State Bank (Little Rock, AR)

Episode Information

Episode UID
7025899890517
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
702589989 hash
Start Date
January 31, 1843
Location
Little Rock, Arkansas (34.746, -92.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a103620a410a897e

Response Measures

None

Events (2)
1. January 31, 1843 Suspension
Cause
Government Action
Cause Details
Legislative act of 31 Jan 1843 placed the State Bank in liquidation and vested powers in receivers.
Newspaper Excerpt
The act of 31st Jan. 1843, placing it in liquidation, did not destroy the corporate existence of the State Bank.
Source
newspapers
2. October 1, 1850 Receivership
Newspaper Excerpt
Receiver. Receiver's Office, State Bank, Little Rock, October 1, 1850. (publication line indicating a receiver's office). (Note: the article heading shows the Receiver's Office line dated October 1, 1850.)
Source
newspapers

Newspaper Articles (8)
1. November 20, 1844 The Arkansas Banner Little Rock, AR
Article from The Arkansas Banner, November 20, 1844

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Article Text

November 13th. Senate met pursuat to adjournment. Mr. Gaines introduced a bill to be entitled An act tosamend the laws for taking up estrays." Read a first time, and ordered to a second reading on to-morrow. Mr. Gaines introduced a resolution to appoint a joint select committee of three in the Senate and five in the House of Representatives, to examine into the acts of the late Bank Visiter, and the acts of Financial and Executive Receivers of the State Bank. Also to take into consideration the propriety of abolishing the office of Bank Visiter and Executive Receiver of the State Bank and branches. Which was read, and laid on the table for one day. Mr. McCamy introduced a resolution instructing the judiciary committee "to enquire into the propriety of adopting some form for justices of the peace for taking bonds or recognizances for the appearance of offenders against the State. And to enquire into the propriety of the informer or prosecutor before the justice of the peace, where the grand jury does not find u true bill, to be bound for all cost incurred in said case before the justice of the peace." Which was read and referred to the judiciary committee. Mr. Maxwell introduced a resolution instructing the committee on ways and means to enquire into the propriety of so changing the revenue law of the State as to require sheriffs aud other collecting officers of the State to pay into the State and county treasury the same kind of funds they shall collect. Which was read, and adopted. On motion of Mr. Ficklin, the Senate adjourned.

2. January 15, 1845 The Arkansas Banner Little Rock, AR
Article from The Arkansas Banner, January 15, 1845

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Article Text

others in favor of the Bank of the State. 113th. Resolution in relation to Salt Springs and lands in Sevier county. 114th. Resolution in relation to free negroes and mulattoes. 115th. Resolution in relation to publishing the Resolution in relation to the amendments to the constitution. 116. Resolution in relation to the passage of a law concerning French and Spanish laud claims. 117th. Resolution in relation to the proposition of John Hutt and wife to convey a certain house and lot to the State. 118th. Resolution concerning the appointment of an Executive Receiver of the State Bank at Little Rock. 119th. An act to regulate the action of Forcible Entry and detainer. 120th. An act making appropriation for the years 1845, 1846, and part of the year 1841 and for balances due from the State, and for other purposes. The bill having been returned by the Governor with his objections thereto and after reconsideration having passed both Houses by the constitutional majority, it has become a law this 10th day of January A. D. 1845. 121st. An act entitled an act supplementary to an act making appropriations for the years 1845, 1846, and part of 1844, and for balances due from the State and for other purposes.

3. January 22, 1845 Washington Telegraph Washington, AR
Article from Washington Telegraph, January 22, 1845

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Article Text

109th. An act to attach Dallas county to the second Judicial circuit and for other purposes. 110th. An act for the benefit and relief of Thomas S. Woodward and Thomas Woodward 111th. Resolution in relation to amendments to the constitution of the State. 12th. Resolution in relation to the collection of a note drawn by Thomas Thorn and others in favor of the Bank of the State. 113th. Resolution in relation to Salt springs in Sevier county. 114th. Resolution in relation to free negroes and mullattoes. 115th. Resolutions in relation to publishing the Resolution in relation to the amendments to the Constitution. 116th. Resolutions in relation to the passage of a law concerning French and Spanish land claims. 117th. Resolution in relation to the proposition of John Hutt and wife to convey a certain house and lot to the State. 118th. Resolution concerning the ap. pointment of an Executive Receiver of the State Bank at T ittle Rook 119th. An act to regulate, the action of Forcible Entry and detainer. 120th. An act making appropriation for the years 1845, 1846. and part of the year 1841 and for balances que from the State, and for other purposes. The bill having been returned by the Governor with his objections thereto and after reconsideration having passed both Houses by the constitutional majority, it has become a law this 10th day of January A. D. 1845. 12'st. An act entitled an act supplementary to an act making appropriations for the years 1845, 1846, and part of IS44. and for balances due from the State and for other purposes.

4. August 27, 1845 The Arkansas Banner Little Rock, AR
Article from The Arkansas Banner, August 27, 1845

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Article Text

UNDERHILL vs. STATE BANK. Error to Pulaski. The act of 31st Jan. 1843, placing it in liquidation, did not destroy the corporate existenee of the State Bank. It only, as designed, restricted the corporate powers of the Bank, and vested those left to it in Receivers, instead of boards of directors as originally, which the Legislature possessed the power to do. The Bank may yetsue, and be sued, plead and be pleaded, as a corporation.-Affirmed.

5. November 20, 1850 Washington Telegraph Washington, AR
Article from Washington Telegraph, November 20, 1850

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Article Text

Receiver. Receiver's Office, State Bank, Little Rock, October 1, 1850.

6. June 11, 1909 The Green Forest Tribune Green Forest, AR
Article from The Green Forest Tribune, June 11, 1909

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Article Text

Old State Bank Building Sold. A contract has been closed here whereby H. F. Auten purchases the property at the southeast corner of Center and Markham streets from the Mutual Life Insurance Company for $40,000. The lot faces 70 feet on Markham street and 150 feet on Center street. The old State Bank building, built by the state about 1836, now occupies the site. The old structure is one of the relics of the early days and for years was a storm center for the state. The building was erected as a home for the State Bank at about the same time the state house was built. At that time banks were at a premium in Arkansas, Bonds were issued by the state, and the bank, capitalized at $1,000,000, was to be operated by officers elected by the General Assembly. Banks were established in other cities in the state, but the one here was considered the head of the system. In 1843 the bank went into the hands of a receiver and the state lost heavily. It was taken over by the Real Estate Bank Association and operated until 1848, when it again went into the hands of a receiver. The building was sold by the receiver and was bid in by Gen. Albert Pike and Thomas W. Newton. Thomas Newton died before the war, but the building continued to be held by his heirs and General Pike until 1863, when the Federals occupied Little Rock and confiscated Pike's interest in the property, but left untouched that of the Newton heirs. It was sold at auction and bid in by C. C. Bliss. After the reconstruction, General Pike recovered his interest after a long law suit, and continued to hold it until 1880 or 1881, when it was sold to the Mutual Life Insurance Company.

7. June 11, 1909 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, June 11, 1909

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Article Text

Old State Bank Building Sold. A contract has been closed here whereby H, F. Auten purchases the property at the southeast corner of Center and Markham streets from the Mutual Life Insurance Company for $40,000. The lot faces 70 feet on Markham street and 150 feet on Center street. The old State Bank building, built by the state about 1836, now occupies the site. The old structure is one of the relics of the early days and for years was a storm center for the state. The building was erected as a home for the State Bank at about the same time the state house was built. At that time banks were at a premium in Arkansas. Bonds were issued by the state, and the bank, capitalized at $1,000,000, was to be operated by officers elected by the General Assembly. Banks were established in other cities in the state, but the one here was considered the head of the system. In 1843 the bank went into the hands of a receiver and the state lost heavily. It was taken over by the Real Estate Bank Association and operated until 1848, when it again went into the hands of a receiver. The building was sold by the receiver and was bid in by Gen. Albert Pike and Thomas W. Newton. Thomas Newton died before the war, but the building continued to be held by his heirs and General Pike until 1863, when the Federals occupied Little Rock and confiscated Pike's inter. est in the property, but left untouched that of the Newton heirs. It was sold at auction and bid in by C. C. Bliss. After the reconstruction, General Pike recovered his interest after a long law suit, and continued to hold it until 1880 or 1881, when it was sold to the Mutual Life Insurance Company.

8. June 17, 1909 The Carlisle Independent Carlisle, AR
Article from The Carlisle Independent, June 17, 1909

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Article Text

Old State Bank Building Sold. A contract has been closed here whereby H. F. Auten purchases the property at the southeast corner of Center and Markham streets from the Mutual Life Insurance Company for $40,000. The lot faces 70 feet on Markham street and 150 feet on Center, street. The old State Bank building, built by the state about 1836, now occupies the site. The old structure is one of the relies of the early days and for years was a storm center for the state. The building was erected as a home for the State Bank at about the same time the state house was built. At that time banks were at a premium in Arkansas. Bonds were issued by the state, and the bank, capitalized at $1,000,000, was to be operated by officers elected by the General Assembly. Banks were established in other cities in the state, but the one here was considered the head of the system. In 1843 the bank went into the hands of a receiver and the state lost heavily. It was taken over by the Real Estate Bank Association and operated until 1848, when it again went into the hands of a receiver. The building was sold by the receiver and was bid in by Gen. Albert Pike and Thomas W. Newton. Thomas Newton died before the war, but the building continued to be held by his heirs and General Pike until 1863, when the Federals occupied Little Rock and confiscated Pike's interest in the property, but left untouched that of the Newton heirs. It was sold at auction and bid in by C. C. Bliss. After the reconstruction, General Pike recovered his interest after a long law suit, and continued to hold it until 1880 or 1881, when it was sold to the Mutual Life Insurance Company.