Citizens Bank (McHenry, MS)

Episode Information

Episode UID
85044671565
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8504467 routing
Routing Number
85-0446
Start Date
May 22, 1930
Location
McHenry, Mississippi (30.708, -89.138)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a9a04daf017317d5

Response Measures

None

Description

Article states the bank suspended operations on May 22, 1930 and later legal action refers to the bank as closed.

Events (1)
1. May 22, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and county funds were lost with no record of securities, indicating insolvency/mismanagement.
Newspaper Excerpt
the bank suspended operation.
Source
newspapers

Newspaper Articles (2)
1. May 21, 1932 Hattiesburg American Hattiesburg, MS

Article Text

SUPERVISORS AND SURETY HELD LIABLE Civil Suit in Stone Circuit Court Ends in Victory for County WIGGINS, May 21.—(Special)—The Stone county board of supervisors and their surety, the United State Fidelity and Guaranty company, were held accountable in a civil suit decided late Friday in circuit court here, for the loss of Stone county funds, deposited in the Citizens Bank of McHenry during the year 1929 and to May 22, 1930, when the bank suspended operation. The decision of the jury came on peremptory instructions by Judge Walter A. White, after an all-day examination of witnesses for the county by District Attorney W. M. Colmer, and cross-examination by U. B. Parker, counsel for the supervisors and the surety company. Mr. Parker made repeated objections to questions asked by the district attorney, most of which were overruled by the judge. Carlton Sparks, clerk in the McHenry bank at that time, and Chancery Clerk Floyd McHenry, as

2. May 21, 1932 Hattiesburg American Hattiesburg, MS

Article Text

Carlton Sparks, clerk in the McHenry bank at that time, and Chancery Clerk Floyd McHenry, as custodian of the board of supervisors' records, were the chief witnesses Thursday afternoon. This testimony was continued Friday. These records disclosed that the Citizens Bank of McHenry was used as a depository for Stone county funds, showing the amounts deposited, and a balance of $54,901.15, at the time the bank closed its doors. No record of any securities for these funds were found by the chancery clerk. O. E. Batson, who was sheriff at that time, was called to identify receipts for deposits made each (Continued on Page Eight)