Banking Loan & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 19, 1927
Location: Sanford, North Carolina (35.480, -79.180)

Metadata

Model: gpt-5-mini
Short Digest: b7ce49e2

Response Measures

None

Description

Article (The Sentinel, 1927-01-19) reports the bank recently closed its doors and a temporary receiver (W. R. Williams) was appointed; hearing set for permanent receivership and plans for Page Trust Company to take over assets and liquidate. No mention of a depositor run in the text; therefore classified as a suspension leading to closure/receivership.

Events (2)

1. January 19, 1927 Receivership

Newspaper Excerpt: W. Harris appointed W. R. Williams, of this city, temporary receiver for the Banking Loan and Trust Company... January has been set as the date for hearing as to permanent receivership. Plans are now on foot for the Page Trust Company ... to take over the assets of the Banking Loan and Trust and liquidate it.
Source: newspapers

2. January 19, 1927 Suspension

Cause Details: Article only states the bank recently closed its doors; no cause given in text.
Newspaper Excerpt: W. Harris appointed W. R. Williams, of this city, temporary receiver for the Banking Loan and Trust Company, which recently closed its doors here.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1927 The Sentinel Winston-Salem, NC

Article from The Sentinel, January 19, 1927

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Article Text

NAMED BANK RECEIVER Sanford, Jan. 19. W. Harris appointed W. R. WIIliams, of this city, temporary receiver for the Banking Loan and Trust Company. which recently closed Its doors here. January has been as the date for hearing as to permanent receivership. Plans are now on foot the Page Trust Company. wheth branch here. may over the assets of the Banking Loan and Trust and liquidate its