Peoples Bank - Bowman, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 4, 1921
Location: Bowman, South Carolina (33.349, -80.683)

Metadata

Model: gpt-5-mini
Short Digest: 34d060d4

Response Measures

None

Description

Article (Aug 10, 1921) reports Peoples Bank of Bowman petitioned the state bank examiner and was placed in the hands of a receiver (J. LeRoy Dukes) after unsuccessful efforts to restore the bank. No run is mentioned; receivership follows suspension/closure. Date in text: Orangeburg, August 4 (receiver named).

Events (2)

1. August 4, 1921 Receivership

Newspaper Excerpt: A resolution was passed by the stockholders ... petitioning the state bank examiner to have receiver appointed. ... the court named J. Lewoy Dukes of Orangeburg as receiver.
Source: newspapers

2. August 4, 1921 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors and stockholders were unable to restore the bank; petitioned state bank examiner to appoint a receiver.
Newspaper Excerpt: The Peoples Bank of Bowman has been placed in the hands of a receiver, after an unsuccessful effort on the part of the directors and stockholders to place the bank again upon its feet.
Source: newspapers

Newspaper Articles (1)

1. August 10, 1921 The Watchman and Southron Sumter, SC

Article from The Watchman and Southron, August 10, 1921

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Article Text

Bank of Bowman Asks For Receiver J. LeRoy Dukes of Orang burg Named Orangeburg, August 4-The Peoples Bank of Bowman has been placed in the hands of a receiver. after an unsuccessful effort on the part of the directors and stockholders to place the bank again upon its feet. A resolution was passed by. the stockholders at a regular meeting petitioning the state bank exeminer to have receiver appointed. The necessary papers were prepared by W. M. Wolfe, the attorney zeneral, and the court named J. Lewoy Dukes of Orangeburg as receiver. The loans and discounts of the bank aggregate $245.000. Those owing the bank are cooperating with the receiver in an effort to pay or satisfactorily arrange their paper, The prospect is that practically every loan will be collected: and all creditors of the bank paid, as well as the depositors.