Commercial Bank - Greenwood, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 16, 1926
Location: Greenwood, South Carolina (34.194, -82.154)

Metadata

Model: gpt-5-mini
Short Digest: ed132e14

Response Measures

None

Description

Article (Index-Journal, 1926-02-25) states funds on deposit at the Commercial Bank 'which is now in the hands [of] liquidating committee', indicating the bank was in liquidation/suspended and likely closed. No run or depositor agitation is described. Date in text (report dated 1926-01-16) used for suspension timing.

Events (1)

1. January 16, 1926 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is stated to be 'in the hands [of] liquidating committee', indicating voluntary liquidation/ winding up of the bank's affairs.
Newspaper Excerpt: We likewise make reference to the funds on deposit at the Commercial Bank which is now in the hands liquidating committee and call your attention to same as there will undoubtedly be some loss this account.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1926 The Index-Journal Greenwood, SC

Article from The Index-Journal, February 25, 1926

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Article Text

Official Report of AudiESCAPADES tor Says Everything All Right LIKE A ALL FUNDS IN HAND AUDITOR WILD TIME Money Handled By Of- ficials Satisfactorily Accounted For The books of County Judge and Master Henry Tillman and of the magistrates of the county are correct in all essential features and all funds have been satisfactorily accounted for, according to the official report of Wallace, certified public accountant. who recently completed an examination of the books upon instructions from the grand jury. Mr. Wallace's detailed report has been submitted to Foreman B. Taylor who wishes made public. An interesting fact in connection with the report on the magistrates is that 85 per cent of all the cases in the county have been handled by Magistrate Demos S. Jones, at Greenwood. County Judge and Master. Following is synopsis of the report on the books of the county judge and master: We have examined the books of this officer for the entire time he has been in office, and we have checked back of his tenure fice in determine what funds were turned over to him by his predecessor, and have noted that these funds have been properly disbursed, or accounted for in the present statement. All payments to the Interested parties to actions are evidenced the parties or cancelled checks. from the clerk of court, the publishers and the auctioneer that all funds due them for their services have been paid. This officer himself states that has not drawn his fees and commissions for the past ten or eleven months, and in addition to these commissions due himself. he is due to Interested parties the sum of $2,807.35 as will be evidenced by the accounts listed in detail which show the various distributions to be made of these funds. Cash on hand with which to pay these claims has been verified from the depository's statement and as follows: Cash on deposit, Commerclal Bank. per receiver's certificate -$1,674.72 Less check outstanding. Nickles 795.35 Net balance 879.37 Cash in American Bank 1,879.36 Cash in National Bank 887.85 Total $3,646.58 Deduct amount due parties. 2,807.35 Bal master's commissions. We have determined the master's commissions to be about $125 more than the amount shown and this accounted certain cases which the master has disbursed more funds than the cases called for. We are of opinion that the officer himself the will have to stand this loss and make recovery from the parties. in connection with the check outstanding on the Commercial Bank. this check was given on October 27th and had not been cashed on November 5th when the Payment will have to be made to the holder of this check which will the amounts shown. We do not consider this officer at fault in the matter. would appear that the holder of the check had ample time to realize on same. We likewise make reference to the funds on deposit at the ComThercial Bank which is now in the hands liquidating committee and call your attention to same as there will undoubtedly be some loss this account. We have this day. January 16. 1926. (Continued on rage Two.) Just What May Be Expected Next Unknown By Authorities (By The Associated Investivators of the marital adventures of Noel Cobb. Anderson, youth, today were wondering how much more territory the seemingly of his activities would develop. Already ten cities in six states have been involved. News dispatches to date have vealed knowledge of him in the following cities, arranged as nearly chronological order as possible according to his activities: Anderson, S. his home, where his family is known and highly res pected. Colhmbia, where he attended for one year the University of South Carolina. Nashville, Tenn., where he was theology student at Vanderbilt University and where he met Miss Margaret Farmer, pretty Dothan, Ala., student at Peabody College. Jeffersonville, Ind., where he is believed to have gone through fake marriage ceremony with Miss Farmer following whirlwind courtLouisville, Ky., where he attended the Presbyterian Theological Seminary. Dotban, Ala., where he went with his "bride" and was received by ber family and filled for one Sunday the pulpit in the First Presbyterian church, which city he was asked to leave by Miss Farmer's father followsuspicion. Birmingham, Ala., where he presented himself to church officials and officials of the College as "French diplomat" and obtained letters of introduction to students of divinity at Emory Univer sity in Atlanta. Atlanta, Ga., where he presented his letters and was well received by Emory students and introduced by them to their acquaintances, and where he was found three weeks Intunconscious on the streets sufferiny from strange mental malady later pronounced dementia proecox" Decatur, Ga., where he met Miss Virginia Follingsworth, another pretty young gir.l student of Agnes Scott College, and inaugurated whirlwind courtship culminating in their marriage. Chattanooga, Tenn., to which oity he eloped with Miss Hollingsworth and where they were married followlog two day courtship. Cobb now is in sanitarium in an unnamed North Carolina city where was taken by his mother follow. ing his collapse Atlanta. Asheville, Feb. Noel Cobb, of Anderson. whose marital adventures in Alabama and Georgia have aroused interest throughout the south, is patient in the Highland Hospital here for nervous disorders. it was learned day. Storm Warning. Washington, Feb. visory m., storm warnings displayed on Atlantic coast Cape Hatteras to Eastport, Me., and small craft warrings south of Hatteras Jacksonville, Fla. Severe storm central over southern Lake Michigan, moving rapidly northeastward.