20154. Bank of Modoc (Modoc, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 27, 1913
Location
Modoc, South Carolina (33.733, -82.206)

Metadata

Model
gpt-5-mini
Short Digest
0a1ccafe

Response Measures

None

Description

Multiple newspaper reports (Mar 27-28, 1913) state the Bank of Modoc in Edgefield County was declared insolvent and a receiver appointed. Article 1 contains an OCR/name typo Bank of Modock which I corrected to Bank of Modoc. No run or temporary suspension is mentioned — receivership/closure is reported.

Events (1)

1. March 27, 1913 Receivership
Newspaper Excerpt
The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver, with liabilities of $6,000 and available assets of $2,000. The bank was declared insolvent by State Bank Examiner Rhame.
Source
newspapers

Newspaper Articles (3)

Article from The County Record, March 27, 1913

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Article Text

The Bank of Modock, a small bank in Edgefield county, was declared insolvent last week and a receiver appointed. The books show assets $6,129.74, of which only $2,287.65 is thought to be collectible.


Article from The Bamberg Herald, March 27, 1913

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Article Text

The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver, with liabilities of $6,000 and available assets of $2.000. The bank was declared insolvent by State Bank Examiner Rhame. It has been in existence two years.


Article from The Union Times, March 28, 1913

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Article Text

The Bank of Modoc, in Edgefield county, has gone into the hands of a receiver, with liabilities of $6,000 and available assets of $2,000. The bank was declared insolvent by State Bank Examiner Rhame. It has been in existence two years.