Bank of Hamlet - Hamlet, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1925*
Location: Hamlet, North Carolina (34.885, -79.694)

Metadata

Model: gpt-5-mini
Short Digest: dc309832

Response Measures

None

Description

Article reports the Bank of Hamlet closed its doors in 1925 and is in receivership; receivers are paying dividends in 1927. No run is mentioned. Closure appears permanent with a receiver administering payouts.

Events (2)

1. February 1, 1925* Suspension

Cause: Government Action
Cause Details: Bank closed and placed in receivership in early 1925 (closed its doors in 1925).
Newspaper Excerpt: deposits of record when the bank closed its doors 2. 1925.
Source: newspapers

2. December 17, 1927 Receivership

Newspaper Excerpt: receivers for the Bank of Hamlet are paying out a dividend of 5 per cent on deposits of record when the bank closed its doors ... This is the third dividend to be paid out and totals 40 per cent ... the present distribution will release something more than $20,000
Source: newspapers

Newspaper Articles (1)

1. December 17, 1927 The News and Observer Raleigh, NC

Article from The News and Observer, December 17, 1927

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Article Text

BANK RECEIVERS PAY OUT ANOTHER DIVIDEND Hamlet, Dec. ivers for the Bank of Hamlet are paying out a dividend of 5 per cent on deposits of record when the bank closed its doors 2. 1925. This is the third dividend to be paid out and totals 40 per cent, the others being for 20 and 15 per cent, respectively. The present distribution will release something more than $20,000, most of which will be drawn by eitizens