1.
August 7, 1930
Washington Daily News
Washington, NC
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Two New Bern Banks Temporarily Closed
NEW BERN, N. C., Aug. Citizens Bank and Trust Com pany, with resources of over million dollars failed to for business open today.
A notice posted on the doors said that the directors of the banking in stitution had ordered the bank closed because of threatened withdrawals. NEW BERN, N C., Aug. The failure of the Citizens Bank to open this morning caused run on the Eastern Bank and Trust Company which closed temporarily to protect its depositors. It is said that both banks will soon re-open.
2.
August 7, 1930
St. Louis Post-Dispatch
St. Louis, MO
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Two Depositories at Newbern, N. C., Shut Doors. By the Associated Press. NEWBERN. N. C., Aug. 7.-The only banks in Newbern closed their doors today. A notice posted on the door of the Citiens' Bank and Trust Co. said the bank was closed because of threatened withdrawals. Two hours later the Eastern Bank and Trust Co. was closed after a small run. The Citizens' Bank had a capital of $50,000 and total re-
3.
August 8, 1930
The News and Observer
Raleigh, NC
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New Overwhelmed By Demands of Depositors
New Bern, Aug. 7.-State Bank Examiner John Mitchell and assistants from the banking department of the State Corporation Commission were expected in the city night to take charge the Citizens Bank Trust Company and the Eastern Bank Trust Company, which elosed here today precautionary measures against heavy runs withdrawals. New thus left, at least temporarily, without bank, except for Morris Bank, First National Bank has been in the hands receiver since October. hoped, that least one of the two closed today, and possibly both, may be reopen early they are reported to good dition. In fact, meeting of directors the Eastern Bank and Trust Company held late day, make immediate investigation the possibility opening the bank and its five possible. On the President Swan, dent John Weskett, and Warren, director and The branches are Maysville, Oriental, and Vanceboro. Citizens First To Close. The Citizens Bank was closed this morning, minutes before its regular opening time, when throng depositors noted withdraw their funds. gradual drawals and the spread of rumors during the last few days, large yesterday but the bank officials expected to open today, until the waiting throng was outside. Cashier Scott states that the bank in good shape and amply nominal tions that institution could stand heavy withdrawals and that only decision close the bank, order protect depositors and all others concern-
For almost two and half hours the Eastern Bank remained open after the closing of the other institution. Every effort was made handle the situation but early became evident that many panicky depositors would immediatetheir The 30-day rule for notifying the bank about withdrawing was put into force the tide ed and the that the heavier the rest of the day. To interests of all in the best manner (Please Turn to Page
4.
August 8, 1930
The Index-Journal
Greenwood, SC
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Examiner To Cope With Bank Trouble
NEW BERN, Aug. Examiner Taylor, of the state banking department, was in New Bern today to see what could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later in the day. Two banks, the Citizens Bank and Trust company and the Eastern Bank and Trust company, closed their doors here yesterday, leaving New Bern with only an industrial bank. Five branches of the Eastern in this section also closed. The First National Bank suspended business here last October.
5.
August 8, 1930
The Durham Sun
Durham, NC
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NEW BERN HOPES TO REOPEN BANKS
Examiner Taylor, of the state banking department, was in New Bern today to see what could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later in the day.
Two banks, the Citizens Bank and Trust company and the Eastern Bank and Trust closed their doors here yesterday. leaving New Bern with only an industrial bank. Five branches of the Eastern in this section also closed. The First National bank suspended business here last October Officials of the two banks today reiterated statements that the are sound. and that (Continued on Page Eleven-A)
6.
August 8, 1930
The Greensboro Record
Greensboro, NC
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Out Plans For Banking Facilities
NEW aminer the banking New Bern today about Bern bankChief Examiner John Mitchell expected later in the the Citizens Bank and Trust company the Eastern Bank Trust closed their doors here leaving New Bern industrial branches the Eastern section closed The National Bank suspended business October
7.
August 8, 1930
Ledger-Star
Norfolk, VA
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PREPARE REOPENING
Two Closed Financial Institutions At New Bern Said To Be Sound
New Bern, C., Aug. Taylor, examiner the state banking was New today what could done about giving Bern bankfacilities. Chief Examiner Mitchell expected later in banks, the Citizens Bank and Trust Company the Eastern and Trust Company, closed doors here yesterday, leaving Bern withonly Bank branches the Eastsection closed. Bank suspended last Officials the banks today reiterated stitutions sound and that closprecautionary President W. Swan the declared his bank would closed had, officials been the impression that could reopen immediately soon public confidence was restored. Directors the Eastern appointed investigate sibilities reopening
8.
August 11, 1930
Statesville Record and Landmark
Statesville, NC
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Fanned Rumors Cause Hysteria Remaining Banks Close Two National Failed Their Last October. New Citizen's Bern, Aug. Bank and Trust Company and the Bank and Trust Company which closed yesterday will not the arrival here of John open Mitchell, chief bank cials said today. meantime Taylor, another bank examiner, charge.
New Bern, Aug. Bank Examiner John Mitchell and assistfrom the banking department of State Corporation take charge of the Citizens Bank and Trust Company and Bank and Trust this both which closed their Thursday morning precautionary against threatened heavy runs Since the First bank. has been the hands of that now without except the Morris Plan bank that least one of the banks closed shortly. said to be in good financial shape. Citizens bank was closed five minutes before opening time, large throng depositors noted waiting withdraw The directors met decided not After gradual withdrawals and the spread of rumors during the last were large withdrawals Wednesday. Cashier Scott states that the bank amply able to under normal trend but that institution could stand unusually heaEastern bank remained open for almost two half hours ing the morning but depositors withdrew funds and there were ind cations that the hysteria would grow. The closing of this bank home office here and also its five branches Arapahoe, Maysville, Oriental, Bayboro and Vanceboro.
9.
August 11, 1930
Statesville Record and Landmark
Statesville, NC
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BANK by Rumors Cause Hysteria Fanned Banks to Close Remaining National Failed Their October. Citizen's Bern, Bank Company and the Bank and Trust Company which yesterday will until arrival of John Mitchell, chief bank examiner, officials said today. meantime Taylor, another bank examiner, in charge.
New Bern, Aug. Bank Examiner John Mitchell assistfrom the banking department of the State Corporation Commission are here take charge of the Citizens Bank Trust Company the Bank and Trust Company, this both which closed their docis Thursday morning precautionary measures against and Since last October the First New has the hands that city bank except the Plan bank oped that one the banks yesterday are said to be good financial shape. Citizens bank closed five minutes before opening time, large throng depositors was noted waiting outside withdeposits. directors met decided After gradual withdrawals and the spread rumors during the last there large withdrawals Wednesday. Cashier Scott states that the bank was amply able to erate under normal trend but that institution could stand unusually Eastern bank remained open for almost two and half hours during the morning but depositors withdrew funds and there ind cations that the hysteria would grow. closing of this bank affects the home here its five branches Arapahoe, Maysville, Oriental, Bayboro and Vanceboro.
10.
August 11, 1930
Statesville Record and Landmark
Statesville, NC
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Wilson Company to Occupy Citizens Bank EastBank and Trust Co. Given Permission Reopen. New Bern, Aug. ference State Bank Examiner John Mitchell Friday afternoon Swan and John Weskett, and vice president of the Eastern and Trust that had given the bank here, they open obtain the of the possible that the bank tors. reopened here within the next local branch the Branch Banking and Trust Company, of Wilopened here this morning at Harris, sistant vice president of the will be in charge of the local Although the new bank will have connection whatever with any the former banks, be housed Bank Trust Company audit Citizens Bank books will be separ ately the Baxter, of Raleigh, the liquidating of the banking division the state comTaylor, of Raleigh, of the banking department of the state corcommission, took charge of poration the Citizens Bank Trust the Eastern Bank and Company Trust Company, which closed Thursas precautionary measures heavy and withdrawals. prevent
11.
November 9, 1930
News and Record
Greensboro, NC
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HOLDERS OF RALEIGH BANK STOCK ASSESSED
Sixty Persons Must Pay for and Trust Co.
Daily News Office Raleigh, Nov. stockholders the Raleigh Banking Trust which went down the crash the Durfey and Marr brokerage house, the beginning several days run on the bank, must by November 10. the corporathe sessment representing capital stock of the The Raleigh Banking and Trust company. which closed its doors and went liquidation through the Page Trust company September 16. carried deposits when the doors closed. the stockholdand directors Drake, the largest and he and his family will have the largest amount Mr. Drake's family had nearly $100,000 invested in the bank. On the same day in Craven county Superior court, assessments will docketed by the corporation against the 61 stockholders record of the capital stock defunct Citizens Bank and Trust company of New Sern which failed several weeks ago, The audit of the failed bank's fairs has been since tember 18, about pleted. filed the office of clerk of Wake Superior court.
12.
October 30, 1931
The Daykin Herald
Daykin, NE
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NEW BANKING FACILITIES ARE CUT
Two Banks Closed and State Examiner Now Studying Conditions.
Asosciated Press Taylor, an examiner of the state banking department, was in New Bern today to see could be done about giving New Bern banking facilities. Chief Examiner John Mitchell was expected later Two banks, the Citizens' Bank and Trust Company, closed their doors here yesterday, leaving New Bern with only Morris Plan bank. Five branches of the Eastern this section also closed. The First National bank suspended here last October. Officials of the two banks today reiterated that the institutions are sound and that closing was precautionary measure. The News Leader covers Richmond Roof.