Guaranty Bank & Trust Company (Kosciusko, MS)

Episode Information

Episode UID
85051671563
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
trust
Bank ID
8505167 routing
Routing Number
85-0516
Start Date
March 1, 1930*
Location
Kosciusko, Mississippi (33.058, -89.588)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2a3ac35b95107ea4

Response Measures

None

Description

RFC lists in 1932 identify the bank as in receivership.

Events (2)

1. March 1, 1930* Run
Cause Details
Small, unspecified local run that was checked by intervention of other banks; bank reopened next morning.
Measures
Other local banks came to the rescue; bank opened as usual next morning.
Newspaper Excerpt
According to the Kosciusko Star a small run was made on the Guaranty Bank & Trust Company of that city last Friday, which threatened to be serious for a time. But level heads managed to get it checked before anything serious happened. The other Banks came to the rescue, and all depositors who wanted their money got it promptly. The Bank opened as usual next morning, and everything is going smoothly.
Source
newspapers
2. October 7, 1932 Receivership
Newspaper Excerpt
Kosciusko, Guaranty Bank & Trust Company (receiver) $42,500.
Source
newspapers

Newspaper Articles (3)

Article from The Winston County Journal, March 7, 1930

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Article Text

AGENTS WANTED MAN OR WOMAN WANTED with ambition and industry, to introduce and supply the demand for Rawleigh's Household Products to steady users. Fine openings near you. We train and help you. Rawleigh Dealers make up to $100 a week or more. No experience necessary. Pleasant, profitable, dignified work. Write to-day, W. T. Rawleigh Co., Dept. MS-7353, Memphis, Tenn. 10-2tpd RUN ON BANK According to the Kosciusko Star a small run was made on the Guaranty Bank & Trust Company of that city last Friday, which threatened to be serious for a time. But level heads managed to get it checked before anything serious happened. The other Banks came to the rescue, and all depositors who wanted their money got it promptly. The Bank opened as usual next morning, and everything is going smoothly. ERROR IN TAX LIST The following names were erroneously advertised in the delinquent poll tax list: Phillip Peters, Mrs. Walter Patterson, R. S. Clark, Mrs. R. S. Clark, H. C. Goodin, Mrs. H. C. Goodin, J. B. Jones, J. J. Pearson, Mrs. J. J. Pearson, H. H. Childs, Mrs. M. C. Frazier, J. H. McCool, J. R Wright ,D. A. Kinard, Mrs. D. A. Kinard, E. R. Baine, A. S. Holder, W. C. Kitchens, W. A. Young, Walter Hemphill, J. M. Bagwell, W. S. Clark, Mrs. W. S. Clark, R. W. Cockrell, R. A. Hill. C. C. McNEEL, Sheriff & Tax Col. STRAYED One light Jersey cow with curled horns, weight 650 lbs. Split in right ear. Also one cream colored heifer, about two years old, weight 300 lbs. Reward offered. HOLLY CLEMONS, 1tpd RFD 6, Louisville. CHURCH SERVICES Regular morning services will be held at the Presbyterian Church U. S. A., Sunday March 9th. The Pastor will speak on "Unloading Our Cares." No evening service will be held and our people are encouraged to attend services at the Methodist Church. C. P. THRAILKILL enjoyed Mrs. Mitchell's hospitality. The hostess greeted her guests in her most cordial manner and ushered them into th lovely living room, where her charming little daughter Bobbie Lee, passed the tallies. Four most exciting games of Bridge were played; at the close of which Mrs. A. W. Johnson took the score, and Mrs. Mitchell let all cut for consolation. High score was won by Miss Nannie Woodward and the hostess presented her with a beautiful linen luncheon set. Mrs. N. S. Fox won the consolation prize, which was a lovely piece of Rookwood Pottery. Mrs. Mitchell, assisted by Mesdames A. W. Johnson, Joe Mitchell, William Kirkpatrick, served a most delightful salad course. Mrs. Mitchell had as guests besides club members, Madames Frank Reich, William Hight, De- lores McDougall, Paul Chamber- lain, William Kirkpatrick, Chas. Blue, James F. Chaney, Joe Mitchell, Lena Jamison, H. D. McKay, Fred Mitchell, and Miss Meyers. REPORTER. Five of the most beautiful students on the campus of Mississippi State College for Women, at Columbus, appeared in the leading roles of "Smilin' Thru," the Theatre Guild production which was dedicated to Miss Nellie S. Keirn, dean and acting president supported by Miss Marion King, of Greenwood; Hazie Rodgers, of Louisville; Margaret Stovall of Jackson, and Miriam Gwin, of Lexington. of the college on Feb. 28. If you miss any brass of walse come and see me and will 8-22t show Miss Ella Edmonds of Biloxi, you. had the leading role, and was ED OWEN. WOODWARD-HIGGASON Nat Lee Woodward and Miss Cammie Higgason were married Saturday at the Presbyterian Manse, Rev. C. P. Thrailkill officiating. NOTICE OF TRUSTEE SALE By virtue of the authority vested in me as trustee by that certain Trust Deed, executed by John Jones and wife Lizzie Jones, on April 5, 1928, to secure an indebtedness of $3083.00 due to H. J. Hancock on November 1st, 1928, which Trust Deed was duly and legally assigned to E. P. and W. D. Donald, and which appears of record in the Chancery Clerk's office of Winston County, Mississippi, in Trust Deed Book 97, at page 5, and which Trust Deed and Note is long since past due, and I as trustee, having been requested, will as trustee, offer for sale and sell to the highest and best bidder for cash in front at the North door of the Court House in Louisville, Mississippi, within legal hours, on Monday the 31st day of March, 1930, the following described property. mentioned in said Trust Deed, to-wit: SW1-4 of NW1-4 and SE1-4 of Section 33, Township 13, Range 14, East, in Winston County, Mississippi. Said sale will be made for the purpose of satisfying the said Trust Deed and the cost of executing this Trust. Witness my signature this the 25th day of February, 1930. SPINKS HANCOCK. 10-4t Trustee.


Article Text

R. F. C. Loan Figures Are Made Public Continued from Page One) Gibbsland. First National Bank in Gibbaland $16,000 Houma. Bank of Terrebonne & Trust Company $200,000 Independence Bank & Trust Company $110.000 Janesboro, Jackson Parish Bank, Kaplan, Kaplan State Bank, Lake Providence Lake Providence Natehtoches Exchange Bank of Natchitoches, and Farmers Bank grepaid in full New Orleans. Interstate True Banking Company $178,375.50 Paincourty Bank of PaincourtPonchatoula Ponchatouia Bank & Trust Company $40.000. Saint Joseph. Bank of St. Joseph & Trust Company. $45,000 St. Martinville Bank of St Mar. unville. $11.000 Springhill Commercial Bank Trust Company $20,000 Mississippi Biloxi. Peoples Bank, $20,000 Booneville Bank of Booneville 315.40 Greenwood Greenwood Savings Bank (receiver) $140.000 Gulfport. First National Bank in Kosciusko. Guaranty Bank & Trust Company (receiver) $42.500. Kosciusko, Koscrusko Bank $47,Lauderdale Lauderdale State Meadville Bank of Franklin $17,379.85 Olive Branch, Bank of Olive Sallis Sallis Bank (receiver) Tunica Planters Bank $59.965 Tupelo. Citizens State Bank, $39,014.23 Building and Loan Associations Louisiana Minden. the Minden Building & Loan Association. $24,871. Insurance Companies: Louisiana: New Orleans, Union Indemnity Co., Mortgage Loan Companies: Louisiana Shreveport Abraham Lincoln Home Founding Co., Inc., $10,000.


Article Text

LOANS MADE COAST BANKS (Continued from first page) obtained a loan from the Reconstruetion Finance Corporation. "The publication of the July report of the Reconstruction Finance Corporation, during the month of August, did not have the bad effect upon the banks as predicted by the opponents of the provision. "This is shown by the greatly decreased number of bank suspensions that have occurred since the report was published. "During the month of July there were 131 suspensions. During the month of August 85 suspensions; and during the month of September 63 suspensions, XXX "All of the other objections raised in the brief as to the wisdom of policy of requiring public monthly report of the corporation's activities were presented to Congress by the corporation or other persons before the act was passed." The report itself showed that a considerable number of loans which were authorized during August were withdrawn or cancelled in full, including authorizations to 35 banks and trust companies aggregating $2,631,571. Bank and trust companies in Mississippi received loans as follows: Biloxi, Peoples Bank $20,000: Booneville, Bank of Booneville, $84,500 Clinton, Bank of Clinton $31,315.40 Greenwood, Greenwood Savings bank (receiver) $140,000. Gulfport, First Natonal Bank in Gulfport (receiver) $280,000; Kosciusko, Guaranty Bank and Trust Co. (receiver) $42,500; Kosciusko Bank $47,795.20; Lauderdale, Lauderdale State Bank $7,000: Meadville, Bank of Franklin $17,379.85 Olive Branch, Bank of Olive Branch. $30,000 Sallis, Sallis Bank (receiver) $43,500; Tunica, Planters Bank $59,965 Tupelo, Citizens State Bank $39,014.23. The Interstate Trust and Banking Co., of New Orleans received a loan of $178,275.25. INSURANCE COMPANIES Birmingham, Lincoln Reserve In surance Co., $66,200. New Orleans, Union Indemnity Co., $400,000.