Bank of Winchester (Winchester, TN)

Episode Information

Episode UID
716755391285
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
71675539 hash
Start Date
January 30, 1907
Location
Winchester, Tennessee (35.191, -86.108)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
18041b930eb50a16

Response Measures

None

Events (3)
1. January 30, 1907 Receivership
Newspaper Excerpt
Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver.
Source
newspapers
2. January 30, 1907 Suspension
Cause
Government Action
Cause Details
Stockholders petitioned chancery court and receiver was appointed after failure of heavy non-resident borrowers.
Newspaper Excerpt
stockholders of the Bank of Winchester filed a bill in Chancery Court today to have the bank placed in the hands of a receiver. Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver.
Source
newspapers
3. July 2, 1907 Other
Newspaper Excerpt
A prorata is being paid by the Bank of Winchester, which is in the hands of a receiver. Yesterday and today many thousand dollars have been paid out and still more are coming.
Source
newspapers

Newspaper Articles (4)
1. February 1, 1907 The Columbia Herald Columbia, TN
Article from The Columbia Herald, February 1, 1907

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Article Text

WINCHESTER BANK CLOSED STOCKHOLDERS' PETITION FOR A RECEIVER IS GRANTED. Hon. Jesse M. Littleton is in Charge. Failure of Heavy Borrowers is Responsible. WINCHESTER, Tenn., Jan. 30.stockholders of the Bank of Winchester filed a bill in Chancery Court today to have the bank placed in the hands of a receiver. Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver. The bank is capitalized at $75,000 and had about $300,000 deposited. The loans and discounts amounted to about $350,000. The failure was caused by the failure of some heavy non-resident borrowers. It is thought depositors will be paid in full. None of the merchants or business men of Winchester will be seriously injured.

2. February 7, 1907 The Caucasian Raleigh, Goldsboro, Clinton, NC
Article from The Caucasian, February 7, 1907

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Article Text

Receiver For Tennessee Bank. Winehester, Tenn., Special.-On application of stockholders Judge McConnell of the chancery court, appointed a receiver for the Bank of Winchester. Theb ank has $75,000 capital, $300,000 deposits and $350,000 loans and discounts. Depositors, it is claimed, will be paid in full. Report Favoring Big Purchase of

3. February 7, 1907 The French Broad Hustler Hendersonville, NC
Article from The French Broad Hustler, February 7, 1907

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Article Text

Receiver For Tennessee Bank. Winchester, Tenn., Special.-On application of stockholders Judge McConnell of the chancery court, appointed a receiver for the Bank of Winchester. Theb ank has $75,000 capital, $300,000 deposits and $350,000 loans and discounts. Depositors, it is claimed, will be paid in full. Report Favoring Big Purchase of

4. July 5, 1907 The Columbia Herald Columbia, TN
Article from The Columbia Herald, July 5, 1907

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Article Text

BUSTED BANK MAY PAY IN FULL WINCHESTER, Tenn., July 2.-P. H. Williams, clerk and master, is working overtime this week. A prorata is being paid by the Bank of Winchester, which is in the hands of a receiver. Yesterday and today many thousand dollars have been paid out and still more are coming. It is thought now that this bank will pay the depositors in full, in the end.