Article Text
Bank of Rowland Opens Its Doors Stringency of Money Market Caused Bank to Close June 29 of The signed
11915. Bank of Rowland (Rowland, NC)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- June 29, 1929
- Location
- Rowland, North Carolina (34.537, -79.291)
Metadata
- Model
- gpt-5-mini
- Short Digest
ba041b1f
Response Measures
None
Description
Bank voluntarily closed June 29, 1929 because of stringency of the money market and reopened Aug 16, 1929 after depositors signed agreement not to withdraw funds before Jan 1931. No run is described in the articles.
Events (2)
1.
June 29, 1929
Suspension
- Cause
- Macro News
- Cause Details
- Board voluntarily closed the bank June 29 because of the stringency of the money market to protect depositors.
- Newspaper Excerpt
- Stringency of Money Market Caused Bank to Close June 29
- Source
- newspapers
2.
August 16, 1929
Reopening
- Newspaper Excerpt
- BANK OF ROWLAND IS REOPENED TO PUBLIC... Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland... reopened for today ... The board of directors voluntarily the of the institution 29 order to protect depositors. Since that time almost the number of depositors have signed an agreement that they will for their money before January 1931,
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
BANK OF ROWLAND IS REOPENED TO PUBLIC Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland, which was closed several weeks ago because the stringency of the money market, reopened for today with McKay collection and Pleasants cashier. The board of directors voluntarily the of the institution 29 order to protect depositors. Since that time almost the number of depositors have signed an agreement that they will for their money before January 1931,