18986. Virginia Banking & Trust Company (Staunton, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
April 15, 1886
Location
Staunton, Virginia (38.150, -79.072)

Metadata

Model
gpt-5-mini
Short Digest
e46c9702f16d1a65

Response Measures

None

Description

Articles state the institution assigned upon its suspension and trustees have collected assets being administered by the court (Mar 1905). No article describes a depositor run; earlier 1886 chancery litigation shows long‑running insolvency/claims. Evidence indicates the bank suspended and did not resume normal operations (assets in hands of trustees/court), so classify as suspension leading to permanent closure.

Events (3)

1. April 15, 1886 Other
Newspaper Excerpt
The object of this suit is to obtain a settlement of the affairs of the Virginia Banking and Trust Company and provide means of paying its debts and liabilities: and to this end to hold the stockholders of said Company and its directors to their proper liabilities in the premises.
Source
newspapers
2. March 24, 1905 Receivership
Newspaper Excerpt
WM. PATRICK, Substituted Trustee. ... funds of the assets ... collected by the trustees to whom that institution assigned upon its suspension, which fund is being administered by the said court.
Source
newspapers
3. March 24, 1905 Suspension
Cause Details
Institution had assigned assets to trustees upon suspension; specific trigger not stated in articles.
Newspaper Excerpt
There is in the hands of Wm. Patrick, Substituted Trustee, Staunton, Va., the sum of $858.60 of the assets of the Virginia Banking & Trust Co., collected by the trustees to whom that institution assigned upon its suspension, which fund is being administered by the said court in the above styled cause.
Source
newspapers

Newspaper Articles (3)

Article from The Valley Virginian, April 15, 1886

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Article Text

L. Schmidt, Edward Jones, Henderson M. Bell, and Lewis Harman, Ex'or of Michael G. Harman dee'd, who sue as well on behalf of themselves as on behalf of the other creditors of the Virginia Banking and Trust Company who may chose to come into this suit and bear their proportion of Plaintiffs, the costs of same against The Virginia Banking and Trust Company, (formerly known as the Virginia Insurance Company), John N. Hendren, and John Echols, trustees of said company, M. A. Tams, Etx. of W. H. Tams, dec'd, and in her own right, W. D. Runnells, Sergeant, and assuch Adm'r of B. B. Donaghe,decd,, A. Plunket Beirne, H, M. Mellhany, Adm'r of N. K. Trout. dec'd, R. H. Phillips, F. M. Young, John M. Carroll, Adm'r of Geo. E. Fiice, dec'd, W. C. Eskridge, Henrietta F. Stribling, Adm'x of F. T. Stribling, dec'd, R. T. Phillips, Mary J. Points, Adm'x of B. F. Points, dec'd, W. B. Isaacs, John Enders, R. J. Glendy, H. M. Bell, Adm'r of J. Wayt Bell, dec'd, Root, Antony & Co, S. C. Ludington, T. A. Bledsoe, James C. Cochran, Hebor Ker, John J. Purcell, Adm'r of John Easten, Jr., dec'd, Harrison, Garth & Co., J. Fred Effinger, Exor. of M. H. Kffinger, deed., H. P. Mason, Admr. of C, K. Mason, decd., M. J. Baldwin, J. S. Moffett, C. M. Emmerson, Thos. D. Warren & Co., Edward McMahon, J. E. Guy, Admr. of M. A. Bright, decd., C. C. Phillips, B. C. Hartsook, Admr. of D. J. Hartsook, Defendants. decd., and McKim & Co In Chancery on Amended and Supplemental Bill. The object of this suit is to obtain a settlement of the affairs of the Virginia Banking and Trust Company and provide means of paying its debts and liabilities: and to this end to hold the stockholders of said Company and its directors to their proper liabilities in the premises. It appearing by affidavit filed that A. P. Beirne, R. T. Phillips, Root, Antony & Co., S. e. Ludington, John J. Purcell. Admr. of John Easten. Jr., decd., Harrison, Garth & Co., J. S. Moffett, C. M. Emmerson, Thos. D. Warren & Co., and McKim & Co. are non-residents of this State, It is ordered that they do appear here within one month after due publication of this notice and 40 what is necessary to protect their inTeste: terests. J. N. RYAN, Clerk. RANSON, AND ELDER & NELSON, p.q. aprl IRGINIA-IN VACATION.-I the Clerk's V Office Circuit Court for Augusta County, March 24, '86. The City of Staunton, US. John M. Carroll, late Treasurer of said City, and John Echols and F. M. Young as sureties of said Carroll, late Treasurer as aforesaid, E. M. Cushing, deputy for said John M. Carroll, late Treasurer as aforesaid, and P. N. Powel!, J. F. Tannehill, William A. Burnett, F. O.Heydenrich, A. A. Grubert, and J. M. Lickliter as sureties for said deputy, J. H. Waters and Elizabeth Waters his wife, Mar garet A. Larew, Mary D. Carroll, and Cornelius Collins and Martha J. Collins, his wife. In Chancery. The object of this suit is to ascertain the indebtedness of John M. Carroll as late Treasurer of the city of Staunton, to said city, and also the indebtedness of E. M. Cushing as deputy for said Carroll whilst Treasurer as aforesaid, and to subject said late Treasurer and his said deputy and their respective estates and sureties to their proper liabilities in the premises. It appearing by affidavit filed that diligence has been used, on behalf of the plaintiff to ascertain in what county or corporation of this State said John M. Carroll is, without effect, and that said Carroll is in fact not a resident of this State. it is ordered that the said Carroll do appear here within one month after due publication of this notice, and do what is necessary


Article from The Times Dispatch, March 24, 1905

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Article Text

LEGAL NOTICE, RGINIA-IN THE CHANCERY V COURT OF THE CITY OF RICHMOND. THE 23D DAY OF MARCH, 1905. Plaintiff, Hannah Kerr VS. Defendant. William Kerr IN CHANCERY. The object of this suit is to secure for said plaintiff from said defendant a divorce, a vinculo matrimonii. And affidavit having been made and filed that the said William Kerr is not a resident of th's State, it is ordered that he appear here within fifteen days after the due publication of this order and do what may be necessary to protect his interests in this suit. CHAS. O. SAVILLE, Clerk. WILLIAM KERR. ESQ. : Take notice, that on May 6th, between 12 noon and 6 P. M.. at Room 6, No. 1112 East Main Street, Richmond, Va., before a commissioner in chancery, 1 will take the depositions of C. Gillesple and others for use as evidence in my behalf in a certain suit pending in the Chancery Court of the city of Richmond, Va., wherein I am plaintiff and you are defendant. HANNAH KERR, By Counsel Abner C. Goode, p. q. Mch 21-law-4w Virginia Banking & Trust Co.'s creditors VS. Virginia Banking & Trust Co. and others. Pending in the Circuit Court of Augusta county, Va. There 18 in the hands of Wm. Patrick, Substituted Trustee, Staunton, Va., the sum of $858.60 of the assets of the Virginia Banking & Trust Co., collected by the trustees to whom that institution assigned upon its suspension, which fund is being administered by the said court in the above styled cause. All persons having any claim to said money are required to appear before the said court within sixty days from the time this publication is complete. which will be about April 8th, 1905, and establish their claim to the same. WM. PATRICK, Substituted Trustee. Meh 10-1aw-4w


Article from The Times Dispatch, March 31, 1905

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Article Text

Virginia Banking & Trust Co.'s creditors vs. Virginia Banking & Trust Co. and others: Pending in the Circuit Court of Augusta county, Va. There IS in the hands of Wm. "Patrick, Substituted Trustee, Staunton. Va., the sum of $858.00 of the assets of the Virginia Banking &- Trust Co., collected by the trustees to whom that institution assigned upon its suspension, which fund is being administered by the said court in the above styled cause. All persons having any claim to said money are required to appear before the said court within sixty days from the time this publication is complete. which will be about April 8th, 1905, and establish their claim to the same. WM. PATRICK, Substituted Trustee. Mch 10-law-4w