First National Bank - Oxford, NC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 5885
Charter Number: 5885
Start Date: March 1, 1933*
Location: Oxford, North Carolina (36.311, -78.591)

Metadata

Model: gpt-5-mini
Short Digest: dc5af47b

Response Measures

None

Description

OCR errors corrected (e.g., 'around thoupeople' -> 'around thousand people', 'without restricthe' -> 'without restriction'). Article indicates the bank had closed in March 1933 and by April 3, 1933 a plan backed by Federal Reserve and RFC would permit reopening without restrictions; no explicit run is described.

Events (4)

1. June 27, 1901 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank had closed in March 1933 (context implies closure tied to the banking holiday/regulatory actions during March 1933).
Newspaper Excerpt: the amount they deposit close business March 1933.
Source: newspapers

3. April 3, 1933 Reopening

Newspaper Excerpt: Early Opening Without Restriction Expected For Oxford Institution ... the bank will be permitted open without strictions ... plan has the approval of officials the Federal Reserve System and Reconstruction Finance Corporation. Agreements were circulated ... and many depositors signed.
Source: newspapers

4. March 16, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. April 4, 1933 The News and Observer Raleigh, NC

Article from The News and Observer, April 4, 1933

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Article Text

BEHALF BANK Early Opening Without Restriction Expected For Oxford Institution Oxford, April 3.-Around thoupeople attended the meethere tonight in the interest First National opening Bank Granville without restricthe outlook that conditions will met and the bank speedily normal business. Rev. Proctor. superintendent the Masonic Orphanage, presidSpeeches by Bryan, president the bank, Lewis, chairman the Medford. federal Attorney General Dennis G. Brumwas stated that the bank will be permitted open without strictions the agreement to leave the bank liquidating fund per cent. the amount they deposit close business March 1933. This plan, nounced has the approval of ficials the Federal Reserve System and Reconstruction Finance Corporation. Agreements were circulated ing day and many depositors signed. More signatures were obtainthe close the mass meeting tonight and effort will be made to have one hundred per cent. sign.