Yadkin Valley Bank - East Bend, NC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 28, 1913
Location: East Bend, North Carolina (36.217, -80.513)

Metadata

Model: gpt-5-mini
Short Digest: 89e90a46

Response Measures

None

Description

Article (1913-08-28) reports the Yadkin Valley Bank is expected to be reorganized and opened by directors/stockholders, avoiding a receivership. No explicit run is mentioned; the bank appears to be suspended/closed and planned to reopen via reorganization. OCR originally had minor spacing errors (Coropration → Corporation).

Events (1)

1. August 28, 1913 Suspension

Cause Details: Bank closed/suspended and undergoing reorganization; two large checks on hand complicate reorganization but directors plan to reopen without receivership.
Newspaper Excerpt: There is a strong prospect now for the Yadkin Valley Bank of East Bend to be reorganized and opened by the directors and stockholders ... the Corporation Commission will very likely allow the reorganization without winding up the bank with a receivership.
Source: newspapers

Newspaper Articles (1)

1. August 28, 1913 The Review High Point, NC

Article from The Review, August 28, 1913

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Article Text

May Reorganize East Bend Bank. Raleigh.-There is a strong prospect now for the Yadkin Valley Bank of East Bend to be reorganized and opened by the directors and stockholders on a basis that will avert losses to stockholders. There are two checks for respectively $8,000 and $3,200 on hand in the bank, at least one of them by R. B. Horn, that are serious blocks to the plan for reor ganization. However, there is a prospect for these to be taken care of and in that event, the Coropration Commission will very likely allow the reorganization without winding up the bank with a receivership.