Peoples National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4292
Charter Number: 4292
Start Date: July 18, 1931
Location: Winston, North Carolina (36.103, -80.261)

Metadata

Model: gpt-5-mini
Short Digest: 7b0dc698

Response Measures

None

Description

Articles indicate the bank was closed and a receiver (W. H. Spradlin Jr.) was appointed (July 18, 1931). A 1932 article discusses litigation by the receiver over payments made before the bank closed. No evidence of a depositor run is mentioned. I corrected minor punctuation/spacing in the bank name (People's/Peoples) but the provided name was used.

Events (3)

1. July 18, 1931 Receivership

Newspaper Excerpt: The receiver, anxious to get every penny out of the assets in liquidating the bank... He also announced that he had no plan to buy the bank, as reported (W. H. Spradlin, Jr., receiver of the People's National).
Source: newspapers

2. July 18, 1931 Suspension

Cause: Government Action
Cause Details: Receiver (W. H. Spradlin, Jr.) appointed and bank placed in receivership/closed by regulatory/government action
Newspaper Excerpt: Winston July 18.-A depositors committee, of men of mature judgment, will be appointed voluntarily by W. H. Spradlin, Jr. receiver, of the People's National
Source: newspapers

3. June 22, 1932 Other

Newspaper Excerpt: Judge Johnson Hayes signed motion federal court Wednesday making Spaugh Taylor Simpson, parties the suit brought by lin, receiver Peoples National bank Winston against United States Fidelity Guaranty company several weeks In this action the receiver sues the guaranty company and Spaugh and for recovery of because alleged illegal which Simpson, bank employe, made to Spaugh and others before the closed year.
Source: newspapers

Newspaper Articles (2)

1. July 19, 1931 The News and Observer Raleigh, NC

Article from The News and Observer, July 19, 1931

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Article Text

RECEIVER TO APPOINT DEPOSITORS COMMITTEE Winston July 18.-A depositors committee, of men of mature judgment, will be appointed voluntarily by W. H. Spradlin, Jr. receiver, of the People's National The receiver, anxious to get every penny out of the assets in liquidating the bank. determined to protect the depositors far as is humanly possible. Therefore the determination to draw around bimself an advisory of men directinterested in ehalf of the depositors. He also announced that he had no plan to buy the bank, as reported

2. June 22, 1932 The Greensboro Record Greensboro, NC

Article from The Greensboro Record, June 22, 1932

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Article Text

Made Parties To Suit Started By Bank Receiver Judge Johnson Hayes signed motion federal court Wednesday making Spaugh Taylor Simpson, parties the suit brought by lin, receiver Peoples National bank Winston against United States Fidelity Guaranty company several weeks In this action the receiver sues the guaranty company and Spaugh and for recovery of because alleged illegal which Simpson, bank employe, made to Spaugh and others before the closed year. The guaranty company filed answer Wednesday denying liability.