9743. Century Banking Company (Jackson, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 10, 1912
Location
Jackson, Mississippi (32.299, -90.185)

Metadata

Model
gpt-5-mini
Short Digest
03be277822bb5318

Response Measures

None

Description

Officers filed a deed of assignment placing the bank in the hands of receivers and requesting liquidation (voluntary). No article mentions a depositor run. A surety company paid municipal funds later. Dates from newspapers: receivership reported 1912-07-10; surety payment reported 1912-08-24.

Events (2)
1. July 10, 1912 Receivership
Newspaper Excerpt
CENTURY BANKING CO. IN RECEIVERS' HANDS Jackson, July 10-The Century Banking Company has been placed in in the hands of receivers by the officers of the company, who filed a deed of assignment to Judge T. E. Cooper and W. H. Anderson, with request for liquidation of its affairs.
Source
newspapers
2. August 24, 1912 Other
Newspaper Excerpt
JACKSON RECOVERS FROM DEFUNCT BANK Jackson, Aug. 24.-L. Yerger & company, local agents of the Southwestern Surity company, have paid into the city treasury the sum of $4,430.53... being the portion of the municipal funds on deposit with the Century Banking company when that institution went into the hands of a receiver.
Source
newspapers

Newspaper Articles (2)
1. July 10, 1912 The Hattiesburg News Hattiesburg, MS
Article from The Hattiesburg News, July 10, 1912

Click image to open full size in new tab

Article Text

CENTURY BANKING CO. IN RECEIVERS' HANDS Jackson, July 10-The Century Banking Company has been placed in in the hands of receivers by the officers of the company, who filed a deed of assignment to Judge T. E. Cooper and W. H. Anderson, with request for liquidation of its affairs. June 14 the bank made statement of its condition to the Auditor, showing assets and liabilities of $65,553.48. Of this $25,000 was capital paid in, $30,255.02 was individual deposits subject to check, $4,806 times certificates of deposit, savings deposits $2,545.11. The loans and discounts amounted to $41,905.47, real estate $8,918.48, furniture and fixtures $4,921.32, due from other banks $4,767.63. V. Otis Robertson was president, John W. Saunders assistant cashier.

2. August 24, 1912 The Hattiesburg News Hattiesburg, MS
Article from The Hattiesburg News, August 24, 1912

Click image to open full size in new tab

Article Text

JACKSON RECOVERS FROM DEFUNCT BANK Jackson, Aug. 24.-L. Yerger & company, local agents of the Southwestern Surity company, have paid into the city treasury the sum of $4,430.53, with interest of $33.00, being the portion of the municipal funds on deposit with the Century Banking company when that institution went into the hands of a receiver.