Liberty Savings Bank - Wilmington, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 2, 1925
Location: Wilmington, North Carolina (34.226, -77.945)

Metadata

Model: gpt-5-mini
Short Digest: 22c4c70d

Response Measures

None

Description

Article (Dec 2, 1925) describes Liberty Savings Bank as a defunct institution with a receiver making dividend payments to depositors. No run is mentioned; the bank is in receivership and making partial payments, indicating permanent closure.

Events (2)

1. December 2, 1925 Receivership

Newspaper Excerpt: Receiver for the Liberty Savings bank... today authorized its first of dividends to depositors. The first to depositors is per of their deposits, and checks will go into the mails tonight to all persons whose claims have been [filed]. Receiver ... said there would be other payments but was unwilling to say when these would be made or how much might be expected. Receiver for Defunct Cooper Institution at Wilmington Makes First Payment. (News and Record, 1925-12-02).
Source: newspapers

2. December 2, 1925 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank 'crashed' (failed) leading to receivership and suspension of operations; court appeal by president denied prior to first dividend payment.
Newspaper Excerpt: Receiver for the Liberty Savings bank, Cooper institution that crashed
Source: newspapers

Newspaper Articles (1)

1. December 2, 1925 News and Record Greensboro, NC

Article from News and Record, December 2, 1925

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Article Text

TEN PER CENT PAID BANK'S DEPOSITORS Receiver for Defunct Cooper In. stitution at Wilmington Makes First Payment. Daily News) receiver for the Liberty Savings bank, Cooper institution that crashed fol. lowing the the Commercial National today authorized its first of dividends to depositors. This comes less than week after the state Supreme court had denied the appeal Thomas E. Cooper, president of the bank, which must serve eight years on the roads New The first to depositors is per of their deposits, and checks will go into the mails tonight to all persons whose claims have been by the W. attorney for the receiver, said there would be other payments but was unwilling to say when these would be made or how much might be expected.