Peoples Bank - Edgefield, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1925
Location: Edgefield, South Carolina (33.790, -81.930)

Metadata

Model: gpt-5-mini
Short Digest: 8123a886

Response Measures

None

Description

OCR of the article is poor, but the headline and text state the People's Bank of Edgefield closes doors and that directors confer with examiner for liquidation, indicating a suspension leading to permanent closure/liquidation under examiners/receiver. No explicit run or depositor panic is described in the text provided.

Events (2)

1. January 20, 1925 Receivership

Newspaper Excerpt: directors of the People's Examiner W. Bradley Bank of Edgefield ... confers with the Examiner ... for Liquidation.
Source: newspapers

2. January 20, 1925 Suspension

Cause: Government Action
Cause Details: Directors conferred with banking examiner regarding liquidation; bank closed and moved toward formal liquidation under examiner involvement.
Newspaper Excerpt: PEOPLE'S BANK CLOSES DOORS Edgefield Institution Confers With Examiner for Liquidation.
Source: newspapers

Newspaper Articles (1)

1. January 20, 1925 The State Columbia, SC

Article from The State, January 20, 1925

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Article Text

PEOPLE'S BANK CLOSES DOORS Edgefield Institution Confers With Examiner for Liquidation. Special The State. Edgefield, Jan. the today the directors of the People's Examiner W. Bradley Bank of Edgefield over the the People's bank and paying off the assets are ized capital of the The bank not open for Loans The plan should and As legal the state require several out the details of meeting the People's be called the boards directors two may reasonably that and upon the bank made under about ten that certain the and additional be depositors the from the assets