National Union Bank - Rock Hill, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5134
Charter Number: 5134
Start Date: January 29, 1927
Location: Rock Hill, South Carolina (34.943, -81.021)

Metadata

Model: gpt-5-mini
Short Digest: c990c84b

Response Measures

None

Description

The articles describe the Citizens Bank & Trust of Rock Hill closing on January 29, 1927 and the National Union Bank acting as or having a receiver appointed in connection with the closed institution. There is no description of a depositor run; instead the coverage emphasizes closure, appointment/request for receiver, and subsequent investigations/indictments—indicating a suspension/closure with receivership tied to alleged adverse bank-specific affairs. Dates derived from article text (closure Jan 29, 1927) and publication dates for receiver requests (Feb 1927).

Events (5)

1. August 25, 1898 Chartered

Source: historical_nic

2. January 29, 1927 Suspension

Cause: Bank Specific Adverse Info
Cause Details: The bank closed January 29, 1927 amid alleged irregularities and transactions under investigation; solicitors and directors sought audits and indictments for officers/directors, indicating insolvency or misconduct rather than a mere rumor or panic.
Newspaper Excerpt: the closed bank in adopted by eight rectors attended meeting... which closed on January 29
Source: newspapers

3. February 9, 1927 Receivership

Newspaper Excerpt: state banking department has been requested the board of directors of the Bank Trust recommend the court that the National Union bank of this city be pointed receiver for the former institution, which closed its doors Jan- ... made known in state-issued president of the Citizens' bank.
Source: newspapers

4. March 29, 1927 Other

Newspaper Excerpt: investigation of affairs of the institution and of transactions of all parties connected with Citizens Bank & Trust which closed January ... The request was made by the board of directors the closed bank ... the directors resolved to take steps ... and end the National Union bank, receiver for both institutions.
Source: newspapers

5. July 1, 1930 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (6)

1. February 9, 1927 The State Columbia, SC

Article from The State, February 9, 1927

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Article Text

Bank Receiver Asked. Special to The State. Rock Hill, Feb. state banking department has been requested the board of directors of the Bank Trust recommend the court that the National Union bank of this city be pointed receiver for the former institution, which closed its doors JanThis made known in stateissued president of the Citizens' bank. Further will come from state banking department, stated. Boys' Clubs Booming Special Rock Hill, Feb. 8.-At least eight boys' agricultural clubs are expected organized in York county during the ensuing week, it was

2. March 29, 1927 The State Columbia, SC

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Article Text

ASKS INVESTIGATION OF BANK'S AFFAIRS Special to The State. Rock Hill, March investiga tion of affairs of the institution and of transactions of all parties ed with Citizens Bank & Trust which closed January company, has been requested Solicitor Lyles of Chester. was learned The request was made by the board of directors the closed bank in adopted by eight rectors attended meeting. The directors resolved "to take steps appear advisable or in protect the interest of depositors in the Bank & company and the stockholders of both and end the National Union bank, receiver for both institutions. is here. by requested the tor of this district at S. such copy or copies of the reports of the bank auditors as will enable the solicitor to ascertain whether or not there has been any violation statute laws of the state of South Carolina on the part either officers, directors or depositors, if such be found, that necessary steps be taken by the receiver of the two institutions to bring about prompt indictment of such party or parties. The further places the directors as signifying their willingness to do anything in their power to bring to account any guilty party or comply with the re. quest of the directors was expressed by the and Solicitor Glenn be of the desired reports within few days. Drumtochty Expands. Anderson Governor Richards about to tend the corporate limits of Due take in the whole state of South Carolina.

3. July 14, 1927 The Herald Rock Hill, SC

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Article Text

SHORT TERM FILLED WITH INTEREST AT END IN YORK Judge Mann Imposes Only Road and Pen Sentences WINDS UP CASES Order in Bank Case; No Civil Cases Set Next Week Herald Corsentences noticible by their absence Judge Marvin M. Mann's court, of the cases tried at the July term of general sessions court reveals. The term ended late yes. terday except for few equity matters. Not in a of pended sentence is shown for the term and few if any fines. Judge Mann announced at the opening of the court that he was opposed to suspended sentences and lieved that minor offenders should be made to serve all of moderate |term than none of severe sentence. While it lasted only three days has been since many year York county's criminal court has been the center of SO much interest as that just concluded. Three murder cases for the court proper to handle and one bank failure for grand jury to consider furnished material for any amount of versation and speculation and drew hundreds to the county seat. Death sentences was imposed Monday upon one defendant, negro, McKinley Thomasson. 16, for the murder of Mrs. Frances Thomasson Filbert June 25. He was also under indictment for criminal sault. Hurried to the state penitentiary he was placed in the death house where he awaits execution Life sentence mposed yesterday upon Mills Moore, 42, alias, Porter Brown, for the murder nine years ago of Special Officer Penninger at Sharon. He also has to the state peni? tentiary to begin his sentence. Considerable resentment is said reign in the Sharon community because the mercy which prevented his execution also. licitor Glenn and Judge Mann urged the jury to make the recommendation after Moore through his torneys had said that he would accept such verdict. It took the jury an hour and half to agree make the The state Tuesday accepted plea of guilty to the charge of manslaughter by James. Columbia, held responsible for the Gary Brock and William Howie, Union high school boys were killed near Filbert June 26 when an automobile driven by collided with their motorcycle. James was admittedly under influence of whiskey. He received sentence of from three and onehalf to seven years in the state penitentiary. Many minor cases, for the most part for housebreaking or largeny for prohibition law violation were brought to trial. In most instances the defendants pleaded guiland received penitentiary or road sentences. In windnig court up was announced that an order directing the solicitor to comply with the recommendation of the grand jury that he make an investigation the transactions at the Citizens Bnk and Trust of Rock company, Hill, which closed on January 29, to be drawn up and signed this afternoon by Judge Mann. who was Charlotte earlier in the day. The order in reality will authorize the receiver to allow Solicitor Glenn access to books and records now held by the National Union Bank receiver, whose attorneys asked such an order. Just before court adjourned the Ben Neil and red Neil, charged with assault and battery tried in the absence of the lefendants. sealed was returne. The two are from Rock Hill. Hoyt Brazell. pleading guilty violation of the prohibiton law, was sentenced to serve 60 days. Sexton, guilty to fense received the same sentence. At the suggestion lawyers. Judge Mann ordered that jurors notified not to report for duty common please court next cases

4. November 22, 1927 The Item Sumter, SC

Article from The Item, November 22, 1927

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Article Text

OF VENUE YORK Vice President of Defunet Rock Hill Bank Cannot Obtain Fair Trial in York County Nov ley. active vice president defunct Citizens' Bank and Trust company of Rock Hill, facing indictments for violation connection with the failure that institution, not know until morrow whether will tried York county that or another county. When court convened morning his attorneys presented supported about score of affidavits, alleging that account of the inflamed state public mind would be impossible for Shurley have trial York and attributing prejudice Shurley large to the the of the National Union bank of Rock Hill, receivers the closed bank and of the other the of the bank's Change venue in order that Shurley might trial county Sixth judicial where public not prevail Attorneys for Roddey, president the National Union bank and his of Citizens' other the asked Judge John withhold his ing change morrow order that they might answer allegations in petition, which request grant- Solicitor Lyles the change venue and number affidavits from citizens parts county declaring that there was reason why Shurley could have impartial trial in York county. Cases against Klugh, mer cashier the defunct bank, and former state account of the illness ron of Union, one their attorneys and because another member thir counsel, Greene, of Abbeville, unavoidably In Shurley's petition asking change venue alleged that he is informed and believes that the receivers the Citizens' bank instructed their their attention the record of Shurley and Klugh and that they were isfied with any audit report except which on its face to Shurley. is further forth that Shur ley had been informed that one of officers direcNational Union bank, had made of their office to prejudice Inflame the public against to lay the blame for the failure the bank him order shield the closed bank, and and W. direcis also alleged that paper stories have prejuagainst Shurley. Hemphill Wilson Rock Hill Cole L. Blease and Claud Sapp Defendants the bank than and Klugh are Johnson and W. Brad-

5. December 8, 1927 The Herald Rock Hill, SC

Article from The Herald, December 8, 1927

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Article Text

Legal Advertising State of South Carolina County of York. Albert Fant, State Bank Plaintiff, aminer, against days after compliance with Citizens Bank and Trust corporation, Defendant. pany, RE: National Union Bank of Rock Undertaking Hill, C., Receiver, against W. H. Wall, stockholder Phone Phone Day Night the Citizens Bank and Trust 98 180 Company, individually, and representative of class repre- Ambulance Service senting all other stockholders of said Citizens Bank and Trust Motor Equipment Company, and City of Rock Hill, depositor of the Cit& izens Bank and Trust Company, individually representative the class of all other

6. April 10, 1928 The Charlotte News Charlotte, NC

Article from The Charlotte News, April 10, 1928

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Article Text

Rock Hill Man Sues Bank for Amount Large Injuries Suffered When He Fell Through tor Shaft Is Cause of Suit. Rock April Wilson have filed suit for $30,000 damages alleged suffered by the plaintiff through the and Trust 1927. National efforts made to the trial at date. Mr. local OCcupied suite offices on upper the building. His complaint that offices that water He further alleges that was during week days operator Sunday, tenants the building were "directed, permitted. allowed and encouraged" to operate lift themselves. The complaint, the Fall resulted the fact the was not position" his floor, alleges was painfully and permanently injured. breaking bones in his bone in his back injuryin suffering partial his of his inflicted to his While the National Union Bank receiver made sole defendant the action, was brought out liability policy $10.000 was the elevator protect Citizens and Company owners the building from arising accidents.