First National Bank - South Boston, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5872
Charter Number: 5872
Start Date: September 1, 1931*
Location: South Boston, Virginia (36.699, -78.901)

Metadata

Model: gpt-5-mini
Short Digest: fb1185e6ac8811f6

Response Measures

None

Description

OCR-corrected phrasing: the articles refer to the Planters and First National Bank that closed here in September and had a receiver who resigned in early July 1932. No article describes a depositor run; the institution had closed and a receiver was in place, so this is a suspension leading to closure/receivership. Year of September closing is not explicit in the snippet; the receiver resignation is reported in the 1932-07-03 paper.

Events (4)

1. June 22, 1901 Chartered

Source: historical_nic

2. January 12, 1926 Voluntary Liquidation

Source: historical_nic

3. September 1, 1931* Suspension

Cause: Government Action
Cause Details: Bank had closed operations in September and a receiver was appointed (closure by receivership/government action).
Newspaper Excerpt: the Planters and First National Bank that closed here in September
Source: newspapers

4. July 3, 1932 Receivership

Newspaper Excerpt: Hopes for an early ... receiver ... had resigned and would leave soon for St Louis ... checks would be mailed to depositors July ... receiver had resigned and would leave soon for St Louis was generally believed that checks would be mailed to depositors July ... the receiver had resigned and would leave soon for St. Louis was generally believed that checks would be mailed to depositors July ... (OCR corrected).</b></i></p>
Source: newspapers

Newspaper Articles (1)

1. July 3, 1932 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, July 3, 1932

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Article Text

BANK RECEIVER QUITS SOUTH BOSTON POST South Boston. July (Special). Hopes for an early to depositors the Planters and First National Bank that closed here in September, fell last night became known the had resigned and would leave soon for St Louis was generally believed that checks would be mailed depositors July although rumors suit pending against the bank and the consequent up payment the money to had been circulated for some time.