10350. Bank of Sampson (Clinton, NC)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
June 22, 1931
Location
Clinton, North Carolina (35.000, -78.332)

Metadata

Model
gpt-5-mini
Short Digest
37b5bf7a8cefe9e7

Response Measures

None

Description

Articles (dated June 22โ€“23, 1931) report the Bank of Sampson in Clinton did not open and was placed under state banking department control after the nearby Bank of Clinton shut to avoid a run. The coverage describes a precautionary/state-ordered suspension and expresses hope the institution could reopen; no definitive permanent closure or receivership is reported in these items.

Events (1)

1. June 22, 1931 Suspension
Cause
Government Action
Cause Details
Closed and placed in hands of the state banking department (precautionary after the Bank of Clinton shut to avoid a run).
Newspaper Excerpt
The Bank of Sampson... did not open business here this morning... notice posted on the door of the Bank Sampson.
Source
newspapers

Newspaper Articles (3)

Article from Goldsboro News-Argus, June 22, 1931

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Article Text

Bulletins June 22. Howard Simpson, cashier of the Guilford Bank county. today admitted shortage "$20,000 more" his counts, state banking department officials announced. The bank did not open today. Washington. June 22. federal deficit today driven down to $879,168,571 by additional payments the second installment of 1930 income taxes. Intax payments tabulated June totaled and caused decline of from the preceding day's deficit figure. Raleigh, June 22. political gossip steadily increasing Governor Max emphatically denied that been was supporting the Ehringhaus Elizabeth City for governor. June (AP) officers stated that the Bird. 80-year-old farmer the federal bank had had notice Lauada section struck the intention of the Bank of Clinautomobile and instantly heavy ton close. Anticipating killed on highway near here to- which the bank might not said the aged man able the Sampson notice from behind truck di- the directors therefore orderthe path of an automobile the bank closed Dan DeHart. Officers the Bank of Sampson June stitution was solvent. They driver they hoped able to reopen. the automobile which Vivian Bethune president McKenzie is cashier of the Bank Gordon met her death, today accused Harry Stein strangling the Broadway night club habitue Graham president Robinson cashier of the Bank man to whom was inSampson. debted. Schiletten made the accuThe Bank of Clinton had resoursation testifying state $484,273.79 according to the of murder trial of Stein made March 25. The report Samuel Greenberg before Juscapital stock the bank Albert Cohn and in the jury taled surplus Bronx supreme court.


Article from Goldsboro News-Argus, June 22, 1931

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Article Text

Bank Of Closes To Sampson Avoid Run After Bank Of Clinton Shuts Up (Special to Bank of June Clinton state bank. and the Bank Sampson federal bank. did not open business here this morning. leaving Clinton without banking notice posted on the door of the Bank Clinton stated order of the board directors, the bank has been placed in the hands of the state banking conserving the interthe depositors. the door of notice posted on the Bank Sampson. which Just across the street from the Bank of be expressed belief that the insaid and and paid toand loans and discounts Bank Sampson on the The issued report showcapital


Article from The Atlanta Constitution, June 23, 1931

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Article Text

TWO CLINTON BANKS SUSPEND OPERATION CLINTON, N. June Clinton was deprived of banking facilities with closing today of the Bank of Clinton, and the Bank of Sampson. The first notified depositors had placed its affairs in the state department assets for depositors. The Bank announced it closed because had been notified of the Clinton tention to close and wished to prevent a run. The Bank of Clinton listed capital $50,000. resources the Sampson. capital $30,000: resources $263,788.50.