First National Bank - Henderson, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7564
Charter Number: 7564
Start Date: January 2, 1932
Location: Henderson, North Carolina (36.325, -78.416)

Metadata

Model: gpt-5-mini
Short Digest: a818e5ff

Response Measures

None

Receivership Details

Date receivership started: 1932-01-23
Date receivership terminated: 1932-10-04

Description

The First National Bank of Henderson did not open for business on Jan. 2–3, 1932 and its affairs were turned over to bank examiners; later (Jan. 27, 1932) a receiver was appointed. No newspaper text describes a depositor run prior to suspension.

Events (6)

1. January 18, 1905 Chartered

Source: historical_nic

2. January 2, 1932 Suspension

Cause: Government Action
Cause Details: Directors turned the affairs of the bank over to the state/national bank examiners and the bank did not open for business; suspension action involved examiners taking charge pending reorganization.
Newspaper Excerpt: Gurney P. Hood, State Bank Commissioner, was informed this morning that the First National Bank, of Henderson, ... did not open for business today.
Source: newspapers

3. January 23, 1932 Receivership

Source: historical_nic

4. January 27, 1932 Receivership

Newspaper Excerpt: R. G. Harrison Is Appointed Henderson Bank Receiver ... appointed receiver for the First National ... was the city today being checked take charge ... the bank has been in charge ... since closed ... was checking Mr. Harrison to be in charge from this until some disposition of the bank is made.
Source: newspapers

5. October 4, 1932 Restored To Solvency

Source: historical_nic

6. March 15, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (3)

1. January 3, 1932 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, January 3, 1932

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Article Text

BANK CHAIN SUSPENDS Charleston (S. C.) Institution Is Taken Over By State. Charleston, S. C., January 2-(AP) The People's State Bank, of Charleston, with 44 branches in 41 towns deposits at the time of its last statement of $24,443,690, did not open for business today. Its Board of Directors, after saying had decided turn the affairs the system over the examiner for period of 30 days, pending efforts toward reorganizaThe bank, one of the oldest in the state, was capitalized at $2,000,000 and listed its total resources in its statement, September 29, at $28,773,802. The First National Bank, of Florclosed today. Directors anhad been decided to the bank in the hands of the Na tional bank examiners. Raleigh, N. C., January Gurney P. Hood, State Bank Commissioner, was informed this morning that the First National Bank, of Henderson, and the Farmers' Bank Trust Co., of Madison, did not open for business today. The Commissioner also announced that the First and Citizens' Bank Trust Co., of Smithfield. took over the Bank & Trust Co., of Smithfield, this morning.

2. January 27, 1932 News and Record Greensboro, NC

Article from News and Record, January 27, 1932

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Article Text

R. G. Harrison Is Appointed Henderson Bank Receiver (Special Daily News) HarriWilliamston, appointreceiver for the First National January and was the city today being checked take charge M. Barnett, Charlotte bank has been in charge the bank since closed. but who has for the last several days. was back today was checking Mr. Harrison, be charge from this until some disposition of the bank is made.

3. March 7, 1940 Henderson Daily Dispatch Henderson, NC

Article from Henderson Daily Dispatch, March 7, 1940

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Article Text

Brooks Parham, Jr., Gets 8 Months In Bank Case Suspended Term In State Prison of Three to Five Years Provided; Strong Appeals For Mercy of Court Are Made. and the defendant pleading guilty W. Brooks Parham. Jr., pleaded to embezzling nearly $10,000 not be guilty in Vance Superior Court toimprisoned. He told the court that day of embezzling more than $9.000 he was glad he did not have to make from the Citizens Bank & Trust the decision. and that he would not Company while he was employed by personally suggest the court's action. that bank. and threw himself upon It developed during the offering the mercy of the court. of testimony to establish facts for Judge Leo Carr proposed to deconsideration of the court in imfense attorneys that the defendant posing sentence that the defendant had entered Westbrook Sanitarium plead guilty to forcible trespass, in addition to the embezzlement in Richmond February 23 for treatcharge. and this was assented to by ment. and that he had been there Solicitor E. R. Tyler. prosecuting and under treatment until released for the State. Judge Carr imposed a at noon yesterday to come here for sentence of eight months in the the disposition of charges in the Vance county jail on the forcible case today. Tells Of Parham's Illness. trespass charge. and on the embezzlement count gave not less than Dr. J. K. Hall. one of the directhree and not more than five years tors of Westbrook. and described to in State Prison. to commence at the the court as one of the South's leadend of the jail term. but sentence ing physicians. testified at great to be suspended on condition of good length as to the condition of the behavior for five years. and that defendant. He said he knew when the defendant pay the costs of the the young man. who is 29 years old. case. and be placed on probation, an came to his office February 23 for order for which is to follow by treatment that he was ill. He said the court. he found him to be very sick, and Pleas For Mercy. sent him later to a urology spePowerful pleas were made by cialist in Richmond. who found that counsel for leniency on the part of he was suffering from a serious kidthe court. Judge Carr said, howney ailment. and that treatment ever. that. in view of the large was imperative immediately if he amount of the embezzlement. and were not to be allowed to grow the fact that it was a continuous much worse. affair. and for the effect on the Dr. Hall said the defendant had public. he thought it wise that some talked freely with him about his period of incarceration be provided. case, and that he found he was sufHe expressed his deep sympathy for fering greatly as a result of it. the young man. for his wife and Dr. Charles Rollins said he extheir infant daughter. and for his amined the defendant about a year parents and other relatives. He said ago and found he had symptoms of he only wished he could get the Bright's disease. and gave it as his consent of his mind to make the opinion that he would never be judgment entirely a matter of proentirely well again. bation. but felt he could not beIn his judgment in the case, cause of the amount involved. Judge Carr made provision for the Remarks by Solicitor. defendant to have hospital treatSolicitor Tyler told the court that ment when and if declared neceshe felt deeply for the defendant sary, regardless of the jail senand his family. but called attentence. tion to the fact that only a few An array of character witnesse: minutes before a jury had returned appeared before the court. all o! a verdict in the court against a dethose testifying giving it as their fendant for forging a check for opinion that the defendant could $7.65. and that he did not think rehabilitate himself if given a it was altogether justice that the chance without prison confinement. latter should receive a prison senRodwell Relates Shortage. tence for a small amount like that Roy O. Rodwell, vice-president and cashier of the Citizens Bank. testified about the finding of the shortage in Brooks Parham's bookKIDNEYS keeping accounts, and said that the young man admitted the shortage and gave every cooperation in the MUST REMOVE effort to locate all the false entries rie could not say positively about a discrepancy of some $600 in the defendant's books when he worked EXCESS ACIDS for the old First National Bank of Help 15 Miles of Kidney Tubes Henderson prior to the time when Flush Out Poisonous Waste the bank went into receivership in If you have an excess of acids in your blood, 1932. Later a statement was made your 15 miles of kidney tubes may be overworked. These tiny filters and tubes are working to the court that the defendant had day and night to help Nature rid your system of admitted that. and had said that excess acids and poisonous waste. When disorder of kidney function permits restitution of $150 had been made poisonous matter to remain in your blood, it in that case. may cause nagging backache, rheumatic pains, Roland Turner. a bookkeeper in leg pains, loss of pep and energy, getting up nights, swelling, puffiness under the eyes, headthe Citizens Bank, testified that the aches and dizziness. Frequent or scanty passhortage first appeared on his books, sages with smarting and burning sometimes shows there is something wrong with your but that later Brooks had admitted kidneys or bladder. it was his own. #Kidneys may need help the same as bowels, Attorneys Give Services. SO ask your druggist for Doan's Pills, used successfully by millions for over 40 years. They Solicitor Tyler was alone in congive happy relief and will help the 15 miles of ducting the prosecution, but the kidney tubes flush out poisonous waste from your blood. Get Doan's Pills. defendant was represented by J. C.