Bank of Southport - Southport, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1923*
Location: Southport, North Carolina (33.922, -78.020)

Metadata

Model: gpt-5-mini
Short Digest: c5c4ed07

Response Measures

None

Description

OCR-heavy article. It describes Bank of Southport having closed (suspended) in February (year inferred as 1923 given Commercial National closed Dec 31, 1922 and waiting for over three years by 1926). A receiver is mentioned for the bank, indicating permanent closure/receivership rather than a temporary run-only event. No explicit run or depositor panic is described.

Events (2)

1. February 1, 1923* Suspension

Cause: Government Action
Cause Details: Bank closed its doors and a receiver is mentioned; suspension followed by receivership/claims dispute.
Newspaper Excerpt: the Bank of Southport... did not close until February
Source: newspapers

2. * Receivership

Newspaper Excerpt: the receiver of the National bank has paid... the Southport receiver contends... the receiver here pay dividend having been but held up and delayed by the contentions that are to be determined United August this year
Source: newspapers

Newspaper Articles (1)

1. July 30, 1926 News and Record Greensboro, NC

Article from News and Record, July 30, 1926

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Article Text

BANK ISSUES TO BE AIRED IN WILMINGTON Bank of Southport Wants Something Said to Be Coming to It From Commercial National. (Special Daily News) July portant to the depositors the of that closed doors, February come for hearing sessions federal The contention by the of the Bank of port, the Peoples United of this for deposits amounting $124,811 that in the National made by the bank December 15 and December 1922. The second case is the contenof the dend that receiver of the National bank has paid, the bank's being held the that claim this amount should be charged against the Cooper bank here, to apply on the bond of the Wilmington bank for credit. The Southport re. celver contends that the Commercial National bank having closed its doors, December 31. 1922, the port bank did not close until Feb. ruary this bond and hence the for the bank here are entitled to dividend to be added to additional amounts will enable the bank receiver here pay dividend having been but held up and delayed by the contentions that are to be determined United August this year The settlement of this latter sult in favor of Southport bank would percent divident to be short time to depositors. have been rather waiting for over three years for dividend of some kind.