Bank of McCormick - McCormick, SC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 16, 1922
Location: McCormick, South Carolina (33.913, -82.293)

Metadata

Model: gpt-5-mini
Short Digest: f6465577

Response Measures

None

Description

Bank suspended for about two weeks following the death of its president, James E. Britt, and then resumed operations (article dated March 6, 1922; reopening reported as Thursday, March 2, 1922). Cause of suspension coded as bank-specific adverse information (death of president impaired ability to realize operating cash).

Events (2)

1. February 16, 1922 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension followed the death of the bank's president, which left the bank unable to realize operating cash for the time being.
Newspaper Excerpt: After suspension of business for the past two weeks following the death of Mr. James E. Britt, its president,
Source: newspapers

2. March 2, 1922 Reopening

Newspaper Excerpt: The Bank of McCormick was again opened for business Thursday. ... Mr. W. W. Bradley, assistant state bank examiner has been untiring in his efforts to place the Bank of McCormick back on a firm basis. His efforts were rewarded yesterday when the bank resumed operat[ions].
Source: newspapers

Newspaper Articles (1)

1. March 6, 1922 The Abbeville Press and Banner Abbeville, SC

Article from The Abbeville Press and Banner, March 6, 1922

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Article Text

Bank of McCormick Re-Opens a McCormick, March 4.-After suspension of business for the past two weeks following the death of Mr. James E. Britt, its president, The Bank of McCormick was again opened for business Thursday. Following the policy of the State Bank Examiner's office to allow every leniency to the banks of the State unable to realize operating cash, for the time being, Mr. W. W. Bradley, assistant state bank examiner has been untiring in his efforts to place the Bank of McCormick back on a firm basis. His efforts were rewarded yesterday when the bank resumed operat