State Bank - McHenry, MS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 5, 1913
Location: McHenry, Mississippi (30.708, -89.138)

Metadata

Model: gpt-5-mini
Short Digest: 1a388010

Response Measures

None

Description

Article (The Sea Coast Echo, 1913-07-05) states the State Bank of McHenry is now in the hands of a receiver. No run or withdrawals are described. A new Citizens Bank is opening using the former bank's premises. Thus the State Bank was placed in receivership (closure) prior to the new bank opening. Date of receivership not explicitly given; receiver status reported in this 1913-07-05 article.

Events (1)

1. July 5, 1913 Receivership

Newspaper Excerpt: the State Bank of McHenry, now in the hands of a receiver, but the projected bank is entirely new and independent institution, having no connection with the bank which formerly existed in McHenry or with any other bank.
Source: newspapers

Newspaper Articles (1)

1. July 5, 1913 The Sea Coast Echo Bay Saint Louis, MS

Article from The Sea Coast Echo, July 5, 1913

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Article Text

NEW CITIZENS BANK OF McHENRY, MISS., Elects Officers, With R. R. Perkins as President-Bank to Open July 15thAt a meeting of interested parties held in McHenry Saturday, officers of the new bank to be opened in MoHenry ynd to be known as the Citizens Bank of McHenry, were elected as follows: Directors: R. R. Perkins and W. J. Gex, of Bay St. Louis; T. W. Milner, T. J. B. Kellier and Nat Owen of Gulfport; J. S. Adkinson, L. B. Godard and A, W. Ladnier, of McHenry. President, R. R. Perkins; vice presidents, Nat Owen and J. S. Adkinson. The cashier is yet to be elected. The bank will have a capital stock of $15,000 and expects to open for business about July 15th. The bank will be quartered in the same building and use the same fixtures formerly used by the State Bank of McHenry, now in the hands of a receiver, but the projected bank is entirely new and independent institution, having no connection with the bank which formerly existed in McHenry or with any other bank. The officers are all men of recognized financial standing.