Exchange Bank & Trust Company

Episode Information

Episode UID: 81013571517
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 8101357 routing
Routing Number: 81-0135
Start Date: May 31, 1926
Location: Stuttgart, Arkansas (34.500, -91.553)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ff999b5733800fbd

Response Measures

None

Description

Article states a run impaired the bank and another bank took over its business, implying permanent closure.

Events (2)

1. May 31, 1926 Receivership

Newspaper Excerpt: The First State Bank ... took over the business of the Exchange Bank & Trust Company. The action was taken following a run on the Exchange Bank which impaired its condition.
Source: newspapers

2. May 31, 1926 Run

Cause Details: Unspecified trigger; article only reports a run that impaired the bank's condition.
Newspaper Excerpt: The action was taken following a run on the Exchange Bank which impaired its condition.
Source: newspapers

Newspaper Articles (1)

1. June 1, 1926 The Commercial Appeal Memphis, TN

Article from The Commercial Appeal, June 1, 1926

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Article Text

CHANGE IN CONTROL OF STUTTGART BANK First State Bank Taken Over Following Run. STUTTGART, Ark., May 31.—(AP) The First State Bank, a newly organized institution, with a capital of $150,000, today took over the business of the Exchange Bank & Trust Company. The action was taken following a run on the Exchange Bank which impaired its condition. A. B. Banks, president of the American Southern Trust Company of Little Rock, who also is president of approximately 40 other Arkansas banks, heads the new institution. The Exchange Bank & Trust Company has a capital of $200,000, and deposits of between $600,000 and $700,000. J. F. Whaley, who was president of the Exchange, is a vice president of the new institution and all of the other officers were retained. W. B. Wall is active vice president and A. F. Rawlings cashier.