Bank of Draper - Draper, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1933*
Location: Draper, North Carolina (36.518, -79.693)

Metadata

Model: gpt-5-mini
Short Digest: ae2cf1cc

Response Measures

None

Description

Article states that one bank at Draper was placed in receivership since 1933. No contemporaneous run or suspension narrative is provided; the bank evidently failed and had a receiver assigned. Exact failure date not given in article (referenced as 'since 1933').

Events (1)

1. January 1, 1933* Receivership

Newspaper Excerpt: Although only two banks have been placed in receivership since 19339one at Draper and the other at Black Mountain9Hood said it is his opinion that if the procedure of verifying all assets and liabilities had been followed, those two failures would have been prevented.
Source: newspapers

Newspaper Articles (1)

1. February 29, 1944 The Wilmington Morning Star Wilmington, NC

Article from The Wilmington Morning Star, February 29, 1944

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Article Text

Depositors Of State Bankers To Be Asked To Verify Deposits RALEIGH, Feb. 28. -(P)- Depositors of state banks in North Carolina which are under examination will be asked in the future to verify individual deposits with their bank, State Banking Commissioner Gurney P. Hood said today. This method will be used to verify the assets and liabilities of each bank under examination, Hood said. Although only two banks have been placed in receivership since 1933-one at Draper and the other at Black Mountain-Hood said it is his opinion that if the procedure of verifying all assets and liabiInties had been followed, those two failures would have been prevented.