7493. Bank of Cotton Valley (Cotton Valley, LA)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
April 14, 1925
Location
Cotton Valley, Louisiana (32.819, -93.418)

Metadata

Model
gpt-5-mini
Short Digest
dd47e046

Response Measures

Full suspension, Books examined

Other: State Banking Board notified to examine affairs; bank failed to open doors after slow withdrawals.

Description

Two contemporaneous reports (Apr 14–15, 1925) state the Bank of Cotton Valley 'failed to open its doors' after a slow run/gradual withdrawals drained available funds. No article mentions a reopening or receivership, so outcome is uncertain.

Events (2)
1. April 14, 1925 Run
Cause Details
Gradual withdrawals / slow run that drained the bank's available funds.
Newspaper Excerpt
The failure is said to be due to slow run on the bank.
Source
newspapers
2. April 15, 1925 Suspension
Cause Details
Bank failed to open following the slow run and depletion of available funds.
Newspaper Excerpt
Reports were received ... that the Bank of Cotton Valley had failed to open its doors for business this morning.
Source
newspapers

Newspaper Articles (2)
1. April 15, 1925 The Times Shreveport, LA
Article from The Times, April 15, 1925

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Article Text

COTTON VALLEY CLOSES DOORS. REPORT HERE Reports were received in ShreveTuesday night that the Bank of Cotton Valley had failed open its doors for business the morning. The has been in operation for deposits estimated to president the bank, filling also the positions cashier and Mr. is said to be the largest stockholder. According to information reaching Shreveport, the open the doors of the bank, Tuesday morning, due slow run on the bank, said to have been progress nearly The gradual drawal funds drained available the State Banking Brock notified and expected arrive examine the affairs of the

2. April 15, 1925 El Paso Times El Paso, TX
Article from El Paso Times, April 15, 1925

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Article Text

LOUISIANA BANK CLOSES. LA, April 14.-Reports were received In Shreveport TuesPofahl & Jagoe day night that the bank of Cotton Valley, La., had failed to open its doors for Tire and Battery Road Service business this morning. The bank has been in operation for Myrtle and Campbell. many years and deposits were estimated at $150,000. Phone Main 703. The failure is said to be due to slow run on the bank.