Article Text
Negro Bank Fails. Natchez.-The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
Bluff City Savings Bank (Natchez, MS)
Episode Information
- Episode UID
85004471367- Episode Type
- Run → Suspension → Closure
- Bank Type
- savings
- Bank ID
-
8500447routing - Routing Number
85-0044- Start Date
- November 7, 1913
- Location
- Natchez, Mississippi (31.560, -91.403)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
03fdccfcad11094a
Response Measures
None
Description
Closure followed a run triggered by the failure of the First Natchez Bank; receiver was later handling liquidation and paying dividends.
Events (5)
1.
November 7, 1913
Run
- Cause
- Local Banks
- Cause Details
- Run occurred immediately after the failure of the First Natchez Bank in the same town, provoking withdrawals from Bluff City Savings Bank.
- Measures
- Closed its doors
- Newspaper Excerpt
- Negro Bank Fails. Natchez.-The Bluff City Savings Bank, a negro institution, closed its doors on account of a run made as a result of the failure of the First Natchez Bank.
- Source
- newspapers
2.
January 10, 1914
Suspension
- Cause
- Local Banks
- Cause Details
- Bank closed following the run triggered by failure of a white (First Natchez) bank; closure to convert invested property into cash.
- Newspaper Excerpt
- Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash.
- Source
- newspapers
3.
July 22, 1914
Other
- Newspaper Excerpt
- The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent, having collected $12,665.09 and disbursed $10,279.42, leaving a cash balance of $2,394.67. The First Natchez Bank of this city, which closed its doors the same day, has not paid its depositors a dividend. / Natchez Special (1914-07-22).
- Source
- newspapers
4.
July 22, 1914
Receivership
- Newspaper Excerpt
- The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account.
- Source
- newspapers
5.
January 21, 1916
Other
- Newspaper Excerpt
- At the term of chancery court now in session here Chancellor R. W. Cutrer rendered a decree authorizing the receiver of the Bluff City Savings Bank to pay an additional 20 per cent dividend to the depositors of the failed institution. This will make 60 per cent in all that has been paid since the institution closed about two years ago.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
Bluff City Savings Bank, of Natchez, Miss., a colored enterprise, has been closed. The bank is not insolvent, but the failure of a white bank. in the same town caused a run upon the colored bank, and it was closed until the property in which the money was invested could be converted into cash. Colored contractors are doing a large part of the rebuilding of the section of Hot Springs, Ark., which was destroyed in the recent fire there A white contractor, who came from New Orleans with a few white workman, hierd colored men in addition. The white laborers complained and were told to work with the colored men or quit.
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Article Text
Natchez Bank Failure. The receiver of the Bluff City Bank, a defunct negro savings bank, has filed his second account. His report states that the bank has paid a dividend of 20 per cent, having collected $12,665 09 and disbursed $10,279 42, leaving a cash balance of $2,394.67. The First Natchez Bank of this city, which closed its doors the same day, has not paid its depositors a dividend. / Natchez Special
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Article Text
BANK PAYS DEPOSITORS. Natchez, Miss, Jan. 21.-At the term of chancery court now in session here Chancellor R. W. Cutrer rendered a decree authorizing the receiver of the Bluff City Savings Bank to pay an additional 20 per cent dividend to the depositors of the failed institution. This will make 60 per cent in all that has been paid since the institution closed about two years ago. The chancellor also gave an order approving the charter of Our Shoe Store, which went into the hands of a receiver several months ago and the liquidation of the business. A number of divorce decrees were also given.