Grundy County Bank (Tracy City, TN)

Episode Information

Episode Type
Suspension → Closure
Start Date
December 31, 1904
Location
Tracy City, Tennessee (35.260, -85.736)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
471304149
Model
gpt-5-mini
Short Digest

Events (2)
1. December 31, 1904 Suspension
Cause
Government Action
Cause Details
President requested sheriff to close the bank; sheriff acted and a receiver was named.
Newspaper Excerpt
At the request of the president, W. N. Byers, the sheriff closed the institution.
Source
newspapers
2. December 31, 1904 Receivership
Newspaper Excerpt
C. H. Garner has been named as receiver.
Source
newspapers

Newspaper Articles (2)
1. January 5, 1905 Sequachee Valley News Sequatchie, TN
Article from Sequachee Valley News, January 5, 1905

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Article Text

BANK IS CLOSED. Sheriff of Grundy County Takes Action At Request of President. Tracy City, Dec.-31. This place has been thrown into great excitement by the closing of the doors of the Grundy county bank. At the request of the president, W. N. Byers, the sheriff closed the institution. C. H. Garner has been named as receiver. It is not known here what the outcome will be, but it is said that the assets will more than double the liabilities. Some of the best business men in Tracy City were depositors and a gloomy feeling pervades the community. The bank was a state depository, containing $3,200 of the State's funds. The state is secured by a bond of $5,000, which has been certified as solvent by the county clerk and clerk and master. The institution was a state bank.

2. January 13, 1905 Lawrence Democrat Lawrenceburg, TN
Article from Lawrence Democrat, January 13, 1905

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Article Text

Settled With Mrs. Folk. Bondsmen of the Grundy County Bank, of Tracy City, which suspended a few days ago, with $3,200 of the State's money on deposit, have settled with the State treasurer. The money was transmitted to the Bank of Winchester.