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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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BUSINESS SUSPENDED BY FOUR WAYNE BANKS GOLDSBORO, Dec. The closing of four Wayne county banks today "heavy withdra and small run left one town without banking facilities and hampered business in two more communiMount Olive was bankless as the First National bank there closed & few minutes beginning of what officials said was 'small run. The bank there did not open this officials had been heavy during the past several days. The banks were the Wayne National Bank of Goldsboro Bank of Pikeville of Pikedid open heavy with-
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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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Wayne County Banks Closed Mount Olive, Goldsboro and Pikeville Institutions Fail Dec. ing Wayne county and hampered Mount as First National Bank after of officials The Bank this withdrawals been the The banks National Bank and the Bank of Pikeville Pikeville These also did today because of None of the banks are Their deposits as Officials the First Bank hoped agreement of the would be able to reopen of the three said they and belief that depositors would be The Wayne National Bank the Eastern Carolina. Its terday to close it heavy The deposits of K. is The Bank of Pikeville and plus the Citizens was capitalized and surplus of tional Bank was capitalized 000 and surplus of Statements of the First gave its resources as capital $50,000 each. Thigpen president H. is president of the Bank notice the this bank and the Bank of Pikeville but the National Bank had issued no C., police officers They two William found on the North Carolina State boasts the largest textile building in the south
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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.