Farmers National Bank & Trust Company (Winston-Salem, NC)

View Charter #12278 on SPMC View balance sheet

Episode Information

Episode UID
1227801518
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
122780 national
Charter Number
12278
Start Date
June 4, 1926
Location
Winston-Salem, North Carolina (36.100, -80.244)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
36155c8d4c1700f1

Response Measures

None

Description

Article text is heavily garbled by OCR but refers to appointment/acceptance of a receiver; further articles would clarify sequence and outcome.

Events (3)
1. November 23, 1922 Chartered
Source
historical_nic
2. June 4, 1926 Receivership
Newspaper Excerpt
Farmers Bank Would Accept Receivership ... the appointment ... Farmers Trust ... accept proservice Wachovia Bank and follows The of letter Company and receiver Judge Shaw
Source
newspapers
3. June 28, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. June 4, 1926 Winston-Salem Journal Winston-Salem, NC
Article from Winston-Salem Journal, June 4, 1926

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Article Text

Farmers Bank Would Accept Receivership, Says Byerly of both large National Bank Farmers the appointment as soliciting the institution not however feel about offers Byerly presfield for service hence issued Farmers which Trust that time assets the approval of the the pleased accept proservice Wachovia Bank and follows The of letter Company and receiver Judge Shaw Latham officials to appear numbers the by Lane in Judge Henry show interested permanent that the render Trust temporary Shaw Examiner ordered before June should not be made the the appointment Kallam says that number has protest meeting the be held the bank o'clock the night method to the regard 14. hearing developthe session be made

2. February 14, 1930 The Greenville News Greenville, SC
Article from The Greenville News, February 14, 1930

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Article Text

Bank Of Chesnee In Examiner's Hands SPARTANBURG, Feb. The Bank of Chesnee, of Chesnee, 20 miles northwest of here placed its affairs in the hands of the state bank examiner at directors meeting at o'clock tonight. The institution lost a number of deposits when the Dollar Savings bank and the Carolina National bank of closed December 30, but the directors were able to restore confidence and stabilize matters until today when the failure of the Rutherford county banks and the American State bank at Gaffney. rendered the situation too acute for the Chesnee bank to continue operations. The deposits, at close of business yesterday, amounted to $228,793.26 showing decrease of about $106,000 since the published statement of December 31, 1929; capital stock of the bank was $50,000. surplus $20,000 and bills payable none.