10326. American Trust Company (Charlotte, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
December 17, 1927
Location
Charlotte, North Carolina (35.227, -80.843)

Metadata

Model
gpt-5-mini
Short Digest
f8358da895a4dfef

Response Measures

None

Description

Article (1927-12-17) reports a receiver was appointed for the American Trust Company (Mecklenburg County superior court), indicating failure and receivership. No newspaper text describes a depositor run. The 1933 notice listing the bank as closed on a Monday appears to be a routine holiday/temporary closure notice and not a suspension related to distress.

Events (2)
1. December 17, 1927 Receivership
Newspaper Excerpt
The American Trust company ... Bank appointed receiver ... by Judge Harding in Meck superior
Source
newspapers
2. January 1, 1933 Other
Newspaper Excerpt
BANK NOTICE ... the following banks be closed American Trust Co. ... (holiday closure listed)
Source
newspapers

Newspaper Articles (2)
1. December 17, 1927 The Charlotte Observer Charlotte, NC
Article from The Charlotte Observer, December 17, 1927

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Article Text

BANK APPOINTED RECEIVER Bankrupt Proceeding Also Are in Process Against Three Hardware The American Trust company for the company Dilworth Hardware company and the Matheson Hardware by Judge Harding in Meck superior the Hard had filed the the they have 29 to but final before

2. January 1, 1933 The Charlotte News Charlotte, NC
Article from The Charlotte News, January 1, 1933

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Article Text

BANK NOTICE Monday. January being a the following banks be closed American Trust Co. Charlotte National Bank Commercial National Bank Independence Trust Co. Merchants & Farmers National Union National Bank