Bank of Chester - Chester, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 13, 1894
Location: Chester, South Carolina (34.705, -81.214)

Metadata

Model: gpt-5-mini
Short Digest: 2139c215

Response Measures

None

Description

Article (Columbia, S.C., March 13, 1894) reports the Bank of Chester 'assigned' to J. L. Glenn and J. J. Hemphill — an assignment indicates closure/receivership. No run is mentioned; depositors to be paid in full. Cause appears to be inability to obtain cash to operate through the summer (management/liquidity problem).

Events (2)

1. March 13, 1894 Receivership

Newspaper Excerpt: The Bank of Chester assigned to-day to J. L. Glenn and J. J. Hemphill. Depositors will be paid in full and stockholders will not suffer.
Source: newspapers

2. March 13, 1894 Suspension

Cause: Voluntary Liquidation
Cause Details: Assigned to trustees due to failure to procure necessary cash to run the bank through the summer.
Newspaper Excerpt: The Bank of Chester assigned to-day to J. L. Glenn and J. J. Hemphill. Depositors will be paid in full and stockholders will not suffer. The assignment was caused by the failure to procure the necessary cash to run the bank through the summer.
Source: newspapers

Newspaper Articles (1)

1. March 14, 1894 The Morning News Savannah, GA

Article from The Morning News, March 14, 1894

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Article Text

A South Carolina Bank Assigns. Columbia, S. C., March 13.-The Bank of Chester assigned to-day to J. L. Glenn and J. J. Hemphill. Depositors will be paid in full and stockholders will not suffer. The assignment was caused by the failure to procure the necessary cash to run the bank through the summer.