Bank of Knightdale - Knightdale, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 30, 1928
Location: Knightdale, North Carolina (35.788, -78.481)

Metadata

Model: gpt-5-mini
Short Digest: 8cf116b7

Response Measures

None

Description

Article (News and Record, 1928-03-30) discusses the old Bank of Knightdale being wound up with a receiver (J. Fulghum) and contested receiver/attorney fees. It indicates the bank went out of business and is being settled by a receiver. No run is mentioned in the text, so this is a suspension/closure with receivership. Cause of failure is not specified in the article (assigned to 'other').

Events (2)

1. March 30, 1928 Receivership

Newspaper Excerpt: Receiver J. Fulghum ... winding up affairs of the old Bank of Knightdale ... allegation that Messrs. Fulghum and Barwick allowed $6,250 fees for the settlement of this bank's affairs, ... contested allowance. (News and Record, 1928-03-30).
Source: newspapers

2. March 30, 1928 Suspension

Cause Details: Article states the bank 'went out of business' and is being wound up by a receiver; no specific trigger (insolvency cause) is provided.
Newspaper Excerpt: winding up affairs of the old Bank of Knightdale ... The Bank of Knightdale went out of for business with $13,000 deposits and $10,000 capital stock.
Source: newspapers

Newspaper Articles (1)

1. March 30, 1928 News and Record Greensboro, NC

Article from News and Record, March 30, 1928

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Article Text

Claim Fees Of 2 Lawyers In Bank Case Exhorbitant Daily News and Telegraph Office Raleigh, March and court visitors are Interested in hearing before Judge H. Cranmer when the fees of Receiver J. Fulghum Attorney Allen Barwick, winding up affairs of the old Bank of Knightdale, are to The Bank of Knightdale went out of for business with $13,000 deposits and $10,000 capital stock. The been paid in full. But the basis of the in. quiry is the allegation that Messrs. Fulghum and Barwick lowed $6,250 fees for the settlement of this bank's affairs, and that represents nearly per cent the deposits claim made that this is an exorbitant allowance.