Farmers Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 4, 1923
Location: La Grange, North Carolina (35.307, -77.788)

Metadata

Model: gpt-5-mini
Short Digest: b44f8ff2

Response Measures

None

Description

The article (Dec 4, 1923) refers to the Farmers Bank and Trust Company of LaGrange as 'defunct' and mentions actions against directors and receivers and a suit to recover a note. No run is described; the bank appears closed with receivership and litigation underway, so classify as suspension leading to closure.

Events (3)

1. December 4, 1923 Other

Newspaper Excerpt: Atlantic Bank and Trust company enters suit for $20,000 against individuals connected with defunct Farmers Bank and Trust company, of LaGrange, seeking to recover balance due on note.
Source: newspapers

2. December 4, 1923 Receivership

Newspaper Excerpt: 62 actions for relief have been instituted against directors and receivers of defunct Farmers Bank and Trust company, of LaGrange.
Source: newspapers

3. December 4, 1923 Suspension

Cause Details: Article states the bank is 'defunct' and actions are pending against directors and receivers; no run or specific trigger described.
Newspaper Excerpt: Clerk of superior court announces 62 actions for relief have been instituted against directors and receivers of defunct Farmers Bank and Trust company, of LaGrange.
Source: newspapers

Newspaper Articles (1)

1. December 4, 1923 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, December 4, 1923

Click image to open full size in new tab

Article Text

NORTH CAROLINA DUNN.-S. A. Jackson, Sampson county farmer, sells 1914 cotton crop, which grades strict middling though nine years old, price being above 33 cents, as compared with saven cents when harvested. He could have sold it in 1919 for forty cents per pound. HAMLET.-Denied marriage license in Richmond county because of age of prospective groom, F. M. Medlock, aged ninety-five, and Miss Lizzie Long, aged 38, each a resident of Hamlet, return from Bennettsville, S. C., where they were married. Groom was born in Liverpool, and has been "minister of gospel" for 68 years, this being third marriage. DUNN.-Body of Leslie Lee, stabbed to death in Detroit, Mich., is brought home, funeral services being held at home of father, J. B. Lee. Lee, 22, unmarried, was slain by Greek while engaged in argument over cost of food, his body being almost cut in two. DURHAM.-Arrested at Durham following arrest of Charles Davis, in Chicago, which broke up alleged nation-wide activity of counterfeiting gang, Thomas J. Davis, well-known Durham county man, and his son, Jack, will go on trial in few days at Raleigh on federal charge involving counterfeiting operations. NASHVILLE.-Mayor Ross announces woman involved in case of Charley Moore, lashed and chased from community by unmasked band, has been ordered to leave town and says Moore admitted before his departure that he "deserved" flogging. KINSTON. - Clerk of superior court announces 62 actions for relief have been instituted against directors and receivers of defunct Farmers Bank and Trust company, of LaGrange. GOLDSBORO.-Atlantic Bank and Trust company enters suit for $20,000 against individuals connected with defunct Farmers Bank and Trust company, of LaGrange, seeking to recover balance due on note. ELIZABETH CITY.-Brokers estimate at $100,000 losses of truck farmers in this immediate section from first killing frost, fall crops of English peas and snap beans being ruined. RALEIGH.-North Carolina Baptists, who pledged $7,052,000 in 1919 to "seventy-five million" campaign, and who hold state convention December 11 at Gastonia, will find four years' payments fall $1,600,000 behind pledges, and "heroic" action is begun with view. of collecting addition $250,000 by convention date. ERLANGER.-Mrs B. C. Scarborough, who has been in ill health several years, dies from what physicians describe as an overdose of a poisonous tincture. WINSTON-SALEM.-Mrs G. A. Follin. 77, dies after brief illness. Her husband is prominent business man. ELIZABETH CITY.-A. L. Chesson, 78, is seriously injured when boiler explodes at sawmill of Chesson Manufacturing company, plant of which recently was destroyed by fire. RALEIGH.-Demand for pardon for Dr. L. B. McBrayer from various sections of state results in Governor Morrison announcing his understanding of law is that he legally could issue pardon relieving McBrayer of $50 fine but can not interfere with requirement of law as to his removal from office as superintendent of state tuberculosis hospital. GREENSBORO.-George McDaniel, young son of Mr. and Mrs. Henry S. McDaniel, dies of injuries received previous day when struck by motor car driven by Sam Brady. ORFORD.-R. S. Usry, 75, retired merchant, for many years prominent in business. religious and social life, dies after long illness. BAKERSVILLE.-Three men are sentenced to state prison and two others given suspended sentences when all plead guilty to manslaughter charge growing out of killing of Lewis Blevins, deputy sheriff, and Arthur Hughes, alleged blockader, several months ago. Henry Troutman and Garfield Hughes are given tenyear terms; Flem Blevins, one to five years. GREENSBORO.-City waterworks funds are increased to $400,000 by