Article Text
The Bank of Modock, a small bank in Edgefield county, was declared insolvent last week and a receiver appointed. The books show assets $6,129.74, of which only $2,287.65 is thought to be collectible.
17457. Bank of Modoc (Modoc, SC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- March 27, 1913
- Location
- Modoc, South Carolina (33.733, -82.206)
Metadata
- Model
- gpt-5-mini
- Short Digest
ef1acfea77273e83
Response Measures
None
Description
Three contemporaneous articles (Mar 27–28, 1913) report the Bank of Modoc (OCR variant 'Modock') in Edgefield County was declared insolvent and a receiver appointed by State Bank Examiner Rhame. No run or temporary suspension before reopening is mentioned; the bank was placed in receivership (permanent closure). Balance sheet figures (liabilities ~$6,000; assets collectible ~$2,000) are reported.
Events (1)
1.
March 27, 1913
Receivership
- Newspaper Excerpt
- The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver... The bank was declared insolvent by State Bank Examiner Rhame. Liabilities of $6,000 and available assets of $2,000.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver, with liabilities of $6,000 and available assets of $2.000. The bank was declared insolvent by State Bank Examiner Rhame. It has been in existence two years.
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Article Text
The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver, with liabilities of $6,000 and available assets of $2,000. The bank was declared insolvent by State Bank Examiner Rhame. It has been in existence two years.