National Bank - Greensboro, NC

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2322
Charter Number: 2322
Start Date: December 15, 1930
Location: Greensboro, North Carolina (36.073, -79.792)

Metadata

Model: gpt-5-mini
Short Digest: fa771b6e

Response Measures

Accommodated withdrawals, Capital injected

Description

Article (Greensboro Record, 1930-12-16) reports a depositors' 'run' on the National Bank the previous day with large cash and state deposit; no suspension or closure mentioned. The piece does not state a clear cause for the run, so cause is set to 'other'. Date of the run inferred as 1930-12-15 (day before publication).

Events (3)

1. February 7, 1876 Chartered

Source: historical_nic

2. January 18, 1896 Voluntary Liquidation

Source: historical_nic

3. December 15, 1930 Run

Cause Details: Article does not specify a trigger or reason for the run; mentions arrests expected but no explanation of origin (no explicit rumor or bank-specific insolvency cited).
Measures: Large cash and a $200,000 deposit by the state bolstered deposits; bank officials remained open and reported no further withdrawals next day.
Newspaper Excerpt: Expecting Arrests As Result Of 'Run' On Bank Yesterday ... deposits yesterday had exceeded withdrawals ... Cash paid out totalled and deposits aggregated ... bank officials estimated deposits today ... totalled $433,000, including $200,000 cash deposit by the state
Source: newspapers

Newspaper Articles (1)

1. December 16, 1930 The Greensboro Record Greensboro, NC

Article from The Greensboro Record, December 16, 1930

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Article Text

Expecting Arrests As Result Of 'Run' On Bank Yesterday Dec. Eugene Culbreth of Raleigh nounced today that he expected rests and the result "run" made here on the National bank. After doing the biggest day's business in the history the financial times when lines of persons the windows extended into the bank officials announced last night that deposits yesterday had exceeded withdrawals Cash paid out totalled and deposits aggregated Today at noon bank officials estimated deposits today that hour totalled $433,000. including $200,000 cash deposit by the state There practically no withdrawals today, they said.