Farmers Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 6, 1933
Location: Forest City, North Carolina (35.334, -81.865)

Metadata

Model: gpt-5-mini
Short Digest: 07a86a43

Response Measures

None

Description

Article (Asheville Times, 1933-12-06) states the Farmers Bank and Trust Company at Forest City is being closed out in liquidation and the time to complete liquidation was extended one year. No run is described. OCR errors corrected (e.g., fragmented sentences).

Events (2)

1. December 6, 1933 Other

Newspaper Excerpt: Under an act passed by the general assembly, all defunct banks are required to complete their liquidating process within four years ... the time for closing out the Rutherford County Bank and Trust company at Rutherfordton, and the Farmers Bank and Trust company at Forest City, has been extended for one year
Source: newspapers

2. December 6, 1933 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is defunct and in the process of liquidation; statute requires winding up of defunct banks and time to close out has been extended one year by court request.
Newspaper Excerpt: the Farmers Bank and Trust company at Forest City, has been extended for one year
Source: newspapers

Newspaper Articles (1)

1. December 6, 1933 The Asheville Times Asheville, NC

Article from The Asheville Times, December 6, 1933

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Article Text

Liquidation Of Rutherford Bank About Complete FOREST CITY, Dec. 6-(Special)Liquidation Trust the Chimney Rock company of Chimney the be completed soon. perhaps within next 30 Kimsey. liquidating according agent. All to assets Pat of sale. the bank are now being offered for Under an act passed by the general assembly. all defunct banks are required to complete their liquidating process within four years from date is judge made for to the resident superior court an extension of the time of and good reason is shown the time may be extended for one year. Under this clause. the time for closing out the Rutherford CounBank and Trust company at Rutherfordton. and the Farmers Bank and Trust company at Forest City, has been extended for one year