9648. Bank of Batesville (Batesville, MS)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
December 17, 1931
Location
Batesville, Mississippi (34.311, -89.944)

Metadata

Model
gpt-5-mini
Short Digest
a9733975bb92e8b9

Response Measures

None

Description

Article 1 (Dec 17, 1931) reports a run on the Bank of Batesville and that the bank closed and was taken charge of by the State Bank Superintendent (failure). Article 2 (Mar 1932) reports the bank reopened under a plan allowing staged withdrawals. Cause of the initial run is not specified in the text, so classified as 'other'.

Events (3)
1. December 17, 1931 Run
Cause Details
Article notes a run occurred but gives no specific trigger or rumor; immediate cause not described.
Measures
Bank closed and was taken charge of by State Bank Superintendent Love.
Newspaper Excerpt
The Bank of Batesville, at Batesville, Miss., ... closed doors and were taken charge of by State Bank Superintendent Love, after run on the Batesville bank.
Source
newspapers
2. December 17, 1931 Suspension
Cause
Government Action
Cause Details
Bank closed and was placed in charge of the State Bank Superintendent after the run; described as failed.
Newspaper Excerpt
closed doors and were taken charge of by State Bank Superintendent Love ... The Bank of Batesville failed.
Source
newspapers
3. March 1, 1932* Reopening
Newspaper Excerpt
The Bank of Batesville and its branch ... reopened under unique plan ... Depositors may withdraw 20 per cent the first year; ... and 40 per cent after third [year].
Source
newspapers

Newspaper Articles (2)
1. December 18, 1931 The Tennessean Nashville, TN
Article from The Tennessean, December 18, 1931

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Article Text

Mississippi Bank and Its Subsidiary Close JACKSON, Miss., Dec. 17-(P)The Bank of Batesville, at Batesville, Miss., and its subsidiary, the Bank Hope, at Hope Miss., temclosed doors and were taken charge of by State Bank Superintendent Love, after run on the Batesville bank. Superintendent Love declined to comment on the bank, or give any financial figures. "The Bank of Batesville failed. It isn't news any more" was his only remark. The statement on state banks issued yearly by the state banking department shows that the Bank of Batesville had capital stock of $35,000, surplus fund of $20,000 and resources of approximately $500, 000. Walter Pipkin was president and C. S. Smith vice-president.

2. March 15, 1932 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 15, 1932

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Article Text

SOUTHERN BANK REOPENS. Batesville, Miss. March The Bank of Batesville and its branch, the Bank of Pope, at Pope, Miss., closed for opened unique plan operation. Under depositors, accounts will be left the Depositors may withdraw 20 per the first year; second, another after third. and 40 per cent