State Bank - Raleigh, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 22, 1930
Location: Raleigh, North Carolina (35.772, -78.639)

Metadata

Model: gpt-5-mini
Short Digest: 0cc82b66

Response Measures

None

Description

Article (Dec 22, 1930) lists 'Four Banks Close' and names the State Bank among Raleigh banks that 'closed today.' The snippet does not describe a prior depositor run specifically on the State Bank (separate Lenoir run is described), nor mention reopening or receivership; therefore I classify this as a suspension leading to closure. OCR in the article is poor; text fragments were corrected where obvious.

Events (1)

1. December 22, 1930 Suspension

Cause Details: Article states the State Bank was among four Raleigh banks that 'closed today' but gives no specific cause for this bank in the excerpt.
Newspaper Excerpt: Four Banks Close Raleigh, North Carolina banks closed today. ... the State Bank ... closed.
Source: newspapers

Newspaper Articles (1)

1. December 22, 1930 Statesville Record and Landmark Statesville, NC

Article from Statesville Record and Landmark, December 22, 1930

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Article Text

Heavy Run Closes One Lenoir Bank Lenoir Dec. First National Bank, Lenoir, did not for business today. statement signed by the diand action said to heavy withdrawals and "lack of by due of ther North Carolina." The capitalized 875,000 with surplus $75,000 and undivided profits On tember 24, date of the last call, listed deposits of Officers the deposits the close were $376,540.76. Elizabeth City Bank Fails to Open ings Bank and Trust Company failed to open for business today. Clover Bank Taking Steps to Reopen Clover, Dec. the closed bank of Clover met today and expressed their financial soundness and pledgtheir efforts to bring reopening. The action followed general mass meeting of zens consider the town's financial situation. Four Banks Close Raleigh, North Carolina banks closed today. In addition the Savings Bank Trust of Elizabeth Company, and the First Bank the State Bank and the Merchants and Farmers Garysburg, closed. The Elizabeth capitalizand with deposits of was the largest.