Bank of Denmark (Denmark, SC)

Episode Information

Episode UID
758726091504
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
75872609 hash
Start Date
April 29, 1925
Location
Denmark, South Carolina (33.323, -81.142)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6a31715263af51a5

Response Measures

None

Description

The Bank of Denmark closed first, triggering a run on the town's only other bank (Citizens Exchange Bank). Both banks were reported to be reorganizing for reopening.

Events (2)
1. April 29, 1925 Suspension
Cause Details
The articles focus on the subsequent run on the other bank; the specific cause for the Bank of Denmark's initial closure is not detailed beyond reorganization plans.
Newspaper Excerpt
Little more than week the Bank To Denmark closed its doors.
Source
newspapers
2. May 1, 1925* Reopening
Newspaper Excerpt
The Bank of Denmark being reorganized and will open in the future.
Source
newspapers

Newspaper Articles (2)
1. May 7, 1925 The Columbia Record Columbia, SC
Article from The Columbia Record, May 7, 1925

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Article Text

DENMARK, WITHOUT A BANK Only Remaining Bank in Town Is Closed: Plan Reorganization Soon (Special The Record) May mark is today without bank. Little more than week the Bank To Denmark closed its doors. This The Exchange Bank of Denmark, the second and only remaining bank in the town. closed after an unprecedented had been made on the institution. Fant, state bank examiner, made examination of the bank declared solvent and one of the "cleanest" banks the State Rumors the closing the Bank Denmark, and steady stream of depositors called at Citizen's Bank withdrawing their deposits. The bank met all demands that were meeting of the officers was held at which few the available the unprecedented Both Denmark Citizen's Bank reorganized, stated the ficers of both banks highly teemed the the public. charter for the officers Citizen's for bank Carolina and The officers James, Rice, president Sigmund Walker Boyce Steadman, assistant In the and doing the best they without the necessary advantages bank offers in the duct of business. Many hopeful with of Denmarks financial troubles will

2. May 8, 1925 The State Columbia, SC
Article from The State, May 8, 1925

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Article Text

BANKS AT DENMARK BOTH REORGANIZING Examiner Vouches for Solvency of Citizens' Exchange-Run Causes Closing. Special to the State. Denmark, May 7.-An application for charter to reorganize the Citizens Exchange bank under the name of Carolina Bank & Trust company of Denmark has been applied for and meeting of the stockholders will take place the bank Saturday morhing, May Following the closing of the Bank of Denmark, quiet but steady made the change the banking hours closed was thought that the bank the drain. some way, however, rumors that the bank was about got started Sunday, with the result of heavy run the bank Monday As care see the funds into the hands only the bank's depositors, they pending arrival the bank examiner and placed notice the door that effect about o'clock Monday Tuesday Albert Fant, assistant state after investigating, de clared the bank Officers the Citizens' Exchange bank are James, president cashier Rice, vice Sigmund Walker, assistant cashier; The Bank of Denmark being reorganized and will open in the future. Hamlet's words, "There something rotten in the state of Den mark," do not apply this has been The There officers of both banks are men of integrity and are highly esteemed.