11690. Bank of Clyde (Clyde, NC)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
December 15, 1930
Location
Clyde, North Carolina (35.533, -82.911)

Metadata

Model
gpt-5-mini
Short Digest
255df538

Response Measures

Full suspension

Other: Board of directors ordered closing to 'protect depositors'; later reopened and paid dividends.

Description

Multiple December 16, 1930 news stories report the Bank of Clyde failed to open after withstanding runs the previous day and was closed by order of its board to protect depositors. A later article (1931-10-12) indicates the Bank of Clyde had been reopened and paid dividends to depositors/creditors, consistent with reopening after the suspension. Cause attributed to heavy withdrawals linked to runs on other local banks/region-wide banking distress.

Events (3)
1. December 15, 1930 Run
Cause
Local Banks
Cause Details
Heavy withdrawals / runs the previous day; runs appear linked to broader regional bank failures and withdrawals in western North Carolina.
Measures
Withstood runs on Dec 15; board ordered the bank not to open the following day to protect depositors.
Newspaper Excerpt
The Bank of Swannanoa, with deposits of $182,000, and the Bank of Clyde, with deposits of $105,000, failed to open after withstanding runs yesterday.
Source
newspapers
2. December 16, 1930 Suspension
Cause
Local Banks
Cause Details
Board of directors closed the bank after heavy withdrawals (runs) to protect depositors; part of cluster of closures in the region on Dec. 16, 1930.
Newspaper Excerpt
Bank Clyde, Clyde this morning by order of its board of directors, explained the action taken 'to protect the depositors.' The bank heavy withdrawals yesterday.
Source
newspapers
3. October 12, 1931 Reopening
Newspaper Excerpt
The Bank of Clyde, in Haywood per cent dividend last week. ... Depositors and creditors of closed state and national banks and reopened state banks the Asheville area were paid more than $450,000 ... These banks closed during the disturbance last fall, but were reopened. ... The Bank of Clyde, in Haywood ... paid per cent dividend last week.
Source
newspapers

Newspaper Articles (19)
1. December 16, 1930 Hickory Daily Record Hickory, NC
Article from Hickory Daily Record, December 16, 1930

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ELEVEN BANKS CLOSE RALEIGH, Dec. Eleven banks in North Carolina closed their doors today. Four banks in Gaston four Asheville area Western North Carolina. one Cleveland one county and one Bertie county shut their doors. The First National Bank of Gastonia was the largest the The Peoples Bank of Waco in Cleveland with capital of $111,shut its doors. The ClayBanking Company of Clayton. capitalized with resources did not The Bank Aulander Bertie with capital and also did not open. BANK OF CLOVER CLOSES Dec. The Bank Clover, York counclosed its doors today. Robinson, president of the First National Bank of Gastonia, failed to open this morning. also president of the Clover BUNCOMBE BANK CLOSES Dec. Swannanoa Bank and Trust Company oa, in Buncombe failed open doors this the board of directors taking this precautionary measure to protect the bank's assets. In its statement of tion, Swannanoa Bank and Trust Company reported deposliability of with tal stock and surplus and profits amounting $9,040. FRANKLIN BANK SHUT Bank Franklin closed morning leaving the town Franklin, Macon counwithout financial action taken the board of directors protect the deposiface threatened withdrawals today. The Citizens bank, during the financial with the Bank Franklin. BANK FAILS Dec. Bank Clyde, Clyde this morning by order of its board of directors, explained the tion taken "protect the positors. The bank heavy withdrawals yesterday. FLETCHER BANK CLOSES FLETCHER, Dec. Bank Fletcher, Henderson county, o'clock this in face heavy attributed the caused the closing other banks this closed deposit liability cording to the last statement. has surplus undivided profits $21,500. and Rhodes, cashier of the bank.

2. December 16, 1930 Commercial Bangor, ME
Article from Commercial, December 16, 1930

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Eight Banks Now Closed In North Carolina Heavy Withdrawals Given Directors Reason By as For Action Charlotte, N. C., Dec. -Eight North Carolina banks, four in the western part of the state and four in Gaston county either fairs to open or closed their doors today. Directors of the institutions explained the taken measure for the pro tection of "Heavy was given as the rea son in practically The First National bank of Gas tonia, the largest of the eight, had deposits of Resources were given at $4,656,007.08 The other three Gaston banks, the Loan and Trust Company, of Gastonia, the Bank Dallas and the People's Bank of West Gastonia were small The combined deposits totaled Closing of the Bank of Franklin, in Macon county, left that town without financial The bank's were listed at $416,800. The Citizens' bank which merged with the Franklin last month, had deposits of $125,000. The Bank of with deposits of $182,000 and the Bank of Clyde, with deposits $105,000 failed to open after withstanding runs yesterday The Bank of Fletcher in Henderson county, closed in the face heavy after open an hour and half Its de. posits were listed at $103,500. Salt Lake City, Utah. Dec. Columbia Trust Com. pany of this city was placed In the hands of the state department today. Frank president of the institution, said board of directors requested the closing "in order to protect all depositors without "The bank is not ingolvent, having 20 reserve at the close of Monday, and it the opinion of the board that every depositor will paid full." Cook said. "Total deposits $718. 544.24. Total assets are $1,175,-

3. December 16, 1930 The Muskegon Chronicle Muskegon, MI
Article from The Muskegon Chronicle, December 16, 1930

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Wall Street Briefs New York, Dec. of steel rails in the Chicago district has increased to 50 per cent of rated against 40 per cent previously, Dow, Jones & says. Stocks of refined lead in the United States at the end of November showed an increase over October, although November refinery production was under that of the previous month Stocks at the end of totaled tons, against 84,375 in October, the American Bureau of Metal Statisties reports. Total refinery production of lead in the United States in November was 48,988 short tons, against 55 369 in October and 53,237 in September. Approximately 20 organizations have bonus distributions to employes. The latest to announce such action include the National Metal Exchange, two weeks' salary to employes; 10 Operating Bureau, Inc. which manages the loan offices the Beneficial Industrial Loan Corp., weeks' salary employes; and National Real Estate Corp. the Christmas bonus to all employes. Chicago, Dec. (U.S.D.A.) Potatoes 64: on track 167; total U. shipments 448: trading rather slow: sacked per cwt., Wisconsin Round Whites few Round Whites 40; Idaho Russets No. No. Colorado Brown Beauties 1.60; McClures unbranded 1.60-1.65. Charlotte, N. C., Dec. 16-(P)Eleven banks North Carolina closed their doors today. Runs were blamed. Four banks in Gaston county four in the Asheville area western North Carolina, one in Cleveland county, one in Johnston county and one in Bertie county shut their doors. The First National bank of Gastonia was the largest the eleven, with deposits og $3,066,072 on Sep24. The Peoples bank of Waco in Clevecounty, with capital of and resources of $111,338.26 shut its The Clayton Banking company of Clayton, $75,000 of did not open. The Bank of Aulander, in Bertie county, with capital $80,125 and resources of $385,896.95, also did The other three Gaston banks, the Gaston Loan and Trust company of Gastonia, the Bank of Dallas, and the People's Bank of West Gastonia, comparatively small institutions. combined deposits totaled $270,Closing of the Bank of Franklin, in Macon county. that town without financial institution. The bank's deposits were listed at $416,800. The Citizens' bank, which merged with the Franklin last had deposits of $125,000. The Bank of with deof $182,000, and the Bank Clyde, with deposits of $105,000, failed to open later withstanding runs westerday. The Bank of Fletcher, in Hendercounty, closed in after an hour and half. Its deposits were listed at $103,500. S. C. Bank Is Closed York, S. Dec. Bank of Clover, York county closed it's today Lee Robinson, president of the First National bank of Gastonia, which failed to open this morning, also president of the Clover institution. The bank had resources of about $650,000. Utah Bank Closes Salt Lake Utah, Dec. The Columbia Trust company of this city was placed in the hands of the banking department today. Frank B. Cook, president of the institution, said the board of directors requested the closing "in order to protect all depositors without preferThe bank is not insolvent, having 20 per cent reserve at the close Monday, and it is the opinion of the board that every depositor be paid in full,' Cook said. "Total are $718,544.24. Total assets are $1,175,590.93.' W. Va. Bank Closed. Charleston, W. Dec. The state department of banking today the of the Bank of Hillsboro in county. The said the bank was closed Friday "to conserve assets" and that negotiations for taking over the were being by the bank of Marlinton. Bank at Fairmont, W. Va., Closes Fairmont, Dec. The Union of Fairclosed its doors benoon today. Inability to liquiassets rapidly enough to meet demands for was given as the cause for the closing. pfd

4. December 16, 1930 The Times Trenton, NJ
Article from The Times, December 16, 1930

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HEAVY SALES SEND 11 NORTH CAROLINA TODAY'S NEW YORK STOCK MARKET BOND PRICES LOWER (United Press) (United Press) BANKS ARE CLOSED Erie NEW YORK, Dec. -Transactions NEW YORK Dec 16.-Heavy selling the New York Stock Exchange were TODAY'S NEW YORK CURB EXCHANGE broke out the bond market again today, causing resumption of the lower price trend in all but highest grade issues Pressure again converged on Junior railroad bonds. Minneapolis, St Paul & Sault Ste Marie 51/28 appeared on the tape at 55, off 14 points from their previous sale Nolfolk and Southern 5a dipped 44 points, while osses of more than a point each were acored by long list of issues New low marks were reached by Missouri Pa. cific 5s of 1965 Nickel Plate 51/28, St Louis-San Francisco 41/28 and Seaboard Air Line 4a. Erie 58 rallied 2 points against the trend. Directors Explain Action Taken To Protect Depositors in View of Runs CHARLOTTE N. C., Dec 16 -Eleven banks in North Carolina closed their doors today. Four banks in Gaston County, four in the Asheville area of Western North Carolina one in Cleveland County one in Johnston County and one in Bertie County shut their doors. The First National Bank of Gastonia was the largest of the eleven. with deposits of $3,066,072.11 on September The Peoples Bank of Waco in Cleveland County. with capital of $5,000 and resources of $111,338.26 shut Its The Clayton Banking Company of Clayton, capitalized at $75,000 and of $393 731.36 did not open The Bank of Aulander in Bertie County, with capital of $80 125 and resources of $385,896.95 also did not open. The other three Gaston banks the Gaston Loan and Trust Company, Gastonia the Bank of Dallas and the Peoples Bank of West Gastonia were comparat small The combined $270,052.84 Closing of the Bank of Franklin. in Macon County left that town without financial institution The bank's deposits listed at $416.800 The Citizens Bank which merged with the Franklin last month. had deposits of The Bank of Swannanoa with deposits of $182 000 and Bank Clyde, with deposits of #105 000 failed to open withstanding runs yesterday The Bank of Fletcher in County the face of heavy withdrawals after an hour and half Its deposits were listed at $103 500. Directors the institutions explained the action was taken as precautionary for the protection of depositors Heavy withdrawals was given as the reason in practically every case. YORK S. C., Dec. Bank of Clover, York County. closed its doors today. Lee Robinson president of the First National Bank of Gastonia which failed to open this morning. is also president of the Clover institution The bank has resources of about $650,000 SALT LAKE CITY Utah. Dec 16 The Columbia Trust Company. of this city, was placed in the hands of the State Banking Department today Frank B. Cook president of the Institution. said the board of requested the closing "in order to protect all depositors preference "The bank is not insolvent. having 20 per cent. reserve at the close of business Monday. and it the opinion of the board that every depositor will be paid in Cook said "Total deposits are Total assets are OIL MINING RIGHTS GRANTED AMERICANS Press) Loews NEW 16 Following is list traded in the New York Curb Market week ago, 2,116,340; month ago, 2,137,Today 770; year 1929 1930 to 780,387,440 week month ago, year Sales. Straus (Associated Press) Int Nat Elec Ajax Rubber PWP Corp Central Press) STOCKS TUMBLE TO LOWER LEVELS (Continued from Page One) est grade. United States Steel made new low since 1928 and came near the low of that year of 132% New York Central Pennsylvania Railroad, Atchison. Chesapeake and Ohio, and Southern Pacific made new for many years. Railroad bonds were featured by wide declines he shares The rem: of the bond also declined weakening South American issues declined and foreign bonds generally were easy U. S. Gov. ernment issues held steady Wheat sold off to as much as 1% cents bushel Corn broke more than cents Cotton futures made new lows 1915 all months Derallied late the day. Washington news in addition to the suggestions. motion by Senator Heflin abolish mar ginal trading and protest against speculation by banking interests made in the House by Representative McFadden Among the issues making new lows for the year or longer the utility group were North American Public Service of New Jer. sey. Consolidated Gas and Detroit EdiThese issues broke from nearly American Telephone broke Kentucky below 174. New lows in the industria] list for the year longer were made by Amerner Brothers Air Case, Bethlehem Steel Nash Motors, Radio Davison Chemical. Republic Steel Corporation issues and Macy RACING CARDS (Continued from Page One) NEW ORLEANS ENTRIES FIRST Porter Don Thistle Pattie eligible Noon Eather Sweet Evelyn Shonna Horse Playbird Geary Hector Agnes Sorel Surpass SECOND Corp olds and Sullivin Take Dentelle Also eligible The Abbot Genuine Play Lad Hippias THIRD RACE fillies and miles Hallie Curtain Call Dear Orb xEmma eligible Time Alice xMy Lava FOURTH RACE claiming and Haskell Bolls Score Bob Rogers Zoom xTaddywawa FIFTH RACE claiming: olds Sophia SIXTH RACE Cause Duelist Bill SEVENTH olds and Belle Browning xBoyish Bob Princess Also eligible dia Dec 16.-It stated here that the Mary Hausman Nan Afghan has granted D 101 Polly portant oil mining to one the American Standard Oil comWeather and fast Horses listed according to post position.

5. December 16, 1930 The Houston Chronicle Houston, TX
Article from The Houston Chronicle, December 16, 1930

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EIGHT BANKS IN NORTH CAROLINA BUSINESS Associated Press. Charlotte, Dec. North Carolina banks, four part the state four Gaston County, closed their today. of the institutions in case taken ure for protection deposit"Heavy generas the reason. First Bank Gastonia, the eight, deposits given other three Gaston banks, the Gaston Loan Trust pany, of Bank and People's Bank West Gastonia small The Closing the Bank of Franklin, in Macon left that town without financial institution. The deposits were listed which Franklin month, had deposits of The Bank of with deposits the Bank Clyde, with deposits failed after withstanding Bank Fletcher, Henderson County, closed the after remaining open hour and half. posits were listed

6. December 16, 1930 Green Bay Press-Gazette Green Bay, WI
Article from Green Bay Press-Gazette, December 16, 1930

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BANKS CLOSE DOORS TODAY Heavy Withdrawals Is Given as Reason for Failure to Open. N. (AP) Eight North Carolina banks, failed to open or closed their doors today. Directors of the institutions in each case explained the action was taken for the protection of depositors. drawals" generally was given as the reason. The First National bank of Gasthe largest the eight, deof Resources given $4,656,067. other three Gastonia the Gastonia Loan and Trust the Dallas and the Peoples of West Gastonia The combined deposits totaled Town Without Bank Closing the Bank left that town without financial inbank's deposits were listed Citizens bank, which merged with the Franklast month, had deposits of $125,000. The Bank of Swannanoa with deposits of $182,000 and the Bank of Clyde, with deposits of failed to open after runs yesterday. The Bank of closed in the face heavy withdrawals after maining open hour half. Its deposits listed at $103,500 ANOTHER BANK CLOSED Clover. York county closed today. Robinson, president of the First National Bank of Gastonia which failed open this president of the Clover institution. bank had resources of about $650,000 IS SUSPENDED LINCOLN closing Continued on Page 28

7. December 16, 1930 Evening Star Washington, DC
Article from Evening Star, December 16, 1930

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TEN BANKS CLOSED TO PROTECT FUNDS Eight Are in North Carolina, One in South Carolina and One in West Virginia. By the Associated Press. CHARLOTTE, N. C., December 16.Eight North Carolina banks, four in the western part of the State and four in Gaston County either failed to open or closed their doors today. Directors of the institutions explained the action was taken as a precautionary measure for the protection of depositors. "Heavy withdrawls" was given as the reason in practically every case. The First National Bank of Gastonia, the largest of the eight, had deposits of $3,066,072.11. Resources were given at $4,656,067.68. The other three Gaston banks, the Gaston Loan & Trust Co. of Gastonia, the Bank of Dallas and the People's Bank of West Gastonia, were comparatively small institutions. The combined deposits totaled $270,052.84. Town Is Bankless. Closing of the Bank of Franklin in Macon County left that town without a financial institution. The bank's deposits were listed at $416,800. The Citizens' Bank, which merged with the Franklin last month, had deposits of $125,000. The Bank of Swannanoa, with deposits of $182,000, and the Bank of Clyde, with deposits of $105,000, failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson County, closed in the face of heavy withdrawals after remaining open an hour and half. Its deposits were listed at $103,500. One Fails in South Carolina. YORK, S. C., December 16 (AP).-The bank of Clover, York County, closed its doors today. J. Lee Robinson, president of the First National Bank of Gastonia, which failed to open this morning, is also president of the Clover institution. One Closed in Hillsboro. CHARLESTON. W. Va., December 16 (AP).-The State Department of Banking today announced the closing of the Bank of Hillsboro, in Pocahontas County. The announcement said the bank was closed on Friday "to conserve assets" and that negotiations for taking over the institution were being made by the bank of Marlington. The Bank of Hillsboro on September 24 had capital stock of $25,000. Its resources were $205,748.72 and its deposits totaled $127,746.

8. December 16, 1930 The Boston Daily Globe Boston, MA
Article from The Boston Daily Globe, December 16, 1930

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EIGHT SOUTHERN BANKS CLOSED Heavy Withdrawals Given as Chief Reason CHARLOTTE, N C, Dec 16 (A. P.)Eight North Carolina banks, four in the western part of the State and four in Gaston County, either failed to open or closed their doors today. Directors of the institutions explained the action was taken as precautionary measure for the protection of depositors. "Heavy withdrawals' was given as the reason in practically every case. The First National Bank of Gastonia, the the eight, had deposits of $3,066,072. Resources were given as 4.656,067. The other three Gason County banks, the Gaston Loan and Trust Company of Gastonia, the Bank of Dallas and the People's Bank of West Gastonia, were comparatively small institutions. The combined deposits totaled $270,052. Closing of the Bank of Franklin, in Macon left that town without, financial The bank's deposits were listed at $416,800. The Citizens' Bank, which merged with the Franklin last month, had deposits of $125,000. The Bank of with deposits of $182,000, and the Bank of Clyde, with deposits of $105,000, failed to open after withstanding runs yesThe Bank of Fletcher, in Henderson County, closed in the face of heavy withdrav after remaining open an hour and half. Its deposits were listed at $103,500.

9. December 16, 1930 The Boston Daily Globe Boston, MA
Article from The Boston Daily Globe, December 16, 1930

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THREE BANKS IN NORTH CAROLINA TOWNS CLOSED ASHVILLE, N C, Dec 16 (A. P.)Three banks in small Western North Carolina towns failed to open their doors today. The closing of the bank of Franklin left that town without financial "institution The bank had deposits of approximately $541,800. The Band of Clyde, with deposits of $105,000, was closed because of heavy withdrawals. The same reason was given for the closing of the Bank of Fletcher, which had deposits of $103,500

10. December 16, 1930 Warren Times Mirror Warren, PA
Article from Warren Times Mirror, December 16, 1930

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EIGHT CAROLINA BANKS SUSPEND Charlotte, Dec. Eight North Carolina banks, four in the western part of the state and four in Gaston county, either failed to open or closed their doors today. Directors of the institutions in each case explained action was taken as precautionary measure for the protection of depositors. "Heavy generally was given as the reason. The First National Bank of Gastonia, the largest the eight, had deposits of $3,066,072. Resources were given at $4,656,067. The other three Gaston banks, the Gaston Loan Trust Company, of Gastonia, Bank Dallas and the People's Bank West comparativesmall institutions The bined totaled Closing of the Bank of Franklin that town without finaninstitution. The bank's its were listed at Citizens Bank, which merged with the Franklin last month, deposits of $125,000. The Bank of with deposits of and the Bank Clyde, with deposits $105,000, failed open after withstanding runs yesterday. The Bank of Fletcher closed the face of heavy Its deposits were listed at $103,500.

11. December 16, 1930 The Herald Rock Hill, SC
Article from The Herald, December 16, 1930

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Mrs. Nancy McGill Is Laid To Rest (By Herald Correspondent) Sharon, Dec. 16.-Funeral services for Mrs. Nancy McGill were conducted in Sharon A. R. P. Church Saturday by her pastor, Rev. E. B. Hunter. assisted by Rev. R. M. Bell, of Hickory Grove, and Rev. O. W. Carmical, of Neely's Creek. Her favorite song, which she repeated just a short time before she passed away, was sung, "I'm Waiting, Waiting for combined deposits were $270,052.84. Closing of the Bank of Frank lin, in Macon county, left that town without a financial institution. The bank's deposits, in its last statement, were listed at $416,800. The Citizens Bank, which merged with the Franklin last night, had deposits of $125,000. The Bank of Swannanoa, in Buncombe county, with deposits of $182,000, and the Bank of Clyde, in Haywood county, with deposits of $105,000, failed to open after withstanding heavy runs yesterday. The Bank of Fletcher, in Henderson county, closed in the face of heavy withdrawals after remaining open an hour and a half. Its deposits were listed at $103,000. the Lord." Pallbearers were G. W. Whitesides, J. A. Whitesides, of this place, Meek McGill, of Hickory Grove. H. M. Blair, of Blairsville, Blakely McGill, of Hickory Grove No. 2, and J. M. White, Jr. Flower bearers were Mrs. Belle McGill Roberts. of Blacksburg, Mrs. Blakley McGill. of Hickory Grove No. 2, and Miss Helen Sherer.

12. December 16, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, December 16, 1930

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11 Banks in Carolina Fail to Open Doors CHARLOTTE N. Dec. 16 -(AP) North Carolina closed doors Tuesday Four banks in Gaston County, four the Asheville area of western North Carolina, in County, in Jornston County and Bertie County shut their Also bank at Clover, S. C., failed The First Bank of Gaswas largest of the with deposits of $3,066,072. on September The Peoples Bank of Waco, in Cleveland County capital of and resources of $111,338.26 doors. Clayton Banking Company, of $75,000 and with resources of $393,731.36. did not open. The Bank of Aulander, in Bertie County. with capital of and resources of also did not open. other three Gaston banks, the Gaston Loan Trust Company, of Gastonia the Bank of Dallas and the Peoples of Gastonia were comparat institutions. The combined $270,052.84 Closing of the Bank Franklin, in County, that without financial The bank's deposits Citizens listed at $416,800. The Bank which merged with the Franklin $125,000. last month. had deposits of The Bank of Swannanoa, with deposits of and the Bank of Clyde, with deposits $105,000. Monday failed to open after withsfanding runs Bank of Fletcher in Henderson in of heavy withdrawals after remaining open an listed hour and half. Its deposits at Bank Clover York County resources about to open Trust Companies NEW the market. Asked Express Comm Ital 255 Banca Sivilia Bank Europe Tr 570 Broadway Plaza Brooklyn Hanover Clinton Bk Tr Exchange County Guaranty Hibernia Inter Madison Trust is County Title Guar Manufacturers Midwood Mutual West Times Square 125 of Nr Am 2800 Westchester Title Tr Westchester

13. December 17, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, December 17, 1930

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ELEVEN BANKS SUSPEND. North Carolina Institutions In Five Charlotte, N. C., December 16banks in North Carolina closed their doors today. Four banks in Gaston County, four in the Asheville area of Western North Carolina, one in Cleveland County, one in Johnston County and one in Bertie County shut their doors. The First National Bank of Gastonia was the largest of the 11, with deposits of $3,066,072 on September 24. The Peoples Bank of Waco in Cleveland County, with capital of $5,000 and resources of $111,338.26 shut its doors. The Clayton Banking Company of Clayton, capitalized at $75,000 and with resources of $393,731.36, did not open. The Bank of Auhlander, in Bertie County, with capital of $80,125 and resources of $385,896.95, also did not open. The other three Gaston banks, the Gaston Loan and Trust Company, of Gastonia, the Bank of Dallas, and the Peoples Bank of West Gastonia were comparatively small institutions. The combined deposits totaled $270,502.84. Closing of the Bank of Franklin, in Macon County, left that town without a financial institution. The bank's deposits were listed at $416,800. The Citizens Bank, which merged with the Franklin last month, had deposof $125,000. The Bank of Swannanoa with deposits of $182,000 and the Bank of Clyde, with deposits of $105,000 failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson County, closed in the face of heavy withdrawals after remaining open an hour and a half. Its deposits were listed at $103,500.

14. December 17, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, December 17, 1930

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ELEVEN BANKS SUSPEND. "North Carolina Institutions In Five Areas Are Closed. Charlotte, N. C., December 16-(AP)-Eleven banks in North Carolina closed their doors today. Four banks in Gaston County, four in the Asheville area of Western North Carolina, one in Cleveland County, one in Johnston County and one in Bertie County shut their doors. The First National Bank of Gastonia was the largest of the 11, with deposits of $3,066,072 on September 24. The Peoples Bank of Waco in Cleveland County, with capital of $5,000 and resources of $111,338.26 shut its doors. The Clayton Banking Company of Clayton, capitalized at $75,000 and with resources of $393,731.36, did not open. The Bank of Auhlander. in Bertie County, with capital of $80,125 and resources of $385,896.95, also did not open. The other three Gaston banks, the Gaston Loan and Trust Company, of Gastonia, the Bank of Dallas, and the Peoples Bank of West Gastonia were comparatively small institutions. The combined deposits totaled $270,502.84. Closing of the Bank of Franklin, in Macon County, that town withfinancial institution. The bank's deposits were listed at $416,800. The Citizens Bank, which merged with the Franklin last month, had deposits of $125,000. The Bank of Swannanoa with deposits of $182,000 and the Bank of Clyde, with deposits of $105,000 failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson County, closed in the face of heavy withdrawals after remaining open an hour and half. Its deposits were listed at $103,500.

15. December 17, 1930 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, December 17, 1930

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ELEVEN BANKS SUSPEND. North Carolina Institutions In Five Areas Are Closed. Charlotte, N. C., December 16banks in North Carolina closed their doors today. Four banks in Gaston County, four in the Asheville area of Western North Carolina, one in Cleveland County, one in Johnston County and one in Bertie County shut their doors. The First National Bank of Gastonia was the largest of the 11, with deposits of $3,066,072 on September 24. The Peoples Bank of Waco in Cleveland County, with a capital of of $111,338.26 $5,000 and resources shut its doors The Clayton Banking Company of Clayton, capitalized at $75,000 and with resources of $393,731.36, did not open. The Bank of Auhlander, in Bertie County, with capital of $80,125 and resources of $385,896.95, also did not open. The other three Gaston banks, the Gaston Loan and Trust Company, of Gastonia, the Bank of Dallas, and the Peoples Bank of West Gastonia were comparatively small institutions. The combined deposits totaled $270,502.84. Closing of the Bank of Franklin, in Macon County, that town without financial institution. The bank's deposits were listed at $416,800. The Citizens Bank, which merged with the Franklin last month, had deposof $125,000. The Bank of Swannanoa with deposits of $182,000 and the Bank of Clyde, with deposits of $105,000 failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson County, closed in the face of heavy withdra wals after remaining open an hour and half. Its deposits were listed at $103,500.

16. December 17, 1930 Leader-Telegram Eau Claire, WI
Article from Leader-Telegram, December 17, 1930

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BANKS FOUR STATES CLOSED North Carolina Leads Others with Seven Suspensions (By Associated Press) GASTONIA, Dec. Gaston county banks failed to open today, leaving only one financial institution in this textile city of 20,The First National Bank and the Gaston Loan and Trust company of Gastonia, the Bank of Dassal and the Peoples Bank of West Gastonia blames "heavy withdrawals." The First National Bank, largest of the four, had $3,066,072 on deposit Sept. Resources were listed $4,Bank officials siad $800,000 had been paid out to depositors since Nov. 20, when the American National Bank of Ashville closed its doors. Three Others Fail ASHEVILLE, N. Dec. Three banks in small western North Carolina towns failed to open today. The closing of the bank of Franklin left that town without financial instituoion. The bank had deposits approximately The bank of Clyde, with deposits $105,000 was closed because of heavy withdrawals. The same reason for the closing the was given he bank of Fletcher, which osite of $103,500. Carolina Bank Closes YORK, Dec. bank Clover, York county, Lee Robinson, of the National Bank of Gastonia, failed to open this morning, also president of the Clover The bank had Resources of $650,000. One in Virginia The State Department today the closing bank Hillsboro "to conserve and that ing over the institution were made the bank The bank on September 24 ital stock of Its $205,748.72 and its deposits taled $127,746. Company SALT CITY, Dec. Columbia was placed in the hands state banking department Frank Cook, president of stitution, said the board of requested closing order protect all depositors without erence." "Total deposits are total assets $1,175,590.98," said, adding that "every will be paid in full."

17. December 17, 1930 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, December 17, 1930

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11 BANKS CLOSE THEIR DOORS IN NORTH CAROLINA Four in Gaston County and Like Number in Asheville Area CHARLOTTE N.C., Dec. 16.(P)-Eleven banks in North Carolina closed today. Four banks in Gaston county, four in the Asheville area of western North Carolina, one in Cleveland county, one in Johnston county. and one in Bertie county shut their doors. The First National bank of Gastonia was the largest of the 11. with deposits of $3,066,072.11 on Sept. 24. The Peoples Bank of Waco, in Cleveland county, with capital of $5,000 and resources of $11,338.26, shut its doors. The Clayton Banking company. of Clayton. capitalized at $75,000 and with resources of $393,731.36 did not open. The Bank of Aulander, in Bertie county, with capital of $80.125 and resources of $385,896.95. also did not open. The other three Gaston banks, the Gaston Loan & Trust company. of Gastonia, the Bank of Dallas, and the Peoples Bank of West Gastonia, were comparatively small institutions. The combined deposits totaled $270,052.84. Closing of the Bank of Franklin. in Macon county, left that town without financial institution. The bank's deposits were listed at $416.800. The Citizens bank, which merged with the Franklin last month, had deposits of $125,000. The Bank of Swannanoa, with deposits of $182,000, and the Bank of Clyde, with deposits of $105,000. failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson county, closed in the face of heavy withdrawals after remaining open an hour and half. Its deposits were listed at $103,500. WEST VIRGINIA BANK CLOSED CHARLESTON, W. Va., Dec. 16.(P)-The state department of banking today announced the closing of the Bank of Hillsboro, in Pocahontas county. An announcement said that negotiations for taking over the institution were being made by the Bank of Marlington. The Bank of Hillsboro on Sept. 24 had capital stock of $25,000. Its resources were $205,748.72, and its deposits totaled $127,746. PARENTS GIVEN CHILDREN NEW YORK, Dec. 16.-(.P)-Mr. and Mrs. Pietro Ricci may keep custody of their young sons, Ruggiero and Giorgio, violin prodigies, Supreme Court Justice Vallente ruled today.

18. December 17, 1930 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, December 17, 1930

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Bond Dealings on New York Stock Exchange ELEVEN BANKS CLOSE IN NORTH CAROLINA High prices Stock Western CHARLOTTE, N. C., Dec. 16.Close. (AP) Eleven banks in North Carolina closed their doors today. Four banks in Gaston county, four in the Asheville area of western North Carolina. one in Cleveland 100 county, one in Johnston county, and one in Bertie county shut their doors. FOREIGN BONDS. CORPORATION The First National Bank of GasManati tonia was the largest of the 11, with P&P Sales Close (in $1,000). High Sydney Hy Ujigawa Unterelbe Upper Venetian Vienna City Warsaw City Un Wurttemberg 831 6s 931 931 today ago January date same year same two years ago Danish trustee. du Pont Marseilles deposits of $3,066,072.11 on September 24. The Peoples Bank of Waco, in Cleveland county, with capital of $5,000 and resources of $11,388.26 shut its doors. The Clayton Banking Company, of Clayton, capitalized at $75,000 and with resources of $393,731.36, did not open. The Bank of Aulander. in Bertie county, with capital of $80,125 and resources of $385,896.95, also did not open. The other three Gaston banks, the Gaston Loan & Trust Co., of Gastonia; the Bank of Dallas and the Peoples Bank of West Gastonia, were comparatively small institutions. The combined deposits totaled $270,052.84. Closing of the Bank of Franklin in Macon/county, left that town without a financial institution. The bank' deposits were listed at $416,800. The Citizens Bank, which merged with the Franklin last month, had deposits of $125,000. The Bank of Swannanoa, with deposits of $182,000. and the Bank of Clyde, with deposits of $105,000, failed to open after withstanding runs yesterday. The Bank of Fletcher, in Henderson closed in the face of heavy withdrawals after remaining open hour and half. Its deposits were listed at $103,500. BIRMINGHAM DISTRICT BANKS EFFECT MERGER BIRMINGHAM, Ala., Dec. 16.merger of the Bank of Ala bama with the Ensley National Bank, making the combined assets over $1,000,000. was announced early today by Oscar Wells, chairman of the board the First National Bank of Birmingham. "With the co-operation and support of the Birmingham Trust & Savings Co. and the First National Bank of Birmingham, Mr. Wells statement said, "the assets will be taken over by the Ensley National Bank and the latter assume the liabilities of the Bank of Alabama. R. A. Terrell, 68. for many years president of the Bank of Alabama, died yesterday of wounds which Coroner D. Russum said were self State Superintendent of Banks Dent F. Green said that a recent report of

19. October 12, 1931 The Asheville Times Asheville, NC
Article from The Asheville Times, October 12, 1931

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RE-OPENED AND Huge Passenger Plane CLOSED BANKS Is Nation's Challenge For Supremacy Of Air PAY $450,000 W. N. C. Depositors, Creditors Will Have Received $500,000 By Jan. 1. Depositors and creditors of closed state and national banks and reopened state banks the Asheville area were paid more than $450,000 in claims May 28 and was today. and creditors of eight closed state in this received in preferred, cured and common claims, while vidends more than 875.000 were to depositors of reopened state banks. These banks closed during the disturbance last fall. but were reopened Several other reopened banks have notified officials of their tentions dividends January the total figure will easily exceed $500,000 before this year ends. The Bank of Clyde, in Haywood per cent dividend last week. while the Bank cester paid large to its The Central and Trust pany, paid $2,054.62 in while various