Crowley Bank & Trust Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: trust company
Start Date: January 23, 1926
Location: Crowley, Louisiana (30.214, -92.375)

Metadata

Model: gpt-5-mini
Short Digest: 7b591390

Response Measures

None

Description

Article (The Crowley Post-Signal, 1926-02-03) reports the Crowley Trust & Savings Bank suspended business on January 23 and is in the hands of the state banking commissioner (W. Wood, examiner). Depositors' committee traveled to New Orleans to confer with Hibernia and Marine; prospects were described as favorable for recovery of much or all deposits. The bank had previously failed in Dec 1922 and was reorganized. I classify this as a suspension with expectation of reopening/recovery (no explicit reopening reported in these articles).

Events (1)

1. January 23, 1926 Suspension

Cause: Government Action
Cause Details: Suspended and placed in the hands of the state banking commissioner (bank examiner handling affairs).
Newspaper Excerpt: which suspended business on January 23 and which since that time has been in the hands of Brock, state banking commissioner, represented by W. Wood, bank examiner.
Source: newspapers

Newspaper Articles (1)

1. February 3, 1926 The Crowley Post-Signal Crowley, LA

Article from The Crowley Post-Signal, February 3, 1926

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Article Text

DISCUSS BANK Committee from Depositors Organization Will Confer with Hibernia and Marine. With committee of depositors and officers of the Crowley Trust Savings Bank en route today to New Orleans for with representatives of the Marine Bank and the Hibernia Bank & Trust Company, prospects were said to continue favorable for the of much or all of the money of depositors of the bank. which suspended business on January 23 and which since that time has been in the hands of Brock, state banking missioner, represented by W. Wood, bank examiner. No statement was issued for publication, but The Signal learned members of the depositors tion, formed last week, that conferences last night, following other meetings, had more completely plan of action to be followed when the New Orleans interests are approached tomorrow morning or afternoon. Names of those forming the committee going to New Orleans were not given out, but it was said that composing it were depositors and officials of the bank. The Hibernia and Marine banks were interested the extent of ownership of $75,000 of the capital stock of the local bank, this interest having been acquired when the Crowley Bank & Trust Company failed in December 1922, and was reorganized few days later under the name Crowley Trust & Savings Bank. SHOOT AT HOUSTON Houston, Texas, Feb. events of 25 targets each were on the program of the sunny south trapshooting tournament here today. Weather conditions were excellent. E. Woodward, of Houston, has the high average for the two preced ing days of shooting. By smashing 393 of possible 400 targets Monday and Tuesday he has attained percentage of .9825. Mark Arie, of Champaign, Ills., is one bird behind. The meeing ends tomorrow with the usual handicap event.