11713. Citizens Bank (Edenton, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 27, 1930
Location
Edenton, North Carolina (36.058, -76.608)

Metadata

Model
gpt-5-mini
Short Digest
9ebce831

Response Measures

None

Description

Newspapers report Citizens Bank of Edenton was closed by order of its board for the protection of depositors on Dec 27, 1930. Articles call it a suspension/closure; no article in the set describes a subsequent reopening or receivership, so I classify as a suspension that resulted in closure. The closure appears to be a board-ordered protective suspension (not government takeover). OCR errors in the original text (truncated asset figures) were noted but do not affect event dating.

Events (1)
1. December 27, 1930 Suspension
Cause Details
Closed by order of the bank's board for the protection of depositors (board-ordered protective suspension).
Newspaper Excerpt
Citizens Bank of Edenton was closed today by order of the board of directors, for the protection of depositors.
Source
newspapers

Newspaper Articles (3)
1. December 27, 1930 Ledger-Star Norfolk, VA
Article from Ledger-Star, December 27, 1930

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Article Text

Coal Coal dumpings at Hampton Roads piers from midnight Thursday midnight Chesapeake Ohio, tons. Norfolk & 24,885 tons. Prevailing prices coal Hampton are: to $4.60; high volatile, $4.20 $4.50. BANK DIRECTORS PROTECT DEPOSITORS N. Dec. Citizens Bank of Edenton was closed today by order of the board of rectors, "for the protection of depositors. The bank capitalized at $100,000 of and resources of $599.- CHARGES SLAVERY are being by Australian cattlemen, "Darkie" Rowe, workers' union organizer, charges. Rowe, called "Darkie" because his terest the aboriginals, says they forced watch cattle during He says rations are scanty and flogging is common. RELIEVES COUGH If troubled coughing at night, mix togethere equal parts and then add few drops of lemon juice. Take troubled coughing and see if it does not bring relief. DOOR KNOBS Door knobs sould be washed once along with the general there youngsters the home the door knobs are great deal of punishment and really need this attention. There are approximately 100,000 deer about are killed annually by hunters.

2. December 28, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, December 28, 1930

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Article Text

Bank Suspensions. EDENTON, N. Dec. 27 Citizens bank, of Edenton, was closed today order of the board of direc"for protection The Its last listed $345 and of 662.97. RICHMOND, Va., Dec 27 of and banking, today the Bank Southill, at Southill, Va., had suspended business.

3. January 2, 1931 The Independent Elizabeth City, NC
Article from The Independent, January 2, 1931

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Article Text

Why His Money Was Tied Un In The Busted Bank Edenton the story of From comes citizen of that town who certain came up to group the the closing of the Citizens following of that and with long Bank face said: $300 in that bank and its had has certainly got me closing Whereupon a certain turned upon him man of the town and said: you had paid me folks have been lot of other you to for several owing money wouldn't have had much in the damned bank." And the man who was looking for tucked his tail between sympathy slunk into barber shop and his face hid under a towel. to get