National Loan & Exchange Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 25, 1924
Location: Columbia, South Carolina (34.001, -81.035)

Metadata

Model: gpt-5-mini
Short Digest: 6b1a346d

Response Measures

None

Description

Article states the National Loan and Exchange Bank in Columbia takes over deposits on 25 March and indicates no loss to depositors; no run is mentioned. This reads as the bank being closed/taken over by another institution (assumption of deposits), so classified as a suspension followed by permanent closure/takeover. OCR in the excerpt was corrected (ou 25. March -> on 25 March).

Events (1)

1. March 25, 1924 Suspension

Cause Details: Bank's deposits were taken over by another institution (assumption/takeover of deposits); article gives no explicit cause (no run or government receiver mentioned).
Newspaper Excerpt: COLUMBIA.-National Loan and Exchange bank takes over deposits on 25. March ... no loss falling on depositors.
Source: newspapers

Newspaper Articles (1)

1. March 29, 1924 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, March 29, 1924

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Article Text

SOUTH CAROLINA BAMBERG.-Bamberg lays claim to oldest bride and groom of season. Marriage license is issued to Daniel Wright, 80, to wed Silvie Counts, 60, both colored. BAMBERG. Timothy Nimmons, epileptic negro, crawls into fire in his home and is burned to crisp. GREENVILLE. - Coroner's jury holds L. C. Tinsley and J. B. Stokely, garage employes, for death of Rev. M. F. Daniels, who was run down by car and killed, as he crossed street following preaching service. a .1 d work begins on $2,500,000 repair shops to be erected by Southern railway here. SPARTANBURG. Odell Henson, 22, Weillford, part-time pupil-farmer, raised 2,700 pounds of seed cotton on one acre, and cleared $360. SPARTANBURG. - Two bobbedhaired girls, in their teens, escape from Salvation Army home by sliding down rope made from two sheets and start on foot for Greenville, but rural officer arrests them. persons 30 warehouse of American Spinning company here to extent of $150,000 0000002$ 07 CHARLESTON.-State port development commission. in report to legislature. urges importance of developing Charleston and Port Royal ports, among best on Atlantic seaboard. OCLUMBIA. - Courtmartial tries case against Capt. John Fawcette, quartermaster at Camp Jackson, charged with irregularity n handling army funds. Testimony was to effeet that when inspection of camp was made. he negotiated loan of $4.000 in Columbia and made up shortage in accounts. ANDERSON.-Recorder Doyle declares warfare on drunken auto driv. ers and promises to give limit fine or imprisonment to all persons convicted of driving motor vehicles while under influence of intoxicants. COLUMBIA.-National Loan and Exchange bank takes over deposits ou 25. March uo bank Merchants JO loss falling on depositors. FLORENCE. Edmund Bigham's appeal for new trial will be heard April 3, according to order of Judge Wilson. when case is called on March 24. Bigham is under 'eath sentence for murder of brother. and is charged also with killing mother, sister and sister's two children. AIKEN.-Hon. J. E. Harley, of Barnwell, presides over term of court here, Judge Thomas S. Sease. who was scheduled to preside, being ill at home in Spartanburg. COLUMBIA.-Several hundred men attend state convention of Baptist men, here, with Dr. W. O. Carver, of Louisville, Ky., and prominent laymen and ministers of all parts of state on program. CAMDEN.-Ben Brannon, prominent planter, attends church services Sunday, but is stricken Monday and dies that night. CHARLESTON.-Dr Roy S. MacElwee. commissioner of foreign trade and port development, announces he has secured exhibit space at fo eign trade convention in Boston, June 4-5. Only port to have exhibit there. Dr. MacElween and his assistant, H. F. Church, will attend. SUMTER.-R. D. Epps, attorney and former senator, announces candidacy for mayor. to succeed L. D. Jennings, who will retire next year. SUMTER.-J. D. Jennings, former merchant, promin ent citizen, dies after three years' illness. CHESTER.-Rev. W. D. Garvin goes to Wagener to preach funeral of his only uncle, Carson Abell, 94 ROCK HILL-After wild ride through town. officers arrest Ben Hunter, Douglas Hunter and Ernest Givens. charged with transporting whisky, and seize their auto. TRENTON.-B. R. Tillman, son of late U. S. Senator Tillman, announces candidacy for congress, to fill seat OCcupied by James F. Byrnes, announced as opponent to Senator Dial. YORK.-Heater explodes in bath. room and home of 3. M. Grist is destroyed by fire. CLINTON.-Dr. James H. Copeland, 52, for ten years mayor and one of most prominent men of town, dies after long illness with heart trouble, his condit on having been