Article Text
The state bank examiner of Virginia 1 has just applied to Judge W. W. Moffett of the circuit court of Montgomery county for the appointment of a receiver for the Radford State 1 Bank.
18835. Radford State Bank (Radford, VA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- July 12, 1918
- Location
- Radford, Virginia (37.120, -80.557)
Metadata
- Model
- gpt-5-mini
- Short Digest
d0b3a4f892c439d1
Response Measures
None
Description
State corporation commission ordered the bank closed July 12, 1918 due to irregularities and impaired capital; examiner applied for appointment of a receiver July 15, 1918. No mention of a depositor run in the articles.
Events (2)
1.
July 12, 1918
Suspension
- Cause
- Government Action
- Cause Details
- State corporation commission ordered closure after examiner found irregularities and impaired capital and directors failed to correct them.
- Newspaper Excerpt
- the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.
- Source
- newspapers
2.
July 15, 1918
Receivership
- Newspaper Excerpt
- The state bank examiner of Virginia has just applied to Judge W. W. Moffett of the circuit court of Montgomery county for the appointment of a receiver for the Radford State Bank.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank In Bankruptcy. Roanoke, Va., July 14.-Acting under the direction of the state corporation commission. C. C. Barksdale, of Richmond, state bank examiner, this afternoon applied to Judge W. W. Moffett. of the circuit court of Montgomery county, for the appointment of a receiver for the Radford State bank. The petition, presented to Judge Moffett by R. Holman Willis, of this city. attorney for Examiner Barksdale, sets forth that an examination of the books of the bank has revealed irregularities in the conduct of the institution, that its capital has been impaired, and that the order of the corporation commission that the directors of the bank proceed forthwith to correct the irregularities has not been complied with. The petition further shows that the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.