Planters Bank - Sharon, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 25, 1922
Location: Sharon, South Carolina

Metadata

Model: gpt-5-mini
Short Digest: e804b410

Response Measures

None

Description

Article (Yorkville Enquirer, 1922-08-25) describes Planters Bank of Sharon contesting a receivership and states two receivers were appointed; implies the bank was placed in receivership (permanent closure). Also mentions possible usury charge against the bank. No mention of a prior run or temporary suspension/reopening.

Events (1)

1. August 25, 1922 Receivership

Newspaper Excerpt: W. L. Hill, who is the principal owner of the Planters Bank of Sharon, which is contesting the receivership, was the only man in the western section of York county who would be in financial position to buy the property... It was stated by an attorney that no matter what the judge's decision the affairs will be kept in the hands of the two receivers appointed until January 1, through legal delays.
Source: newspapers

Newspaper Articles (1)

1. August 25, 1922 Yorkville Enquirer York, SC

Article from Yorkville Enquirer, August 25, 1922

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Article Text

and J. A. Marion, Esq., resisted the motion. The principal argument of one of the counsel for the creditors was that the assets of the company include a large amount of land, which if put on the block and sold at this time would bring only a portion of its real value. It was further argued that if the property were sold W. L. Hill, who is the principal owner of the Planters Bank of Sharon, which is contesting the receivership, was the only man in the western section of York county who would be in financial position to buy the property and that Mr. Hill would be able to buy it for much less than its real value. Judge Sease took the matter under advisement. It was stated by an attorney that no .matter what the judge's decision the affairs will be kept in the hands of the two receivers appointed until January 1, through legal delays. It was also intimated that a charge of usury may .be filed against the Planters' Bank of Sharon in connection with the litigation. The case is one that promises to occupy the attention of the courts and mean a good thing financially for the lawyers for some time to come.