Newspaper dispatches (May 1, 1930) state the State Banking Commissioner appointed a receiver for 11 closed banks, explicitly naming the Bank of Cairo. No article mentions a depositor run; a receiver was appointed, indicating closure by government action.
Events (1)
1.May 1, 1930Suspension
Cause
Government Action
Cause Details
State Banking Commissioner appointed a receiver for the Bank of Cairo as one of 11 closed banks.
Newspaper Excerpt
State Banking Commissioner L. R. Charter Jr., today appointed John H. Barringer ... be receiver for 11 closed banks ... the Bank of Cairo
BANK RECEIVER NAMED.
ENQUIRER BUREAU SPECIAL DISPATCH. Charleston. W. May 1-State Banking L. R. Charter Jr., today appointed John H. Bar. ringer, an be receiver for 11 closed banks. The institutions The Clarksburg Trust Company and the Farmers Bank, both Clarksburg: Bank of Jacksonburg. Jacksonburg the Tunnelport Bank, the Lumberman Pullman: the Auburn Exchange Bank of Auburn: the Bank of Cairo: the M. and M. Savings Bank of Grafton: the Commercial Morganand the Peoples Bank of Phil-
BANK RECEIVER NAMED.
BUREAU SPECIAL Charleston, W. Va., May 1-State Banking Commissioner L. R. Charter Jr., today appointed John H. Barringer. examiner, be receiver for 11 closed banks. The Institutions are: The Clarksburg Trust Company and the Farmers Bank, both Clarksburg: The Bank of Jacksonburg. Jacksonburg: the Tunnelport Bank, Tunnelton: the Lumberman Bank. Pullman: the Auburn Bank of Auburn: the Bank of Cairo: the M. and M. Savings Bank of Grafton: the Morganthe Peoples Bank of Phillippi.
