Bank of Harrellsville - Harrellsville, NC

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: January 7, 1932
Location: Harrellsville, North Carolina (36.303, -76.792)

Metadata

Model: gpt-5-mini
Short Digest: 44292ffb

Response Measures

Accommodated withdrawals

Description

Article (Jan 7, 1932) reports a short period of hysteria/withdrawal pressure locally but the Bank of Harrellsville remained open and continued doing business as usual while other county banks were forced to close. No suspension, reopening, or receivership for this bank is mentioned.

Events (1)

1. January 7, 1932 Run

Cause: Local Banks
Cause Details: Panic triggered by other county banks being forced to close; depositors' hysteria led to withdrawal pressure on local banks including Harrellsville.
Measures: None mentioned; bank continued to do business as usual and accepted town/county deposits.
Newspaper Excerpt: the Bank of Harrellsville, have passed through the short period of hysteria that prevailed bereabouts and in practically every section of the and are doing business usual.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 The Herald Ahoskie, NC

Article from The Herald, January 7, 1932

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Article Text

TWO HERTFORD BANKS ARE SOLIDLY OPERATING the county's banks having been forced close because them by depositors, the other two, The Peoples Bank Murfreesboro, the Bank of Harrellsville, have passed through the short period of hysteria that prevailed bereabouts and in practically every section of the and are doing business usual. As result greater ever is being placed in the two banks, and depositors satisfied that their course of permitting the banks to remain open has sav ed them the financial disturbance caused at Ahoskie and Winton. Murfreesboro and Harrellsville, business being done usual and there is fear of runs nor of forced closings. The Peoples Bank will house the county's money result of the action of county commissioners Monday, and The Bank of Harrellsville will become the depository of town of Ahoskie funds, provided the bank desires the account.