Franklin Bank - Louisville, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 15, 1911
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: 5a40eac3

Response Measures

None

Description

Article (dated 1911-09-15) reports Franklin Bank of Louisville closed its doors and depositors to receive <50¢ on the dollar, indicating insolvency and permanent closure. No run is mentioned, nor is a reopening or receiver explicitly named.

Events (1)

1. September 15, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed its doors and appears insolvent; depositors expected to recover <50¢ on the dollar (indicates failure rather than temporary suspension).
Newspaper Excerpt: The Franklin Bank, of Louisville, closed its doors this week and the depositors will get less than 50 cents on the dollar it is said.
Source: newspapers

Newspaper Articles (1)

1. September 15, 1911 The Stanford Interior Journal Stanford, KY

Article from The Stanford Interior Journal, September 15, 1911

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Article Text

GENERAL NEWS NOTES The Cincinnati Southern this week began running trains over its new High Bridge, built 30 feet higher than the old one, and it was too high for us. J. B. Haggin, the New York millionaire, is about to join the burley pool movement. It is planned to build a $2,500,000 tobacco manufactory at Lexington, with the burley tobacco poolers as stockholders. The Franklin Bank, of Louisville, closed its doors this week and the depositors will get less than 50 cents on the dollar it is said. Henry Clay Beattie, the wealthy young Virginian. was convicted of the murder of his wife, after a sensational trial and will be electrocut, ed on November 24. It will require the official count to decide whether Maine voted wet or dry in the state-wide election on Honday. The eruption of Mount Etna in Sicily is increasing. A torrent of lava is sweeting everything in its way. The peartnts have left their homes. Aviator Fowler. who started from San Francis Monday to cross the continent in a Siplane fell with his machine.