Community Bank & Trust Company

Episode Information

Episode UID: 81005371583
Episode Type: Run → Suspension → Closure
Bank Type: trust
Bank ID: 8100537 routing
Routing Number: 81-0053
Start Date: November 30, 1931
Location: Hot Springs, Arkansas (34.504, -93.055)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: edac117951450ef8

Response Measures

None

Description

Article states bank closed for liquidation after a run though it asserts solvency.

Events (2)

1. November 30, 1931 Run

Cause Details: Run developed upon opening Monday morning; no specific rumor or external failure cited
Measures: Bank closed immediately to safeguard depositors and stockholders; later closed for liquidation
Newspaper Excerpt: On account of a run on our bank which developed when we opened for business Monday morning
Source: newspapers

2. November 30, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank closed for liquidation following the run; statement by officers announced closure
Newspaper Excerpt: was closed today for liquidation.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1931 The Daily World Helena, AR

Article Text

SMALL BANK CLOSES DOOR AT THE SPA COMMUNITY BANK AND TRUST COMPANY UNABLE TO WITH. STAND UNEXPECTED RUN Hot Springs. Nov. 30.-(AP)The Community Bank and Trust Company, the city's smallest bankng institution. located in an outying district, was closed today for iquidation. The bank was established a few ears ago by the late Hamp Willams. The deposits were slightly ess than $1,000,000. A statement was issued, signed by the president. J. O. Langley, and he cashier, Thomas W. Stone, which said: "On account of a run on our bank which developed when we opened for business Monday morning we found it absolutely necessary to close the bank to safeguard the interests of our depositors and stockholders We are satisfied that our bank is perfectly solvent and haven't the lightest doubt that every depositor will be paid in full"