11913. Bank of Roper (Roper, NC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 1, 1921*
Location
Roper, North Carolina (35.876, -76.615)

Metadata

Model
gpt-5-mini
Short Digest
59e3e01e

Response Measures

None

Description

Articles describe the Bank of Roper as a defunct institution placed in receivership several years earlier. No run is described; the bank closed (~4.5 years before Jan 1926) and remains in receivership with the receiver continued by court in Jan 1926. Unsatisfactory reports indicate bank-specific adverse information led to closure.

Events (2)

1. July 1, 1921* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed after unsatisfactory reports about the bank; courts intervened and the institution became defunct leading to suspension/closure.
Newspaper Excerpt
The Bank of Roper was closed four and a half years ago
Source
newspapers
2. January 9, 1926 Receivership
Newspaper Excerpt
the continuance of A. B. Litchfield as receiver of the defunct institution... The receiver was ordered to make payment of 10 per cent to the depositors, which amount he reported on hand. The Bank of Roper was closed four and a half years ago, since which time no payments have been made to depositors. At recent term of court Judge Sinclair ordered the receiver to take instant action in closing up the affairs of the institution. (Plymouth, Jan. 9.) (News & Observer, 1926-01-10).
Source
newspapers

Newspaper Articles (2)

Article from The News and Observer, May 17, 1925

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Article Text

VIEWS AND OBSERVATIONS "There are other cases iin the State where the courts will have to step in and do something about bank receivers; the legislature has refused to give any authority over commissioners and they are officers of the court and beyond the author ity of the commission,' declared Cor poration Commission George P Pell. Judge Pell was discussing the or der of Judge Sinclair entered in the case of the defunct Bank of Roper, which gew out of unsatisfactory reports. According to Judge Pell, other receivers have failed to do everything they should have done with promptness. "We have managed to get Janie Barker into the Appalachian Training School," declared Miss Emeth Tuttle, Mothers Aid director of the State Board of Charities and Public Welfare, yesterday. "She is leaving the Orthopaedic Hospital at Gastonia sometime next week. She can walk now." Janie, Miss Tuttle explained, is the daughter of Western North Carolina mountaineers, her mother is dead and her father got into trouble with the courts. The girl was suf. fering from tubercular hip and could not walk without the aid of erutch and braces. She had little or no schooling. When the family was broken up her case was investigated by the Vocational Education division of the State Board of Education and by the Mothers' Aid division of the State Board of Charities but sufficient funds were not available to meet all the expenses necessary to have her lameness cured and to enter her in proper school. An appeal was made to private sources by Miss Tuttle and the money was contributed, the girl was sent to the hospital, is now walking and will shortly enter the Appalach ian Training School where she will receive an education and training that will enable her to earn a living.


Article from The News and Observer, January 10, 1926

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Article Text

BANK RECEIVER HOLDS TILL APRIL Bank of Roper Closed Four and a Half Years Ago; No Dividends Yet Plymouth, Jan. 9.-At a hearing before Judge Calvert at this week's term of Washington county court the matter of the receivership of the Bank of Roper was disposed of by the continuance of A. B. Litchfield as receiver of the defunct institution, until the April term of court. Mr. Litchfield was continued as re ceiver only after Hallet Ward, of Washington, had made vigorous plea for him and giving his own pledge that the affairs of the receiver would be in thoroughly satis. factory shape when the matter comes up again for hearing. L. Whitley, of Plymouth, appointed counsel for the annointed by Judge Sinclair, agreed to the continuance. L M. Bailey. counsel for the Corporation Commission expressed himself as satisfied with the decision. The receiver was ordered to make payment of 10 per cent to the depositors, which amount he reported on hand. The Bank of Roper was closed four and a half years ago, since which time no payments have been made to depositors. At recent term of court Judge Sinclair ordered the receiver to take instant action in closing up the affairs of the institution. DUNN'S POSTAL RECEIPTS SHOW GROWTH OF TOWN Dunn, Jan. 9.-One of the substantial evidences of the rapid growth of Dunn is the large increase in postal receipts. Receipts last year totaled $21,207.15, as compared with $19,168.76 the previous year, net increase of $2,038.39. The money order and post ness has more than doubled within the past three years, according to Postmaster W. D. Holland. A silver fork bearing the date 1632 was recently discovered in England, and is believed to be the oldest in existence.