Merchants State Bank - Humboldt, TN

Episode Information

Episode UID: 2029025591597
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 202902559 hash
Start Date: January 30, 1933
Location: Humboldt, Tennessee (35.820, -88.916)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 9426bce27dfc8ecb

Response Measures

None

Events (2)

1. January 30, 1933 Receivership

Newspaper Excerpt: the institution's affairs would be turned over to the state superintendent of banks; The bank was the largest in Gibson county., organized in 1887 .','cause_details':'Affairs turned over to state superintendent of banks indicating state takeover/receivership.'}]}辑IFICATE_INVALID_JSON_FORMAT_INVALID_INVALID_DESCRIPTION_INVALID PLUGIN_OUTPUT_INVALID_JSON_STRUCTURE_INVALID_SCHEMA_INVALID_REASONJSON_INVALID_INVALID_END_TOKEN_INVALID_JSON_STRUCTURE_INVALID_SCHEMA_INVALID_REASON_INVALID_TRUNCATED_OUTPUT_INVALID_OPERATION_INVALID_JSON
Source: newspapers

2. January 30, 1933 Suspension

Cause: Government Action
Cause Details: Board decided to turn the bank's affairs over to the state superintendent of banks to protect depositors.
Newspaper Excerpt: HUMBOLDT, Tenn., Jan. 30 (AP).—The Merchants State bank did not open for business today. At a meeting of the board of directors it was decided that in the interest of depositors the institution's affairs would be turned over to the state superintendent of banks.
Source: newspapers

Newspaper Articles (1)

1. January 31, 1933 Chattanooga Daily Times Chattanooga, TN

Article Text

Silver. NEW YORK, Jan. 30 (AP).—Bar silver firm, 3/8c higher at 26c on buying from China. LONDON, Jan. 30 (AP).—Bar silver firm, 1/8d higher at 17 1/8d. HUMBOLDT BANK CLOSES TO PROTECT DEPOSITORS HUMBOLDT, Tenn., Jan. 30 (AP).—The Merchants State bank did not open for business today. At a meeting of the board of directors it was decided that "in the interest of depositors" the institution's affairs would be turned over to the state superintendent of banks. The bank was the largest in Gibson county. It was organized in 1887.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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