Citizens Bank (Sneedville, TN)

Episode Information

Episode UID
87029671597
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
8702967 routing
Routing Number
87-0296
Start Date
January 28, 1933
Location
Sneedville, Tennessee (36.530, -83.217)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
22f5d6b115fc62b5

Response Measures

None

Description

Articles state suspension Jan 28 and that directors plan reopening in about 15 days, but actual reopening not confirmed in these clippings.

Events (2)
1. January 28, 1933 Suspension
Cause
Local Banks
Cause Details
Suspended because of excitement caused by the closing of banks in East Tennessee, positioned as protective measure for depositors.
Newspaper Excerpt
the bank, which suspended business on January 28 for the protection of depositors and to avoid the effect of the excitement caused by the closing of banks in East Tennessee.
Source
newspapers
2. February 3, 1933 Other
Newspaper Excerpt
Stockholders of the Citizens Bank of Sneedville have been called to meet Monday to discuss reopening of the bank, which suspended business on January 28 ... Directors said the bank was solvent and that it could be reopened in 15 days after the notice of suspension was posted. (Feb. 3 report on planned reopening).
Source
newspapers

Newspaper Articles (3)
1. February 4, 1933 The Knoxville Journal Knoxville, TN

Article Text

Ponder Reopening Of Sneedville Bank SNEEDVILLE, Feb. 3.—Stockholders of the Citizens Bank of Sneedville have been called to meet Monday to discuss reopening of the bank, which suspended business on January 28 for the protection of depositors and to avoid the "effect of the excitement caused by the closing of banks in East Tennessee." Directors said the bank was solvent and that it could be reopened in 15 days after the notice of suspension was posted.

2. February 4, 1933 The Knoxville Journal Knoxville, TN

Article Text

Of Sneedville Bank SNEEDVILLE, Feb. 3.—Stockholders of the Citizens Bank of Sneedville have been called to meet Monday to discuss reopening of the bank, which suspended business on January 28 for the protection of depositors and to avoid the "effect of the excitement caused by the closing of banks in East Tennessee." Directors said the bank was solvent and that it could be reopened in 15 days after the notice of suspension was posted.

3. February 4, 1933 The Knoxville News-Sentinel Knoxville, TN

Article Text

Consider Reopening Bank Feb. Reopening of Citizens' Bank of Sneedville will be considered at meeting Monday. Drinnon. president, letter to depositors said that the bank has enough sets to pay all depositors in full permitted to reopen given ample time to liquidate.