9852. Bank of Sallis (Sallis, MS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 22, 1930
Location
Sallis, Mississippi (33.022, -89.765)

Metadata

Model
gpt-5-mini
Short Digest
c81763dc0e0cc3d9

Response Measures

None

Description

Multiple contemporaneous reports (Nov 22–24, 1930) state the Bank of Sallis failed to open for business / failed in Attala County, Mississippi, with estimated deposits $75,000–$80,000 and resources about $200,000. No article describes a depositor run or specific cause; the superintendent of state banks announced the closing. OCR shows 'Attalla' (should be Attala county). No receiver explicitly mentioned in the excerpts, but the bank is reported closed/failed, so classified as a suspension leading to closure.

Events (2)
1. November 22, 1930 Suspension
Cause Details
Articles report the bank 'failed to open for business' and were announced by the state superintendent; no specific cause (insolvency, run, or government action) is given.
Newspaper Excerpt
Failure of the Bank of Sallis, in Attalla county, was reported here tonight by S. Love, of state banks. No statement was made by banking officials as to the cause of the closing
Source
newspapers
2. November 24, 1930 Suspension
Cause Details
Reiterates failure to open (closure) reported Nov. 24; deposits estimated $75,000 and resources $200,000. No run or specific trigger described.
Newspaper Excerpt
Failure Saturday of the Bank of Sallis to open for business brought the week's closures to two.
Source
newspapers

Newspaper Articles (3)
1. November 23, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, November 23, 1930

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Article Text

company, of Madisonville. He failed to make bond of $300. Mississippi Bank Fails. JACKSON, Miss., Nov. 22 (P).-Failure of the Bank of Sallis, in Attalla county, was reported here tonight by S. Love, of state banks. No statement was made by banking officials as to the cause of the closing Love said deposits to between $75,000 and $80,000 The Bank of Collins at Collins closed Friday.

2. November 25, 1930 The State Journal Frankfort, KY
Article from The State Journal, November 25, 1930

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Article Text

MAN KILLED MISTAKEN FOR BURGLAR; WAS ON HUNT FOR GASOLINE PRINCETON. Ky., Nov. 24 (By A. P.)-As a result of the slaying of Robert Clayton, which he claims was due to the latter being partially deaf. Edward Ladd, a farmer, was held under guard to the March grand jury hero today. Clayton ran out of gasoline near Ladd's farm and went there to telephone. The story told at the coroner's inquest was that Clayton did not hear Ladd call out to know who knocked. but went back to his car, saw a light in the farmhouse and approached again. Ladd said that, getting no response to his calls to know what was wanted. he fired from a window. as he feared he would be robbed. BANK CLOSES IN MISSISSIPPI JACKSON, Miss., Nov. 24 (By A.P.) -Failure Saturday of the Bank of Sallis to open for business brought the week's closures to two.

3. November 25, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, November 25, 1930

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Article Text

at Walo, Bank of Manila at Manila, Bank Knobel Knobel, the State bank at Monette and the Viola State Viola. Those pending the Bank Maynard Maynard, County at and Bank Glenwood at Glenwood, all small The closings reported today brought to seventy the number which have pended closed for liquidation in the six have reopened, the five today The other the National bank Heber Springs, which resumed business last week closing for two The state banking department said reports of additional banks reopened several were known to be prepared to resume busiThe unprecedented number of bank closings in the past week suspension the American Exchange Trust company, Little Rock. Banks, of the American Exwhich he head, Banks holds interest in many of the other institutions which have closed. Bank Closes. JACKSON, Miss., Nov. 24 Bank of Sallis failed to open for business Saturday J. S. Love, superintendent of state banks, announced the closing the Sallis bank, which is in Attala county. Deposits were estimated at $75,000, with resources $200,000. Friday last week the Bank of Collins, at Collins, closed its doors.