Bank of Mullins (Mullins, SC)

Episode Information

Episode UID
67017971584
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
6701797 routing
Routing Number
67-0179
Start Date
December 12, 1931
Location
Mullins, South Carolina (34.206, -79.254)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c1b706cc429d5418

Response Measures

None

Description

Articles state the bank closed to protect itself against run and later was listed among reopened banks; precise triggers beyond panic are not described.

Events (3)
1. December 12, 1931 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors' panic prompted heavy withdrawals leading the bank to take protective action against a run.
Measures
Bank closed temporarily to protect itself against withdrawals; temporary banking provided by Peoples State Bank
Newspaper Excerpt
the closing the Bank of Mullins to protect itself against run.
Source
newspapers
2. December 12, 1931 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed its doors (suspended operations) to protect against a run; state examiners investigated affairs of the banks.
Newspaper Excerpt
The action follows the closing on Saturday First National Bank Mullins, which was follow the closing the Bank of Mullins to protect itself against run. State bank examiners... making an investigation affairs both of these
Source
newspapers
3. March 17, 1932 Reopening
Newspaper Excerpt
Besides the two new banks five other banks have reopened recently. They are the Planters Saving bank of Greer, Bank of Mullins, Bank of Nichols, Bank of Williston and the Farmers Bank of Loris.
Source
newspapers

Newspaper Articles (2)
1. December 14, 1931 Florence Morning News Florence, SC

Article Text

FLORENCE BANK RELIEF Peoples State Bank FurTemporary Facilities At the request of a delegation of citizens of Mullins whose two banks closed The Peoples State Bank of provide banking for the business interests that town and was nounced night McLeod. chairman of the board. Dr. stated that representatives of the interests of Mullins were here Saturday night conference and that order assist in Peoples Bank arranged furnish temporary banking facilities. Frank Brand, district vice president the Peoples State Bank. and Darby Cusaak, cashwill early this remain in Mullins long necessary, it stated. The action follows the closing on Saturday First National Bank Mullins, which was followthe closing the Bank of Mullins to protect itself against run. State bank examiners, it said last night, making an investigation affairs both of these

2. March 17, 1932 The Index-Journal Greenwood, SC

Article Text

SEVENTH BANK IS RE-ESTABLISHED Five Have Been Re-opened And Two New Ones Organized In State Marking the seventh re-establishment of banking facilities in South Carolina within a few weeks' time, a new bank will be opened at Marion Monday with a capital stock of $50,000, it was announced yesterday by Albert S. Fant, state bank examiner, according to the Columbia State. The new Marion bank will be appointed receiver of the Farmers and Merchants bank which closed its Marion headquarters and Latta and Centenary branches last November 24, Mr. Fant explained. Another new bank, the Bank of Barnwell, capitalized at $25,000 and headed by C. G. Fuller and Edgar A. Brown, received $30,000 in deposits within two hours after it opened Monday, Mr. Fant added. Besides the two new banks five other banks have reopened recently. They are the Planters Saving bank of Greer, Bank of Mullins, Bank of Nichols, Bank of Williston and the Farmers Bank of Loris. "The Farmers and Merchants bank of Marion and its Latta and Centenary branches have been in the hands of the state banking department since November 24," Mr. Fant said. "Depositors adopted a resolution at a meeting last December 17 to defer the election of a receiver pending the organization of a new bank and at that meeting the depositors and unsecured creditors unanimously agreed that the new bank act as receiver. "Officials of the new bank plan to apply for its charter not later than Friday of this week," Mr. Fant added, "and when the charter has been issued it will immediately qualify as receiver and take charge of the affairs of the Farmers and Merchants bank with my approval." Fifty thousand dollars for capital stock has already been subscribed and collected, Mr. Fant said. Stockholders of the bank will elect a board of directors and bank officials at a meeting today. They will also select a name for the institution.