Citizens Bank - Hendersonville, NC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 21, 1930
Location: Hendersonville, North Carolina (35.319, -82.461)

Metadata

Model: gpt-5-mini
Short Digest: a4fdd373

Response Measures

None

Description

Article (Nov 21, 1930) describes Hendersonville banks being closed and examined; Citizens Bank is discussed as having capital and believed solvent and likely to pay depositors. There is no explicit description of a depositor run; article mentions examiners and closures, implying a suspension with expectation of eventual resolution/reopening.

Events (1)

1. November 21, 1930 Suspension

Cause: Government Action
Cause Details: Banks in Hendersonville were closed and under examination by bank examiners, leading to suspension of operations.
Newspaper Excerpt: Standstill... the three Hendersonville banks had not yet been over the bank examiners... closed were without... believed by most the Citizens ... will pay off depositors, and will be solvent.
Source: newspapers

Newspaper Articles (1)

1. November 21, 1930 The Asheville Times Asheville, NC

Article from The Asheville Times, November 21, 1930

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Article Text

HENDERSON NOT EXCITED OVER ITS SITUATION (Continued and president American Bank and Trust company, exsituation in Hendersonville Friday at Standstill Virtually the whole he was caught with small amount no cash naturally not on. Some were cepting as deposits on merchandise city and Henderson did banking principally with the closed were without sonville crowded with groups men and women about cussing the Morale of the public was reported be ever, and feeling was rationalized. Bank Foreseen It was the general belief of men that large capable of the community the The Citizens Bank was capitalized $100,000 surplus hand $150,000 the last statement First had capital stock and and Deposits mately ment. The American cap$25,000 and had deposits of While the books and of the three Hendersonville banks had not yet been over the bank aminers. believed by most the Citizens and the Bank will pay off depositors, and will be solvent..