Arkansas Trust Company (Newport, AR)

Episode Information

Episode UID
81011271571
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
8101127 routing
Routing Number
81-0112
Start Date
November 17, 1930
Location
Newport, Arkansas (35.627, -91.235)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ac4bb1a3b0421dac

Response Measures

None

Description

Suspension was part of a coordinated five-day closing after Caldwell & Company was placed in receivership.

Events (1)

1. November 17, 1930 Suspension
Cause
Correspondent
Cause Details
Affiliation with Caldwell & Company which was placed in receivership, prompting a coordinated five-day suspension announced Nov. 17, 1930
Newspaper Excerpt
the others are comparatively small ... Arkansas Trust Co. Newport; ... suspended business today for five days
Source
newspapers

Newspaper Articles (2)

Article from Hope Star, November 17, 1930

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Article Text

Four Million Withdrawn Suspension By Others CALDWELL B. Banks Takes Out, But Excited lic Suspension BY the Bank of Fordyce, and the change Bank mott, Monday brought the suspended Banks institutions Telephone advices the United Press from Fordyce Bank Fordyce opened ness Monday morning, on deposits forced its Co. Monday Arkansas with which suspended Monday depositors period Seven other affiliated open. The company from nine other banks tion they are taking. banks in the group The suspended Bank of Altheimer; North Bank of Batesville; Bank Benton Bank Trust State Bank Carlisle; Bank of thage; Bank of Carlisle; Bank Hampton State Bank; Heber County Bank Heber Springs; Merchants Planters Bank Helena; Houston; Cleveland County Kingsland; Chicot Trust Village; American Exchange Little Rock: First State Bank Morrilton; Arkansas Trust Co. Newport; Bank Pangburn; Perry State Merchants Planters Bank Trust Co. of toria Bank of Strong; First State Bank Stuttgart; Citizens Bank Bank Wabbaseka; First Bank of Junction City: Planters Bank Junction Eudora Bank Trust Grant County Bank of Sheridan: First Banks Osceola; Arkansas Bank Trust Hope. Largest Bank in State The of the American change the state, late Sunday night, suspend Monday and period of five days, resulted closing the other Banks president change Bank and interested in six others in the state. With the exception of the American Exchange Bank here, the Merchants Planters Trust Co. Pine Bluff, the Merchants Planters Bank Helena, the others are comparatively small Harrison, of the Banks company. said that he expected least half" of the closed banks reopen. The temporary closing of the Americar Exchange Little Rock mitted under state law, attributed public histeria, resulting from the placing Caldwell Co., of (Continued On Page Four)


Article from New Britain Herald, November 17, 1930

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Article Text

THIRTY ARKANSAS BANKS CLOSED 5 DAYS BY ORDERS (Continued From First Page) could have forced the closing of this strong bank." Soon after Caldwell & Company was placed in receivership, Mr. Banks anounced the Caldwell & Company's interest in the American Exchange Trust Company had been bought by Little Rock capitalists. The Pine Bluff bank was the second largest in the group and the Helena institution the third largest Banks was a director and a former president of the bank. The American Exchange Trust Company in Little Rock had deposits of approximately $15,000,000 OD September 24, the date of the last bank call. The Pine Bluff bank on September 24 had deposits of approximately $2,638,000 and the Helena bank at the close of business Saturday had deposits of $726,000. officials said. List of Institutions The banks in which Mr. Banks and assistants are interested and which suspended business today for five days were announced by the company as follows: The bank of Altheimer, Altheimer: North Arkansas Bank. Batesville; Bank of Bauxite, Bauxite; Benton Bank and Trust Company, Benton: Arkansas State Bank, Carlisle; Bank of Carthage, Carthage; Farmers Bank, Casa: Bank of Clarendon, Clarendon: Farmers Bank, Dardanelle: Hampton State Bank, Hamnton: Cleburne County Bank. Heber Springs: Merchants and Planters Bank, Helena; Bank of Houston, Houston: Merchants and Planters Bank, Hunphrey: Cleveland County Bank. Kingsland; Chicot Trust Company, Lake Village: AmericanExchange Trust Company, Little Rock: First State Bank, Morrilton: Arkansas Trust Company, Newport: Bank of Pangburn. Pangburn: Perry State Bank, Perry: Merchants and Planters Bank and Trust Company, Pine Bluff: Bank of Star City, Star City: Victoria Bank, Strong: First State Bank. Stuttgart: Citizens Bank Thornton. and Bank of Wabbaseka Wabbaseka; The Arkansas Bank and Trust Co., Hope: Peoples Bank McRea: and the Endora Bank and Trust Co., Endora. The following banks affiliated with the A. B. Banks and Company remained open for business, the company announced: The Bank of Fordyce and the First National Bank, Fordyce; Bank of Harrisburg, Harrisburg: First National Bank, Mineral Springs: Bank of Stephens, Stephens, and Bank of Waldo, Waldo. Efforts were being made at Junction City to merge the first National Bank and the Merchants and Farmers Bank. and open one of them today, officials said.