Kentucky State Bank - Pineville, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 18, 1925
Location: Pineville, Kentucky (36.762, -83.695)

Metadata

Model: gpt-5-mini
Short Digest: c1be0607

Response Measures

None

Description

Article (Nov 18, 1925) reports the Kentucky State Bank in receiver's hands and sale/transfer of assets to First State Bank after inspection by the State Banking Commission. No run or depositor panic is mentioned. The regulator inspection and transfer indicate a government-action closure/receivership.

Events (2)

1. November 18, 1925 Receivership

Newspaper Excerpt: Pineville Bank In Receiver's Hands ... announced the sale of all assets and transfer of business ... The First State Bank will pay all depositors of the Kentucky State Bank in full demand and will collect all obligations due.
Source: newspapers

2. November 18, 1925 Suspension

Cause: Government Action
Cause Details: Inspection by the State Banking Commission preceded sale of assets and transfer of business to First State Bank; bank placed in receivership following regulator action.
Newspaper Excerpt: Directors of the Kentucky State Bank at Pineville today announced the sale of all assets and transfer of business to the First State Bank of Pineville. Announcement followed inspection by Phillips of the State Banking Commission Frankfort.
Source: newspapers

Newspaper Articles (1)

1. November 18, 1925 The Daily Independent Maysville, KY

Article from The Daily Independent, November 18, 1925

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Article Text

Pineville Bank In Receiver's Hands Pineville, Ky., November (A. Directors of the Kentucky State Bank at Pineville today announced the sale of all assets and transfer of business to the First State Bank of Pineville. Announcement followed inspection by Phillips of the State Banking Commission Frankfort. The First State Bank will pay all depositors of the Kentucky State Bank in full demand and will collect all obligations due.