20235. Peoples Bank & Trust Company (York, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
February 9, 1927
Location
York, South Carolina (34.994, -81.242)

Metadata

Model
gpt-5-mini
Short Digest
62b5f5ee

Response Measures

None

Description

The Peoples Bank and Trust Company of York, SC closed in February 1927 and was placed under the state bank examiner's control; a new First National Bank of York was organized to take the place of the defunct institution and likely act as receiver. No article describes a depositor run prior to suspension, so this is a suspension leading to permanent closure/receivership.

Events (3)
1. February 9, 1927 Suspension
Cause
Government Action
Cause Details
State bank examiner (C. M. Fuller) placed the bank under his charge after it closed its doors; closure appears to be regulatory/official action.
Newspaper Excerpt
the Peoples Bank and Trust company, whether there will be reorganization or liquidation will likely be decided at a stockholders' meeting called for February 16. The call for the meeting has been issued by C. M. Fuller, assistant to the state bank examiner, who has been in charge of the bank's affairs since it closed its doors Wednesady morning.
Source
newspapers
2. March 10, 1927 Receivership
Newspaper Excerpt
First National Bank York has been organized take the place the Peoples Bank and Trust company which was closed some time announced that the new bank will likely act as ceiver for the old institution.
Source
newspapers
3. January 4, 1930 Other
Newspaper Excerpt
the defunct Peoples Bank and Trust Company of York. Perry, who visiting Perry, not discussed the situation with business but has this York people bank and will give tangible assurtheir support, the bank will most likely according Perry. He expects to thoroughly the situation fore proceeding farther with Mr. Perry has had considerable banking formthe Bank of Ridgeand present the board of directors of that York has had but one banking institution, the Loan Savings since the failure of Peoples Bank Trust Company three ago.
Source
newspapers

Newspaper Articles (3)
1. February 12, 1927 The Herald Rock Hill, SC
Article from The Herald, February 12, 1927

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Article Text

To Decide Future of York Bank at Meeting Feb. 16th York, Feb. 12. (By Herald Correspondent) The future of the Peoples Bank and Trust company, whether there will be reorganization or liquidation will likely be decided at a stockholders' meeting called for February 16. The call for the meeting has been issued by C. M. Fuller, assistant to the state bank examiner, who has been in charge of the bank's affairs since it closed its doors Wednesady morning. The axact condition of the bank will be stated in detail to the stockholders at this meeting and they will then be in position to decide what action should be taken.

2. March 10, 1927 The Columbia Record Columbia, SC
Article from The Columbia Record, March 10, 1927

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Article Text

Late Items of Interest From South Carolina Points SPRINGFIELD The following have been sworn into office serve the town of Springfield for the next year: Gleaton, mayNorthrop, Jr., Bridgers, H. T. Boland, and Dr. John R. Dodd, aldermen. The chief police and other officials be named by the council at later meeting Ulmer has been reelected mayor of Elloree have the members the town Clayton, Zeigler, E. Gasque, and Jacobs. Barr again town clerk and Livingston as marshal. W. Williamson has been elected mayor of Norway. Wardens named W. R. Kirkland, G. Galphin and Phin, with second race tween E. A. Davis and F. Bizzell. The Wofford R. rifle team will send team to the National intercollegiate contest during the period of March 16 to April Wofford team has tied University of Georgia for second the Fourth Corps area intercollegiate gallery case of the state against Jerry, Claude and Charlie Hester, murconnection the death Ed. Thackston, be called first on the docket of the court general which convenes Greenville next Monday, according to announcement made this week. First National Bank York has been organized take the place the Peoples Bank and Trust company which was closed some time announced that the new bank will likely act as ceiver for the old institution. K. Richwine was painfully, but seriously injured Tuesday the car in which riding overturned near CHARLESTON Beating their way through swamps bushes about the Huger section, Berkeley Federal Agents McKnight Woodberry seized still before daybreak No found the plant, the officers having arrived little too late but indicated that some one might have been there short while before. the warm when seized. CHARLESTON Police detectives are searching for Samuel Loven, to have run amuck Tuesday night with knife, slashing four persons, one his wife, Fortunately victims none badly cut but all required pital for their wounds They are: Loven, RivVeci Rivers all of No. 456 Meeting street. Joe Wilhoit, while playing with Wichita League 1919, ord by hitting safely in 69 consecutive games.

3. January 4, 1930 The Gaffney Ledger Gaffney, SC
Article from The Gaffney Ledger, January 4, 1930

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Article Text

BANK AT TO CITIZENS New Institution Likely to Materialize if Support is Assured. York, Jan. not York have bank pends the attitude toward the projected enterprise of York people themselves, according to Perry, of Ridgeland, purchaser recent sale of the building and fixtures the defunct Peoples Bank and Trust Company of York. Perry, who visiting Perry, not discussed the situation with business but has this York people bank and will give tangible assurtheir support, the bank will most likely according Perry. He expects to thoroughly the situation fore proceeding farther with Mr. Perry has had considerable banking formthe Bank of Ridgeand present the board of directors of that York has had but one banking institution, the Loan Savings since the failure of Peoples Bank Trust Company three ago. The general opinion seems be there amroom for another bank. Fort Clover and three county towns that are than have two banks each.