Article Text
The Bank of Ayden, a state institution. failed to open for bus ness Thursday, officers announcing that "fromen loans" and dwindling accourts forced the suspension.
10298. Bank of Ayden (Ayden, NC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 8, 1927
- Location
- Ayden, North Carolina (35.473, -77.416)
Metadata
- Model
- gpt-5-mini
- Short Digest
d781b09fa8f05b0f
Response Measures
None
Description
Article (Watauga Democrat, 1927-12-08) reports the Bank of Ayden 'failed to open for business Thursday' with officers saying 'frozen loans' and dwindling accounts forced the suspension. No reopening or receivership is mentioned in this clipping; I classify as suspension leading to closure given the wording, but permanent closure/receiver is not explicitly stated in the text.
Events (1)
1.
December 8, 1927
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Officers cited 'frozen loans' and dwindling accounts as the reason for suspending operations.
- Newspaper Excerpt
- The Bank of Ayden, a state institution, failed to open for business Thursday, officers announcing that frozen loans and dwindling accounts forced the suspension.
- Source
- newspapers
Newspaper Articles (1)
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