Peoples Bank - Fountain Inn, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1926*
Location: Fountain Inn, South Carolina (34.689, -82.196)

Metadata

Model: gpt-5-mini
Short Digest: eac5b05d

Response Measures

None

Description

Article refers to the 'defunct Peoples of Fountain Inn' which 'closed in 1926' and mentions a receiver and tax refund claims. No run or reopening is described; the bank is permanently closed and in receivership. Bank type inferred as state bank (small local bank name lacks 'National' or 'Trust').

Events (2)

1. January 1, 1926* Receivership

Newspaper Excerpt: asked refund of tax paid on in the bank by the receiver the institution closed in 1926.
Source: newspapers

2. January 1, 1926* Suspension

Cause: Government Action
Cause Details: Bank closed and placed in receivership in 1926; receiver handling assets and tax matters.
Newspaper Excerpt: the South Carolina bank for defunct Peoples of Fountain Inn. asked refund of tax paid on in the bank by the receiver the institution closed in 1926.
Source: newspapers

Newspaper Articles (1)

1. October 2, 1930 The Greenville News Greenville, SC

Article from The Greenville News, October 2, 1930

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Article Text

DELEGATION HAS VARIOUS MATTERS BEFORE MEETING (Continued from Page One) present to answer questions regardthe situation. was brought out that recent survey shown 202 families upon in addition to 99 such condition. around persons that known depending the Red Cross Steady increase in the number of persons dependent on charity has been noted this year, result the Red been taxed to greater extent than in the the time. it was pointed revenue the Community Chest have fallen below normal. with result that the organization now debt groceries and supplies to extent about estimated that of relief arise the city two-thirds in the county, the gation asked to $1,282 as its share the heavy burden estimated for the last three months the year. This was contingent City appropriating $641 for the city. reported that funds for roads and bridges virtually exhausted. largely as work in replacing worn bridges over This the at that that the program needed funds when those on hand An appropriation of $15,000 to last through the year SELL BUILDING The authorized Mr. Pridmore take offers the building formerly used as the Hopewhich soon be property of the counSale the building will be conupon acceptance bid Mr. County H. Willimon. and the Finance the delegation. M. Richardson, appearing for the South Carolina bank for defunct Peoples of Fountain Inn. asked refund of tax paid on in the bank by the receiver the institution closed in 1926. He pointed out that such tax claims were ed "nulla bona" by the State Tax commission and that the taxes, amounting to between $500 and had been paid authority, the money being that deposirather in the also contemplat. ed refund of school taxes and state taxes. special act of the General Assembly being necessary for the state refund. The matter was County Attorney James H. Price for report as to legal aspects. Henry, of the Henry Conoffer to four streets designated for improvement with special type of materwhich, while costing at outset. required practically upkeep. He advantages of surfacing and declared could, by using type roller, lay the material within two weeks after topsoil has been placed on the streets. Cost of four roads included in the program. treated with would cost was estimated by County Jack for surface treating the entire width Mountain avenue for distance of about 1,000 feet where property owners have to place curb and gutters refused. Remainder the thoroughfare would be treated for width of 18 feet, as would Hillcrest drive. Petition for surface treating block of Hillcrest east Main street extension was also refused of shortage for funds such work. Refusal was also given, at least temporarily, request by citizens for grading, relocation and surface treating road connecting Pickens county Earle's bridge the Caesar's Head road above Travelers ALLOW DAMAGE The delegation appropriated $250 for Oliver Ware result of incurred by him in relocation Augusta road intersection with the Pelzer road and the Coobridge road. Agreement was made that he reimbursed to the extent and graded around store this latter the agreement never out, cording M. Blythe, who appeared for Money appropriated for cost of the recent election on proposed bond issue purchase the Chamber of building, being to pay managers $2 instead for services. County Engineer Weir was asked make estimate cost placing curb and gutters on Sumner distance of about 100 feet outside the city limits. as requested Messrs Bishop and Butler. said that as things are now their being continually