First National Bank - Burlington, NC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 8649
Charter Number: 8649
Start Date: October 1, 1929*
Location: Burlington, North Carolina (36.096, -79.438)

Metadata

Model: gpt-5-mini
Short Digest: ac684ba2

Response Measures

None

Description

OCR of article is poor. Article (Burlington Daily Times, 1930-08-08) states First National Bank suspended business here last Oct[ober] and discusses examiners/State Banking News and possibilities of reopening; regulator involvement implied. I infer the suspension was regulatory/government action and that reopening was anticipated. Date of suspension inferred as 1929-10-00 from the article text; actual day not provided.

Events (1)

1. October 1, 1929* Suspension

Cause: Government Action
Cause Details: Article references State Banking News, chief examiner expected, and closed doors — indicates regulator involvement/facilities and examination resulting in suspension or regulatory action.
Newspaper Excerpt: First National bank suspended business here last OcOfficials ... reiterated that the and that measPresident Swan ... possibilities of reopening.
Source: newspapers

Newspaper Articles (1)

1. August 8, 1930 Burlington Daily Times Burlington, NC

Article from Burlington Daily Times, August 8, 1930

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Article Text

Bern. Aug. the State Banking New today to could about giving facilities. Chief Examiner John Mitchell was expected later in the the Citizens Bank Trust company and the EastBank and Trust company. closed their doors here yesterday. leaving Bern only Industrial Five branches this section also First National bank suspended business here last OcOfficials of the two banks today reiterated that the and that measPresident Swan. of the declared his bank would closed had officials not been under the impression that reopen immediately. public confidence was Directors of the Eastern late yesthe possibilities of reopening.