Contemporary reports (Aug 10, 1906) state the failure of the Scranton State Bank and that its fall brought down with it the banks at Moss Point and Ocean Springs, which were branches of the Scranton institution. No run is mentioned; the branches were closed as a consequence of the parent bank's failure and the Scranton bank was placed in receivership. Date taken as publication date (1906-08-10).
Events (2)
1.August 10, 1906Receivership
Newspaper Excerpt
The Scranton State Bank closed its doors and was placed in the hands of a receiver. The Scranton bank, in its fall, also brought down with it the banks at Moss Point and Ocean Springs, which were branches of the Scranton institution.
Source
newspapers
2.August 10, 1906Suspension
Cause
Correspondent
Cause Details
Failure and receivership of the Scranton State Bank (parent institution), which brought down its Moss Point branch.
Newspaper Excerpt
The Scranton State Bank closed its doors and was placed in the hands of a receiver. The Scranton bank, in its fall, also brought down with it the banks at Moss Point and Ocean Springs, which were branches of the Scranton institution.
Source
newspapers
Newspaper Articles (2)
1.August 10, 1906The CommonwealthGreenwood, MS
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Article Text
Three Banks Close. The Scranton State Bank closed its doors and was placed in the hands of a receiver. The Scranton bank, in its fall, also brought down with it the banks at Moss Point and Ocean Springs, which were branches of the Scranton institution.
2.August 10, 1906The Tupelo JournalTupelo, MS
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Article Text
Three Banks Close. The Scranton State Bank closed its doors and was placed in the hands of a receiver. The Scranton bank, in its fall, also brought down with it the banks at Moss Point and Ocean Springs, which were branches of the Scranton institution.