. Crumpton, Lillian Joseph Matthews, Samuel Curry Matthews and Mary E. Matthews, non-resident. The bill sets out that the several subscribers are liable to said bank for all of the unpaid 70 per cent of the subscriptions, and asks that they be required to pay the same.