Organized on May 27, 1905, and opened for business on Sept. 12, 1905, the Bank of Slaughter began with an initial capitalization of $15,000. It remained in operation until the Banking Panics of the Great Depression, when it failed along with about 11,000 of 30,000 banks nationally, and it closed on May 11, 1933. Bonnie Parker and Clyde Barrow were identified by four local eyewitnesses, including the town physician, as the individuals robbing the bank on Sept. 22, 1932. Bonnie and Clyde were ambushed and killed by six law enforcement officers early on the morning of May 23, 1934, near their hideout in Arcadia in North Louisiana, ending their two-year reign of terror over at least 10 states that included at least 13 murders, primarily of police officers.