Bank of Holly Springs - Holly Springs, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 7, 1928
Location: Holly Springs, North Carolina (35.654, -78.838)

Metadata

Model: gpt-5-mini
Short Digest: a569c7fb

Response Measures

None

Description

The article is a legal notice (Apr 6, 1932) referencing property conveyed to 'The Fidelity Bank, Receiver of the Bank of Holly Springs' (deed dated Apr 7, 1928). This indicates the Bank of Holly Springs had been placed in receivership and closed prior to 1932; no run or reopening is described in the text. Date for the receivership/deed (1928-04-07) is taken from the notice.

Events (3)

1. April 7, 1928 Receivership

Newspaper Excerpt: to The Fidelity Bank, Receiver of the Bank of Holly Springs
Source: newspapers

2. April 7, 1928 Suspension

Cause: Government Action
Cause Details: Property deeded to The Fidelity Bank as Receiver of the Bank of Holly Springs (receiver appointed; bank in receivership/closed).
Newspaper Excerpt: being same property described as First Tract' in the deed from J. R. and wife dated $46,000,000 April 7, 1928, to The Fidelity Bank, Receiver of the Bank of Holly Springs
Source: newspapers

3. April 6, 1932 Other

Newspaper Excerpt: NOTICE OF SALE. Pursuant to the terms of a certain deed of trust ... being the property conveyed to the Bank Holly Springs ... being same property described as 'First Tract' in the deed ... to The Fidelity Bank, Receiver of the Bank of Holly Springs, recorded ... Book 547, page ... This 4th day of April, 1932. L. JR., 13, 27. Trustee.
Source: newspapers

Newspaper Articles (1)

1. April 6, 1932 The News and Observer Raleigh, NC

Article from The News and Observer, April 6, 1932

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Article Text

NEW YORK CURB LIST STEADY SELLING New York, April West Util list stock Ut the New York Curb Minn Honey IN CURB MARKET Kans Min Ansco Mount Invest Avia Am and Sh Co Am Alum Goods Am and LB Mch Founders Invest Pow pf Fd Sup Power war Thread Shares Md Nit Mines Airways Austin and Lips Util Pender Gr A Wat and Pow Morris Cons Radio Ridge Gold M Lt Pruden Hold Hold Oil Cab Wirel Prod Cent Serv Pap Centrif Burrell Prod Corp nv Indus Serv Ind Claude Neon Dela CV and and and Balt Strs Bess A Rey Pipel Tobacco vtc and Press Serb Mot Am Hos Co Co Forest Detroit Aircraft A East Tob Del Asso Lux Bond Saf Glass and Ch Lamp Pow Fin opt war Share Serv Sh war Europ and Elec Pow Play Cd Equities Mot Power and Foremost Fab and B ctf Gen and Ind Aviation Corp Finan and West Center Min Md Knit Y sales, 270,000 and stock sales year 425,1st pf shares. Min Co Horn and pf Imp Can reg Insull pf Ins Co war Internat Util Equit Eq Ch Klein E) Brandes Lake Shore Lehigh N Lone Star Gas Long Is Syn Asso his car Util Asso Asso Mead Memphis Gas Continuation of Liquidation Sends Values Down Again; Trading Heavier New York, April 5. (AP) steady backwash of which was not heavy at any time continued P the curb market today and washed away prices of most leading *isues from fractions to two points JT 80 share. A total of 270,000 shares changed hands in today's trading against 260.000 yesterday. The volume was the greatest for any one day since Mar. Selling centered largely in the public utility group with special weakness appearing in Electric Bond and Share issues. Inquiry indicated that some selling of utility securities had resulted from the recent downward trend reported in Electric Power Production figures. An exception to the generally |ower trend was furnished by Gulf Oil which rallied 3-8 point to 31 7-8. The oils as a group showed good undertone. Newmont Mining gave way to new low at 81-2. Ford of Canada and the two Standard Oils Kentucky and Ohio lost fractionally while Ford Motors. Ltd.. and sprinkling of other stocks registered tractional gains LEGAL NOTICES. NOTICE OF SALE. Pursuant to the terms of a certain deed of trust executed by L. H. Furr and wife to F. L. Fuller, Jr., Trus tee, under date of March 11, 1929, which said deed is recorded in the office of the Register of Deeds Wake County, N. Book of Mortgages page 361, because default in the payment of the in debtedness therein recited and there by secured, and at the request the owner and holder of said in debtedness, the undersigned will on Thursday, May 12, 1932, at 12 o'clock M. at the Court House door in Ra leigh, N. C., offer for sale at pub lie auction for cash the following land and premises, lying and being in Wake County, and bounded and described as follows, to wit: BEGINNING at an iron stake on the edge of the sidewalk the west side of Apex Street and on the south side of Cross Street run ning north 82 deg. west 100 feet to stake: in southerly rection 25 feet to stake; thene south 89 deg. east 100 feet to stake on the inside of the sidewalk on the west side of Apex Street thence in northerly 25 feet to the BEGINNING, same being the property conveyed to the Bank Holly Springs by deed of R. Adams recorded in the office of the Register of Deeds of Wake County in Book 249 page 273. BEGINNING at a stake just college, independence. front of the J. R. Seagraves store on the east side of Apex. Street; an ning north 03 deg. east poles stake T. B. Rollins' line: thence south 54 deg. east 5 poles to stake record, and contains seven Carter's corner; thence south 01 deg practical money-accumupoles to stake in W Seagraves line thenee north 46 deg lation programs. Send for west poles to the BEGINNING, your copy today. being same property de scribed as "First Tract' in the deed RESOURCES OVER from J. R. and wife dated $46,000,000 April 7, 1928, to The Fidelity Bank, Receiver of the Bank of Holly Springs, recorded in the office of the Register of Deeds Wake County in Book 547, page This 4th day of April, 1932. L. JR., 13, 27. Trustee.