11764. National Bank (Goldsboro, NC)

View Charter #5048 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5048
Charter Number
5048
Start Date
December 20, 1930
Location
Goldsboro, North Carolina (35.385, -77.993)

Metadata

Model
gpt-5-mini
Short Digest
fc4898ec

Response Measures

None

Receivership Details

Depositor recovery rate
44.4%
Date receivership started
1930-12-30
Date receivership terminated
1936-11-27
Share of assets assessed as good
33.7%
Share of assets assessed as doubtful
48.8%
Share of assets assessed as worthless
17.4%

Description

The National Bank of Goldsboro failed to open Dec 19-20, 1930 closed for the protection of depositors and did not resume normal operations. A receiver was appointed in March 1931 and liquidation/distributions followed. Although the closing provoked a run on another local institution (First National), the evidence shows the National Bank itself suspended and was placed in receivership (permanent closure). Causes cited in articles point to poor collections/frozen assets and weak resources rather than a specific rumor.

Events (4)
1. July 3, 1896 Chartered
Source
historical_nic
2. December 20, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failed to open/closed for protection due to poor collections/frozen assets and weak resources (last statements showed limited resources); affiliated Savings & Trust also closed under same management.
Newspaper Excerpt
Two Goldsboro banks, both under same management, failed to open today. Notices said the institutions been closed in the interests of depositors.
Source
newspapers
3. December 30, 1930 Receivership
Source
historical_nic
4. March 31, 1931 Receivership
Newspaper Excerpt
Raymond Schumacher, receiver for the First National bank of New Bern today was appointed receiver the National of Goldsboro closed last December. While continuing his work here he will assume charge of the Goldsboro April . . . Raymond appointed receiver for the National bank of Goldsboro, which closed last December . . . will assume charge of the Goldsboro institution April . . . . (AP/local reports, Mar 31, 1931).
Source
newspapers

Newspaper Articles (17)
1. December 20, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, December 20, 1930

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Article Text

Closing New York Curb Market Prices NOTE of bonds are terms of $1,000 with the finsi ciphers, omitted Sales curb stock are terms 01 100 shares the two ciphers, "00. pmitted. except in case Standard On Issues sales of which are full amount By the Associated Press NEW Dec. the official YORK, transactions the New Curb giving all stocks and bonds traded: STOCKS JACKSON Miss. Dec. Closing of two banks and an order for an of third sus pended announced Saturday by superintendent of state banks The two institutions whose affairs were taken over by the State Bank ing Department are the Commercial Drew and the Bank of Phe08, Pheba of the in state Thomas was sent to McLain Saturday by Superintendent Love check Bank McLain, president, Willie Griffis, institution temporarily when he said the cashier, O. B. Reed. discrepancy in his books and requested an audit bank the father of eight children. was held. request. the Forrest County Jail, at The Bank of McLain is capitalized at $25,000. The Commercial Bank at was capitalized at $30,000. with surplus. posits were estimated $250,000 Bank Phcba in Clay Coun500 the Banking Department total resources under $50,000. W Wafford president of the Bank is head of the small Pheba institution Two Goldsboro Banks Close under the management, to open institutions had been osed in the interests depositors The National of Goldsboro and resources in last stat on 24. The capitalized had on 24 Trust an had and surplus of $19 078 date capiNorwood is president of both Thomas cashiers National and the Savings and Trust Three Close Temporarily Dec. 20. The closed its Saturday, and three other banking institutions suspended temporarily as a protective measure, conditions brought about by the closing of the Wilson banks tem the Bank and Trust the First Bank Bank and Company The statement of the Wilson Banking Company under date tober showed and deposits of $840,000 Defunct Bank Pays JACKSONVILLE Dec. presents. the form per dividend. are to of the Defunct Brotherhood State Bank entitled participate the Joseph M Glickstein, receiver said Saturday dividend the second authorized since failed last year. would be mailed to depositors Tuesday time for Christmas dividend of 15 per cent was paid last Sales. High Low Close Sup Russian 18 Elec Indus Total today shares stock sales year Mch bond sales today xMch bond May High Low Close Sales. Prod Saxet Seaboard Util See Corp Gen Indust High Low Close Sel Ind Sales. Acetol Prod Sentry Saf Con Affiliated Prod Shenandoah Cty pfd Mills Southlnd Royalty Dairy Co Am Mot Am Stand Ind 2 Banks Are Closed Bov Capital Ohio pfd Corp Cosmetics And Third Suspended Strauss Starrett For Mississippi Audit Equities Mch war Founders Thatcher Invest Corp Am Inv Appalach Tobacco Gas Gas war pfd Mach Sec pfd Blumenthal Watch Pow Tube Pack Min Sta Low DOMESTIC Harris Empire Employ Avia Corp pfd Sachs Knitbac Helena pfd Pow Weekly Review of Irving Dry Goods Market NEW YORK Dec. Trage has been seasonally quiet in cotton Co goods period whose uncertaintie. have creased the depression of the year Gas The holding down production demands pursued Ltd Mayfl by and the Mem Nat Gas and Ch continue curtailment of Stores Mex ers in buying be given that full on Mount Prod basis. and that the Co tempt to regulate output to the Nat of Gas Prices for print cloths eased off Invest from some for delivery in the Nauheim Rad quarter next year at Nauh Phar week the buying has Neisner pfd filling-in with Newberry Newberry pfd by converters of Bradford the spring season 1931 pfd Sheets and some of bleached become regular declines in printed Scripps goods offered for the new spring Cotton yarns off from to pound. sales light Bem The following Nipissing the primary markets Print cloths Mines 64x60s brown sheetings, southern standards, 9*c; 8-oz. staples, denprints, dress Northwest Eng and staple ginghams, 8c. Outboard Overseas Sec Trading in Molasses Ser Util On Exchange Approved Paramount Pennroad NEW YORK, Dec. 20 -(P)-The board managers of the New York Pitney Coffee and Sugar Exchange has adopted resolution, subject proval the members the Pratt by-laws to permit trading in molasses Whitely Prod futures contracts. Prudential The resolution provides that tradPub Util ing molasses contracts begin MonJanuary 19. and that transacnw pfd tions made the delivery Canada months March 1931 and thereB after by Mfg ballot will be taken Thursday, JanReliance uary 15. Candy Invest USE the most efficient busiAnt Cop ness method to supply your Field Hamb Safewy Want-and that method is St Regis Pap 12% Hun Ital a Journal Want Ad.

2. December 21, 1930 Chicago Tribune Chicago, IL
Article from Chicago Tribune, December 21, 1930

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3 MISSISSIPPI BANKS CLOSE; 4 MORE SUSPEND State Takes Charge to Protect Patrons. Dec. Mississippi were today in of over by the the Commerand of at came that the Greenwood Bank and the National bank and the Security Bank and Trust all at Greenwood, closed protective The bank closing the bank of McLain at McLain A of the state banking department sent there to make an audit after Willie the bank's president that B. Reed, the cashier, admitted his asked to be said the was closed because of recent death of G. Wilson Sr., chairman of the board. Macedonia Bank Closed. ing of bank of Macedonia in Hamilton nounced by the state auditor this Withdrawals Cause Closing. Cairo, collect fast enough to caused the closing the Farmers and Merchants State bank at Cypressen, Johnston county, D. C. Casper, president, stated. Georgia Bank Suspensions. Mobley, state of announced today his department had been asked to take over the affairs the Union Banking company of branches at Braxand the Toombs at Lyons, and the Citizens bank of Ray City. Allied Banks Suspend. Dec. Two Goldsboro banks, both under the failed to open Notices said the institutions been closed in the interests of deNational bank of Goldsboro and sources of italized at The Goldsboro and Trust company, an had of $226, 413 and of at G. Norwood of both banks and sons cashiers. Another Carolina Bank Closes. Rural Hall, N. Dec. The Rural Hall Bank and Trust com pany did not open for business E. L. Kiser is president.

3. December 21, 1930 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, December 21, 1930

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Local Bank Clearings -Other Quotations Saturday Same day last year Decrease $ Same day last week For week 46,916,086.03 Same week last year Decrease Previous week Products, Market Basis. meal com. rate 24.00@24.50 Atlanta. first clean mill run 011@ Suit Thrown Out. Circuit Judge Lafon Allen today threw out of court the $25,000,000 resuit for alleged and ince instituted against officers and directors of the Bancokentucky Company, Louisville Trust National Bank of Kentucky and Louisville National Bank & Trust had admitted a "discrepancy. Cashier had himself locked up in the Hattiesburg jail until the audit had been completed, although no charges have been filed against him. GOLDSBORO, N. BANKS FAIL TO OPEN GOLDSBORO, N. C., Dec. 20. Two Goldsboro banks. both under same management, failed to open today. Notices said the institutions been closed in the interests of depositors. The National Bank of Goldsboro listed deposits 30 and resources of $623,663.74 in its last state ment on September 24. The bank is capitalized at $100.000 and had sur of 46 on September 24. The Goldsboro Say tings Trust Company, an affiliated institution, had deposits $226, 413.53, resources 491 and surplus of $19,078. the same date. It is capitalized $41,000. Norwood is president of both Thomas H. Norwood and John Norwood, his sons, are cashiers National Bank of Goldsboro and Goldsboro vings & Trust Company, respectively RURAL HALL N. C., Dec. The Rural Hall Bank Trust Company did not open for business today. E. L. Kiser is president. O. M. Kiser is eashier and said the institution, capitalized at $10,000. had posits of approximately $57,000 and surplus of $3,800. ANOTHER BANK CLOSES IN ARKANSAS ARKADELPHIA, Ark., Dec. 20. The Merchants and Planters bank here suspended today for a fiveday period. James G. Clark was president of the local bank and of the Clark County bank Gurdon, which suspended yes terday for five days. Officers of the bank said suspension was decided upon because of uneasiness caused by the Gurdon bank suspension. The Merchants and Planters bank had deposits of bout $750,000, with capital and surplus of $90,000. SMALL ALABAMA BANK CLOSES DOORS MONTGOMERY, Ala., Dec. 20. (AP) Dent Green, state superintendof banks, announced today that the Bank of Camphill, at Camphill, had closed its doors today. Mr Green said closing of the bank was due to frozen assets, largely caused by poor crops and the extended drouth of last summer. The bank had $50,000 capital stock and $10,000 surplus. DEFUNCT BANK TO PAY DIVIDEND JACKSONVILLE, Fla., Dec. 20 presents, in the form a per cent are to be given all creditors of the defunct Brotherhood State bank here, who are entitled of to participate in the distribution its assets. Joseph M. Glickstein, receiver, said today the dividend. the second since the institution failed last would mailed to depositors next Tuesday in time for Christmas. GEORGIA BANKS NAMED IN REQUEST BY ASSOCIATED PRESS State Superintendent of Banks A. B. Mobley Saturday inced that department had been asked to take over the Union Banking Company of which also branches at Braxton and Nicholls, the County Bank at Lyons, the Citizens' Bank of Ray City, in Berrien The last bank call, Septembed 24, showed the Union Banking Company to have resources of capi of of surplus, $23,000, undivided profits, $94,108, and deposits, No bills were payable at that according to the call. The County Bank on September 24 had resources of 471.38, capital, surplus, $6,000, deposits, $163,000 and bills $20,000. pay September 24 call shows the The Citizens' of Ray as ing of capital, and no bills Inspectors will placed in of the banks, Mr

4. December 21, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, December 21, 1930

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8 Mississippi Banks Close Their Doors; 5 Are in Greenwood JACKSON, Dec. Eight banks closed their doors in Mississippi Saturday. Three of the banks were small institutions in scattered parts of the state five of them were located in Greenwood, where depositors started runs on the banks after the Wilson Banking Company, with resources of $1,777,000, failed to open Saturday. Within short time three other banks closed and later another shut its doors, leaving only the Bank of Commerce doing in the city. Notices were posted on the doors saying the banks had closed for the "protection of all depositors alike." Directors of the Wilson Banking Company in statement that decided to close the bank and they place the hands of State Banking Department for liquidation because situation caused by the of A. Wilson, had always arranged credit for the other closed banks, the Greenwood Bank and Trust Security Bank Trust Company, the National Bank Greenwood First and the Greenwood Savings Bank were expected by their officials to reopen soon. Frozen assets and poor collections by the bank aminer for the closing of the Commercial Bank of Drew. in with deposits the Clay with Bank of Pheba, deposits less than He also announced that the State Department had taken over the Bank McLain, closed at that would be the books had audited Reed, cashier, had admitted STATE FOUR BANKS TO TAKE OVER B. state of banks, announced Saturday his department had been to Union Banking affairs of Company Douglas, operating branches at Braxton Nicholls: Bank, Lyons, the Citizens Bank Ray City, Berrien County The Union Banking Company the last call on September 24 listed resources capital of undivided and deposits of no Moses Griffin and R. Yeomans, cashier The bank was established 1899. The Toombs County Bank reported resources capital $30,000, of deposits bills payable W. McNatt was president and W. China. The institution 1906 The Bank of Ray City at the last call showed resources of capital of deposits and no bills payable. H. Swindle was president and John Luke. cashier. The bank was established in 1911. Two Goldsboro Banks Close GOLDSBORO, Goldsboro banks, under the falled to open tions been in the interests of depositors. National Bank of Goldsboro listed deposits and sources in its last statement on September 24. The bank capitalized at and had of on The affiliated institution, had deposits resources and surplus of $19,on the same date. It is capitalized Norwood Is president of both banks. Thomas Norwood John Norwood, his sons, are cashiers the National Goldsboro and the Goldsboro Savings and Trust Arkansas Closing Merchants and Planters Bank here Saturday for five-day James Clark was president the local bank and the Clark Bank Gurdon, which suspended Friday for days. One Closed in Alabama 20. F. Green, supeintendbanks annouced Saturday the Camphill, at its doors. The bank had $50.000 capital stock and $10,000 surplus. Rural Hall Bank Closes RURAL The Rural Hall Bank and Trust Company did not open for business Saturday Kiser president. said the capitalized at had deposits approximately $57,000 and surplus of

5. December 22, 1930 Paragould Soliphone Paragould, AR
Article from Paragould Soliphone, December 22, 1930

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Other States On Finnish To Some Having Have Perished May Difficulties Banking Three Banks Close and Four Others Suspend in MisIn Associated Jackson, Miss., Dec. banks closed and four others suspended temporarily in Mississippi to- The Wilson Banking company Greenwood failed open, immedlately three others in GreenThe Bank of McClain closed temaudit of the porarily an books after Cashier B. Reed ported discrepancy and asked to jailed The Bank at Drew and the Bank of Pheba also closed. Two in North Carolina Dec. NaGoldsboro, tional Bank of Goldsboro and the Goldsboro and Trust Comnanv, affiliated banks, failed to open today. Oberon Collides With Finnish Arcturus and Saved

6. March 31, 1931 Hickory Daily Record Hickory, NC
Article from Hickory Daily Record, March 31, 1931

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RAYMOND APPOINTED BANK RECEIVER NEW BERN March ceiver for the First National bank New Bern. Monday ap pointed receiver for the National bank of Goldsboro, which closed last December. While continuing his work here will assume charge the Goldsboro institution April

7. March 31, 1931 The Charlotte Observer Charlotte, NC
Article from The Charlotte Observer, March 31, 1931

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NEW BERN BANK RECEIVER WITH BANK AT GOLDSBORO NEW BERN March 30-Raymond Schumacher, receiver for the First National bank of New Hern today was appointed receiver the National of Goldsboro closed last December. While continuing nis work here he will assume charge of the Goldsboro April

8. April 21, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, April 21, 1931

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Closing Of National Brings Run On First National April banks closed here today and ficers the only remaining one turned drastic steps the face which brass band. soap box orators and false fire failed to National Bank faced with poor collections. dered open today the national bank examiner Fortyminutes after opened. the National Bank facing heavy, posted notice "closing for the protection of depossimilar run was in progress the Farmers and Merchants which, still inroads of withdrawals at closing there was still considerable crowd around the heart of the town where the banks located. but the the Farmers and Bank had dwindled practically nothing. and bank preparing for the day with money its vaults and officials said considerable was the from Richmond augment cash should anything untoward develop However. they expressed the opinion that situation had definitely quieted down and said they expecttomorrow be normal day. Figures closed banks commercial publication listed condition March 31 folFirst capital profits deposits vice president and National Bank of Kinston: Can$120,000. surplus profits deposits Heath president, Tingle, cash-

9. June 25, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, June 25, 1931

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Authorize Dividend Payment By National Bank Receiver Depositors Must File Claims Before Dividend Can Be Paid Payment of dividend to depositors the defunct National Bank of Goldsboro Thursday in communication from the comptroller the currency Washington, Raymond Schumacher. of the bank. Mr. Schumacher issued call for depositors to file claims against the bank once to speed up the before the which will be in about payment weeks. The amount the four dividend. said. be based the next three the paying four weeks by shareholders and note makers. It thought by some depositors the dividend would be ten percent Marvin Thompson, receiver Goldsboro Savings and Trust Co. which closed with National Bank of December 19 1930. said he had no statement publication to when he will depositors' (Continued Page Six.)

10. June 25, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, June 25, 1931

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AUTHORIZE DIVIDEND PAYMENT BY NATIONAL BANK RECEIVER (Continued frem Page One, Although first notice to deposiOTS to file claims was made in JanMr Schumacher some 500 of the 2,000 depositors of the National Bank of Goldsboro have not done He asks that all pass looks, cashier's checks. certificates deposits, and other evidences of ndebtedness of the bank to depostots be released to the receiver statement of payment of statuory liability will be made in the eport the receiver in July. posby the The statutory ability assessment of $100,000 was nade against stockholders May 15 lince the assessment notices went ut Thomas H. Norwood, cashier he defunct bank. confessed $4,300 tock judgment. records the of ice of the clerk of Wayne super court show. In discussing liquidation of the 'ank. Mr. Schumacher said he vould welcome committee of hree depositors. provided those he committee satisfactory depositors. to act as an advisry committee to him. The comnittee could be of help in the colection of notes and such plan has successful in the liqui'ation of other banks, he contin-

11. July 14, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, July 14, 1931

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To Subject to further payment stock assessment bills receivable, receiver defunct National Bank of Goldsboro depositor's dividend of 15 pay about August percent Raymond receivannounced amount of the dividend Tuesday making port of the condition of the closed He had depositors had not cash dividend proved depositors bank receive the those proven. showed into the and liabilities totaling follows: Assets Bills receivable Cash hand Assets other than bills receivable and cash on hand Additional assets acquired $57.Stock assessment Total of all assets coming into hands of the receiver Remaihing Assets Bills receivable Assets other than bills receivable and cash hand Additional assets acquired, $54,Stock assessment Total assets uncollected Liabilities Total claims proven on unsecurliabilities Total unproven unsecured Total secured liabilities outstandunpaid Total additional liabilities proven Total of all liabilities Cash on hand

12. July 18, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, July 18, 1931

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Savings Receiver Pays to Bank Depositors Loses Fortune in German Crises German economic Jacob above, managing director National which collapsed recently Under German head of bank Goldschmidt operated personally liable for positors. which will mean that large private fortune will be confiscated Checks For 24 Preferred Claims And 705 Depositors Claims Checks covering all preferred claims and 20 dividend common claims of depositors of defunct Goldsboro Savings and Trust Company were ready for distribution Saturday by Marvin Thompson, receiver. The checks total Thompson asked claimants to for checks at the Hooy System Industrial Bank on East Wainut street, to save mailing expense. Preferred claims are met with checks totaling $1,These cover cashier' checks, drafts, and similar deposits. Common claim checks number 705 and total making the total payment Common claims include deposits, open accounts of the defunct bank, and such items. The 20 percent deposi dividend was paid only claims which had been filed. The receiver urged that those who had failed to make claims do so at Certificates of deposits which no claims have been filed total Common deposits totaled $160,and secured deposits $16,when bank closed December The checks ready for distribution Saturday were in varying amounts. Some comparatively small while two local persons to ceive and bonding company Another depositors dividend will forthcoming in the fall, Mr. Thompson The 15 percent dividend to be paid about August 15 by the defunct National Bank Goldsboro will place more funds the receiver's hands. The Goldsboro Savings and Trust Company had deposit of approximately in the National Bank of Goldsboro when both banks closed.

13. July 20, 1931 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, July 20, 1931

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WEEVIL INFESTATION FIGURES ARE SHOWN A boll weevil infestation of 1 and 7-10 percent on 499 acres of mopped cotton on July 18 is revealed in a survey made on H. Weil and Brothers farms. Check on neighboring fields which have not been mopped showed infestation of 8 6-10 percent. Check of 433 acres of mopped cotton through June 22 showed an infestation of 1-2 of 1 percent. and by July 18 the infestation on this mopped acreage had increased and 2-10 percent. Dusting to control the weevile should be started when infestation reaches 10 percent, farm experts say. DRUM AND BUGLE CORPS TO PRACTICE Following the regular 7 o'clock practice of the American Legion drum and bugle corps at Griffin Park Monday night, drum major John Edwards will serve water melon. The corps is practicing for the big parade at the Legion state convention at Morehead next week, July 26-29 GLENN BARDEN BAND MEETS ON TUESDAY The Glenn Barden Band of St Paul Methodist church will meet Tuesday morning at 9:30 at the home of Mrs. John D. Langston on East Mulberry extension to study the concluding chapter of their mission study book. BANK RECEIVER FILES SUMMONS Raymond E. Schumacher, receiver of the defunct National Bank of Goldsboro, has filed summons in Wayne superior court against George Paul to whom the bank sold certain bakery equipment The complaint has not been filed. HOME DEMONSTRATION COUNCIL TO MEET The Wayne county home demonstration club council will meet at the community building Wednesday at 11 o'clock. Mrs. Tom Freeman of Goldsboro will give demonstration in remodeling hats. Brogden, Smith's Chapel, and Dobbersville clubs will be hostesses at picnic to follow the meeting at Herman Park. PARCEL LAND SOLD TO RAILROAD One transfer of land was made in a deed filed Saturday to be recorded in the office of the county register of deeds. H. B. Parker and wife transferred to Atlantic Coast Line Railroad Company 09 acres of land near School street and the main line of the railroad. EIGHT MARRIAGE LICENSES SOLD The marriage license business took spurt over the week-end. Miss Dessie Grantham. Wayne register of deeds, reported four white and four colored couples licensed. White couples licensed: Nathan Preston Talton, 19, Johnston county, and Miss Annie Mae Pollard. 19. Duplin: Jimmie Napier, 21, and Miss Lizzie Wiggs, 18, Mount Olive: James Luther Price, 22. and Miss Neta Victoria Howell. 28, Johnston county: and Jesse Jones, 22. and Miss Clarisa Phillingame, 21. Johnston. Colored couples: Robert Javis. 21. and Margaret Harris. 14. Saulston: Eddie Evans. 21. and Ella Herring, 17. Goldsboro; James Walter Boyette, 28. and Lessie Roberts, 21. Saulston; and LeRoy Mickens, 21, Buck Swamp, and Maddie Reid, 18, Fremont. OPPORTUNITIES IN U. S. CIVIL SERVICE The United States Civil Service Commission has announced open competitive examinations as follows: Associate supervisor (home economics). $3,200 a year, home extension agent $2,600 a year, Indian Service City Planner, $4,600 a year, National Capital Park and ton, D. C. Junior magnetic and seismological observer, $2,000 to $2,-

14. May 17, 1932 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, May 17, 1932

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M. E. Coyle, State Board of Health, and Warren H. Booker: State Board of Health, were in Goldsboro Tuesday to confer with Health officers. This group has already vis. ited Wilson, Tarboro. Rocky Mount, and New Bern, and expects to visat Durham. Oxford, Asheville, and other cities in central and western Carolina. BANK RECEIVER FILES SUIT H. C. O'Neil, receiver of the National Bank of Goldsboro, has entered suit against the Lillington Brick Company for money which he alleges is due on notes made to the bank The suit alleges there is an unpaid balanc of $3,216.41 on a $5,000 note; $1,286.09 on a $2,000 note: $3,216.41 on a $5,000 note; $948.58 on a $1,475 note: $2.831.62 on a $4,000 note; and $1,399.50 on $3.500 note. The suits asks the appointment of a receiver to handle the properties of the brick company

15. June 21, 1932 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, June 21, 1932

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RECEIVER LOCATED IN OLD BRANCH BANK The receiver for the National Bank of Goldsoorc can LOW be found at the fo: ne: Branch Bank building on East WA .ut street. The Branch's removal to the Nat ional Bank building at the corner of

16. October 14, 1932 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, October 14, 1932

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BANK RECEIVER CHANGES OFFICE The receiver of the National Bank of Goldsboro. who for the past several weeks has been stationed in the building formerly occupied by the Branch Bank near the Jacobi Hardware Company. has moved his offices to the second floor of the building now occupied by the Branch Bank, at the corner of John and Walnut streets The offices are in charge of H A. Simmons and he asks those who have business with the closed National Bank to see him at his new quarters. LAND BANK HAS NEW LOCATION The Virginia-Carolina Joint Stock Land Bank has moved its Goldsboro offices from the second floor of the Branch Bank building at the corner of Walnut and John streets to the building on East Walnut occupied by the Branch Bank before it moved to its new home, the old Natonal Bank building The land bank office in Goldsboro is in charge of Roy Lassiter. FREAK POTATO IS ON DISPLAY Herbert Sutton has added to the News-Argus display of freaks a sweet potato the length of which it is not easy to determine. The

17. July 23, 1934 Goldsboro News-Argus Goldsboro, NC
Article from Goldsboro News-Argus, July 23, 1934

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Cash On Hand for National Bank of Goldsboro is $11,777 Cash on hand for the National Bank of Goldsboro, which suspended December totals 72, according to the report of condition for the quarter ended June 30, says to the report of Fagan, receiver. issued Monday. Expenses of the receivership have totaled and total of has been collected. The payments stock assessment of total to date onThe report in Assets Assets at date of suspension (book value. not actual) Additional Assets acquired since suspension (book value, not actual) Stock Assessment (100 per cent) Total assets to be accounted for: Cash collected from Cash collected from Additional Assets Cash collected from Stock Assesment Total Cash Collected from Assests and Stock Assessment Offsets allowed on Losses charged off: On Assets On Stock Total Losses 118.51. (Continued on page 3)