10463. Bank of Hollister (Hollister, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 31, 1923
Location
Hollister, North Carolina (36.256, -77.936)

Metadata

Model
gpt-5-mini
Short Digest
c501019297ae048f

Response Measures

None

Description

Articles report the Bank of Hollister was found insolvent and receivers were appointed (1923). The bank is described as 'defunct' in later 1925 articles where former officers are convicted and ordered to repay funds. No run is mentioned; bank was closed and placed in receivership, consistent with suspension leading to permanent closure.

Events (2)
1. August 31, 1923 Receivership
Newspaper Excerpt
Receivers Appointed For Bank Of Hollister...the Bank of Hollister was found insolvent...Judge Kerr appointed W. R. Vaughan...and C. W. Pope, of Hollister, as receivers.
Source
newspapers
2. August 27, 1925 Other
Newspaper Excerpt
former president and cashier of the defunct Bank of Hollister...may escape prison terms by paying to the bank's receiver $12,000...The men were held responsible by the court for $24,000 of the bank's funds and the sentences were suspended upon payment of the money to the receivers for the institution.
Source
newspapers

Newspaper Articles (4)
1. August 31, 1923 Roanoke Rapids Herald Roanoke Rapids, NC
Article from Roanoke Rapids Herald, August 31, 1923

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Article Text

Receivers Appointed For Bank Of Hollister For investigation by the banking department, the Bank of Hollister was found insolvent, and at the hearing before Judge John H. Kerr; at Halifax, there was some dispute by the different interests as to the choice of receivers. S. G. Daniel, of Litcertain tleton, represented creditors and stockholders, and Harold Cooley and L. T. Vaughan represented certain other creditors and stockholders. Judge Kerr appointed W. R. Vaughan, of Vaughan, and C. W. Pope, of Hollister, as receivers. -The Commonwealth.

2. August 27, 1925 The Salisbury Post Salisbury, NC
Article from The Salisbury Post, August 27, 1925

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Article Text

Bank Officials Return Funds To Prison Escape Henderson, Aug. and Schlichter, and cashier former president the defunct bank of in Halifax county, may Hollister terms by paying to escape prison $12,000. the week of Found guilty last the state banking lating withheld until this tence Schlichter senweek. tenced by Judge Albion five years state serve three his Schlichprison while son, sentence was given three The men were years. by the court for $24,responsible bank's funds and the of the sentences were suspended upon of the money the payment ceivers for the institution. Twelve thousand dollars was paid by them immediately after being sentenced and given until January they were 1927 to make good the balance.

3. August 27, 1925 The Greensboro Record Greensboro, NC
Article from The Greensboro Record, August 27, 1925

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Article Text

Tar Heel Bankers To Pay Losers Big Sum B. and C. M. Schlichter. former president and cashier respectively of the defunct Bank of Hollister in Halifax county may escape prison terms by paying to the bank's receiver $12,000. Found guilty last week of violating the state banking laws sentence was withheld until this week A. B. Schlichter was sentenced by Judge Albion Dunn to serve three to five years in state prison while his son, O. M. Schlichter was given sent ence of two to three years. The men were held responsible by the court for $24,000 of the bank's funds and the sentences were suspended upon payment of the money to the receivers for the institution Twelve thousand dollars was paid by them immediately after being sentenced and they were given until January 1927 to ma ke good the balance.

4. August 28, 1925 The Charlotte Observer Charlotte, NC
Article from The Charlotte Observer, August 28, 1925

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Article Text

MAY ESCAPE PRISON BY REFUNDING BANK MONEY President and Cashier of Defunct Bank of Hollister-Convicted at Halifax. Schlichter former president and cashier. the defunct bank of Hollister. in Halifax county may escape prison terms paying to the bank's ceiver last week of violat Ing the state banking laws withheld until this week. B. by Judge Albion Dunn to to five years in state prison while his Schlichter was given tence The men held by court of the bank funds and the suspended of the money to the receivers for the institution Twelve dollars paid by them after being they January 1927 to make good the balance.