Seneca Bank - Seneca, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1930*
Location: Seneca, South Carolina (34.686, -82.953)

Metadata

Model: gpt-5-mini
Short Digest: 9d7adad1

Response Measures

None

Description

Article reports the Seneca Bank closed in 1930 and is in receivership; in 1934 the receiver (South Carolina State Bank) is paying a 5% dividend to creditors. No run is described in the provided article, and the bank remains closed/defunct.

Events (3)

1. January 1, 1930* Receivership

Newspaper Excerpt: the amount payable when the bank closed in 1930
Source: newspapers

2. December 14, 1934 Other

Newspaper Excerpt: A five per cent dividend will be paid to the creditors of the old Seneca bank according to an announcement made by Stribling manager of the South Carolina State bank, receiver of the defunct Seneca bank.
Source: newspapers

3. December 15, 1934 Other

Newspaper Excerpt: The 5 per cent dividend which the bank will begin paying out Friday will amount to $22,000 The creditors are asked to call at the South Carolina State bank to get their checks.
Source: newspapers

Newspaper Articles (1)

1. December 15, 1934 The Greenville News Greenville, SC

Article from The Greenville News, December 15, 1934

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Article Text

Bank At Seneca Is Paying Dividend SENECA Dec 14-A five per cent dividend will be paid to the creditors of the old Seneca bank according to an announcement made by Stribling manager of the South Carolina State bank, receiver of the defunct Seneca bank This dividend will bring the total amount paid the depositors of the Seneca bank to 55 per cent of the amount payable when the bank closed in 1930 The total amount represented $240,995.38 The 5 per cent dividend which the bank will begin paying out Friday will amount to $22,000 The creditors are asked to call at the South Carolina State bank to get their checks.