Bank of Brevard - Brevard, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 20, 1931
Location: Brevard, North Carolina (35.244, -82.726)

Metadata

Model: gpt-5-mini
Short Digest: b8ea75bb

Response Measures

None

Description

Article (The Charlotte Observer, 1931-09-20) reports the Bank of Brevard failed several months ago and that former officers were on trial, implying a failure/closure rather than a mere temporary suspension. No explicit mention of a depositor run in the excerpt. Cause appears to be bank-specific adverse information (institutional collapse and officers on trial). Date of failure not specified in the excerpt, so event date left null.

Events (2)

1. September 20, 1931 Other

Newspaper Excerpt: Summoned As Witness In Brevard Bank Failure, Crawford Disappears. ... former employe of the defunct Bank of Brevard, who has been missing nearly six weeks.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank collapsed; officers were put on trial on charges related to the institution's failure (suggests embezzlement/mismanagement or similar bank-specific adverse developments).
Newspaper Excerpt: Mr. Crawford had a position with the Brevard bank until its failure several months ago... When the officers of the Brevard bank went on trial about six weeks ago on charges growing out of the collapse of the institution
Source: newspapers

Newspaper Articles (1)

1. September 20, 1931 The Charlotte Observer Charlotte, NC

Article from The Charlotte Observer, September 20, 1931

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Article Text

FORMER BANK MAN MISSING Summoned As Witness In Brevard Bank Failure, Crawford Disappears. WINSTON SALEC, Sept. 19. (AP) of the mysterious disappearance of Jamie Crawford former employe of the defunct Bank of Brevard, who has been missing nearly six weeks. has been received by his nephew, Rev. v. H. of this Mr. Crawford had a position with the Brevard bank until its failure several months ago, after which he went to Eure. make his home with his wife's relatives. When the officers of the Brevard bank went on trial about six weeks ago on charges growing out of the ford was collapse of the institution, Mr. Crawford was summoned to appear as witness He to Brevard but relatives have heard from him since that time discussing the mysterious Harrel had his savings on deposit in the Breclosed and worry the the money and his position caused him to become