Troutman Banking & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 20, 1932
Location: Troutman, North Carolina (35.701, -80.888)

Metadata

Model: gpt-5-mini
Short Digest: 28949af2

Response Measures

None

Description

Article (Dec 20, 1932) reports the Troutman Banking & Trust Company as closed and in liquidation, with state department distributing funds and paying depositors. No run is mentioned. Classified as a suspension leading to permanent closure/liquidation.

Events (2)

1. December 20, 1932 Other

Newspaper Excerpt: Troutman Bank Pays Per Depositors Interest... paid inter[est] on money for the period... returns to creditors of closed... in liquidation.
Source: newspapers

2. December 20, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is closed and in liquidation; state department handling payouts to depositors and stockholders.
Newspaper Excerpt: final Troutman Banking and Trust Company in Troutman... in liquidating.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1932 Statesville Record and Landmark Statesville, NC

Article from Statesville Record and Landmark, December 20, 1932

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Article Text

Troutman Bank Pays Per Depositors Interest Charlotte and Gates Banks Also Pay 100 Cents On the Dollar In Liquidating. Raleigh, and three closed banks have off cents on the better within the last 30 days, Gurney Hood, state banks, said Saturday connection with final Troutman Banking and Trust Company in Troutman. The state department not salvaged dollar dollar for creditors the Troutbank, but paid interon money for the period tied and turned some up stockholders, Hood said. established for returns to creditors of closed close second the Continental Trust Company interest. The other 100 out cent liquidation in the of the Citizens Gates. Depositors in Gates bank did not receive interest, how-