Birmingham Bank Heist: Panic Grips the City as Fears of Further Closures Mount

In a stunning turn of events, the Leeds State Bank in Leeds, Alabama, closed its doors on July 9, 1929, marking the fifth institution in the Birmingham district to shut down in just two weeks. The bank’s failure was announced by officials, who revealed that the institution’s affairs had been placed in the hands of the state banking department following a frantic run on Saturday. The Leeds bank, capitalized at a modest $25,000, was the latest casualty in a growing financial crisis that has sent shockwaves through the community.