Planters National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10802
Charter Number: 10802
Start Date: October 7, 1932
Location: Saluda, South Carolina (34.002, -81.772)

Metadata

Model: gpt-5-mini
Short Digest: adf78b11

Response Measures

None

Receivership Details

Depositor recovery rate: 44.3%
Date receivership started: 1931-06-22
Date receivership terminated: 1937-12-10
OCC cause of failure: Economic conditions
Share of assets assessed as good: 14.4%
Share of assets assessed as doubtful: 75.0%
Share of assets assessed as worthless: 10.7%

Description

Article (The Atlanta Journal, 1932-10-07) lists Planters National Bank of Saluda (receiver) $20,000. No run or withdrawals described; bank is in receivership, indicating permanent closure/failure.

Events (4)

1. November 19, 1915 Chartered

Source: historical_nic

2. June 22, 1931 Receivership

Source: historical_nic

3. October 7, 1932 Receivership

Newspaper Excerpt: Planters National Bank of Saluda (receiver) $20,000
Source: newspapers

4. October 7, 1932 Suspension

Cause: Government Action
Cause Details: Bank listed as in receivership (placed under a receiver/closed by authorities).
Newspaper Excerpt: Planters National Bank of Saluda (receiver) $20,000
Source: newspapers

Newspaper Articles (1)

1. October 7, 1932 The Atlanta Journal Atlanta, GA

Article from The Atlanta Journal, October 7, 1932

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Article Text

Birmingham, Exchange Bank, 000. Castleberry, Peoples Bank of Castleberry, $5,000. Decatur, Mergan County National Bank Decatur Tennessee Valley Bank, Decatur, Tennessee Valley Bank, $25,000. Fairfield, Fairfield Trust and Bank, Guntersville, $4,500. Jasper, First National Bank of Jasper, $30,000. Lexington, Bank of Lexington, $6,000. Louisville, Louisville, Moulton Bank of Citizens Bank, $6,925. Tuscumbia First National Bank, $30,000. Florida: Clermont, Citizens Bank of $15,000. Fort St. Clermont. Lucie Bank, JackBank of First JacksonNaville, tional Bank of Kissimmee, Lake City, State Exchange Bank $3,500. Live Oak, Commercial Bank Live Oak, National Bank Milton, Saint State Bank, Starke, Bank of Starke, $59,985. Tavares, of Tavares $20,000. First National Georgia: Bank, Cumming. Bank Gainesville Bank, $25,000 Hartwell, First Bank of (receiver), Lake Park, Lake Park Bank, Lowndes Soperton, Bank $12,500. Valdosta, First Soperton, National Bank, $310,000. Wadley, Bank Wadley, $5,000. Waycross, First Bank $15,000. West Point, Citizens Bank and Trust $90,000. Winder National Bank, Carolina- Farmers & South Merchants Bank, $40,000; Camden, Bank Camden, Charleston, South Carolina Bank Charleston, First National of Florence (receiver). Saluda, Planters National Bank of Saluda (receiver) $20,000: Spartanburg. Central National Bank Bank Fairfield, $5,000; Winsboro, Bank of Fairfield, Tennessee- Bradford, Bank Bradford, $15,000; Chattanooga, First National Bank Chattanooga, First National Bank, $90,000; Covington, Union Savings Bank, $13,000; Crossville, First tional Bank $29,500; Dandrige, Jefferson County Bank, $15,000; Darden, Bank Darden, $2,300; Daytton, Dayton Bank Inc., $25,000; Eldridge, Bank of Eldridge, $8,500; Englewood. Bank Englewood, Friendship. Bank of ple's Exchange Bank. $15,000 Halls. Bank of Halls, $14,000 Halls, Bank Halls, $10,000 Humboldt. MerState Bank, Johnson Unaka City National Bank, Kingston Bank Trust Company, $8,000: Knoxville. Tennessee National Bank, $650,000: Lafayette. Citizens Bank, $25,000; Liberty. Liberty Savings Bank. $5,000 Lobelville, Bank of Locial Bank, First Duck Bank, Ripley. First State Bank, $5,500; Rutledge, Citizens Bank Trust Joseph, American Bank $2.200 Scotts Hill. Farmers State Bank. Svierville, Bank of SevierCitizens Bank Sneedville Westmoreland. Farmers Merchants Bank. Yorkville. Bank $10,000. North Carolina Conway. Bank of Conway, $2,500: Dobson. Surry CounLoan Trust Company, Fremont, Bank of Fremont, $10,000 Gastonia, Loan Trust Carolina Bank and Trust Company Commercial Bank of Lexington. Mount Olive, Citizens Bank (receiver), $13,Avery County North Bank North Wilkesboro, $15,000; Raleigh, Commercial National Bank Raleigh (receiver). $721,000; Roanoke Rapids Citizens Bank and Trust Company, $4,000; Rapids Citizens Bank and Trust Company, $3,500; Shelby, First National Bank Shelby, $95,000; Washington, First National Bank of Washington (receiver), $16,000. Building loan associations: North Hamlet Building & Loan Association Henderson, Henderson Building Loan Association $7,500; Henderson, Home Building Loan Association Smithfield Building Association Southport Building & Loan Association $4,000. Insurance companies: Alabama Loncoin Company, $66,200. Mortgage loan companies: Clarksville, Northern Bank Trust Company $40,000. Joint stock land bank the Atlanta Joint Stock Land Bank of Atlanta $55,000.