Peoples Bank - Maxton, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 3, 1927
Location: Maxton, North Carolina (34.735, -79.349)

Metadata

Model: gpt-5-mini
Short Digest: 4715e84b

Response Measures

None

Description

Article (1927-10-03) refers to a bank receiver at Maxton (R. McNeill) suing on behalf of the Peoples Bank, indicating the bank was in receivership/closed. No mention of a prior run; therefore classified as a suspension leading to closure/receivership. 'Peoples Bank' treated as a state bank (no 'National' or 'Trust' in name).

Events (1)

1. October 3, 1927 Receivership

Newspaper Excerpt: Case R. McNeill Bank receiver at Maxton begun this morning third time. McNeill is suing for Liberty bonds loaned the Peoples
Source: newspapers

Newspaper Articles (1)

1. October 3, 1927 The Robesonian Lumberton, NC

Article from The Robesonian, October 3, 1927

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Article Text

Superior Court Case Peoples Bank Receiver Begins Court With Judge M. Bond Presiding. court for the trial of civil cases convened here morning with Judge M. Bond of Edenton presiding The term is for weeks, but not expected that court will more than days. case R. McNeill Bank receiver at Maxton begun this morning third time. McNeill is suing for Liberty bonds loaned the Peoples Several attorneys are attending court today.