Article Text
Bank Shuts Its Doors. The doors of the Bank of Kinston. N. C., closed. S. H. Loftin, proprietor of the bank. having assigned with liabilities amounting to more than $100,000. The failure has caused a money panic in Kinston.
10470. Bank of Kinston (Kinston, NC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- June 4, 1901
- Location
- Kinston, North Carolina (35.263, -77.582)
Metadata
- Model
- gpt-5-mini
- Short Digest
316a05248b4c8f16
Response Measures
None
Description
Newspapers (June 4–5, 1901) report the Bank of Kinston, S. H. Loftin proprietor, 'closed' and 'assigned' with large liabilities — i.e., an insolvency/assignment and permanent closure. No explicit run described in these items, so classified as a suspension/closure due to bank-specific failure (assignment).
Events (2)
1.
June 4, 1901
Receivership
- Newspaper Excerpt
- S. H. Loftin, proprietor of the bank, having assigned with liabilities amounting to more than $100,000. The failure has caused a money panic in Kinston.
- Source
- newspapers
2.
June 4, 1901
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Proprietor S. H. Loftin 'assigned' the bank with liabilities over $100,000 (insolvency/assignment leading to closure).
- Newspaper Excerpt
- The doors of the Bank of Kinston, N. C., closed. S. H. Loftin, proprietor of the bank, having assigned with liabilities amounting to more than $100,000.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Shuts Its Doors. The doors of the Bank of Kinston, N. C., closed. S. H. Loftin, proprietor of the bank. having assigned with liabilities amounting to more than $100,000. The failure has caused a money panic in Kinston.