Bank of Stony Point - Stony Point, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1932*
Location: Stony Point, North Carolina

Metadata

Model: gpt-5-mini
Short Digest: 68fb11c5

Response Measures

None

Description

Article (Dec 23, 1932) lists the Bank of Stony Point as '(receiver)' and shows an RFC loan of $5,000 made in November. No run is mentioned; the bank was in receivership/closed. Date for receivership/suspension inferred as November 1932 from the RFC loan list referring to loans made during November.

Events (2)

1. November 1, 1932* Receivership

Newspaper Excerpt: Stony of Stony Point (receiver) $5,000.
Source: newspapers

2. November 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership (government/examiner action) and suspended operations, as indicated by '(receiver)'.
Newspaper Excerpt: Stony of Stony Point (receiver) $5,000.
Source: newspapers

Newspaper Articles (1)

1. December 23, 1932 The News and Observer Raleigh, NC

Article from The News and Observer, December 23, 1932

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Article Text

List of Those Made During November Is Made Public Washington, Dec. Reconstruction Finance Corporation reported today had lent $70,000 Point, Perpetual Building Loan the North Carolina tual Life Insurance Company Durham, during November. Loans authorized banks and trust companies North Carolina during November follow: of Badin (receiver) $10,000. Champion Bank and Trust $30,000. Bank, $9,760. Elizabeth Bank and Trust (receivers) Wayne National of Goldsboro (receiver) $147,Carolina Bank Trust Co., $525,000. Greensboro United Bank and $250,000. Merchants Bank of Mount $6,000. County $2,000. of $10,000. United Bank, $3,000. Stony of Stony Point (receiver) $5,000.