Article Text
The Bank of Ayden, a state institution. failed to open for bus ness Thursday, officers announcing that "fromen loans" and dwindling accourts forced the suspension.
11629. Bank of Ayden (Ayden, NC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 8, 1927
- Location
- Ayden, North Carolina (35.473, -77.416)
Metadata
- Model
- gpt-5-mini
- Short Digest
1ce618cc
Response Measures
None
Description
Newspaper (Watauga Democrat) reports the Bank of Ayden failed to open for business Thursday and officers said frozen loans (OCR 'fromen loans') and dwindling accounts forced the suspension. No later articles about reopening or receivership provided; I therefore classify as suspension leading to closure (most likely outcome) but note the final disposition is not explicitly stated in the single article.
Events (1)
1.
December 8, 1927
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Officers reported 'frozen loans' (OCR 'fromen loans') and dwindling accounts forced the suspension.
- Newspaper Excerpt
- The Bank of Ayden, a state institution, failed to open for business Thursday, officers announcing that fromen loans and dwindling accounts forced the suspension.
- Source
- newspapers
Newspaper Articles (1)
Click image to open full size in new tab