Bank of Allensville - Allensville, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 21, 1932
Location: Allensville, Kentucky

Metadata

Model: gpt-5-mini
Short Digest: ee03756c

Response Measures

None

Description

Article (dated 1932-07-22) reports the Bank of Allensville 'closed its doors Wednesday' and 'was placed in the hands [of] James R. Dorman, Commissioner of Securities, for liquidation.' No run is mentioned; this is a suspension/closure with government/commissioner involvement (liquidation). I used 1932-07-21 as the likely Wednesday before the paper date.

Events (2)

1. July 21, 1932 Receivership

Newspaper Excerpt: was placed the hands James R. Dorman, Commissioner and Securities, for liquidation.
Source: newspapers

2. July 21, 1932 Suspension

Cause: Government Action
Cause Details: Closed and placed in hands of James R. Dorman, Commissioner of Securities, for liquidation; bank directors/authorities closed the bank and turned it over for liquidation.
Newspaper Excerpt: The Bank of Allensville, Allensville, Todd County, closed its doors Wednesday
Source: newspapers

Newspaper Articles (1)

1. July 22, 1932 The Falmouth Outlook Falmouth, KY

Article from The Falmouth Outlook, July 22, 1932

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Article Text

DOWN IN KENTUCKY. They were short preacher down in Kentucky and one of the elders went down town he could do, and he ended up near the ferry boat, where ministerial look- ant. ing individual coming off the gang plank. On inquiry the man confessed that he was preacher. Explanations made and the preacher was asked what he would charge to preach that morning. dollars," he said. The elder scratched his head. ain't got that much," he confessed. right! Fifteen dollars!' said the prospect. Still the elder hesitated dollars then!" The elder hitched around little. haven't you got sermon that could give us for about The preacher mused minute. "Well," declared, could give you sermon for $5. but ain't worth Globe. TWO MORE BANKS CLOSE. The Whitley State Bank at Corbin was closed last Wednesday by its directors, leaving Corbin only the First National Bank, which has sets announced as $1,300,000. The Whitley State Bank's assets were announced $380,000. The Bank of Allensville, Allensville, Todd County, closed its doors Wednesday was placed the hands James R. Dorman, Commissioner and Securities, for liquidation. was capitalized at $20,000 and had reported surplus on its books of $19,000 with deposits approximating $58,000.