6433. Bank of Louisville (Louisville, KY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 16, 1930
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini
Short Digest
29355ee4efc9ae69

Response Measures

None

Description

Newspaper snippets (Dec 1930) describe heavy withdrawals/general uneasiness and mention the Bank of Louisville was closed and failed to open; closure taken by state banking authorities. Runs were triggered by uneasiness/rumors following failures of other regional banks (e.g., Caldwell & Co., Nashville). No article mentions reopening, and a state liquidation/closure process is indicated.

Events (2)
1. December 16, 1930 Run
Cause
Local Banks
Cause Details
Two-day steady withdrawals and runs in Louisville triggered by rumors and uneasiness after the failure of Caldwell & Co. at Nashville and other regional bank troubles.
Measures
None specified for this run beyond later closure by authorities.
Newspaper Excerpt
the closing of six banks Louisville Franklin, also was said to protective necessary to runs which threatened because of rumors that followed the failure of Caldwell and Co. at Nashville.
Source
newspapers
2. December 17, 1930 Suspension
Cause
Government Action
Cause Details
State banking department/liquidating agent took charge and the bank failed to open following two days of heavy withdrawals and general uneasiness.
Newspaper Excerpt
the Bank of Louisville was closed due two-day and steady due general easiness ... failed to open this morning ... Columbus, liquidating agent for the state banking department, took charge
Source
newspapers

Newspaper Articles (2)
1. November 18, 1930 Press and Sun-Bulletin Binghamton, NY
Article from Press and Sun-Bulletin, November 18, 1930

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Article Text

Banks-- 'hysteria' which resulted in withdrawals of $4,000,000 from the American Exchange Trust Co. within 10 days and made necessary the to closing protect Most the other Arkansas banks which closed were affiliated with the American Exchange Trust, which was the first to The Arkansas banking laws provide that an institution may be for for reorganizaand and the said, took of this to remove danger of until 'hysteria' Senator Robinson spoke of had Besides the banks in Arkansix banks closed yester day in four Missouri in Illinois in Iowa. was phasized the banks solprotective rather than forced acclosing of banks at ing. La Belle, La Grange and Rut Missouri brought about by week large the deposited funds. The two Illinois banks at Clayton and Timewell, closed result of failure of the Quincy institutions. In Kentucky, the closing of six banks Louisville Franklin, also was said to protective necessary to runs which threatened because of rumors that followed the failure of Caldwell and Co. at Nashville.

2. December 18, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, December 18, 1930

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Article Text

BANK SUSPENSIONS NEW Dec. Martin State bank failed open today Miller. Columbus, liquidating agent for the state banking department, took charge saying depreciation bonds responsible the closing last statement showed resources INDIANAPOLIS, Dec 17 yesterday the Trust and Savbank was today the state banking departThe bank was closed as precautionary capitalized with $830,000. loans $770,000 and undivided profits $10,000. ABERDEEN Miss., 17 Commercial company with deposits of failed to open its doors this morning notice the the on order the board over state banking department for liquidation. The bank capitalized at $50,000 McFarlane, president, and Neil McCaskill, cashier. RALEIGH, Dec. 17 ports chief examiner's fice here the Citizens bank Burnsville, N. closed its doors yesterday bank had capital and surplus deposits and FRANKFORT Dec. Dicken, was notified today that the Bank Sturgis, county, failed to open this The call statement of the bank showed of Charles H. Ellis was president of the institution Dicken said the bank no reason for failing open but notified him hands the M. Smock and Dicken to take charge of the in- Ala., Dec. 17 Dent Green, state today the the Bank Louisville, instituand the Sturdivant Leedsville, bank. Green said the Bank of Louisville was closed due two-day and steady due "general easiness, that the bank $40,000 stock with deposits Nov. The Sturdivant bank, Mr. Green said, closed due to bad crops, low prices frozen assets. The bank, Green had capital stock, $10,000 surplus, with deposits of on Nov. Maybe jaw exercise just seems preserve the teeth because gum fills the cavities.