Peoples Bank (Mobile, AL)

Episode Information

Episode UID
8863279391530
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
state
Bank ID
886327939 hash
Start Date
June 10, 1927
Location
Mobile, Alabama (30.694, -88.043)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7b5cba03adf10e4e

Response Measures

None

Description

Multiple papers report a depositor run and immediate closing by the board; no clear follow-up about reopening or permanent closure in these articles.

Events (2)

1. June 10, 1927 Run
Cause Details
Contemporary reports note a depositor run but do not specify a triggering rumor, correspondent failure, or macro shock.
Measures
None stated beyond closing doors on orders of the board; officers awaited state superintendent's advice.
Newspaper Excerpt
Following run on the People's Bank of Mobile this morning
Source
newspapers
2. June 10, 1927 Suspension
Cause
Local Banks
Cause Details
Board ordered the bank closed following heavy withdrawals (depositor run) earlier the same day; state superintendent sent to advise; officers indicated assets exceeded liabilities and plans might be arranged for continuance of business.
Newspaper Excerpt
the doors of the institution were closed on orders of the board of directors
Source
newspapers

Newspaper Articles (11)

Article from The Columbus Ledger, June 9, 1927

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Article Text

Mobile Bank Closes Doors Following Run Mobile, Ala June the Peoples Bank of Mobile morning, the the institution closed of orders of the board of directors the same time statement was issued Stewart dent. the of on his way to bile and that officers the stitution that with the the official some vice plan of bank's business would be arranged.


Article from The Vicksburg Post, June 10, 1927

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Article Text

RUN ON BANK, DOORS CLOSED (Rs The Associated Press.) MOBILE. Ala., June Following run on the People's Bank of Mobile this morning, the doors of the institution were closed on orders of the board of directors. At the same time a statement was issued by Stewart Brooks. president, that the state superintendent of banks, was on his way to Mobile. and that officers of the institution believed that with advice of the state official. some plan for the continuance of the bank's business wuold be arranged.


Article from The Daily Advertiser, June 10, 1927

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Article Text

RUN ON MOBILE BANK CAUSES THE SUSPENSION TODAY MOBILE. June (Associated Press) Following run on the Peoples Bank of Mobile the doors of the institution were ordered closed by the Board of Directors. At the same time it was stated by Stewart Brooks, president of the bank. that the state of banks on his way to Mobile and that officers of the institution believed that with the advice of that official that plan could be worked out for continuing the business of the bank


Article from The Birmingham News, June 10, 1927

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Article Text

MOBILE BANK CLOSED Creditors Will Be Paid In Full And Balance Will Be Left June lowing run on the People's Bank of Friday the doors of the on the board of issued by Brooks, president, that the state banks was on his Mobile, and that officers the institution that advice of official some for the bank's business arranged. The also declared officers the institution were opinion that assets ceeded liabilities. and "If liquiall depos. creditors will be paid and substantial balance will


Article from The Shreveport Journal, June 10, 1927

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Article Text

Mobile Bank Is Closed After Run MOBILE. Ala., June Associated Press. -Following run on the People's Bank of Mobile this morning the doors of the institution were closed on the board of directors. At the same time a statement was issued by Stewart Geo. Farleigh Brooks, president, that the state superintendent of banks on Professor of Music his way to Mobile and that officers of the institution believed that with advice of the state official, some plan for the continuance of the bank's business would be arranged. If housewives in the United States were paid for their labors at the rate of $15 week. the payroll would be fifteen billion dollars yearly.


Article from The Chattanooga News, June 10, 1927

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Article Text

Run Causes Closing of Peoples Bank of Mobile Mobile, on the Peoples Bank Mobile morning doors of the were closed orders of same time was issued by Brooks, the superintendent of banks was on to and the officers the tion believed with the advice of the state official some plan conof bank's business would be The statement also clared officers of of the assets ceeded liabilities and that becomes necessary all and paid in and balance be left the stockholders."


Article from Sun Herald, June 10, 1927

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Article Text

Mobile Bank Closes After Morning Run Mobile Aila. June the Peoples Bank doors of the Mobile morning institution were closed orders the board issued time the Stewart banks state officers his that with ad the the state the bank's plan for would be arranged. Oxford. Oliver Lodge by science gards possibility but inevionly table.


Article from The Valdosta Daily Times, June 10, 1927

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Article Text

Mobile Bank Crashes Under Run During Day Mobile, Ala., June lowing a run on the Peoples Bank of Mobile this morning, the doors of the institution were closed on orders of the board of directors. At the same time a statement was suell by Stewar. Brooks, president, that the state superintendent banks was CD his way to Mobile and that officers of the institution believed that with advice of the state official some plan for the continuation of the bank's business would arranged.


Article from The Tampa Tribune, June 11, 1927

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Article Text

MOBILE BANK CLOSES MOBILE, Ala., June 10.-(A.P.)Following run on the People's Bank of Mobile this morning the doors of the institution were closed on the public by the board of directors. At the same time a statement was issued by Stewart Brooks, president, that a bank examiner was on his way here and that officials of the institution with advice of the state official, some plan for the continuation of the bank's business could be arraigned.


Article from The Owensboro Messenger, June 11, 1927

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Article Text

Mobile Bank Is Closed After Depositors' Run Mobile, Ala., June 10 (P)-Following run on the People's Bank of Mobile this morning, the doors the Institution were closed on orders of the board of directors. At the same time statement was issued by Stewart Brooks, president, that the state superintendent of banks was on his way to Mobile and that officers the institution believe that with advice of the state official some 'an for the continuation of the bank's business would be arranged.


Article from Ledger-Enquirer, June 12, 1927

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Article Text

MOBILE BANK FORCED TO CLOSE ITS DOORS MOBILE. Ala., June 11. (AP) Following run on the Peoples' Bank of Mobile Friday morning, the doors of the institution were closed orders of the board of directors At the same time statement was issued by Stewart Brooks. president and that the state superintendent of banks was on his way to Mobile, and that officers of the institution believed that with the advice of the state official some plan for the continuation the bank's business would be arranged. A few odds and ends in lengths suitable for men's trousers. Will make up at reduced prices. e a cock Clothing C m any, 1017 Broad. For Good Frinting Phone 3105. Quality Press.