Zebulon Banking & Trust Company

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: trust company
Start Date: December 4, 1930
Location: Zebulon, North Carolina (35.824, -78.315)

Metadata

Model: gpt-5-mini
Short Digest: d1e4d14b

Response Measures

Full suspension

Other: Articles are duplicates and contain OCR errors; closure described as 'failed to open for business today' following heavy withdrawals. No reopening or receivership explicitly reported for Zebulon bank.

Description

Article (Dec 4, 1930) reports the Zebulon Banking & Trust Company failed to open for business today after a series of withdrawals. Directors hoped to reopen, but no article here confirms reopening or receivership, so outcome is uncertain. Date is taken from the newspaper publication (1930-12-04). OCR errors corrected (missing words).

Events (2)

1. December 4, 1930 Run

Cause Details: Series of heavy withdrawals (run) prompted the bank to close; no specific trigger (rumor or bank-specific insolvency) given.
Measures: Bank did not open for business (closed doors); directors expressed hope to reopen.
Newspaper Excerpt: The Zebulon Banking and Trust Company, only bank of Zebulon ... failed to open business today ... the closing followed series of withdraw[als].
Source: newspapers

2. December 4, 1930 Suspension

Cause Details: Bank suspended operations (did not open) following heavy withdrawals; no government action or receivership mentioned for this bank in this article.
Newspaper Excerpt: The Zebulon Banking and Trust Company ... failed to open business today ... the closing followed series of withdraw[als].
Source: newspapers

Newspaper Articles (2)

1. December 4, 1930 The Free Lance-Star Fredericksburg, VA

Article from The Free Lance-Star, December 4, 1930

Click image to open full size in new tab

Article Text

Carolina Banks Fail To CHARLOTTE Dec First National the oldest National bank in North Carolina. failed to open for business today notice. signed by M Mcaden. president, and posted on the door. said heavy withdrawals led to decision to close the doors for the protection of all depositors. The bank is now in the hands of national bank receivers4,ha9fl national bank examiners Founded in 1869. the First Nation had capital stock of surplus $400,000 and on September reported deposits of Dec The Zebulon Banking and Trust Company. only bank of Zebulon. 15 miles from here. failed to open business today Bunn. vice-president and cashier of the bank, said the closing followed series of withdrawHe said the directors hoped reopen the institution Louisiana's leading hen produced eggs 334 days last year.

2. March 19, 1931 Cedar Rapids Outlook Cedar Rapids, NE

Article from Cedar Rapids Outlook, March 19, 1931

Click image to open full size in new tab

Article Text

Carolina Banks Fail To CHARLOTTE Dec First National the oldest National bank in North Carolina. failed to open for business today notice. signed by M Mcaden. president, and posted on the door. said heavy withdrawals led to decision to close the doors for the protection of all depositors. The bank is now in the hands of national bank receivers4,ha9fl national bank examiners Founded in 1869. the First Nation had capital stock of surplus $400,000 and on September reported deposits of Dec The Zebulon Banking and Trust Company. only bank of Zebulon. 15 miles from here. failed to open business today Bunn. vice-president and cashier of the bank, said the closing followed series of withdrawHe said the directors hoped reopen the institution Louisiana's leading hen produced eggs 334 days last year.