First Bank & Trust Company - Hendersonville, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 1, 1929*
Location: Hendersonville, North Carolina (35.319, -82.461)

Metadata

Model: gpt-5-mini
Short Digest: 21201be0

Response Measures

None

Description

Article reports the bank's closing in November 1929 associated with the president's later conviction for embezzlement and false entries. OCR errors in the article text corrected (e.g., 'First and Trust company' interpreted as 'First Bank & Trust Company'; 'Hennville' -> 'Hendersonville'). No explicit mention of a depositor run or reopening; closure appears permanent and linked to bank-specific malfeasance.

Events (1)

1. November 1, 1929* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in November 1929 tied to embezzlement and false entry by the bank's president, later convicted for those offenses (convictions in 1932).
Newspaper Excerpt: the closing of his bank in Nover. 1929.
Source: newspapers

Newspaper Articles (1)

1. December 4, 1934 The Times-News Hendersonville, NC

Article from The Times-News, December 4, 1934

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Article Text

TION UPON ROLE TAKEN EHRINGHAUS Served Over Minimum me; Record Said Exceptionally Fine T ENOUGH TIME' SERVED, IS OPINION BY J. C. BASKERVILL The Times-News Bureau Sir Walter Hotel LEIGH. Dec. 4.-Application a parole for Mack Rhodes, er president of the First and Trust company of Hennville. and who has been in prison here since October 1932, serving two sentences ed following his conviction embezzlement and making entry. was denied today by J.C. B. Ehringhaus, it was funced this afternoon by ComOner of Paroles Edwin M. odes was convicted. followhe closing of his bank in Noer. 1929. of both embezzleand of making false entry. the embezzlement count he sentenced to from two to ten andon the false entry count om four to six years, and nces to run concurrently. the minimum sentence unhich he could get out, should erve all his time, would be years. To date he has served one month more than two of the minimum four years