Bank of Lumberton - Lumberton, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 18, 1893
Location: Lumberton, North Carolina (34.618, -79.009)

Metadata

Model: gpt-5-mini
Short Digest: 31dd69ee

Response Measures

None

Description

Article (dated 1893-05-18) reports the Bank of Lumberton 'has suspended payment' with deposits ~$5,000 and only ~$450 on hand, indicating insolvency. No run or reopening mentioned in the text; likely a permanent suspension/closure.

Events (1)

1. May 18, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Apparent insolvency: deposits ~$5,000 but only ~$450 cash on hand, prompting suspension of payments.
Newspaper Excerpt: A small bank at Lumberton ... has suspended payment. The deposits are said to have amounted to about $5,000 with only about $450 on hand.
Source: newspapers

Newspaper Articles (1)

1. May 19, 1893 The Morning News Savannah, GA

Article from The Morning News, May 19, 1893

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Article Text

A Lumberton Bank Fails. Wilmington, N. C., May 18.-A small bank at Lumberton, belonging to the same system as the Bank of the Carolinas at Florence, S. C., has suspended payment. The deposits are said to have amounted to about $5,000 with only about $450 on hand.