Bank of Minden - Minden, LA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 15, 1930
Location: Minden, Louisiana (32.615, -93.287)

Metadata

Model: gpt-5-mini
Short Digest: 7b5e9c04

Response Measures

None

Description

Article (AP dispatch dated Dec 15, 1930) reports the Bank of Minden was closed by its board for reorganization and placed in the hands of the state banking department. There is no mention of depositor runs or a receivership in this excerpt, so this is classified as a suspension (government action) with no reported run and no evidence of permanent closure in the provided text.

Events (1)

1. December 15, 1930 Suspension

Cause: Government Action
Cause Details: Board of directors closed the bank for reorganization and placed affairs in hands of the state banking department
Newspaper Excerpt: MINDEN, La., Dec. 15 (AP) notice on the doors of the Bank of aid the institution had been closed by the board of directors for reorganization of the bank's affairs, which were being placed in the hands of the state banking department
Source: newspapers

Newspaper Articles (1)

1. December 16, 1930 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, December 16, 1930

Click image to open full size in new tab

Article Text

BANK OF U.S. ASSOCIATES IN EQUITY RECEIVERSHIP NEW YORK. Dec. 15 (AP) The securities affiliate of the Bank of the United States. and the City corporation, controlled by the Bankus company. placed in receivership today by Federal Judge Woolsey Bank of United States, which closed and was taken by the state banking department last week, was $14,000,000 to $18,000,000 against the Bankus corporation. The Irving Trust company named receiver for both corporations Bank Suspensions. N. C., Dec. 15 (AP) Farmers and Traders bank at Weaverille failed to open this morning. The board of directors said the action was taken to conserve the assets for protection of depositors. The bank had resources of $408.000 and deposits of MINDEN, La., Dec. 15 (AP) notice on the doors of the Bank of aid the institution had been closed by the board of directors for reorganization of the bank's affairs, which were being placed in the hands of the state banking department,