11665. Charlotte National Bank (Charlotte, NC)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
5055
Charter Number
5055
Start Date
December 5, 1930
Location
Charlotte, North Carolina (35.227, -80.843)

Metadata

Model
gpt-5-mini
Short Digest
ba35351c

Response Measures

Accommodated withdrawals

Description

Several newspapers (Dec 5–6, 1930) report a brief run on Charlotte National Bank caused by depositors confusing it with the defunct First National Bank in early reports. The bank had sufficient cash, paid withdrawals, and did not suspend — faith was restored.

Events (3)

1. January 2, 1897 Chartered
Source
historical_nic
2. December 5, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors called for their money after early reports confused the Charlotte National Bank with the recently failed/defunct First National Bank.
Random Run
Yes
Random Run Snippet
Depositors confused Charlotte National with defunct First National in early reports.
Measures
Bank officials reassured public; paid withdrawals from on-hand cash; statements made that sufficient cash was available.
Newspaper Excerpt
Depositors confuse Charlotte National with defunct institution; run at the Charlotte National Bank confined almost entirely to savings depositors.
Source
newspapers
3. June 17, 1939 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (4)

Article from Burlington Daily Times, December 5, 1930

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Article Text

CAREER PAROLED MEN TODAY Was Elected in Recent Election Leon Allen. Convicted in 1929 of Judge on State Superior Court Longest Termer to Bench. Receive Parole Today. day had ended John month before taken sea: on the North perior cour: bench to which named Humphreys died home here yesterday from fluenza and came ago and monia developed condition regarded critical death He was born county in 1867 and received cation in public schoolthere and University North He moved to Danbury practice and for years leader his In 1911. he married Bertha survives. with daughters. Miss Frances Humphreys. student at Salem colMiss Lou Stella Humphreys. of Danbury The funeral conductd 11 tomorrow of the Danbury Methodist copal church. Dec Max paroled prisoners. Allen. convicted in county in 1929 of highway and sentenced to five ten years the longest termparoled young boy when convicted. sentenced along two others. parole statement said One 0: the two has been paroled and the other has escaped The boy was no more responsible the crime than the other the statement has made good record feel of mand that some consideration shown this RESTORING Others paroled P.oy sentenced county in September to CHARLOTTE years for entering ano None of Other Banks at Charlotte 1930. to four months in Yadkin Have Experienced Withcounty: James land county 1930. of larCharlotte Dec and eight dences of restoration of public faith Cook and were Charlotte banks were seen here referred as following flurry of parole yesterday due the fail16 years of in First National Bank to of party from injuries when the run on the Charlotte National car Matthews turned had dribbled down to small over with the deceased in it as a depositors today. None passenger. CI the other banks experienced


Article from Burlington Daily Times, December 5, 1930

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Article Text

and officials said depositors called in the National Bank for their money when the names the two institutions were confused in early reports. run at the Charlotte National Bank confined almost entirely Officials were as to the amount an the bank stated deposit of of large number of business


Article from The Sentinel, December 5, 1930

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Article Text

CHARLOTTE RUN ON BANK STOPS Depositors Confuse Charlotte National With Defunct Institution. of ration banks here of due of National Bank had dribbled number None the other officials on their money when the names of confused in early The run National was entirely of the said that no felt that cash was on hand to pay all savings depositors.


Article from News and Record, December 6, 1930

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Article Text

FAITH IS RESTORED IN CHARLOTTE BANKS Run On Charlotte National Bank Dribbles Down to Small Number of Depositors. Dec. dences of restoration of public faith in Charlotte banks were seen here today following flurry of apprehension yesterday due to the failure of the First National bank ot run the Charlotte National dribbled down to small bank had number depositors None of the other banks experienced depositors and the Charlotte National for called on when the names of the their money two institutions were confused in The at the Charlotte National run confined almost entirely to was Officials savings said that no alarm the bank felt and that sufficient cash hand all deposion to figures were made public tors. No to the withdrawn as official of the bank terday but an stated that was not as much total deposit of any one of a the large number of business men.