20164. Bank of Ninety Six (Ninety Six, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 15, 1929
Location
Ninety Six, South Carolina (34.175, -82.024)

Metadata

Model
gpt-5-mini
Short Digest
eec28338

Response Measures

None

Description

Newspaper notices from March 1929 show the Bank of Ninety Six's corporate assets in the hands of a receiver (Cambridge Bank) and trustee payments of a Stock Liability Fund to depositors; sale of bank-owned land scheduled under court decree. No article describes a depositor run. This indicates the bank suspended operations and went into receivership/closure.

Events (2)
1. March 15, 1929 Receivership
Newspaper Excerpt
Lowden Brooks and Cambridge Bank, Receiver of the Bank of Ninety Six. Defendants. Pursuant to decree of the Court ... will sell ... the following described premises ... Terms of sale: Cash. The successful bidder ... deposit ... D. S. Master for Greenwood County.
Source
newspapers
2. March 23, 1929 Suspension
Cause
Government Action
Cause Details
Court-ordered receivership: Cambridge Bank is acting as Receiver of the corporate assets under court order; trustee to pay dividends; indicates suspension of payments by bank.
Newspaper Excerpt
NOTICE TO DEPOSITORS OF BANK OF NINETY SIX ... the undersigned, as Trustee, of the Stock Liability Fund of Bank of Ninety Six, will be at Cambridge Bank at Ninety Six ... prepared to pay dividend ... the balance in the hands of the Trustee, if any, will be paid to Cambridge Bank, as Receiver of the corporate assets of the Bank of Ninety Six.
Source
newspapers

Newspaper Articles (9)
1. January 11, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, January 11, 1929

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Article Text

T. R. Easterby Motor Co., Inc. State of South Carolina County of Greenwood Court of Common C. W. Gaulden. et al. as Depositors of the Bank of Ninety Six, and for and in Hehalf of all oth or depositors of said Bank similarly situated. Plaintiffs. LOST black barrow hog weigh- house and harns holders of the Defunet Bank of ing about 125 pounds, from my Ninety Six. of Ninety Six, 8. Defendants. home on Grace street Kindly Notice of Reference. notify George Tolbert. at South Pursuant to order of the Court ern Depot. of Common Pleas in the above-enLOST Between Ninety Six and titled action. reference will be held at my office at 10:00 o'clock, folder containing currency and gold piece. Reto fix the claims of depositors and turn. to Indx-Journal and re, Stock inbility Fund of the Bank LOST Black and white spotted other matters portinent to the setter bitch -collar plate with and ribution of this work our The amount of the claims of Notify F. M. Todd. Simpsonville, cordance with the books of Can' LOST Bunch of about 10 keya, bridge Bank: as Receivers of Bank of Ninety Six. unless evidence to the contrary in presented at the reference. LOST tan music ledger Master for Greenwood County. 1-11-18-25. of cheese manufacturing plant TAKEN UP-2 yearlings and one hog. Owner can get same by ter Hagen, who has held nine British and American championships, and Horton Smith. a modest young LOST-Bunch of about 10 keys. ReMain ward If returned to The Indexchap from Joplin. Mo., whose career in golf is just starting

2. March 15, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 15, 1929

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Article Text

NOTICE OF SALE State of South Carolina. County of the Common Pleas court. First Carolinas Joint Stock Land Bank of Columbia, Plain- Lowden Brooks and Cambridge Bank, Receiver of the Bank of Ninety Six. Defendants. Pursuant to decree of the Court the above stated cause, will sell Public Outery to the highest bidder at Greenwood Court House, S. front of the Court House door during the legal hours for such sales on Salesday in April 1929, being the 1st day of said month, the following described premises wit: or plantation All that land situate, lying and being Brooks Township, Greenwood County, State of South Carolina, containing six hundred and, sixty (660) acres, more or less, bounded by lands of Miss Brooks and Mrs. R. Johnson on, the north; east by lands of King: on the south by lands of R. Rob. inson and Joe W, Tolbert and on the west by lands of John Robertson and Estate Wilson Hasting, land the tracts of being one of the said Lowden conveyed Brooks by Trustee date deed of Bankruptcy, by in and recorded September 1922 of the Clerk of Court the office for Greenwood County in Deed Book page 257 Terms of sale: Cash. The sueceasful bidder will be required to deposit with the Master at once in cash or by certified check the sum of $500.00 to be forfeited in the event of compliance with bid Purchaser to pay for stamps and papers. If Terms of Sale are not complied with, said premises will be resold on same or some subsequent salesday at risk of former purchaser D. S. Master for Greenwood County.

3. March 18, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 18, 1929

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Article Text

NOTICE OF SALE State of South Carolina. County of Greenwood the Common Pleas The First Carolinas Joint Stock Land Bank of Columbia. Plain(iff. E. Lowden Brooks and Cambridge Bank, Receiver of the Bank of Ninety Six. Defendants Pursuant to decree of the Court in the above stated cause, will sell at Public Outery to the highest bidder at Greenwood Court House, S. C., in front of the Court House door during the legal hours for such sales on Salesday in April 1929, being the 1st day of said month, the following described All that tract or plantation of land situate. lying and being in Brooks Township. Greenwood County, State of South Carolina, containing six hundred and sixty (660) acres, more or bounded by lands of Miss M. Brooks and on the north: east by lands of King on the south by lands inson and W. Tolbert and on the west lands of John Robert BOD and Estate of Wilson Hasting, being one the tracts of land conveyed the said E. Lowden Brooks by H. Harrison. Trustee in by deed of date September and in the office the Clerk of Court for Greenwood County in Deed Book 36, page 257 Terms of sale Cash. The suecessful bidder will be required to deposit with the Master at once in cash or by certified check the sum of $500.00 to be forfeited in the event of compliance with bid Purchaser to for stamps and papers. If Terms of Sale are not complied with said premises will quent salesday at. risk of former purchaser. Master for Greenwood County lying County State ed the north Dr Southern of Tinsley south and on the west by Mebrey and being on both sides ist the Hodges West public road. The above land was to Leith in four parts, Three hundred forty. one and one half 1-2) acres by Moore, Master by deed of date November 21st. 1899 and corded in Deed Book page The Aurvey of this land shows to contain only three hundred (328) acres) Tract No conveyed to W H. Leith by L. B. Nickles by dead of date No vember 7th. 1920, recorded in Deed Book "35" page 264. containing containing and one half (42 1-2) acres conveyed to W H. Leith by Mrs. Mary Woods, Mrs. Alice Jones and Nickles by deed of date January 5th, 1911, I'd. corded in Deed Book page 129 Tract No. containing one hundred and sixty (160) conveyed to W. H. Leith by George Hagen by deed of date August 19. 1903, recorded in Deed Book "II" 85. page Terms of Sale Cash The suecessful bidder will be required to deposit with the Master at once in cash by certified check the sum of $500.00 to be forfeited in the event of with bid. Purchaser to pay for stamps and papers. If Terms of Sale are not complied with. said premises will be resold on same or some subsequent salesday at risk of former purchaser JONES. Master for Greenwood County

4. March 23, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 23, 1929

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Article Text

NOTICE TO DEPOSITORS OF BANK OF NINETY SIX The undersigned, as Trustee, of the Stock Liability Fund of Bank of Ninety Six. will be at Cambridge Bank at Ninety Six, C., on March 29th and 30th. 1929. between the hours of M. and P. M. prepared to pay dividend from the Stock Liability Fund to each depositor. Under order of Court such persons as do not demand payment of their dividend at such time and place will forfeit their right to same and the balance in the hands of the Trustee. if any. will be paid to Cambridge Bank. as Receiver of the corporate assets of the Bank of Ninety Six. to be administered for the benefit of depositors along with other assets of the Bank of Ninety 3-22-7tx

5. March 24, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 24, 1929

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Article Text

undersigned, as Trustee, of the Stock Liability Fund of Bank of Ninety Six. will be at Cambridge Bank at Ninety Six, S. on March 29th and 30th, 1929, between the hours of 9:00 A. M. and 3:00 P. M. prepared to pay dividend from the Stock Liability Fund to each depositor. Under order of Court such persons as do not demand payment of their dividend at such time and place will forfeit their right to same and the the hands of the Trustee. if any, will be paid to Cambridge Bank. as Receiver of the corporate assets of the Bank of Ninety Six, to be administered for the benefit of depositors along with other assets of the Bank of Ninety NOTICE taxes are-payable to 1st with one percent penalty After May 1st., un paid taxes goes: into hands of sheriff for collection GEO. N. BURNETT. County.

6. March 25, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 25, 1929

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Article Text

NOTICE TO DEPOSITORS OF BANK OF NINETY SIX The undersigned, as Trustee, of the Stock Liability Fund of Bank of Ninety Six, will be at Cambridge Bank at Ninety Six, on March 29th and 30th. 1929, between the hours of 9:00 A. M. and 3:00 M. prepared to pay dividend from the Stock Liability Fund to each depositor. Under order of Court such persons as do not demand payment of their dividend at such time and place will forfeit their right to same and the balance in the hands of the Trustee. if any, will be paid to Cambridge Bank. as Receiver of the corporate assets of the Bank Ninety Six. to be administered for the benefit of along with other assets of the Bank of Ninety Six 3-22-7tx

7. March 26, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 26, 1929

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Article Text

NOTICE TO DEPOSITORS OF BANK OF NINETY SIX The undersigned. as Trustee, of the Stock Liability Fund of Bank 2 of Ninety Six. will be at Cambridge Bank at Ninety Six, S. C., on March 29th and 30th, 1929, between the hours of A. M. and 3:00 M. prepared to pay dividend from the Stock Liability Fund to each Under order of Court such persons as do not demand their dividend at such time place will forfeit their right same and the balance in the hands of the Trustee. If any. will be paid to Cambridge Bank. as Receiver of the corporate assets of the Bank of Ninety Six. to be administered for the benefit of depositors slong with other assets of the Bank of Ninety Six.

8. March 27, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 27, 1929

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Article Text

NOTICE TO DEPOSITORS OF BANK OF NINETY SIX The undersigned, as Trustee, of the Stock Liability Fund of Bank of Ninety Six. will be at Cambridge Bank at Ninety Six, 8. on March 29th and 30th. 1929, between the hours of A. M. 3:00 M. prepared to pay dividend from the Stock Liability Fund to each depositor. Under order of Court such perBODS as do not demand payment of their dividend at such time and place will forfeit their right to same end the balance in the hands the Trustee If any, will be paid to Cambridge Bank. of the corporate assets of the Bank of Ninety Six, 10 be administered for the benefit of depositors alone with other assets of the Bank of Ninety

9. March 28, 1929 The Index-Journal Greenwood, SC
Article from The Index-Journal, March 28, 1929

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Article Text

NOTICE TO DEPOSITORS OF OF NINETY SIX The undersigned. as Trustee, of the Stock Liability Fund of Bank of Ninety Six. will be at Cambridge Bank at Ninety Six, C., on March 29th and 30th. 1929, between the hours of 9:00 A. M. and 00 P. M. prepared to pay a dividend from the Stock Liability Fund to each depositor Under order of Court such persons as do not demand payment of their dividend at such time and place will forfeit their right to same and the balance in the hands of the Trustee If any, will be paid to Cambridge Bank. as Receiver of the corporate assets of the Bank of Ninety Six. to be administered for the benefit of along with other assets of the Bank of Ninety