National Bank - High Point, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3490
Charter Number: 3490
Start Date: July 13, 1933
Location: High Point, North Carolina (35.956, -80.005)

Metadata

Model: gpt-5-mini
Short Digest: 8e608d25

Response Measures

None

Description

Articles indicate the National Bank of High Point was placed in receivership (John D. Biggs, receiver) by mid-1933, with receiver collections and dividends reported and the receiver pursuing suits through 1934. There is no explicit description of a depositor run in the provided clippings; earlier 1932 item says High Point banks were in good shape. Thus this appears to be a suspension/closure (receivership) without a reported run.

Events (6)

1. April 21, 1886 Chartered

Source: historical_nic

2. November 28, 1907 Voluntary Liquidation

Source: historical_nic

3. July 13, 1933 Receivership

Newspaper Excerpt: John D. Biggs, receiver National bank, been made public. Cash collected ... including 15 per cent dividend to depositors.
Source: newspapers

4. July 13, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was placed in receivership (insolvency/closure) resulting in receiver collections and a dividend to depositors; articles reference the receiver's report rather than depositor panic.
Newspaper Excerpt: John D. Biggs, receiver National bank, been made public. Cash collected ... including 15 per cent dividend to depositors.
Source: newspapers

5. January 30, 1934 Other

Newspaper Excerpt: Recovery of $4,510 on three promissory notes sought the suit started Monday by John D. Biggs, receiver of the National bank, High Point, against H. Williard ... .
Source: newspapers

6. March 28, 1934 Other

Newspaper Excerpt: Argument of counsel will begin ... in the $6,000 stock assessment suit of John D. Biggs receiver of the National bank, of High Point, against Mrs. Bettle Snider ...
Source: newspapers

Newspaper Articles (4)

1. January 1, 1932 The Sentinel Winston-Salem, NC

Article from The Sentinel, January 1, 1932

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Article Text

HIGH POINT IS IN GOOD SHAPE No Repercussions From Bank Failures in That City. High Point activities normal with High Point banks today stated no ill effects had been suffered here as the result of the failure of Greensboro All local banks were fortified with plenty of meet any ments for taking their it was reported of the High Point Branch the North Carolina Bank and received telegram from W the president in it was stated this tion to meet all are being made telegram stated the ation of some of the largest concerns in this country available for our use over $8,000,000 additional Mr. also received copy of telegram the Imperial which read in the of your bank and our balances will remain Ed cashier of the High Point Savings and Trust Company that the of that had per and dent president the National Bank stated posits exceeded withdrawals in this

2. July 13, 1933 News and Record Greensboro, NC

Article from News and Record, July 13, 1933

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Article Text

Total Collections By Bank Receiver Reach $2,448,303 Greensboro Daily News Bureau East Broad Street, High Point, lections of are in the quarterly report John D. Biggs, receiver National bank, been made public. Cash collected from the stock sessment has far than of the Disto including 15 per cent dividend to depositors.

3. January 30, 1934 News and Record Greensboro, NC

Article from News and Record, January 30, 1934

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Article Text

TWO DIVORCE ACTIONS FILED IN COURT HERE Commercial Bank Receiver Starts Suit Collect $4,510 On Three Notes. Two divorce actions, one involving of five-year-old child, were custody started Superior court Monday complaints filed in the when office Wayland Cooke, clerk of of Superior court. Floyd Gibson against Ruth Wolfe Gibson for divorce decree and custody their one child. The complaint alleges that the couple were married May 1926, arated July 23, 1933. Adultery alleged grounds for the decree. The second divorce action was that Dixon against Ruby Schults Dixon, whom plaintiff married in Danville. Va., December 26, 1931. The couple separated January 26, 1932, Recovery of $4,510 on three promissory notes sought the suit started Monday by John D. Biggs, receiver of the National bank, High Point, against H. Williard. Vivian Williard and Sallie Williard. An action to collect $134 and possession of certain personal property incumbered chattel was started the American Chemical company against W. Teague, of Alamance county.

4. March 28, 1934 News and Record Greensboro, NC

Article from News and Record, March 28, 1934

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Article Text

ARGUMENT TO BEGIN IN TODAY Commercial National Receiver Seeks This Amount On Stock Assessment. 2. SUITS COMPROMISED Argument of coursel will begin in Superior court this morning in the $6,000 stock assessment suit of John D. Biggs receiver of the National bank, of High Point, against Mrs. Bettle Snlder and Mrs. The bank receiver in addition to the $6,000 recovery seeking court decree to aside certain conveyances allegedly made by Mrs Cor* bett contended by the plainliff that the property transfer was for the purpose of payment of stock Defense tention that the for of Mrs. Snider daughter of Mrs. her guardian Two litigations growing out of fatal grade crossing on December 1932. were terminated Tuesday when. Judge John H. Clement signed Mrs Mary administratrix of the of Robert Hiatt. who was killed the when comotive struck his car the ing. was of $200 damages to the deceased's Defendants in the Action the Southern North Carolina Railroad companies. M. Causey who was injured when the train struck the Hiatt which he was passenger, was awarded damages against the two Compromise jutigment was also signed Judge Clement the Arthur Edwards against Mary Belle Petty. The plaintiff ing for damages the result apartment owned by the defendant. but nature of the com. promise was not set out in the Judgment non-suit was entered in the case of Crane company and others against E. Darnell, trading as Piedmont and Heating company the Consoridated Indemnity and Insurance company