Citizens Bank - New Orleans, LA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 15, 1927
Location: New Orleans, Louisiana (29.955, -90.075)

Metadata

Model: gpt-5-mini
Short Digest: dfede7c6

Response Measures

None

Description

Article (Chattanooga Daily Times, 1927-03-15) reports that several banks did not open today and states Officials of the Citizens bank expressed their determination to close ... when open again, indicating a temporary suspension (banks closed for the day and quieting statements issued). There is no explicit mention of depositor runs, receivership, or permanent closure. OCR is noisy; wording like 'close Orleans now hereafter.' appears garbled but context implies temporary closure/suspension and intent to reopen.

Events (1)

1. March 15, 1927 Suspension

Cause: Rumor Or Misinformation
Cause Details: Banks did not open today and state banking officials issued quieting statements, implying closures were driven by public nervousness/rumors rather than insolvency.
Newspaper Excerpt: The First National bank ... were the other banks which did not open today ... Officials of the Citizens bank expressed their determination to close Orleans ... when open again
Source: newspapers

Newspaper Articles (1)

1. March 15, 1927 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, March 15, 1927

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Article Text

SPRING WEATHER COMES FOR ELECTION Temperature Reaches 67.5 and Mild Breezes Blow. With the "fair and warmer" flags again floating in mild breeze. Chattanoogans yesterday returned normal weather with relief. Total 6.04 inches fourteen days of March has booted the prices of and overshoes no little. The river to fall yesterday, dropping 2.8 feet in twentyfour hours. Yesterday's 1.38 inches of rainfall contributed to an approximatefour-foot rise in the river crest. which reach Chattanooga within the next forty-eight hours. Balmy conditions brought out horde juvenile baseball fans have been compelled to abandon spring practice on local sand lots dur last days. no time did the temperature become although the touched 67.5 o'clock. At o'clock morning the reached its minimum the hours. touching before beginning its up swing. Indications. March are and warmer Tuesday: Wednesday increasing cloudiness Tuesday Wednesday: Wednesday Temperatures, Rainfall. (Observations Taken Meridian March 14. Local Report. 90th Meridian Time. United Weather Bureau. March bulb) bulb) Clear Humidity (per cent.) Lowest temperature (degrees) Highest (inches) temperature this date last year Humidity (feet) (feet) Thermometer Readings. The First National bank. of Lake Worth, and the Ocean City bank, of Delray. were the other banks which did not open today No official stateMax Min. ment was issued regarding their closbanking officials here and at Tallabassee issued quieting statements calling upon the patrons of banks to give their institutions "proper cooperation, and assuring depositors that banks which have remained Angeles open will be able to meet every deOfficials of the Citizens bank expressed their determination to close Orleans "now hereafter.' bank will be even stronger than Francisco now when open again,' officers and directors the Farmers Bank and Trust company said after an all-night Chicago meeting, which it was decided to RIVER BULLETIN. close the institution. STATIONS. Tenn. Pool Pool Stages: River Forecast. The river probably