Peoples State Bank (Mitchellville, TN)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 1, 1924
Location
Mitchellville, Tennessee (36.632, -86.541)
Bank Type
state
Routing Number
87-0583

Metadata

Episode ID
Bank ID
City ID
471306760
Model
gpt-5-mini
Short Digest

Events (2)
1. October 1, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier L. N. Moore disappeared shortly before the bank closed, implying internal trouble possibly involving misappropriation or insolvency.
Newspaper Excerpt
The bank ... has been closed since October 1, shortly after the departure of Moore.
Source
newspapers
2. October 11, 1924 Receivership
Newspaper Excerpt
Judge Joseph W. Stout ... appointed S. S. McConnell, state superintendent of banking, as receiver to take over and wind up the affairs of the Peoples' State Bank at Mitchellville, Sumner county, Tenn.
Source
newspapers

Newspaper Articles (2)
1. October 11, 1924 The Leaf-Chronicle Clarksville, TN
Article from The Leaf-Chronicle, October 11, 1924

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Article Text

STOUT APPOINTS BANK RECEIVER

McCONNELL WILL TAKE OVER OF INSTITUTION AT MITCHELLVILLE, SUMNER COUNTY.

Judge Joseph W. Stout, of the Sixth Chancery Division of Tennessee, this afternoon, upon application presented by H. L. McGlothlin, of Gallatin, Tenn., appointed S. S. McConnell, state superintendent of banking, as receiver to take over and wind up the affairs of the Peoples' State Bank at Mitchellville, Sumner county, Tenn. L. N. Moore, cashier of the bank, who recently disappeared, has been arrested, it is said, in Jacksonville, Fla., and will be returned to Gallatin. The bank, which had a capital stock of $7,500, has been closed since October 1, shortly after the departure of Moore.

2. October 12, 1924 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, October 12, 1924

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Article Text

APPOINTS BANK RECEIVER

Petition Filed In Court Against Peoples Bank In Tennessee.

CLARKSVILLE, TENN., Oct. 11.—Judge Joseph W. Stout, of the sixth chancery division of Tennessee this afternoon, upon application presented by H. L. McGlothin, of Gallatin, Tenn., appointed S. S. McConnell, state superintendent of banking, receiver to take over and wind up the affairs of the People's State Bank at Mitchellville, Sumner county, Tenn.

L. N. Moore, cashier of the bank who recently disappeared has been arrested it is said in Jacksonville, Fla., and will be returned to Gallatin. The bank had a capital stock of $7,500 and has been closed since October 1, shortly after the departure of Moore.