gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3e13c82ab8bb2b16
Response Measures
None
Description
The bank was a state-chartered institution closely allied with the Americus National Bank; both failed simultaneously due to internal mismanagement and fraud.
Events (3)
1.February 1, 1914*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closely allied with the Americus National Bank which failed due to embezzlement, missing cashiers, and falsifying accounts.
Newspaper Excerpt
The Americus Trust and Savings Bank, an institution closely allied with the National Bank... is almost as hard hit as the National Bank, it seems.
Source
newspapers
2.February 6, 1914Receivership
Newspaper Excerpt
Assistant State Bank Examiner T. C. Dunlap, who has been appointed temporary receiver
Source
newspapers
3.December 1, 1914Other
Newspaper Excerpt
The failure of the national or parent bank was recently investigated by the United States court grand jury with the result that its cashier, M. M. Lowrey, and Assistant Cashiers Wheatley and Hawkins were indicted for alleged abstraction of funds and falsifying accounts.
Source
newspapers
Newspaper Articles (14)
1.February 6, 1914Atlanta GeorgianAtlanta, GA
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Article Text
NO TIDINGS FROM MISSING CASHIER Examiner Says It Will Take Several Weeks to Untangle Americus Bank's Affairs. AMERICUS, Feb. 6.-Assistant State Bank Examiner T. C. Dunlap, who has been appointed temporary receiver and who is at work on the tangled affairs of the Americus National Bank, refuses to make a statement now, other than it will take probably several weeks to get at the bottom of the bank's failure. The Americus Trust and Savings Bank, an institution closely allied with the National Bank, doing business in the same building and having practically the same officers, is almost as hard hit as the National Bank, it seems. It had $30,000 on deposit. So far no tidings have been received from G. D. Wheatley, Jr., the missing assistant cashier. Many of his friends insist that he is near Americus. The general opinion is that Wheatley is involved no deeper than some others, and that if he will return and help straighten matters out, he will stand a. good chance to clear himself of the charges that rumor has fixed on him. His father still stands steadfast in his declaration to stick to him. Depositors to Get 50 Per Cent. ENOIA, Feb. 6.-H. H. North, receiver of the Bank of Senoia, has announced that he will pay a 50 per cent dividend to depositors on Tuesday, February 10. The bank was closed one year ago. This will be the first dividend. Mr North is confident that depositors will be paid in full
2.February 7, 1914Atlanta GeorgianAtlanta, GA
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Article Text
NO TIDINGS FROM MISSING CASHIER Examiner Says It Will Take Several Weeks to Untangle Americus Bank's Affairs. AMERICUS, Feb. 6.-Assistant State Bank Examiner T. C. Dunlap, who has been appointed temporary receiver and who is at work on the tangled affairs of the Americus Na tional Bank, refuses to make a statement now, other than it will take probably several weeks to get at the bottom of the bank's failure. The Americus Trust and Savings Bank, an institution closely allied with the National Bank, doing business in the same building and having practically the same officers, is almost as hard hit as the National Bank, it seems. It had $30,000 on deposit. So far no tidings have been received from G. D. Wheatley, Jr., the missing assistant cashier, Many of his friends insist that he is near Americus. The general opinion is that Wheatley is involved no deeper than some others, and that if he will return and help straighten matters out, he will stand a good chance to clear himself of the charges that rumor has fixed on him. His father still stands steadfast in his declaration to stick to him.
3.July 14, 1914Americus Times-RecorderAmericus, GA
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Article Text
Notice. All persons holding accounts against the Americus Trust & Savings Bank will please bring their passbooks and make proof of same under oath. W. W. DKYES, Receiver. advt
4.July 21, 1914Americus Times-RecorderAmericus, GA
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Article Text
Notice. All persons holding accounts against the Americus Trust & Savings Bank will please bring their passbooks and make proof of same under W. W. DKYES, oath. Receiver. advt
5.December 1, 1914The Dawson NewsDawson, GA
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Article Text
JURY WILL INVESTIGATE WILL LOOK INTO AFFAIRS OF TRUST AND SAVINGS BANK. Was Run in Connection With the Americus National Bank. Was a State Institution. AMERICUS, Ga.-The affairs of the defunct Americus Trust and Savings Bank, which, with its parent institution, the Americus National, went to the wall in February last. are to be inquired into by the grand jurv now in session here in all likelihood. The savings bank was a state institution, operated under a charter from the state of Georgia, and it is clearly within the province of the superior court grand jury, now in session here, to investigate the failure of the bank. The failure of the national or parent bank was recently investigated by the United States court grand jury with the result that its cashier, M. M. Lowrey, and Assistant Cashiers Wheatley and Hawkins were indicted for alleged abstraction of funds and falsifying accounts. The state savings bank was a part and parcel of the national, and was operated under the same roof and by the same officers. It had a capital stock of $15,000 and deposits of probably $20,000, both of which seemed to have been wiped out to a great extent, in the wreck of the Americus National. W. W. Dykes, as receiver, has charge of the affairs of the little state bank which was largely absorbed by the big one.
6.January 12, 1915The Dawson NewsDawson, GA
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Article Text
DEPOSITORS GET FIRST DIVIDEND Receiver of the Suspended Bank of Americus Distributes 10 Per Cent Among Creditors. AMERICUS, Ga.--The first dividend of ten per cent to depositors of the suspended Americus Trust and Savings Bank, a department of the wrecked Americus National Bank, of which M. M. Lowrey was the directing genius, was paid this afternoon by Receiver Dykes. The deposits of the savings bank were approximately $18,000, and Receiver Dykes expects to make other dividend payments as assets realize. The depositors were principally women, children and people of slender means. Each of the suspended institutions have now paid first dividends of ten per cent. The indebtedness of the national bank exceeded $300,000 and creditors expect considerably less than 50 cents on the dollar. Stockholders lost their entire capital stock of $100,000 and were forced to pay in addition a like amount under the liability clause. The same officers operated both banks.
7.June 10, 1915Americus Times-RecorderAmericus, GA
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Article Text
Beattie, and on the west by said Strife street." Levied on as the property of J. J. Simmons to satisfy Fi. Fa. in favor of W. W. Dykes, Receiver of the Americus Trust & Savings Bank, issued from the City Court of Americus, said county. Tenant in possession notified in terms of the law. This June 7th, 1915. Q. W. FULER, Sheriff, Sumter County.
8.June 30, 1915Americus Times-RecorderAmericus, GA
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Article Text
street." Levied on as the property of Lula Dowdell to satisfy Fi. Fa. in favor of W. W. Dykes, Receiver of the Americus Trust & Savings Bank, issued from the City Court of Americus, said county. Tenant in possesison notified in terr S of the law This June 7th, 1915. Q. W. FULLER, Sheriff, Sumter County, Georgia.
9.January 20, 1916Americus Times-RecorderAmericus, GA
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Article Text
in favor of W. W. Dykes, Receiver of isfy an execution issued from the City the Americus Trust & Savings Bank, Court of Americus in favor of C. C. to be sold at the risk of H. C. Clark. Hawkins vs Mrs. John W. Argo. This 5th day of January, 1916. Q. W. FULLER, 6-4t LUCIUS HARVEY, Sheriff, Sumter Co., Ga. Deputy Sheriff, Sumter County Ga.
10.February 16, 1916Americus Times-RecorderAmericus, GA
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Article Text
Court of Americus, dated 29th day of January, 1916, in favor or W. W. Dykes, Receiver Americus Trust & Savings Bank, vs. W. P. Wallis. Tenant in possession notified of the levy in terms of the law. This the 9th day of February, 1916. LUCIUS HARVEY, Sheriff of Sumter County, Georgia, and Ex-Off. Sheriff City Court Americus.
11.February 18, 1916Americus Times-RecorderAmericus, GA
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Article Text
Court of Americus, dated 29th day of January, 1916, in favor or W. W. Dykes, Receiver Americus Trust & Savings Bank, vs. W. P. Wallis. Tenant in possession notified of the levy in terms of the law. This the 9th day of February, 1916. LUCIUS HARVEY, Sheriff of Sumter County, Georgia, and Ex-Off. Sheriff City Court Americus.
12.February 20, 1916Americus Times-RecorderAmericus, GA
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Article Text
Court of Americus, dated 29th day of January, 1916, in favor or W. W. Dykes, Receiver Americus Trust & Savings Bank, vs. W. P. Wallis. Tenant in possession notified of the levy in terms of the law. This the 9th day of February, 1916. LUCIUS HARVEY, Sheriff of Sumter County, Georgia, and Ex-Off. Sheriff City Court Americus.
13.June 15, 1916Americus Times-RecorderAmericus, GA
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Article Text
COURT HOUSE NOTES The hearing in a case scheduled for this morning before Judge Littlejohn, involving the Americus Trust and Savit.gs Bank, was postponed because of the absence of Receiver W. W. Dykes, who is in St. Louis, attending the national democratic convention.
14.January 28, 1919Americus Times-RecorderAmericus, GA
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Article Text
ty, in favor of W. W. Dykes, receiver of the Americus Trust and Savings Bank, against said Freeman Hightower, and Clara Hightower. Tenants in possession notified as required by law. This, the 6th. day of January, 1919. LUCIUS HARVEY, Sheriff, Sumter County, Georgia.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
