Cowpens Security Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1933
Location: Cowpens, South Carolina (35.017, -81.804)

Metadata

Model: gpt-5-mini
Short Digest: 472262c8

Response Measures

None

Description

Article (1933-04-01) refers to the Cowpens Security Bank as defunct and mentions a receiver (Claude R. Dunbar). No run is described; bank is insolvent and in receivership — classified as suspension leading to permanent closure/receivership. Date of receivership/suit is from the article date.

Events (2)

1. April 1, 1933 Receivership

Newspaper Excerpt: Claude R. Dunbar, receiver the defunct Cowpens Security bank, brought the case ... suit upon the bond of Albert Fant, state bank examiner.
Source: newspapers

2. April 1, 1933 Suspension

Cause: Government Action
Cause Details: Bank declared insolvent and placed in receivership (receiver in place); action by state authorities leading to suspension
Newspaper Excerpt: Receiver of Cowpens Banks Sues Bondsmen for $40,000... Claude R. Dunbar, receiver the defunct Cowpens Security bank
Source: newspapers

Newspaper Articles (1)

1. April 1, 1933 The Item Sumter, SC

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Article Text

SUIT AGAINST STATE BANK EXAMINER Receiver of Cowpens Banks Sues Bondsmen for $40,000 Columbia, April 000 suit upon the bond of Albert Fant, state bank examiner. before the state supreme court at its April Westbrook, clerk, said today. Claude R. Dunbar, receiver the defunct Cowpens Security bank, brought the case bank examiner with the allegation that his failure to perform duties the bank causlosses its depositors and creditors. The supreme court appeal taken from an order by Judge H. Grimball, directing in favor Fant. will argued April Both branches the legislature moved yesterday abolish the bank examiner's office. Spartanburg county another supreme court scheduled for April ceivers the insolvent Bank Union brought after Judge Sease held the public preferred claim against the bank Attorneys' briefs filed with forth the originated with made payable Miller, county treasurer, Bank and represent in Miller's leged county