Click image to open full size in new tab
Article Text
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.
