Central Bank and Trust - Asheville, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1929*
Location: Asheville, North Carolina (35.601, -82.554)

Metadata

Model: gpt-5-mini
Short Digest: 1ea098c5

Response Measures

None

Description

Article (1932-12-21) refers to the bank wreck/collapse of Central Bank and Trust in Asheville in 1929 and convictions (Lea(s)) in connection with the wreck. No contemporaneous run is described; the piece refers to a collapse and criminal conspiracy. OCR errors in the article text were corrected (e.g., garbled sentences).

Events (1)

1. January 1, 1929* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Collapse/wreck of the bank tied to criminal conspiracy (convictions of Luke Lea and others) leading to closure of the bank in 1929; described as a bank 'wreck' rather than a mere rumor or correspondent failure.
Newspaper Excerpt: there would one most colossal crashes the state had known... when closing came
Source: newspapers

Newspaper Articles (1)

1. December 21, 1932 News and Record Greensboro, NC

Article from News and Record, December 21, 1932

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Article Text

NEXT MOVE IS FIGHT EXTRADITION All Other Avenues From Serving Sentence Have Been Closed. GOV. GARDNER WILL ACT Daily News Telegraph Office 406 Raleigh, Dec. 20.-North Carolina's Supreme court expects officially tomorrow the action of the United States Supreme court in refusing to review appeal of Luke Lea. senior and junior, from conviction alleging conspiracy the bank wreck Asheville and as soon their five honors go over the paper they will notify Buncombe county Superior to send capias to Nashville to get the Leas for their service Raleigh Governor to friendly ex-Colonel Senator Luke Lea. has but few days of rule. could course refuse honor Gardner's requisition. there are executives to follow Mr. Gardner and Mr. ton will make request for the Leas His of the men in North Carolina knew deal about the Central Bank and Trust than year a head of the collapse. Mr. Gardner hadn't particle surprise when closing came. Once in 1929. early after came he said there would one most colossal crashes the state had known. but the himself banker. never identified the wreckpotential So there isn't chance to delay