cbd2d5b7Borrowed from banks or large institutions, Full suspension
Other: Receiver appointment / RFC loan later in 1932 noted in articles.
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Bank Suspensions. Goldsboro, N. C., Dec. 28 (P).Three Wayne county banks failed today Officials said heavy with drawals had the closings. They were Wayne National bank of Goldsboro, the Citizens bank of Mount Olive and the Bank of Pikeville at Pikeville. The combined deposits were given in September statements as $2,321,095.34 New Dec. prices hot vanized rolled, steel
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FOUR BANKS CLOSE North Carolina Institutions Unable To Operate. GOLDSBORO, N. Dec. The closing four Wayne county banks today following "heavy withdrawals' without banking facilities and hampered business Mount Olive was the bank minutes after beginning what officials was The Citizens' bank not open morning because, officials had been during the several days. The the
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TWO MORE BANKS WILL CLOSE TODAY Failures At Wilson And Goldston Follow Lead Of Four In Wayne County Dec. Bank Commissioners Gurney P. Hood tonight said he had been informed the Planters bank of Wilson and the Bank of Goldston would not open their doors tomorrow morning The Planters bank had deposits of $825,000 and was capitalized $100,000 with 30,000 surplus and undivided George E. Walston president, ported efforts would be made to reopen it under depositors agreement W. M. Farmer was vice president and The Bank of Goldston in Chatham had deposits of more than $100,000 and had capital and surplus of $26,000. Hugh Womble was president. and T. W. Goldston cashier Dec. closing of four Wayne county banks today following "heavy withdrawals and small left one town withrun banking facilities and hampered jusiness in two more communities Mount Olive was bankless as the First National bank there closed a few minutes after the of beginning what officials was "small run.' The Citizens bank there did not open withdrawals had been heavy during the past several The other banks were the Wayne National bank of Goldsboro and the Bank of Pikeville of Pikeville These also not open today because of "recent heavy withdrawals. None of the banks are related Their deposits were given as The Wayne is of National bank one the largest in eastern North Carolina Its directors yesterday to close and W. E. announced the cause was heavy withThe bank listed deposits of K. Borden is president The Bank of was capitalat $20,000 and had surplus of the Citizens bank was capitalland at and had surplus of the Wayne National bank was $350,000 and had surplus of Statements of the First National bank gave its as with and capital of $50,000 each. T. Thigpen is its president
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Bank Suspensions. Goldsboro, N. C., Dec. 28 Three Wayne county banks failed today. Officials said heavy withdrawals had caused the closings. They were the Wayne National bank of Goldsboro, the Citizens bank of Mount Olive and the Bank of Pikeville at Pikeville. The combined deposits were given in September statements as
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Four Wayne County Banks Fail to Open for Business Goldsboro, Dec. closing of four Wayne county banks today left one town without banking facilities and hampered business in two Mount Olive was bankless the as First National bank there closed few minutes after the officials said was small The Citizens there did not open this because officials withdrawals had heavy during the past days. The banks were the Wayne and the Bank Pikeville. These also did toopen day None of the banks are Their deposits were given as Officials First National bank said they hoped with agreement depositors, the bank would Representatives be able to reopen or days. of other three said they "hope the helief that depositors would paid." be It is estimated that cash from Wisconsin farms in 1931 will total
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Four Wayne County Banks Close Doors ONE TOWN LEFT WITHOUT A BANK Withdrawals Make Step Necessary For Conserving of Assets Goldsboro, Dec. closing of four Wayne county banks today following "heavy withdrawals" and small run left one town without banking facilities and hampered business in two more communities. Mount Olive was bankless the First National Bank there closed few minutes after the beginning what officials said was "small run.' The Citizens Bank there did not open this merning because, sahl, withdrawals had been heavy the past several days. The two other banks were the Wayne National Bank of the Bank of Pikeville of Pikeville. These also did not open today because of heavy withdrawals." None of the banks are related. Their combined deposits were given of the First National Bank said they hoped that, with of opositors, the bank would be to in 10 days. Representatives of the other three they had "hope and the belief that depositors be paid. The Wayne National Bank the largest in Enstern North Carolina. is voted to and Stroud, cause heavy bank listed Bordan president and Resources by the Wayne tional Bank in last statement cluded its banking house and fix The Branch Banking and Trast Company, only remaining commer cial bank in Goldsboro, had sende withdrawals today but these were ceeded deposits by the -0m $6,400 which regarded very good showing considering the unrest caused by the Wayne National clos inc. Deposits at the Branch Bank dightly under $75,000. "Goldsboro on the financial may, declared B. G. Thompson, prominent merchant and business man here. The bank Pisevile was capitalized at $20,000 and had surplus of $5,000; the Bank capitalized at $50,000 and and plus of $50,000; the Wayne Bank was capitalized at $$50,000 and had surplus of $100,000 Statements of the First National Bank gave its resources as $379, 988.17 with surplus and capital $50,000 each. Thigpen is its president. H. Cox is president of the Cit izens Bank. A notice was posted on the door of this bank and the Bank of Pikeville but th Wayne National Bank had issued no official statement. The Bank of Walstonburg in Greene county failed to open yester day but gave notice to its depositors to come and get their money the bank was going out of business It understood that the bank was not profitable and that the manage ment decided it the part of wisdom to close up shop. Carl T. Hicks cashier. The State of North Carolina had on deposit in the Wayne National bank secured by $50,000 in bonds; $4,500 in the Citizens Bank Mount Olive secured by $5,000 bonds, and $4,300 on deposit Olive in of Mt. seFirst National the cured by $5,000 in bonds. Tuesday morning, Gurney P. Hood, State Commissioner of Banks, was informed Monday night at meeting of the board of directors. The bank had capital and surplus of $26,000 and deposits of more than $100,000. Hugh Womble was presiand W. Goldston, eashier.
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Four Banks Close In Wayne County Goldsboro.-Three Wayne county banks did not open for business and one other closed in a few minutes after depositors started a small run last week. None of the banks are connected. Two of the banks were in Mount Olive and their closing left the town with no banking facilities. The First National Bank of Mount Olive closed after what officials described as a run. The others are the Wayne National Bank of Goldsboro, the Citizens Bank of Mount Olive and the Bank of Pikeville in Pikeville. Their combined deposits were given in a September statement as $2,321,095.34. Officials said heavy withdrawals forced them to close.
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ALL IS QUIET ON BANKING FRONT Support Pours Into Institutions Victims of Panicky Runs. Raleigh Expressions of confidence stability North Carolina banking today. North Carolina Bank and had complete state M. Miller director the Credit Corporation the Federal ReEight dollars additional to the bank's hand evidence the North Carolina its said bank its and withstand the raid which made some customers entirely said the bank was payments are made out. the largest corporations in United States wired their He praised the the Lean chairman of the as the its entire elientiele within and without Bank Hood issued Bank amined by us all its units and have been consolidated one statement and in our opin. the bank There no excuse for any run on this bank The Branch Banking and Trust Company at Wilson. also had un. qualified endorsement the state Runs this yesterday and the part of had subsided this Hood said there was no excuse for any runs on bank night E. of the United Bank Trust Company branches at Burlington, Santo liquidating agent. The bank He said this variation from the policy of not local man as liquidating agent, but added former of the Bank Lexington, had the short had nothing to do with the institution's Hugh Davis, of Burgaw, was named liquidating agent for the Beaufort Banking and Trust pany at Beaufort, and Ay. Coleraine liquidating agent for the Bank of at Coleraine liquidating agent for the Citizens Bank of Mount Olive the Bank of Pikeville, the Planters Bank Stantonsburg, the Wilson Trust and Savings Bank Wilson, and the Planters Bank of at Kenley and Creek No state banks closed today. al. though which closed and were operating under agreements the end of limit These the Merchants and FarmBank Garysburg and the Bank of Pauls New depositors were paid off in full the banks were returned to State Bank for The Branch Banking and Trust of branch Pauls and the Hood System Industrial Bank of Reidsville opened a at The National Bank Snow Hill and the National Bank of not open for business today of Snow Hill, was president of both.
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LOANS TOTAL U.S. Agency's Activities Reported By House Clerk Oct. The Reconstruction Corporation authorized 1,110 loans during Aug. ust aggregating report corporation public today by South Trimble, clerk of the house of the protest Atlee Pomerene the board The August report also showed increases previous loans aggre gating making total disbursement for the month $122,277,641. Trimble's announcement of his decision to make the report public contained opinion by his counsel South Trimble, Jr., which said that careful examination of the legislative history of the emergency relief and construction act of 1932, and of the protest am of the nance opinion that the act gives you no discretion the monthreports of the finance and from pub inspection. Banks and trust ceived of the total authorization for This sum included $7,772,900 aid the reorganization or quidation of closed banks North Carolina Loans The report showed the "loans authorized from August to August 31," and gave the name, amount and rate of interest "exclusive amounts withdrawn gust to September In the loans to banks the interest rate was almost wholly and one half per cent, with here and there cent Loans to North Carolina institutions Conway, Bank of Conway 500 Dobson, Surry County Loan and Trust company Fremont. Bank of Fremont $10,Gastonia, Gaston Loan and Trust company $2,500. Greensboro, North Carolina Bank and Trust company $6, 500,000. Lexington, Commercial Bank of Lexington $64,610. Mount Olive, Citizens Bank (receiver) $13,000. Avery county bank North Wilkesboro, Bank of North Wilkesboro, Raleigh, Commercial National (Continued on Page
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Birmingham, Exchange Bank, 000. Castleberry, Peoples Bank of Castleberry, $5,000. Decatur, Mergan County National Bank Decatur Tennessee Valley Bank, Decatur, Tennessee Valley Bank, $25,000. Fairfield, Fairfield Trust and Bank, Guntersville, $4,500. Jasper, First National Bank of Jasper, $30,000. Lexington, Bank of Lexington, $6,000. Louisville, Louisville, Moulton Bank of Citizens Bank, $6,925. Tuscumbia First National Bank, $30,000. Florida: Clermont, Citizens Bank of $15,000. Fort St. Clermont. Lucie Bank, JackBank of First JacksonNaville, tional Bank of Kissimmee, Lake City, State Exchange Bank $3,500. Live Oak, Commercial Bank Live Oak, National Bank Milton, Saint State Bank, Starke, Bank of Starke, $59,985. Tavares, of Tavares $20,000. First National Georgia: Bank, Cumming. Bank Gainesville Bank, $25,000 Hartwell, First Bank of (receiver), Lake Park, Lake Park Bank, Lowndes Soperton, Bank $12,500. Valdosta, First Soperton, National Bank, $310,000. Wadley, Bank Wadley, $5,000. Waycross, First Bank $15,000. West Point, Citizens Bank and Trust $90,000. Winder National Bank, Carolina- Farmers & South Merchants Bank, $40,000; Camden, Bank Camden, Charleston, South Carolina Bank Charleston, First National of Florence (receiver). Saluda, Planters National Bank of Saluda (receiver) $20,000: Spartanburg. Central National Bank Bank Fairfield, $5,000; Winsboro, Bank of Fairfield, Tennessee- Bradford, Bank Bradford, $15,000; Chattanooga, First National Bank Chattanooga, First National Bank, $90,000; Covington, Union Savings Bank, $13,000; Crossville, First tional Bank $29,500; Dandrige, Jefferson County Bank, $15,000; Darden, Bank Darden, $2,300; Daytton, Dayton Bank Inc., $25,000; Eldridge, Bank of Eldridge, $8,500; Englewood. Bank Englewood, Friendship. Bank of ple's Exchange Bank. $15,000 Halls. Bank of Halls, $14,000 Halls, Bank Halls, $10,000 Humboldt. MerState Bank, Johnson Unaka City National Bank, Kingston Bank Trust Company, $8,000: Knoxville. Tennessee National Bank, $650,000: Lafayette. Citizens Bank, $25,000; Liberty. Liberty Savings Bank. $5,000 Lobelville, Bank of Locial Bank, First Duck Bank, Ripley. First State Bank, $5,500; Rutledge, Citizens Bank Trust Joseph, American Bank $2.200 Scotts Hill. Farmers State Bank. Svierville, Bank of SevierCitizens Bank Sneedville Westmoreland. Farmers Merchants Bank. Yorkville. Bank $10,000. North Carolina Conway. Bank of Conway, $2,500: Dobson. Surry CounLoan Trust Company, Fremont, Bank of Fremont, $10,000 Gastonia, Loan Trust Carolina Bank and Trust Company Commercial Bank of Lexington. Mount Olive, Citizens Bank (receiver), $13,Avery County North Bank North Wilkesboro, $15,000; Raleigh, Commercial National Bank Raleigh (receiver). $721,000; Roanoke Rapids Citizens Bank and Trust Company, $4,000; Rapids Citizens Bank and Trust Company, $3,500; Shelby, First National Bank Shelby, $95,000; Washington, First National Bank of Washington (receiver), $16,000. Building loan associations: North Hamlet Building & Loan Association Henderson, Henderson Building Loan Association $7,500; Henderson, Home Building Loan Association Smithfield Building Association Southport Building & Loan Association $4,000. Insurance companies: Alabama Loncoin Company, $66,200. Mortgage loan companies: Clarksville, Northern Bank Trust Company $40,000. Joint stock land bank the Atlanta Joint Stock Land Bank of Atlanta $55,000.