9673. Planters Bank (Clarksdale, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
December 30, 1930
Location
Clarksdale, Mississippi (34.200, -90.571)

Metadata

Model
gpt-5-mini
Short Digest
d67e5a23aa44c611

Response Measures

None

Description

Articles state the Planters Bank of Clarksdale closed on December 30 and refer to a receiver (F. Rawlings) handling assets and suing on notes. No article describes a depositor run; the bank was closed and placed in receivership, so classification is a suspension leading to permanent closure/receivership.

Events (3)
1. December 30, 1930 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership; federal judge's actions and receiver handling assets indicate closure by regulatory/receivership process
Newspaper Excerpt
the Planters' Bank closed on December 30
Source
newspapers
2. February 20, 1931 Receivership
Newspaper Excerpt
RECEIVER MAY SELL BONDS ... Rawlings, the National Bank receiver ... was authorized the bonds ... by Judge Edwin Holmes ... was placed on the minutes the delta division of United States district court yesterday, Rawlings, the Receiver was authorized to sell the bonds ... before the Planters' Bank closed on December 30 as repurchase agreement. (Clarion-Ledger, 1931-02-21). (OCR-corrected excerpt). ) , cause: null, cause_details: null, random_run: null, random_run_snippet: null, measures: null , event_type: receivership}
Source
newspapers
3. September 18, 1931 Other
Newspaper Excerpt
F. Rawlings, receiver of the Planters Bank of Clarksdale, has filed suit ... for $500 on their note ... (Shreveport Journal, 1931-09-18). (OCR-corrected excerpt). ) , cause: null, cause_details: null, random_run: null, random_run_snippet: null, measures: null , event_type: other}
Source
newspapers

Newspaper Articles (3)
1. February 21, 1931 Clarion-Ledger Jackson, MS
Article from Clarion-Ledger, February 21, 1931

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Article Text

RECEIVER MAY SELL BONDS CLARKSDALE, Feb. der signed by Judge Edwin Holmes of Yazoo City, federal tudge for southernd ivision of Mississippi, was placed on the minutes the delta division of United States district court yesterday, Rawlings, the Natitonal Bank pay the Union Planters bonds chased that institution before the Planters' Bank closed on December 30 as repurchase agreement. The receiver was authorized the bonds the First SecuriBank of Memphis at $213,500.

2. September 18, 1931 The Shreveport Journal Shreveport, LA
Article from The Shreveport Journal, September 18, 1931

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Article Text

Bank Receiver Sues Bilbo on Note For $500 Press.) BILOXI, Miss., Sept. 18 F. Rawlings, receiver of the Planters Bank of Clarksdale, has filed suit in federal court here Gov. Theo Bilbo and Linda A. Bilbo for $500 on their note to the bank dated Sept. 26, 1926, for one year. drawing per cent interest, with attorney's fees provided in the note. It is alleged that no part of the note has been paid. The case is returnable, Feb. 15. WOMAN KILLED BY RAM. Press.) Sept. 18.Mrs. Mallie Jones, 84, was injured fatally today when a large ram at tacked her on farm near here. She was knocked down and her leg broken in three places. She lalso suffered about the h and face, dying 30 minutes later.

3. September 19, 1931 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, September 19, 1931

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Article Text

BANK RECEIVER SUES BILBO FOR $500 NOTE the Planters Bank of Clarksdale, has filed suit in federal here against Theo Bilbo Linda Bilbo for the dated 26. 1926, one year, with attorneys' provided the note. alleged that part of the note has been paid. The case is returnable February 15.