7446. Rockport Deposit Bank (Rockport, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1926
Location
Rockport, Kentucky (37.334, -86.996)

Metadata

Model
gpt-5-mini
Short Digest
c6eddb28

Response Measures

None

Description

Articles report the bank closed its doors and placed assets with the state banking commissioner for voluntary liquidation on June 13, 1926. Cause cited is frozen loans leading to voluntary liquidation; no run is mentioned.

Events (1)
1. June 13, 1926 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed and placed assets with state banking commissioner for voluntary liquidation; frozen loans caused the bank's failure.
Newspaper Excerpt
The Rockport Deposit Bank, Ohio closed its dobrs today and placits assets in the hands of the banking commissioner for voluntary liquidation
Source
newspapers

Newspaper Articles (2)
1. June 13, 1926 The Paducah Sun Paducah, KY
Article from The Paducah Sun, June 13, 1926

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Article Text

Ohio County Bank Forced To Close Doors The Rockport Deposit Bank, Ohio closed its dobrs today and placits assets in the hands of the banking commissioner for voluntary liquidation, Phillips, deputy state banking nounced tonight on his arrival Owensboro from Rockport. The bank organized in 1904 and has capital stock of $15,000; surplus $6,000; deposits $58,000 and loans and discounts of $51,000. Dr. Park, Rockport, president and R. Reed cashier. Mr. Phillips estimated the depositors will in time be paid in full, but will probably require against the stockholders to do Frozen loans caused the bank's failure, Mr. Phillips stated.

2. June 13, 1926 The Owensboro Messenger Owensboro, KY
Article from The Owensboro Messenger, June 13, 1926

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Article Text

SMALL BANK IN COUNTY IS FORCED TO CLOSE Rockport Deposit Had Capital of $15,000 and Deposits of $58,000; To Pay In Full, Claim. The Rockport Deposit bank, of Rockport, Ohio county, closed its doors Saturday and placed its assets in the hands of the banking commissioner for voluntary liquidation, S. A. Phillips, deputy state banking commissioner announced on his arrival in Owensboro last night. The Rockport Deposit bank was organized 1904. A. D. Park, president: Elizabeth Harrel. vice president: R. Reed, cashier, and Bert Bennett, assistant cashier. Capital Stock $15,000 The capital stock of the bank (Continued on Page Seven)