Bank of Grayson (Grayson, GA)

Episode Information

Episode UID
64061471494
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
6406147 routing
Routing Number
64-0614
Start Date
June 7, 1924
Location
Grayson, Georgia (33.894, -83.956)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c13e1b3392892b0a

Response Measures

None

Description

Run followed disappearance of the bank president; state banking department took control and closed the bank pending audit.

Events (2)
1. June 7, 1924 Run
Cause
Bank Specific Adverse Info
Cause Details
Run started after disappearance of W. T. Roberts, president of the bank
Measures
Bank was closed at depositors' request and auditors were sent by state banking department
Newspaper Excerpt
a run was started on the bank early Saturday morning
Source
newspapers
2. June 7, 1924 Suspension
Cause
Government Action
Cause Details
State banking department took over and closed the bank pending audit following the run
Newspaper Excerpt
The state banking department has taken over the affairs of the Bank of Grayson
Source
newspapers

Newspaper Articles (3)
1. June 10, 1924 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, June 10, 1924

Click image to open full size in new tab

Article Text

State Bank Officers Take Over Grayson Bank During Audit The Bank of Grayson, Grayson, Ga., was taken over by the state banking department Saturday afternoon, following a run on the bank by depositors Saturday, according to an announcement made by T. R. Bennett, state bank commissioner, today. Mr. Bennett stated that auditors have been sent to Grayson and that they are now checking the bank's account. A report on the exact status of the bank is expected within 10 days. According to Mr. Bennett, a run was started on the bank early Saturday morning, and upon the request of the depositors, the bank was closed and an investigation started. The run was started, state banking officials stated, because of the disappearance of W. T. Roberts, president of the bank, on last Monday, whose whereabouts is now unknown. The Bank of Grayson has a capital stock of $40,000, with a surplus amounting to $10,000.

2. June 10, 1924 The Macon News Macon, GA
Article from The Macon News, June 10, 1924

Click image to open full size in new tab

Article Text

President Gone, State Takes Over Bank At Grayson Special to The News. ATLANTA, Ga., June 10.—The state banking department has taken over the affairs of the Bank of Grayson, at Grayson, Ga., following a run on the bank caused by the disappearance of W. T. Roberts, president of the institution, and a request to the Atlanta police by his relatives for aid in locating him. T. R. Bennet state superintendent of banks, has announced that the bank has been closed temporarily and that auditors are engaged at work on the books. The audit will be completed in about a month or six weeks. The bank was capitalized at $40,000 and has a surplus of $10,000, according to the banking department's records. According to word reaching here, Roberts, who had been president of the bank for three years has been succeeded by A. W. Webb, who was elected last Friday after Roberts had been missing for two days. The missing ex-president, it is said, told his wife last Tuesday (a legal holiday) that he was going to Atlanta and would return in the evening. When he failed to show up Wednesday, police aid was requested but nothing has been heard from Roberts. New York's first mayor was a New Englander who originally had come from England.

3. June 10, 1924 Ledger-Enquirer Columbus, GA
Article from Ledger-Enquirer, June 10, 1924

Click image to open full size in new tab

Article Text

POLITICAL MOVES AT WOMEN'S SESSION LOS ANGELES, June 9.—Two resolutions of political flavor were ready today for presentation to the biennial session of the general federation of women's clubs, in session here. One, prepared by the New York delegation, would ask the convention of both the great national parties to include in their platform planks urging the United States to join the world court of international justice. The second is a dry resolution, indorsed at the last biennial, which would recommend that both political parties include bone dry planks in their platforms. Mrs. Williams Jennings of Jacksonville, Fla., today announced that she had withdrawn from the race for the GRAYSON BANK CLOSED AFTER RUN ATLANTA, Ga., June 9.—The Bank of Grayson, Grayson, Georgia, was taken over by the state banking department Saturday afternoon, following a run on the bank by depositors, according to an announcement today by T. R. Bennett, state bank commissioner. Mr. Bennett stated that auditors have been sent to Grayson and that they are now checking the bank's account. A report on the exact status of the bank is expected within ten days. The run followed the disappearance of W. T. Roberts, president of the bank, on last Monday, whose whereabouts is now unknown, it was stated. The Bank of Grayson has a capital stock of $40,000, with a surplus amounting to $10,000.