Bank of Zwolle - Zwolle, LA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1926*
Location: Zwolle, Louisiana (31.632, -93.644)

Metadata

Model: gpt-5-mini
Short Digest: 5451188c

Response Measures

None

Description

The article (The Times, Shreveport, 1926-05-11) states that the Rayville State Bank 'closed 1926' and that directors and stockholders made efforts to raise funds and pay off depositors. There is no explicit description of a depositor run in the excerpt; the bank appears to have suspended and remained closed/being wound up. OCR errors in the article were corrected for readability.

Events (1)

1. January 1, 1926* Suspension

Cause: Voluntary Liquidation
Cause Details: Directors and stockholders attempted to raise funds to pay depositors; bank closed in 1926 and efforts made to liquidate/pay off deposits per article.
Newspaper Excerpt: The Rayville State bank. of Ray. closed 1926, board Efforts by its directors and stockfunds and pay off all
Source: newspapers

Newspaper Articles (1)

1. May 11, 1926 The Times Shreveport, LA

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Article Text

STATE BANKS IN GOOD SHAPE (Continued from Page than one and is year ago, cent the The important items submitted: Increase changes affecting Louisiana the period ended April 12, 1926, follows: Mergers and Consolidations Assumption merged the of the January Bank Thibodeaux and Trust was January Central Bank and Trust comand Hessthe February The the branch branches the named institu- "The Bank of Zwolle closed March 1926, an its the March 10. and care and depositors. The affairs of said bank were then over by the State which bank now operates business at Zwolle as a branch "The Bank St. Rose of St. Rose was by the State Bank author ized March Banks Closed. "The Pointe Trust and ings bank New Roads failed January 15, 1926. The directors ordered its operation suspended bethe and the state charge affairs. Heavy appears have occurred after notice was given stockholders the bank calling good of capital stock impairment of the capital stock largely the result large and rice adverse those the was and the the Morgan and Ferd appointed special agent and attorney, respecCrowley Trust and Savings January During the several ears interests that devoted most the growing one crop have experienced As consequence the meet the demands able of depositors and state its An filed the and Philip Pugh have special The Bank of was able to obtain sufficient support make its rectors. March concluded They obtaned pay all full and will go into voluntary "The Rayville State bank. of Ray. closed 1926, board Efforts by its directors and stockfunds and pay off all and other "The Bank and Trust closed 1926 re-opened January Its caused deposits into bank veloped found was unprepared to sudden and extremely heavy withdrawals of and directors ordered closed and the banking department charge affairs. the commissioner, by several directors and stock holders the Their investiindicated the to gation vent. The board of re-organized holders 12 new The bank then authorized to rethe date mentioned. Meadow branch of the Bank Lockport and Trust was discontinued March and its business the main of the Banks Authorized "The Rose, with $35,000 and paid surplus $7,000 to begin business March 1926 Bank of St. Rose. authority to issued March bank $50.000 and paid in surplus of $10,000. Bank of of capital $50,000 to begin March Whitney Central Trust and Savings open branch office the Jung hotel the city New Orleans, known their "Canal Street Branch The Sabine of Many was March 10. the the Bank Zwolle that date. The Gretna Trust Savings bank of Gretna, was authorized branch fice 1926. The 15, Bank and New D. Canal street, the city of New the Louisiana for toll the and old Trail, will be within of Port and John of working on governor's read in both houses Tues