11908. Peoples Bank & Trust Company (Richfield, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
September 18, 1924
Location
Richfield, North Carolina (35.470, -80.258)

Metadata

Model
gpt-5-mini
Short Digest
edd9f7de

Response Measures

None

Description

Article states Peoples Bank and Trust Company of Richfield failed to open after state bank examiners' examination and receivers will be named. No run is described; closure appears government-ordered/after exam leading to receivership. Resources in June reported $102,000; mention that losses at Peoples National of Salisbury prompted precautionary action.

Events (3)

1. September 18, 1924 Other
Newspaper Excerpt
June report showed resources amounted to $102,000. Losses incurred in failure of Peoples National Bank of Sailsbury year ago caused this closing as precaution, says announcement which explains depositors are fully protected.
Source
newspapers
2. September 18, 1924 Receivership
Newspaper Excerpt
Receivers will be named at once.
Source
newspapers
3. September 18, 1924 Suspension
Cause
Government Action
Cause Details
Failed to open for business following examination by state bank examiners; announcement says receivers will be named and action was precautionary after losses at Peoples National Bank of Salisbury.
Newspaper Excerpt
Peoples Bank and Trust company, of Richfield, and branches at New London, fails to open for business after examination by state bank examiners. Receivers will be named at once.
Source
newspapers

Newspaper Articles (2)

Article from Atlanta Tri-Weekly Journal, September 18, 1924

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Article Text

SOUTHLAND TOLD IN SNAPPY PARAG two CHESTER.-Paul Blanks is in seyears as county treasurer, by George A. manufacturing company is threatnamed chairman of speakers' bureau rious condition as result of car turnBurnett, alleges irregular voting in ened. for membership drive of Eastern ing over. Jawbone is fractured and one precinct and asks county comof bridge Carolina Chamber of Commerce, in C. BEAUFORT.-H. of Eave, mittee to make recount. Committee has other injuries. be will fihere course of which meetings will be Ocean Bluff, near here, produces will give matter consideration durto excompany held in forty-six counties. CHARLESTON.-J. Swinton Wha. largest potato on record, weighing ing week, it announces. announced. is ley, E. Mitchell Seabrook. Jr., H. ten pounds and being 25 and 27 WILMINGTON. Supplementary G. Senseney and W. A. McIlwane CHARLESTON Former Mayor M. 69, Lewellen, inches in circumference. brief of Wilmington in support of John P. Grace and Alderman J. L. are nominated for four places in Lumber company petition for establishment here of COLUMBIA. Richland county La Torre, engage in altercation on house, for which second primary at dead falls proposed Carolinas branch of RichDemocratic executive committee recvote was necessary. street and are arrested on charge mond (Va.) Federal Reserve bank, ommends to state committee creation of orderly conduct. They give discloses banks here shipped curof state election returns burau. COLUMBIA.-Thelma Rucker, sixCastleberry bond for appearance at court on rency to banks in Carolinas zone year-old daughter of Mr. and Mrs. meets here September 23. amounting to $12,900,000 in 1923. H. M. Rucker, of Swansea, is run marketperative NORTH CAROLINA ROCK HILL.-Catawba Knitting over by automobile driven by AnFAYETTEVILLE.-A. W. McROCKINGHAM.-Coming back to Co., manufacturers of hose, employ drew Rembert, and dies of injuries. Lean, Democratic nominee for govof C. O. night shift to take care of increased Mathis, native county, scene of his hot polit. She was crossing street, and, seeing ernor, is defied by Isaac M. Meekins, business. accident here. ical battles 30 years ago, Governor doll in store window. darted toward Republican nominee, to disclose his for interMorrison launches what he plans to Miss., it, falling just in front of Rembert's GREENVILLE. United States policy in effort to undo dismembermake his greatest fight, campaign moving car. Senator N. B. Dial speaks at Kiwament of Cape Fear and Yadkin Valto obtain state indorsement at polls dale and nis meeting here but does not disley railroad if elected governor. Morof port commission act. After exPELZER.-Marvin Ware, ten, dies rison administration is now seeking cuss political situation following his distinguished in Greenville hospital of injuries re. plaining why he regards developrecent defeat for re-nomination. of Lienmeans to restore this road, alleging Wu Dr. ment of water transportation essenceived when struck by motor truck, Atlantic Coast Line and Southern extraordinary SPARTANBURG. - Directors of tial to state's welfore, he says motor twelve-year-old Raymond Holliday railway illegally dismembered it aftof and director Carolina, Clinchfield and Ohio railbus competition with railways is liadriving truck. Arthur Ware, twelve, er sale by state to Coast Line. prevention servroad at meeting in New York, apand Joseph McElrath, twelve, were ble to be destroyed leaving state of Milan, WILLARD.-About 5,000 persons, prove lease of road to Louisville and helpess in grip of railways. also injured by same vehicle. Boys farmers and members of their famil. RALEIGH.-Senator Pat Harrilies, attend annual picnic and field son, of Mississippi, accepts invitaday at Coastal Plain branch experition to deliver address here Septemment station. A. W. McLean, Demober interest of Democratic state cratic nominee for governor, is on and national campaigns, John G. program as principal speaker. Other Dawson, chairman of state Demospeakers discuss agricultural subcraic executive committee *anjects. nounces. WENDELL.-Sales on local tobac. RALEIGH.-Compilation of reCO market continue heavy, farmers ports indicates curtailment by North of eight counties having brought Carolina cotton mills is now about their offerings here. Prices are sattwo-thirds what it was few months isfactory. Opening day's sales toago, and load of power companies' aptain taled about 200,000 pounds, averagMorgan lines has increased about nine per ing about 23 cents per pound. cent for 300 mills operating about DURHAM.-Mrs. M. J. Harper, 82, William Kidd 5,500,000 spindles, says statement by dies at home of daughter, Mrs. O. information bureau of North Caro E. Gray. lina Co-operative Cotton Growers' association. Blackbeard GASTONIA.-Gaston County MediTeach cal society, in regular meeting, reHENDERSON.-Emplo of Harfuses to indorse chamber of comriet mill, No. 1, at South Henderson, merce's invitation for North Carowalk out in protest against 12 1-2 lina Tuberculosis association to hold most famous pirate story of all times per cent cut in wages effective at September 30 annual meeting here, two mills of chain in North Hender"because Dr. L. B. McBrayer is head son and three mills in South Henof said organization." Dr. McBrayer, derson. These mills recently reuntil few months ago superintendsumed full-time operation. Sakr-el-Bahr ent of state tuberculosis sanitarium, The Sea Hawk WILMINGTON-Thomas E. pleaded guilty to trading with himSEA self in violation of state law, and re. Cooper, president of defunct Liberty signed position with sanitarium after Savings Bank of Wilmington, which By RAFAEL SABATINI failed when Commercial National being investigated by legislative committee. Bank of Wilmington was closed more than year ago, and Joseph C. CHARLOTTE. Tom Crockett, Rourk, cashier, plead guilty to misnegro, is slain while seated at home, demeanor charge in connection with More adventurous than "Treasure Island." top of head being blown off by disviolation of state banking laws and charge of shotgun. Pete McCullough More alluring than "Westward Ho." to forcible trespass. Action is suris held after coroner's jury declares prise to court. Lieutenant-Governor More entrancing than the "Arabian Nights." him guilty of killing. Police say Mc. W. B. Cooper, under various chargCullough admits commiting crime. More romantic than "Lorna Doone." es. was chairman of directorate of CHARLOTTE.-Unidentified negro Commercial National bank here. It has the glamour of "The Three Musketcers." woman is run down and killed by MARSHVILLE.-Fred Tarlton, 13, automobile driven by Todd Grier, falls from wagon loaded with sand automobile salesman, who is held and head is crushed under wheels. pending inquiry. WILL BE PUBLISHED SERIALLY He was son of Elijah Tarlton. CHARLOTTE.-Miss Alie Quarles, GREENSBORO.-J. J. McKenzie, en route to school in automobile of Richmond, Va., representative of driven by James Gossett, both chilTri-State Tobacco Growers' associadren of wealthy families, suffers tion, delivers series of addresses to severe injuries when big car overturns. gatherings of farmers in several sections of Guilford county. TRI-WEEKLY JOURNAL RALEIGH.-Mexican bean beetle GREENSBORO.-J. W. King, which for many years has been manager of local receiving station, steadily spreading over this state, has entered four more counties— announces that tobacco receiving Commencing September 23 stations in old belt of North CaroWilkes, Caldwell, Alexander and IreTo be sure of every installment, send in your order now. lina and Virginia will be opened Oc: dell-says state department of agritober 1. culture report. RALEIGH.-Cape Fear and YadWINSTON-SALEM. Forsyth repreAraugo, Nashville and Atlantic Coast Line, were coasting in toy wagon and county commissioners authorize inkin Valley railroad legislative in. Brazil. of They according to information received were struck at street intersection. vestigating committee meets. or. sue of $300,000 in notes to obtain here. of governganizes and holds long session at. funds with which to complete school CHARLESTON.-Maybank Cotton in these two tended by Governor Morrison, after SPARTANBURG.- Lieutenant A. building program. company, of Charleston, is chartered which announcement is made that no B. Alexander, Spartanburg man, by secretary of state, with $50,000 RALEIGH.-Little damage has Chief Justice definite plan of procedure has been commander of U. S. Submarine R-26, capital, John Maybank being presibeen caused in North Carolina this of sumade in effort to obtain legal restoradent. Alabama is awarded engineering trophy by summer by boll weevil, says departtion of line as trans-state carrier, disto on comment Secretary of Navy Wilbur, according ment of agriculture statement. ApCOLUMBIA.-G. W. Clapp, traffic membered years ago after sale by case at Chicago, to complete information received proximately 500 tons of calcium arstate to Atlantic Coast Line. manager of Greenville Chamber of to say he feels here by his father. A. M. Alexander. sente were used in dusting cotton Commerce, and others petition state Judge Caverly. ALBEMARLE.-Peoples Bank and crop of state, an amount much berailroad commission for reduced CHESTER.-Mrs. W. T. Wilkes Trust company, of Richfield, and tract 30-acre low forecast. Dry weather materidies at hospital here after three rates on soap, claiming rates higher branches at New London, fails to Road Highally curtailed weevils' ravages. than in adjoining states. weeks illness, at age of 72. open for business after examination for resiveloped WILMINGTON.-Mayor J. H. by state bank examiners. Receivers SPARTANBURG.-Ernest Brown. COLUMBIA.-City council opposes Eerry. Cowan, for three years city's chief will be named at once. Losses inraising of auto speed limit from 15 26. is bound over to higher court on Ben Butler, executive, dies of pneumonia after curred in failure of Peoples National to 25 miles an hour. charge of assault and battery with climbs 105-foot short illness few days after returnBank of Sailsbury year ago caused intent to rob, on person of Hawkins grounds to ing from Philadelphia, where he unCOLUMBIA.-Columbia, Charlesthis closing as precaution, says an. Lyde, aged resident of Glendale comAmerican derwent treatment for another disflag. ton, Greenville, Spartanburg and nouncement which explains deposimunity. Mr. Lyde identified Brown ease. He formerly was editor of many other points in state join in tors are fully protected. June report Rus. Wynn, as assailant. Wilmington Dispatch and for one observance of National Defense Test showed resources amounted to $102,who escaped 000. INMAN-Old time "fiddlers' conyear president of State Press associday, with parades in many places, January 30. ation. vention" is held here, with ProfesAmerican Legion and other organWILMINGTON.-Trial of C. W. returned and izations co-operating in making pasor John W. West, of public schools. ASHEVILLE.-J. W. H. Futch, Stewart. charged with slaying of triotic programs. in charge. proprietor of department store at United States Marshal Lilly and City hours several Wilmington, is brought to Asheville Detective George near Phoenix, July case of Solon SPARTANBURG.-A. Lyles HarDILLON.-Verdict of guilty of 28, is set for September 29 in New hospital, where one foot is ampumurder, with recommendation to ris makes survey to determine if deputy sheriff, tated after he had accidentally shot Hanover county superior court. with HorJ. mercy, which carries life imprisoncarload of poultry can be shipped to Henry Judge Grady. of Clinton, presiding. himself while hunting near Hendernorthern markets. ment, is returned in case against verdict. sonville. Tracey Powers, young white farmustrial conditions CHARLESTON. CongessmanMOREHEAD CITY.-J. H. Stone, er, charged with murder of Earl Montand nominee Thos. S. McMillan goes to Harrell, whose body was burned in of Wilmington, is named assistant conwith orably mountains for rest following recent fisheries commissioner, succeeeding swamp.


Article from Atlanta Tri-Weekly Journal, September 18, 1924

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Article Text

ALBEMARLE.-Peoples Bank and Trust company, of Richfield, and branches at New London, fails to open for business after examination by state bank examiners. Receivers will be named at once. Losses incurred in failure of Peoples National Bank of Sailsbury year ago caused this closing as precaution, says announcement which explains depositors are fully protected. June report showed resources amounted to $102,000.