Sallis Bank (Sallis, MS)

Episode Information

Episode UID
85050271594
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8505027 routing
Routing Number
85-0502
Start Date
October 7, 1932
Location
Sallis, Mississippi (33.022, -89.765)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
338c37ddf9c70971

Response Measures

None

Events (1)
1. October 7, 1932 Receivership
Newspaper Excerpt
Sallis, Sallis Bank (receiver) $43,500.
Source
newspapers

Newspaper Articles (3)
1. October 7, 1932 The Vicksburg Post Vicksburg, MS

Article Text

R. F. C. Loan Figures Are Made Public Continued from Page One) Gibbsland. First National Bank in Gibbaland $16,000 Houma. Bank of Terrebonne & Trust Company $200,000 Independence Bank & Trust Company $110.000 Janesboro, Jackson Parish Bank, Kaplan, Kaplan State Bank, Lake Providence Lake Providence Natehtoches Exchange Bank of Natchitoches, and Farmers Bank grepaid in full New Orleans. Interstate True Banking Company $178,375.50 Paincourty Bank of PaincourtPonchatoula Ponchatouia Bank & Trust Company $40.000. Saint Joseph. Bank of St. Joseph & Trust Company. $45,000 St. Martinville Bank of St Mar. unville. $11.000 Springhill Commercial Bank Trust Company $20,000 Mississippi Biloxi. Peoples Bank, $20,000 Booneville Bank of Booneville 315.40 Greenwood Greenwood Savings Bank (receiver) $140.000 Gulfport. First National Bank in Kosciusko. Guaranty Bank & Trust Company (receiver) $42.500. Kosciusko, Koscrusko Bank $47,Lauderdale Lauderdale State Meadville Bank of Franklin $17,379.85 Olive Branch, Bank of Olive Sallis Sallis Bank (receiver) Tunica Planters Bank $59.965 Tupelo. Citizens State Bank, $39,014.23 Building and Loan Associations Louisiana Minden. the Minden Building & Loan Association. $24,871. Insurance Companies: Louisiana: New Orleans, Union Indemnity Co., Mortgage Loan Companies: Louisiana Shreveport Abraham Lincoln Home Founding Co., Inc., $10,000.

2. October 7, 1932 The Crowley Post-Signal Crowley, LA

Article Text

Baton Rouge, La., Oct. 7.—Sixteen Greek-letter social fraternities at Louisiana State University pledged 348 students during the rushing season which closed Friday. Sigma Nu fraternity led with a total of 43 pledges. Sigma Alpha Epsilon and Delta Sigma Phi came next with 29 pledges each; Pi Kappa Alpha pledged 28, and Theta Kappa Nu 26. The figures do not include the pledge lists of Zeta Beta Tau and Theta Kappa Alpha, which are not yet available. The total number of fraternity pledges for the opening semester of the 1932-33 session is expected to pass 375 when all pledges are announced. The name of V. Lamar Gresham of Crowley was announced as a pledge to Kappa Sigma and that of Allen Smith as pledged to Pi Kappa Alpha. Trust Co. (Receiver) $42,500. Kosciusko, Kosciusko Bank $47,795.20. Lauderdale, Lauderdale State Bank $7,000. Meadville Branch, Bank of Olive Branch $30,000. Sallis, Sallis Bank (receiver) $43,500. Tunica Planters Bank $59,965. Tupelo, Citizens State Bank $39,014.23. Building and Loans Building and Loan Associations: Louisiana City: Minden, The Minden Building and Loan Association $24,871. Insurance Companies: Louisiana: New Orleans, Union Indemnity Company $400,000. Mortgage Loan Companies: Louisiana: Shreveport, Abraham Lincoln Home Founding Company, Inc., $10,000.

3. October 7, 1932 Sun Herald Biloxi, MS

Article Text

LOANS MADE COAST BANKS (Continued from first page) obtained a loan from the Reconstruetion Finance Corporation. "The publication of the July report of the Reconstruction Finance Corporation, during the month of August, did not have the bad effect upon the banks as predicted by the opponents of the provision. "This is shown by the greatly decreased number of bank suspensions that have occurred since the report was published. "During the month of July there were 131 suspensions. During the month of August 85 suspensions; and during the month of September 63 suspensions, XXX "All of the other objections raised in the brief as to the wisdom of policy of requiring public monthly report of the corporation's activities were presented to Congress by the corporation or other persons before the act was passed." The report itself showed that a considerable number of loans which were authorized during August were withdrawn or cancelled in full, including authorizations to 35 banks and trust companies aggregating $2,631,571. Bank and trust companies in Mississippi received loans as follows: Biloxi, Peoples Bank $20,000: Booneville, Bank of Booneville, $84,500 Clinton, Bank of Clinton $31,315.40 Greenwood, Greenwood Savings bank (receiver) $140,000. Gulfport, First Natonal Bank in Gulfport (receiver) $280,000; Kosciusko, Guaranty Bank and Trust Co. (receiver) $42,500; Kosciusko Bank $47,795.20; Lauderdale, Lauderdale State Bank $7,000: Meadville, Bank of Franklin $17,379.85 Olive Branch, Bank of Olive Branch. $30,000 Sallis, Sallis Bank (receiver) $43,500; Tunica, Planters Bank $59,965 Tupelo, Citizens State Bank $39,014.23. The Interstate Trust and Banking Co., of New Orleans received a loan of $178,275.25. INSURANCE COMPANIES Birmingham, Lincoln Reserve In surance Co., $66,200. New Orleans, Union Indemnity Co., $400,000.