Bank of Fayetteville - Fayetteville, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 1, 1927*
Location: Fayetteville, North Carolina (35.053, -78.878)

Metadata

Model: gpt-5-mini
Short Digest: 65953677

Response Measures

None

Description

Article (Charlotte Observer, 1929-10-30) refers to the Bank of Fayetteville as 'defunct' and mentions its failure in August 1927 and a receiver (Alfred D. Burrowes) attempting to recover deposits. No run is described; this is a suspension/failure with receivership (closure). 'National' inferred because the article references violations of the national banking law.

Events (2)

1. August 1, 1927* Receivership

Newspaper Excerpt: Bank of Fayetteville by Alfred D Burrowes, receiver the defunct ... in an effort to recover approximately $500,000 for those who were depositors at the time of the bank AS CAR SKIDS failure on August 1927
Source: newspapers

2. August 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed in August 1927 (insolvency/violations leading to failure as implied by receiver actions and recovery efforts).
Newspaper Excerpt: depositors at the time of the bank AS CAR SKIDS failure on August 1927
Source: newspapers

Newspaper Articles (1)

1. October 30, 1929 The Charlotte Observer Charlotte, NC

Article from The Charlotte Observer, October 30, 1929

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Article Text

Bank of Fayetteville by Alfred D Burrowes, receiver the defunct ONE IS KILLED institution. the fourth district of the United States court in an effort to recover approximately $500,000 for those who were depositors at the time of the bank AS CAR SKIDS failure on August 1927 The violations of the national banking law by the receiver T. H. Ray, Former Dry Agent, Fatally Hurt in Crash Near Taylorsville Home. H died at the hospital here early this sustained last night his car skidded Taylorsville road near Hiddenite and crashed into tree. Mr Ray had been in States ville all day attending U court and was on his way home when the fatal accident occurred five south of his home. In passing car Mr. Ray's automobile skidded on the wet pavement and struck tree de was hospital here and expired in about hours The whole right side of his body was crushed The body was taken to Taylos ville today for burial Mr Ray native Wilkes had resided Taylorsville for many For he in done building different western North Ina He had served prohibition agent several He his widow