Article Text
M. W. M'PHERSON NAMED MEBANE BANK RECEIVER Aug. for the First National Mebane which has opened closed durmg the holiday March Mr. has banking in cashier Savings United Bank and Trust in capacity and assisting
11851. First National Bank (Mebane, NC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 11697
- Charter Number
- 11697
- Start Date
- March 1, 1933*
- Location
- Mebane, North Carolina (36.096, -79.267)
Metadata
- Model
- gpt-5-mini
- Short Digest
409931d0
Response Measures
None
Receivership Details
- Depositor recovery rate
- 74.1%
- Date receivership started
- 1933-08-16
- Date receivership terminated
- 1938-03-17
- Share of assets assessed as good
- 11.9%
- Share of assets assessed as doubtful
- 84.2%
- Share of assets assessed as worthless
- 3.9%
Description
The bank had not reopened after closing during the March bank holiday (1933) and a receiver (M. W. McPherson) was named in late August 1933, indicating suspension leading to receivership/closure. No run is described in the articles.
Events (4)
1.
May 4, 1920
Chartered
- Source
- historical_nic
2.
March 1, 1933*
Suspension
- Cause
- Government Action
- Cause Details
- Closed during the March 1933 bank holiday and never reopened thereafter; closure tied to the bank holiday shutdowns of March 1933.
- Newspaper Excerpt
- which has not opened since closed during the March bank holiday
- Source
- newspapers
3.
August 16, 1933
Receivership
- Source
- historical_nic
4.
August 26, 1933
Receivership
- Newspaper Excerpt
- M. W. M'PHERSON NAMED MEBANE BANK RECEIVER Aug. for the First National Mebane ... Burlington Man Named Mebane Bank Receiver McPherson, Burlington, named receiver for First National Bank of Mebane which has not opened since closed during the March bank holiday. (Article names M. W. McPherson as receiver.)
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Burlington Man Named Mebane Bank Receiver Daily News) (Special McPherMebane, Aug. son, Burlington, First Nareceivor for pointed tional Bank of Mebane which has not opened last closed March. durbank holiday ing been closely has identified with banking in Alamance Savings cashier the county as and later the Burlington United bank Bank and Trust company in the same former cashier George Johnson, National bank has been the First capacity of conservserving in the Mr. Meand now assisting is Pherson.