Elm City Bank - Elm City, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 3, 1931
Location: Elm City, North Carolina (35.807, -77.863)

Metadata

Model: gpt-5-mini
Short Digest: b37aad3d

Response Measures

None

Description

Contemporary news report (UP dateline Raleigh Jan 3, 1931) lists Elm City Bank among three North Carolina banks closed on the first banking day of 1931. The brief notice states the bank was closed; no mention of a depositor run or reopening. Cause is not given in the article.

Events (1)

1. January 3, 1931 Suspension

Cause Details: Article only reports the bank was closed; no cause or precipitating run mentioned.
Newspaper Excerpt: Closing three additional North Carolina Banks on the first banking day of 1931 was revealed today. The closed banks Elm City Bank, deposits $97,172; ...
Source: newspapers

Newspaper Articles (1)

1. January 4, 1931 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, January 4, 1931

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Article Text

THREE CLOSE IN CAROLINA. Raleigh, N. C., January 3-(UP)Closing three additional North Carolina Banks on the first banking day of 1931 was revealed today. The closed banks Elm City Bank, deposits $97,172; Bank of Candor, deposits $110,555; Bank of Severn, deposits $66,746. TO DOUBLE CAPACITY. New contracts for business necessitating $600,000 expansion which will double the capacity of the Libbey glass manufacturing plant here, were announced today by J. W. Robinson, President of the company. RAW SILK. January Japanese crack ANNUAL ELECTION NOTICE. The Hamilton County Mutual Fire Insurance OFFICE HAMILTON COUNTY (office corner Twelfth and Walnut December the o'clock Thos. REDUCTION NOTICE. will policies fire renewal paid. order President. J. Hoar, Secretary.