Article Text
Bank of Rowland Opens Its Doors Stringency of Money Market Caused Bank to Close June 29 of The signed
10565. Bank of Rowland (Rowland, NC)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- June 29, 1929
- Location
- Rowland, North Carolina (34.537, -79.291)
Metadata
- Model
- gpt-5-mini
- Short Digest
0e522bcca5f48a71
Response Measures
None
Description
Articles report that the Bank of Rowland voluntarily closed (suspended) on June 29, 1929 because of stringency of the money market and reopened August 16, 1929 after depositors signed agreements to refrain from withdrawals until Jan 1931. No run is described; suspension appears voluntary to protect depositors.
Events (2)
1.
June 29, 1929
Suspension
- Cause Details
- Board of directors voluntarily closed the bank on June 29, 1929 to protect depositors due to money-market stringency.
- Newspaper Excerpt
- Stringency of Money Market Caused Bank to Close June 29
- Source
- newspapers
2.
August 16, 1929
Reopening
- Newspaper Excerpt
- BANK OF ROWLAND IS REOPENED TO PUBLIC Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland...reopened for today with McKay collection and Pleasants cashier...The board of directors voluntarily the of the institution 29 order to protect depositors. Since that time almost the number of depositors have signed an agreement that they will for their money before January 1931,','cause':null,
- Source
- newspapers
Newspaper Articles (2)
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Article Text
BANK OF ROWLAND IS REOPENED TO PUBLIC Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland, which was closed several weeks ago because the stringency of the money market, reopened for today with McKay collection and Pleasants cashier. The board of directors voluntarily the of the institution 29 order to protect depositors. Since that time almost the number of depositors have signed an agreement that they will for their money before January 1931,