20211. Farmers Bank (Travelers Rest, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 2, 1932
Location
Travelers Rest, South Carolina (34.968, -82.443)

Metadata

Model
gpt-5-mini
Short Digest
67e9d54c

Response Measures

None

Description

No article describes depositor runs or heavy withdrawals. Newspaper notices (Feb 1932) call for filing claims against Farmers Bank of Travelers Rest and a March 1932 article reports Hopkins named receiver, replacing Cox, with allegations that cashier and assistant cashier were indebted. This indicates the bank suspended operations and went into receivership (closure). I corrected dates by using the Feb. 2, 1932 order referenced in the claims notice and the Mar. 4, 1932 publication date for the receivership report.

Events (2)

1. February 2, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Court order to creditors to file claims after bank impaired; later reporting that cashier and assistant cashier were indebted, indicating internal insolvency/irregularities
Newspaper Excerpt
claims against Farmers Bank of Travelers Rest are required to file ... signed within ninety ($0) days from the date of said order
Source
newspapers
2. March 4, 1932 Receivership
Newspaper Excerpt
HOPKINS NAMED RECEIVER ... Hopkins, receiver of the Citizens Bank of Taylors, been received for the Farmers Bank Travelers Rest. succeeding Cox, who asked to be relieved as receiver ... petitioner discovered that both the cashier and the assistant cashier of the bank were indebted ... that someone other than your petitioner should be in charge of the liquidation of the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Greenville News, March 4, 1932

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Article Text

ED MORRIS CO, Earle street section. Small County, South Carolina, dated Feb- Boston Red Sox Pitcher FaTime-3c Word. DOGS AND PETS down payment, balance like ruary 2, 1932, all persons having at per cent. Telephone 1973-W. tally Stabbed At Fish Fry or More Times 2c Word. claims against Farmers Bank of IMPORTED CANARIES Rollers, This Size Type Travelers Rest are required to file In His Honor Choppers, English. All care- SPECIAL NOTICE signed within ninety ($0) days from Time-5c Word. MISCELI NOTICES CENTURY, Fla., Mar. Main street, City. the date of said order, after which Gaping wounds knife that was 3 Word. DANCE STUDIO date said claims will be barred. plunged into Big Ed Morris' chest 10 Or More Times-3c MERCHANDISE during fight at fish fry given Teaching children, small as three This notice is directed to creditors Word. his honor Monday night caused years. Class and private lessons. of the bank other than depositors, Above Rates Apply the death the pitcher Teaching young ladies and FOR SALE MISCELLANEOUS who are not required to file proofs for the Red Sox here today Consecutive Days Only kind of dancing. charge per word is of claim, as they will be paid on the Soon after his death, Joe White FOR Kolster Elec- MISS TENNESSEE STANTON Thanks gasoline Brewtric Reproducing Phonograph, basis of the books of the bank withPhone 3504-J Mills Avenue and Tributes of Respect. Key- ton, Ala. was arrested and charged plifier and reproducer out formal proof. confi- murder are strictly Owner at big HAPPIEST WOMAN-In Georgia. dential Notify immediately COX, Witness said he and the pitcher sacrifice. Telephone 2180. am free from morphine after using an error made, the engaged an argument the Receiver. years. Write me for office party that was intended as fareHOUSEHOLD GOODS free all Mrs. Travelers Rest, S. C., sponsible only one incor- well Morris on the of his deDriver, 942 Crew street, S. W., Atinsertion. Discontinu- February 12, 1932. parture for the Red Sox training OIL STOVES lanta, Ga. ances must be made in person camp Ga. Morris New Perfection New Process letter. Telephone dis- FINAL SETTLEMENT knocked the gasoline down Every burner guaranteed, BEAUTIFY YOUR LAWN STATE OF CAROLINA, and then tripped and As Stoves, Electric Stoves, to classify, OF ground, the witness said Coal Easy Have your lawn mower sharpened reject Want White stabbed him twice. The knife PIEDMONT by THE COURT OF PROBATE. Ads. are payable in advance. blade barely missed his Store Fixture Notice hereby given that Ida For your convenience we Coffee 1811 KEEVER BICYCLE SHOP Kate Babb, of the Morris was brought to hospital St. Phone accept Ad. and send messen- estate Richard Columbus Morri- here and first doctors gave him and Lock Work Specialty" ger boy for RADIO an even chance to recover con113 Buncombe Street Phone 1300 son, deceased has this day made COOPERATE WITH US dition took turn for the worse last application me final All advertising appearing in EATTERY RADIO Bargains. RCA night. however, and the doctors BOWLING Fine counting and discharge administhe Greenville Piedmont Victor radios re- sorted oxygen today in efforts tratrix estate Richard CoHealth Center Alleys. Prizes columns censored paired. Byrum Music Co. prolong his Morrison and the 29th day with the intent eliminate every day. 23 Laurens Street. March 1932 o'clock Flomaton. Ala., across fraudulent copy and The fixed for the hearing of said the line from this city. He RENTS AND BOARDS NOTICE to our friends and News Piedmont will appre- petition. survived by his widow and two clate information from customers, we will furnish persons holding claims against children and his mother. who readers that will help in forsaid estate are hereby notified to sides Forshee, Ala., his birthplace. FURNISHED ROOMS skilled plumbers to do your repairs at 75c per hour cash. FOR furnished room. The cost of living in Germany D. Jack Goodwin, Phone 490. Judge of Probate for Greenville the close 1931 was relatively Apply Rutherford street. TelePHONE 3800 1887. County, higher than in any other European phone MEDICAL AID February 24, 1932. country.


Article from The Greenville News, March 4, 1932

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Article Text

HOPKINS NAMED RECEIVER W. Cox Replaced As Receiver Of Travelers Rest Bank At Own Request Hopkins. receiver of the Citizens Bank of Taylors, been received for the Farmers Bank Travelers Rest. succeeding Cox, who asked to be lieved position according papers office Clerk Court Christenberry Order the receivership signed Judge Sease instead Judge Dewey Oxner. of the latter voluntary disqualified himself the particular cause. Judge Oxner notation mentioned that he did not feel himself disqualified generally the himself the because for payment $150 Stephen Nettles Judge former law partner for legal In his petition that he be relieved of duties Mr Cox, who was appointed on February made the statement "That after taking charge that the bank were rather condition that would properly to go with without employing the services someone had had considerable experience bank matters That petitioner discovered that both the cashier and the assistant cashier of the bank were indebted both said officers are related blood or marriage your the dethe bank began press opinion that someone other than your petitioner should be charge of the liquidation of the Hopkins an affidavit mentioned familiar and experienced handling banking affairs that he had been assisting Mr. Cox with his duties.