10476. Bank of Knightdale (Knightdale, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 27, 1925
Location
Knightdale, North Carolina (35.788, -78.481)

Metadata

Model
gpt-5-mini
Short Digest
fc6201a6eb0000aa

Response Measures

None

Description

Newspapers describe the Bank of Knightdale as defunct and old and discuss a receiver winding up its affairs and fees for that winding-up. There is no description of a depositor run in the articles provided; rather the bank has been closed and placed in receivership. Dates of failure are not stated explicitly in the clippings; the receiver is mentioned in a 1925 article and winding-up/fee matters discussed in 1928.

Events (3)
1. October 27, 1925 Receivership
Newspaper Excerpt
depositors of the defunct Bank Knightdale yesterday ... the Wake County Superior ... Fulghum, the receiver ... put money in Bank that failed and depositors of the defunct Bank Knightdale yesterday ... Fulghum, the receiver ... winding up affairs
Source
newspapers
2. March 30, 1928 Other
Newspaper Excerpt
winding up affairs of the old Bank of Knightdale ... Claim Fees Of 2 Lawyers In Bank Case Exhorbitant
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank had gone out of business and was being wound up; a receiver was appointed to settle affairs.
Newspaper Excerpt
The Bank of Knightdale went out of for business with $13,000 deposits and $10,000 capital stock.
Source
newspapers

Newspaper Articles (2)
1. October 27, 1925 The News and Observer Raleigh, NC
Article from The News and Observer, October 27, 1925

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Article Text

Sue Knightdale Bank ceiver Who Put Money In Bank That Failed and depositors of the defunct Bank Knightdale yester day the Wake County Superior in attempt Fulghum, the liable for Central Company, of Raleigh. The depositors that did not with due funds the Bank Knightdale the Central Bank and Trust Com They that he found out the condition the attorneys contend that he had knowledge the Central and Trust pany and that cir put him There was court any dealt with the Testimomny for the stockholders depositors the whole day yesterday and put by attorenys for The amount in the the Central and Trust pany was is subject the the Raleigh One dividend of has already paid and are put the stand terday by the Page, Broyle, Wade H. Harris, tis, George Hillard Guy Tyson, Mur Crow, and Wiley Barnes. represented by and Pou, Bailey, Douglass and Douglass, attorneys. Biggs attorneys, represent Fulghum.

2. March 30, 1928 News and Record Greensboro, NC
Article from News and Record, March 30, 1928

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Article Text

Claim Fees Of 2 Lawyers In Bank Case Exhorbitant Daily News and Telegraph Office Raleigh, March and court visitors are Interested in hearing before Judge H. Cranmer when the fees of Receiver J. Fulghum Attorney Allen Barwick, winding up affairs of the old Bank of Knightdale, are to The Bank of Knightdale went out of for business with $13,000 deposits and $10,000 capital stock. The been paid in full. But the basis of the in. quiry is the allegation that Messrs. Fulghum and Barwick lowed $6,250 fees for the settlement of this bank's affairs, and that represents nearly per cent the deposits claim made that this is an exorbitant allowance.