10671. Bank of Yanceyville (Yanceyville, NC)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
private
Start Date
December 15, 1860
Location
Yanceyville, North Carolina (36.404, -79.336)

Metadata

Model
gpt-5-mini
Short Digest
6fd92e33c3fff166

Response Measures

None

Description

Articles refer to two separate episodes: an historic suspension of specie payments on 1860-12-15 (deemed an act of insolvency in an 1883 court case) and a 1932 announcement that the Bank of Yanceyville will reopen (scheduled for Thursday after the 1932-05-10 newspaper). No article describes a depositor run. The 1883 piece mentions private stockholders (19th-century private/state-chartered bank); by 1932 the state bank department is involved, so 'state' is used. Dates: 1860 date comes from the 1883 article; 1932 reopening date inferred as 1932-05-12 (the Thursday after the 1932-05-10 paper).

Events (2)
1. December 15, 1860 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension of specie payments on Dec 15, 1860 declared by court to be an act of insolvency
Newspaper Excerpt
the suspension of specie payment on Dec. 15th, 1860, was an act of insolvency
Source
newspapers
2. May 12, 1932 Reopening
Newspaper Excerpt
The Bank of Yanceyville, Caswell county, is scheduled to reopen Thursday, the state bank department having announced plans complete for the event.
Source
newspapers

Newspaper Articles (2)
1. September 1, 1883 Orange County Observer Hillsborough, NC
Article from Orange County Observer, September 1, 1883

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Article Text

ALAMANCE COURT. We learn that on Wednesday of the term was tried the suit of Long, administrator, & C. J. Cowles against the Stockholders of the Bank of Yanceyville. This action was commenced on Dec. 30th, 1872, and has been twice to the Supreme Court. A jury was waived and the facts found by his Honor Judge MacRae. The plaintiffs were represented by E. S. Parker, Esq., and defendants by Col. E. B. Withers, Capt. James A. Graham, and Major J. W. Grabam. After argument bis Honor held that the suspension of specie payment on Deec. 15th, 1860, was an act of insolvency and the liability of the privato stockholders then began, and they were protected by the Statute of Limitations. Appeal again to the Supreme Court by the plaintiffs. It is believed that this is the last of. the old bank suits.

2. May 10, 1932 The Greensboro Record Greensboro, NC
Article from The Greensboro Record, May 10, 1932

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Article Text

BANK WILL REOPEN. YANCEYVILLE, May The Bank of Yanceyville, Caswell county, is scheduled to reopen Thursday, the state bank department having announced plans complete for the event.