Bank of Kline - Kline, SC

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: November 14, 1930
Location: Kline, South Carolina (33.126, -81.343)

Metadata

Model: gpt-5-mini
Short Digest: 2978df8d

Response Measures

Full suspension, Books examined

Other: Placed in hands of state bank examiner; closed to 'protect depositors'.

Description

Article (The State, 1930-11-14) reports heavy withdrawals/fear of a run and that the bank closed its doors and placed its affairs in the hands of the state bank examiner. No mention of reopening; closure appears permanent/receivership. OCR errors in the article were corrected (e.g., closes its doors, state bank examiner).

Events (3)

1. November 14, 1930 Receivership

Newspaper Excerpt: placing its affairs in the hands of the state bank examiner
Source: newspapers

2. November 14, 1930 Run

Cause: Local Shock
Cause Details: Bank reported to be in poor condition following recent storms, prompting heavy withdrawals and fear of a run.
Measures: Bank was closed to protect depositors; cashier decided to cease business operations.
Newspaper Excerpt: there had been of funds and fearing run on the bank, Victor Lewis, the cashier, ... decided to close the bank in order to protect the depositors.
Source: newspapers

3. November 14, 1930 Suspension

Cause: Government Action
Cause Details: Bank closed and its affairs placed in the hands of the state bank examiner after heavy withdrawals/fear of a run.
Newspaper Excerpt: Bank of Kline closes its doors ... placing its affairs in the hands of the state bank examiner
Source: newspapers

Newspaper Articles (1)

1. November 14, 1930 The State Columbia, SC

Article from The State, November 14, 1930

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Article Text

BANK OF KLINE CLOSES ITS DOORS Special to The State. Bank of the four financial in the failed to its doors for business open Monday morning and the usual notice placing its affairs in the hands of the state bank examiner according to here. The of this came to of the was to be in very condition after the storms the past ten years. was reported that several days there had been of funds and fearing run on the bank, Victor Lewis, the cashier, meeting the time it was decided to close the bank in order to protect the depositors.