Peoples State Bank (Mitchellville, TN)

Episode Information

Episode UID
87058371498
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8705837 routing
Routing Number
87-0583
Start Date
October 1, 1924
Location
Mitchellville, Tennessee (36.632, -86.541)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4cdfe0ae03c846a1

Response Measures

None

Events (2)
1. October 1, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier L. N. Moore disappeared shortly before the bank closed, implying internal trouble possibly involving misappropriation or insolvency.
Newspaper Excerpt
The bank ... has been closed since October 1, shortly after the departure of Moore.
Source
newspapers
2. October 11, 1924 Receivership
Newspaper Excerpt
Judge Joseph W. Stout ... appointed S. S. McConnell, state superintendent of banking, as receiver to take over and wind up the affairs of the Peoples' State Bank at Mitchellville, Sumner county, Tenn.
Source
newspapers

Newspaper Articles (2)
1. October 11, 1924 The Leaf-Chronicle Clarksville, TN
Article from The Leaf-Chronicle, October 11, 1924

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Article Text

STOUT APPOINTS BANK RECEIVER McCONNELL WILL TAKE OVER OF INSTITUTION AT MITCHELLVILLE, SUMNER COUNTY. Judge Joseph W. Stout, of the Sixth Chancery Division of Tennessee, this afternoon, upon application presented by H. L. McGlothlin, of Gallatin, Tenn., appointed S. S. McConnell, state superintendent of banking, as receiver to take over and wind up the affairs of the Peoples' State Bank at Mitchellville, Sumner county, Tenn. L. N. Moore, cashier of the bank, who recently disappeared, has been arrested, it is said, in Jacksonville, Fla., and will be returned to Gallatin. The bank, which had a capital stock of $7,500, has been closed since October 1, shortly after the departure of Moore.

2. October 12, 1924 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, October 12, 1924

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Article Text

APPOINTS BANK RECEIVER Petition Filed In Court Against Peoples Bank In Tennessee. CLARKSVILLE, TENN., Oct. 11.—Judge Joseph W. Stout, of the sixth chancery division of Tennessee this afternoon, upon application presented by H. L. McGlothin, of Gallatin, Tenn., appointed S. S. McConnell, state superintendent of banking, receiver to take over and wind up the affairs of the People's State Bank at Mitchellville, Sumner county, Tenn. L. N. Moore, cashier of the bank who recently disappeared has been arrested it is said in Jacksonville, Fla., and will be returned to Gallatin. The bank had a capital stock of $7,500 and has been closed since October 1, shortly after the departure of Moore.