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: 7e2f7fc9

Response Measures

None

Description

Articles (Dec 11–12, 1930) report the Wilmot Bank was placed under a five-day suspension during a broader wave of Arkansas bank closures; reports state it is believed the institution will reopen after the five-day suspension. OCR errors in articles were corrected (e.g., 'Wilmiet' -> 'Wilmot').

Events (1)

1. December 11, 1930 Suspension

Cause: Macro News
Cause Details: Placed under a five-day suspension as part of the wider wave of Arkansas bank closures and general banking distress in early Dec 1930; suspension appears precautionary during statewide banking troubles.
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