11810. Bank of Holly Springs (Holly Springs, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 5, 1928
Location
Holly Springs, North Carolina (35.654, -78.838)

Metadata

Model
gpt-5-mini
Short Digest
20ab8db8

Response Measures

None

Description

Newspaper legal notices (Mar–Apr 1928) repeatedly refer to the Bank of Holly Springs as 'defunct' with Fidelity Bank named as Receiver and a receiver's report dated March 5, 1928. No article mentions depositor runs. Subsequent 1932 notices show receiver deeds and sales of bank property, indicating permanent closure and asset disposition.

Events (3)
1. March 5, 1928 Suspension
Cause
Government Action
Cause Details
State Corporation Commission proceedings; a receiver (The Fidelity Bank) appointed and filed a report dated March 5, 1928.
Newspaper Excerpt
defunct bank of Holly Springs ... The Fidelity Bank, receiver of the Bank of Holly Springs ... report of the said Receiver dated March 5th, 1928.
Source
newspapers
2. March 8, 1928 Receivership
Newspaper Excerpt
THE FIDELITY BANK, Receiver THE BANK OF HOLLY SPRINGS. NOTICE North Carolina Corporation Commission VS. Bank of Holly Springs. All and other persons interested in the defunct bank of Holly Springs are hereby notified ... show cause ... why the Fidelity Bank, receiver of the Bank of Holly Springs, shall not make the compromise with the former directors ... report of the said Receiver dated March 5th, 1928. THE FIDELITY BANK. Receiver THE BANK OF HOLLY SPRINGS. 3-8, 15, 22.
Source
newspapers
3. April 4, 1932 Other
Newspaper Excerpt
deed from J. R. Seagraves and wife dated April 7, 1928, to The Fidelity Bank, Receiver of the Bank of Holly Springs ... This 4th day of April, 1932. F. L. FULLER, JR., Trustee. ... offer for sale at public auction ... the property conveyed to the Bank of Holly Springs ... to The Fidelity Bank, Receiver of the Bank of Holly Springs, which deed recorded ... Book 547, page 233. (1932 sale/auction notices indicate disposition of bank assets.)
Source
newspapers

Newspaper Articles (7)
1. March 8, 1928 The News and Observer Raleigh, NC
Article from The News and Observer, March 8, 1928

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Article Text

NOTICE North Carolina Corporation Commission VS. Bank of Holly Springs. All and other persons interested in the defunct bank of Holly Springs are hereby notified to appear before his Honor, W. C. Harris, in the Superior Court room in the Wake County Court House, in Raleigh, N. C., at 11 o'clock a. m. on the 7th day of April, 1928, and show cause, if any they have, why the Fidelity Bank, of the Bank of Holly Springs, shall not make the compromise with the former directors of the Bank of Holly Springs outlined in the report the said Receiver dated March 5th, 1928. The original of said report on file with the Clerk the Superior Court of Wake County and copy said is in the of Mr. T. R. Lashley, of Holly Springs, N. C., for the inspection of interested parties. Creditors are further notified to file exceptions to the finding of the relative to their claims on or before M. on the 7th day of April, 1928, at which time exceptions will be heard. All parties failing to make objections to the said settlement, or failing to file exceptions to the findings of the Receiver as set forth in said report, on or before the above date, will be conclusively bound by the Order entered in this proceeding that time. THE FIDELITY BANK. Receiver THE BANK OF HOLLY SPRINGS. 3-8, 15, 22.

2. March 15, 1928 The News and Observer Raleigh, NC
Article from The News and Observer, March 15, 1928

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Article Text

WANTED LIVESTOCK and POULTRY RHODE ISLAND RED CHICKS tested. Breeding pens direct of Many of and and Farms carefully cent delivery Address Cary BA SALE FROM Leghorn lock State. Kildaire BUY CHICKS FROM EXPERIENC producers stock. Rocks, State tested. eggs. Free Wilkes Hatchery, North BLOOD SUPPLY EGGS FOR HATCHERY CATALOG FARMS HARRISONVIRGINIA. 250 EGGS EACH Another ones. 13 years times farm Sensible Big Reds. Buff Barred Buff tested. accredited. PreTENN W are bred Blood breeders. Write catalog. Farm, Dunn. N. ACCREDITED BLOOD TESTED Tancred Leghorns 50 100 Reds, $8.00 Buff and $12 $57 anteed. Palmer Hatchery, ShelbyQUALITY CHICKS. WHITE Ancona, Barred (from Brahmas, from breeder. Blue Ribbon Farms, YOUR CHICKS from North farm. No Ing eggs. Many Lowest prices. Money guarantee. Eagle Poultry REMOVE WORMS from King Cotton Drug Store, FROM BLOOD 'ESTED Rocks, Reds other breeds, 100 White Leghorns, We 100% live delivery hatch each Thursday. Highest brooders prices. for free Inc., Under State erN. AUTOMOBILES-TRUCKS SEE THE NEW FORD SANDERS TON NASH TRUCK SALE and all parts good Large covered body. Apply at and for 1925 Chevrolet Koonce Furniture Store, Raleigh. MOTORCYCLES INDIAN, THE POLICE MOTOR. with leaving the officer's hand free for action, ham, Ala., uses Watch Q. this space for facts. Bert Raleigh MORE SHERIFF DEpartments use Davidson than all combined. Bob Upchurch, Raleig REAL ESTATE FOR SALE LEGAL NOTICES NOTICE TO CONTRACTORS. The Board of Education of Person County will receive bids on an eightroom school building (State Standard Plan) until eleven o'clock of the 23 day of March 1928. Alternate bids requested on brick on tile and brick on wood. Plans and specifications may be obtained from Superintendent B. Satterfield, Rexboro, North Carolina. Separate bids are also requested on heating and plumbing for the above building. All bids must accompanied by certified check of per cent., made payable to the Chairman the Board of Education of Person County. The Board serves the right to reject any or all bids. (Signed) B. I. SATTERFIELD. 3-19d Supt. Schools, Person Co. NOTICE North Carolina Corporation Commission vs. Bank of Holly Springs. All and other persons interested in the defunct bank of Holly Springs are hereby notified to appear before his Honor, W. C. Harris, in the Superior Court room in the Wake County Court House, in Raleigh, N. C., 11 o'clock m. on the 7th day of April, 1928, and show cause, if any they have, why the

3. March 15, 1928 The News and Observer Raleigh, NC
Article from The News and Observer, March 15, 1928

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Article Text

LEGAL NOTICES Fidelity Bank, receiver of the Bank of Holly Springs, shall not make the with the former directors of the Bank of Holly Springs outlined in the report of the said Receiver dated March 5th, 1928. The original of said report is on file with the Clerk of the Superior Court of Wake County and copy of said report is in the possession of Mr. T. R. Lashley, Holly Springs, N. C., for the inspection of interested Creditors are further notified to file exceptions to the finding of the Receiver relative to their claims on or before 11 o'clock A. M. on the 7th day of April, 1928, at which time exceptions will be heard. All parties failing to make objections to the said settlement, or failing to file exceptions to the findings of the Receiver as set forth in said report, on before the above date, will be conclusively bound by the Order entered in this proceeding at that time. THE FIDELITY BANK, Receiver THE BANK OF HOLLY SPRINGS. 3-8, 15, 22. THE SUPPLY OF OPPORTUNITY never below par in the Ads.

4. March 22, 1928 The News and Observer Raleigh, NC
Article from The News and Observer, March 22, 1928

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Article Text

LEGAL NOTICES should attend before said should JOSEPH CHESHIRE North Carolina Corporation Commis. sion VS. Bank of Holly Springs. All creditors and other persons interested in the defunct bank of Holly Springs are hereby notified to appear before his Honor, W. C. Harris, in the Superior Court room in the Wake County Court House, in Raleigh, N. C., m. on the 7th day of April, 1928, and show cause, if any they have, why the Fidelity Bank, receiver of the Bank of Holly Springs, shall not make the compromise settlement with the former directors of the Bank of Holly, Springs as outlined in the report of the Receiver dated March 5th, 1928. The original of said report is on file with the Clerk of the Superior Court of Wake County and copy of said report in the possession of Mr. T. R. Lashley, of Holly Springs, N. C., for the inspection of interested parties. Creditors are further notified to file exceptions to the finding of the Receiver relative to their claims on or before o'clock A. M. on the 7th day of April, 1928, at which time such exceptions will be heard. All parties failing to make objections the said settlement, or ing to file exceptions to the findings

5. March 22, 1928 The News and Observer Raleigh, NC
Article from The News and Observer, March 22, 1928

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Article Text

LEGAL NOTICES of the Receiver as set forth in said report, on or before the above date, will be conclusively bound by the Order entered in this proceeding at that THE FIDELITY BANK, Receiver THE BANK OF HOLLY SPRINGS. 3-8, 15, 22. NOTICE OF SALE OF STOCK OF MERCHANDISE BY TRUSTEE. Under and by virtue of the and authority me vested as Trustee in Bankruptcy for George Reyes, trading as Reliable Store, bankrupt, will sell to the highest bidder for at the store of George Reyes in Warsaw, N. C., on the 31st day of March, 1928, at the of 12 o'clock m., all the stock of belonging to George Reyes, bankrupt, consisting of hats, caps, shoes, dry goods and notions. The general stock will be sold in bulk. will require the purchaser to deposit with in cash an amount equal to 10% (ten per cent) of his bid and this sale will be made sub. ject to the confirmation of Hon. Joseph B. Cheshire, Jr., Referee in Bankruptcy, at Raleigh, N. C., and no title to the goods will pass until the sale is confirmed and that time the remainder of the bid will be required in money. Advertised this 19th day of March, 1928. F. L. POTTER, Trustee in Bankruptcy, Kenansville, N. C.

6. April 13, 1932 The News and Observer Raleigh, NC
Article from The News and Observer, April 13, 1932

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Article Text

LEGAL NOTICES. Register of Deeds of Wake County in Book 249 page 273. BEGINNING at a stake just in front of the J. R. Seagraves store on the east side of Apex Street; running north 03 deg. east 6 poles to stake T. B. Rollins' line; thence south 54 deg. east poles to stake, Carter's corner; thence south 01 deg. west 6 poles to stake in W A. Seagraves line; thence north 46 deg. west poles to the BEGINNING; and being the same property described as "First Tract' in the deed from J. R. Seagraves and wife dated April 7, 1928, to The Fidelity Bank, Receiver of the Bank of Holly Springs, which deed recorded in the office of the Register of Deeds of Wake County in Book 547, page 233. This 4th day of April, 1932. F. L. FULLER, JR., 4-6, 13, 20, 27. Trustee. MRS. HOUSEWIFE- DON'T WEAR yourself the drudgery home work find experihelp the "Position Wanted" column.

7. April 27, 1932 The News and Observer Raleigh, NC
Article from The News and Observer, April 27, 1932

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Article Text

LEGAL NOTICES. Thursday, May 12, 1932, at 12 o'clock M. at the Court House door in Ra leigh, N. C., offer for sale at pub lic auction for cash the following land and premises, lying and being in Wake County, N. C., and bounded and described as follows, to-wit: 1. BEGINNING at an iron stake on the inside edge of the sidewalk on the west side of Apex Street and on the south side of Cross Street; run ning north 82 deg. west 100 feet to stake; thence in southerly di rection 25 feet to stake; thence south 89 deg. east 100 feet to stake on the inside of the sidewalk on the west side of Apex Street; thence in northerly direction 25 feet the BEGINNING, same being the property conveyed to the Bank of Holly Springs by deed of R. M. Adams in the office of the Register of Deeds Wake County in Book 249 page 273. BEGINNING at a stake just in front of the J. R. Seagraves store on the east side of Apex Street; run ning north 03 deg. 6 poles to stake in B. Rollins' line; thence south 54 deg. east poles to stake Carter's south 01 deg. west poles to stake in W. Seagraves north 46 deg west poles the BEGINNING and being the same property de scribed as "First Tract" the deed from J. R. Seagraves and wife dated April 1928, to The Fidelity Bank, Receiver of the Bank of Holly Springs, which deed recorded in the office of the Register of Deeds of Wake County in Book 547, page 233. This 4th day of April, 1932. L. FULLER, JR., 13, 20, 27.