17228. Farmers Bank (Central, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1930*
Location
Central, South Carolina (34.724, -82.781)

Metadata

Model
gpt-5-mini
Short Digest
d23aaf2582e57738

Response Measures

None

Description

Articles (Aug–Sep 1930) indicate Farmers' Bank of Central was already defunct/closed and in liquidation by Aug 12, 1930. A receiver-election was held Aug 12 and a Greenville attorney (Love) was named receiver Sept 21, 1930 to liquidate the bank. No article describes a depositor run; the bank appears closed and in liquidation (permanent). Cause of suspension is not stated in the articles (liquidation in progress). OCR gaps corrected (e.g., Farmers' Bank of Central).

Events (3)

1. August 1, 1930* Suspension
Cause Details
Bank had already closed and was in process of liquidation by Aug 1930; no specific trigger given
Newspaper Excerpt
the defunct bank, Farmers' Bank of Central
Source
newspapers
2. August 12, 1930 Other
Newspaper Excerpt
an election for bank receiver for the defunct bank, Farmers' Bank of Central will be held at 10 o'clock Tuesday
Source
newspapers
3. September 21, 1930 Receivership
Newspaper Excerpt
Greenville Attorney To Liquidate Affairs Of Central Institution ... Love, member the Greenville bar today named receiver Farmers bank ... to qualify and assume his ... No dividend has been paid to the depositors since the closing of the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Greenville News, August 12, 1930

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Article Text

Revival Meeting, Bank Receiver Election And Campaign Meet Today CENTRAL Aug Aug. 12, scheduled to be Central's red letter day. There are three important gatherings for the day: the revival meeting the Mount Zion Methodist church progress services being held each evening at o'clock conducted by the pastor. the Rev. M. M. Brooks: an election for bank receiver for the defunct bank, Farmers' Bank of Central will be held at 10 o'clock Tuesday and generally understood names will be presented stockholders and depositors for consideration; candidates for county will pretheir claims much interest have attended each of the previous political gatherings and are that Central will be no excepPossibly the center interest be the race for Magistrate for this township which embraces towns comechee and Calhoun: Earle, prominent men seeking this and indications point ward warm friends each expressing themselves as being sure victory Rice, only candidate for county office has. is in the race for Other to the voters Supervisor: and George Hendricks: State Senate: Spearman, John Craig and Cureton: House John Christopher Garfield Lesley, Probate Judge Crane and Alonzo Brown County Snow Masters M Hunt Cassel Natahan Smith. Will Young John Bluford Alexander and


Article from The Greenville News, September 21, 1930

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Article Text

LOVE IS NAMED BANK RECEIVER Greenville Attorney To Liquidate Affairs Of Central Institution CENTRAL. Sept. Love, member the Greenville bar today named receiver Farmers bank which has been in process of liquidation for nearly following appearance attorneys stockholders before Judge Mauldin Love to qualify and assume his fifteen relieving Gaines has acting as receiver for the past No dividend has been paid to the depositors since the closing of the bank.