Parish Bank & Trust Company (Opelousas, LA)

Episode Information

Episode UID
84006571585
Episode Type
Run → Suspension → Reopening
Bank Type
trust
Bank ID
8400657 routing
Routing Number
84-0065
Start Date
January 23, 1932
Location
Opelousas, Louisiana (30.534, -92.082)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e8b2558beb568a71

Response Measures

None

Description

OCR errors in articles corrected (e.g., 'Truct' -> 'Trust'); dates consolidated from multiple reports.

Events (3)
1. January 23, 1932 Run
Cause
Local Banks
Cause Details
Heavy withdrawals following the prior suspension/closing of the Opelousas-St. Landry (Planters) bank and contagion among local banks.
Measures
Placed in charge of L. M. Lafleur as custodian; reorganization plan prepared to protect depositors.
Newspaper Excerpt
Constant and heavy withdrawals... forced the closing of the Parish Bank and Trust company.
Source
newspapers
2. January 23, 1932 Suspension
Cause
Local Banks
Cause Details
Suspension followed heavy withdrawals tied to local bank failures and runs; state banking department took charge for reorganization.
Newspaper Excerpt
Parish Bank and Trust company... closed its doors Saturday morning... after which the affairs of the institution were placed in the hands of the state banking department.
Source
newspapers
3. March 1, 1932 Reopening
Newspaper Excerpt
Parish Bank & Trust company of Opelousas... suspended January 23, 1932. Reorganized and reopened March 1st as Parish Trust & Savings Bank.
Source
newspapers

Newspaper Articles (8)
1. January 28, 1932 Clarion-News Opelousas, LA

Article Text

ORGANIZATION Lafleur Reports New Institution with Stock is Being Perfected of the Parish Bank and Trust Company, with view protecting the depositors to the full extent their deposit, being undertaken by Lafleur, cashier the bank, closed last Saturmorning, because of the steady withdrawals funds. Mr. Lafleur, who has been placed in charge of the affairs of the Parish Bank, has the approval of the state department for his reorganization plans. According to the well known banknew organization will be set up with capital of $50,000. The depositors of the old institution, it is will cash, the over period four years. On all deferred deposits, per cent per annum interest will be paid, if the plan proves successful. Much interest being manifested business men citizens Opelousas the the Parish Bank. The popularity Mr. Lafleur, who was cashier of the institution for more than seven years, attested to by the fact that already and firms have already signed the stockholders list. pected that, when completed, the organization of the Parish Bank will reveal greatest number of small stockholders in the history Landry banking. In statement Wednesday morning Mr. Lafleur said that more than half of the required capital had already and that he expects the entire amount subscribed in the near future. Ben Christman, President, Sam Kurtz, and others prominently identified with the affairs the Parish Bank Trust Company, lending Lafleur whole hearted co-operation in his reorganization plans.

2. January 29, 1932 The Eunice News Eunice, LA

Article Text

Planters Bank Reopened For Business Mon. Concern Is Reorganized And Deposits Are Frozen The Planters' Bank and Trust company, a reorganized financial institution affected following the closing of the Planters Trust and Savings Bank, of Opelousas, opened for business, Monday morning at 10 o'clock, with an increased capital stock of $50,000, which was raised amonog the stockholders, after a run on that bank, Saturday, the result of suspension of business by the Parish Bank and Trust company, of that city, early Saturday morning. The depositors of the old institution will be paid 10 per (Continued on last page)

3. January 29, 1932 The Eunice News Eunice, LA

Article Text

EFFORT BEING MADE TO OPEN THE PARISH BANK AND TRUST CO. Every effort possible is being made to reorganize the Parish Bank and Truct company, of Opelousas, which closed its doors Saturday morning, following a conference of the board of directors and members of the state banking commission, Friday night, after which the affairs of the institption were placed in the hands of the state banking department. Constant and heavy withdrawals, following the suspension of business of the Opelousas-St. Landry Bank and Trust cimpany, last month, are recorted to have forced the closing of the Parish Bank and Trust company. L. M. Lafleur, for seven years cashier of the bank, it is reported, has been made custodian of the institution and is rapidly reviewing the condition of accounts, and will in a few days submit a plan of reorganization. Misses Lelia Bushnell, Clarice and Berna Cormier, Mabel Guillory, Mildred Delarue, motored to Crowley, Sunday afternoon.

4. April 8, 1932 The Daily Advertiser Lafayette, LA

Article Text

REPORT IS PREPARED BROCK Situation 1931 And During The Present Year Reviewed By Bank Commissioner BY BROCK (State Bank Commissioner) (Written for Associated Press) NEW ORLEANS, April banksituation in Louisiana may be regarded with considerable satisfaction view of general conditions that prevailed for sometime, and compared with the banking situation throughout the country whole. During 1931 there only five small banks, close in into judicial liquidation. Since the beginning of 1932 other small banks the most their suspension practically one hundred per having by reorganization, merger refinancing. Changes among State Banks Louisiana since January 1932 are follows: Planters Bank Cheneyville, with deposits approximately suspended January 1932. Reopened January 1932, Branch the Commercial Bank Trust Company Alexandria, Parish Bank Trust Company Opelousas, with total deposits aproximately $390,000.00, suspended January 1932. Reorganized and opened March Parish Trust Savings Bank. Following close of the Parish Bank Trust Company of Opelousas on Saturday January 23, considerable proportions developed and continued throughout the day Planters Trust Savings Bank, with total deposits $850,000.00. bank demand uninterruptedduring the day but deemed for the proper protection all depositoors, reorganization be effected. This was accordIngly completed over the week end, after only on the Monday following, viz January 1932, the the Planters Trust Savings Bank Opelousas. Breaux Bridge Bank Trust Comof Breaux Bridge, with total deposits of approximately suspended January 1932, reorganized and reopened March 16th, under name of Farmers Merchants Bank. Bank of La., deposits of suepended February 1932, March 16th Bank of Abbeville & Trust Company. Bank Maurice of Maurice, La., with total deposits approximately suspended February 1932, reopened March branch Bank Abbeville Trust Company. Bank of Loreauville of Loreauville, with total deposits suspended February 1932, now of and process within The Citizens Franklinton, with deposits of $72,000.00, February 15, 1932, has been placed in liquidation, and the only year to forced into liquidation. In case, however, perfected whereby the are to receive fifty per of their funds without with fair eventually more. In addition to the above, one other which suspended in December 1931, has reopened by merger bank in the town. Also of the banks that closed in Novemwhich since been in process completed its plans for and its being tingent only upon its loan from the Finance Corporation. been reported that there were some thirty hundred bank failures the United States past number eight in Louisiana. the several reorganizations and reopenings of banks mentioned, found necessary in order to better conserve the all concerned, to provide that depositors funds be made available only time payment basis. Eight banks three branches have been reopened using this plan, and more than certificates deposit have been issued. This includes one during latter part 1931. In this manner some twenty thousand depositors having approximately deposit have been protected for the full one hundred per centum of their deposits. Records forced judicial liquidations of banks show average to depositors of from forty fifty centum. Therefore, through the method reorganization used the of eight banks listed resulted saving nearly million dollars to depositors. Finance Corporacontributed material aid to many banks throughout section. Louisiana and Mississippi bankers fortunate having local office this located this to facilitate for loans; officials that the and composed and business this who well know the values the held by are converwith local conditions. The National Corporation valued many our banks prior the inauguration the Finance Corporation.

5. April 8, 1932 The Shreveport Journal Shreveport, LA

Article Text

BANKING SITUATION IN STATE IS SOUND, COMMISSIONER SAYS FROM PAGE ONE. Louisiana since Jan. 1, 1932, are as follows: Planters bank, Cheneyville, La., with deposits of approximately $90,000, suspended Jan. 9, 1932. Reopened Jan. 11, 1932, as branch of the Commercial Bank & Trust Co. of Alexandria, La. Parish Bank & Trust Co. of Opelousas, La., with total deposits of approximately $390,000, suspended Jan. 23, 1932. Reorganized and reopened March 1 as Parish Trust & Savings bank. Following the close of the Parish Bank & Trust Co. of Opelousas on Saturday, Jan. 23, a "run" of considerable proportions developed and continued throughout the day on the Planters Trust & Savings bank, with total deposits of $850,000. The bank met all demands uninterruptedly during the day but it was deemed advisable, for the proper protection of all depositors, that a reorganization be effected. This was accordingly completed over the week-end, and after only a few hours' suspension of business on the Monday following, viz Jan. 25, 1932, the bank reopened as the Planters Trust & Savings bank of Opelousas. Breaux Bridge Bank & Trust Co. of Breaux Bridge, La., with total deposits of approximately $264,000, suspended Jan. 29, 1932, reorganized and reopened March 16, under name of Farmers & Merchants bank. Bank of Abbeville, Abbeville, La., with total deposits of approximately $688,000, suspended Feb. 2, 1932, reorganized and reopened March 16 as Bank of Abbeville & Trust Co. Bank of Maurice of Maurice, La., with total deposits of approximately $51,000, suspended Feb. 3, 1932, reopened March 16 as a branch of Bank of Abbeville & Trust Co. Bank of Loreauville of Loreauville, La., with total deposits of $70,000, suspended Feb. 8, 1932, is now in process of reorganization and is expected to reopen within a few days. The Citizens bank of Franklinton, La., with total deposits of approximately $72,000, closed Feb. 15, 1932, has been placed in liquidation, and is the only bank this year to be forced to go into judicial liquidation. In this case, however, arrangements were perfected whereby the depositors are to receive 50 per cent of their funds without delay, with a fair prospect of eventually receiving considerably more. In addition to the above, one other bank which suspended in December, 1931, has been reopened by merger with another bank in the same town. Also one of the banks that closed in November, 1931, and which has since been in process of liquidation, has practically completed its plans for reorganization and reopening, its reopening being contingent only upon its obtaining a loan from the Reconstruction Finance corporation. It has been reported that there were some 3,600 bank failures in the United States during the past two years. Of this number only 8 were in Louisiana.

6. April 8, 1932 The Shreveport Journal Shreveport, LA

Article Text

Following the close of the Parish Bank & Trust Co. of Opelousas on Saturday, Jan. 23, a "run" of considerable proportions developed and continued throughout the day on the Planters Trust & Savings bank, with total deposits of $850,000. The bank met all demands uninterruptedly during the day but it was deemed advisable, for the proper protection of all depositors, that a reorganization be effected. This was accordingly completed over the week-end, and after only a few hours' suspension of business on the Monday following, viz Jan. 25, 1932, the bank reopened as the Planters Trust & Savings bank of Opelousas.

7. April 8, 1932 The News-Star Monroe, LA

Article Text

Official Declares Banking Situation Is Satisfactory By J. S. Brock (State Bank Commissioner) NEW ORLEANS, April 8.—(AP)—The banking situation in Louisiana may be regarded with considerable satisfaction in view of general conditions that have prevailed for sometime, and as compared with the banking situation throughout the country as a whole. During 1931 there were only five small banks to close in Louisiana and go into forced or judicial liquidation. Since the beginning of 1932 several other comparatively small banks have suspended, but for the most part their suspension was only temporary; practically one hundred per cent having resumed business, by reorganization, merger or refinancing. Changes among state banks of Louisiana since January 1, 1932, are as follows: Planters Bank, Cheneyville, La., with deposits of approximately $90,000 suspended January 9, 1932. Reopened January 11, 1932, as branch of the Commercial Bank & Trust company of Alexandria, La. Parish Bank & Trust company of Opelousas, La., with total deposits of approximately $390,000, suspended January 23, 1932. Reorganized and reopened March 1st as Parish Trust & Savings Bank. Following the close of the Parish Bank & Trust company of Opelousas on Saturday, January 23, a "run" of considerable proportions developed and continued throughout the day on the Planters Trust & Savings Bank, with total deposits of $850,000. The bank met all demand uninterruptedly during the day but it was deemed advisable, for the proper protection of all depositors that a reorganization be effected. This was accordingly completed over the week-end, and after only a few hours of suspension of business on the Monday following, viz., January 25, 1932, the bank reopened as the Planters Trust & Savings Bank of Opelousas. Breaux Bridge Bank & Trust company of Breaux Bridge, La., with total deposits of approximately $264,000, suspended January 29, 1932, reorganized and reopened March 16th, under the name of Farmers & Merchants Bank. Bank of Abbeville, Abbeville, La., with total deposits of approximately $688,000 suspended February 2, 1932, reorganized and reopened March 16th as Bank of Abbeville & Trust company. Bank of Maurice of Maurice, La., with total deposits of approximately $51,000, suspended February 3, 1932, reopened March 16th as a branch of Bank of Abbeville & Trust company. Bank of Loreauville of Loreauville, La., with total deposits of $70,000, suspended February 8, 1932, is now in process of reorganization and is expected to reopen within a few days. The Citizens Bank of Franklinton, La., with total deposits of approximately $72,000, closed February 15, 1932, has been placed in liquidation, and is the only bank this year to be forced to go in judicial liquidation. In this case, however, arrangements were perfected whereby the depositors are to receive 50 per centum of their funds without delay, with a fair prospect of eventually receiving considerably more. In addition to the above, one other bank which suspended in December, 1931, has been reopened by merger with another bank in the same town. Also one of the banks that closed in November, 1931, and which has since been in process of liquidation, has practically completed its plans for reorganization and reopening, its reopening being contingent only upon its obtaining a loan from the reconstruction finance corporation. It has been reported that there were some thirty-six hundred bank failures in the United States during the past two years. Of this number only eight were in Louisiana. In the several reorganizations and reopenings of banks mentioned, it was found necessary in order to better conserve the interests of all concerned to provide that depositors' funds be made available only on a time payment basis. Eight banks and three branches have been reopened by using this plan, and more than 100,000 certificates of deposit have been issued. In this manner some twenty thousand depositors having approximately $4,500,000 on deposit have been protected for the full one hundred per centum of their deposits. Records of forced or judicial liquidations of banks will show an average loss to depositors of from 40 to 50 per centum. Therefore, through the method of reorganization used in the case of the eight banks listed above, there has resulted a saving of nearly two million dollars to depositors. The reconstruction finance corporation has contributed material aid to many banks throughout this section. Louisiana and Mississippi bankers are fortunate in having a local office of this corporation located in this city to facilitate negotiations for loans; also, that the advisory board and staff of officials of this office is composed of outstanding bankers and

8. April 16, 1932 Weekly Town Talk Alexandria, LA

Article Text

Brock Regards Banking Conditions in Louisiana With Considerable Satisfaction State Bank Commissioner Only Small NumReports ber Closed and Practically All Reopen. (By Brock, Bank Commissioner) Associated Press) NEW April banking Louisiana considview of genprevailed for sometime, as compared with banking situation throughout the whole. During 1931 country five small banks Louisiana and go forced judicial beginning of 1932 several small banks other but for part only temporary: practically hundred cent resumed business, by reorganization, merger or refinancing. Changes among State banks Louisiana since January 1932 are follows: Planters Bank. Cheneyville, deposits approximately suspended January 1932. opened January 11. 1932. branch Commercial Bank Trust Company Alexandria, Parish Bank Trust Company Opelousas, deposits approximately $390,000 pended January and reopened ParTrust Savings Following the close the Parish Bank and Trust Company of OpelouSaturday January and continued day on the Planters Trust Savings The bank demand ruptedly during day but deemed proper reorganization effected. This accordingly completed business the Monday following January 1932. the bank reopened the Planters Trust and Savings Bank of OpelouBreaux Bridge Bank Trust Company Bridge deposits $264.000. January 1932. organized and reopened March 16th under name of Farmers and MerBank total deposits approximately ganized March 16th Bank of Abbeville Trust ComBank Maurice Maurice deposits February March branch Bank and Trust ComBank Loreauville Loreauville with deposits and expected within Citizens deposits February has placed liquida and the this judicial dation. this however perfected the receive per with fair prospect eventually addition the suspended December 1931, has been reopened by merger another bank the one the banks closed November been process of practically plans reorganization and opening being contingent only its loan from the struction Finance Coporation. there hundred failures United during years. this number reorganizations and cerned, depositors payment reopened more certificates of deposit have issued This includes organization during the latter part of 1931. some twenty thousand depositors having approximately deposit protected for full per their deposits. Records forced judicial liquidations banks will age depositors from Therefore, method reorganization the cases the eight banks listed above. there resulted savings nearly million dollars to The reconstruction finance poration contributed many banks this Louisiana Mississippi bankers are fortunate in having this corporation in city facilitate negotiations for the board and officials office composed ing bankers business men section know the values by our banks. are thoroughly conversant with conditions. Credit Corporation rendered considerable valued many our banks inauguration of the construction Finance Corporation.