21545. Dickenson County Bank (Clintwood, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 24, 1948
Location
Clintwood, Virginia (37.150, -82.456)

Metadata

Model
gpt-5-mini
Short Digest
5d7e3c78

Response Measures

None

Description

Newspapers (Feb 1949) show the Dickenson County Bank is closed, receivers appointed and assets ordered sold pursuant to a decree entered 1948-11-24 in State Corporation Commission vs. Dickenson County Bank, Inc. No article describes a depositor run. OCR typos corrected (e.g., Novernber -> November).

Events (3)
1. November 24, 1948 Receivership
Newspaper Excerpt
WALTER LEE RUSH and E. J. SUTHERLAND, Receivers of Dickenson County Bank, Inc.
Source
newspapers
2. November 24, 1948 Suspension
Cause
Government Action
Cause Details
Suit by State Corporation Commission led to court decree ordering the bank closed; receivers appointed thereafter.
Newspaper Excerpt
decree entered on the 24th day of November, 1948 ... in the suit of State Corporation Commission vs. Dickenson County Bank, Inc.
Source
newspapers
3. March 12, 1949 Other
Newspaper Excerpt
at 1:00 P. M. SATURDAY, MARCH 12, 1949 all the assets of the said closed Dickenson County Bank remaining in the hands of said receivers. The said assets will be offered for sale to the highest bidder ...
Source
newspapers

Newspaper Articles (5)
1. February 10, 1949 Dickenson County Herald Clintwood, VA
Article from Dickenson County Herald, February 10, 1949

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Article Text

inafter. 2. TANGIBLE PERSONAL PROP ERTY: (a) 1 old Burroughs ad ding machine, now in office of Walter Lee Rush; and, (b) 1 legal size filing cabinet, now in the office of E. J. Sutherland. Each article to be offered for sale separately at first; then as a whole; for cash in hand. 3. JUDGMENTS AND DEEDS OF TRUST: To be divided into four equal parts by number, or as nearly equal as possible, tak en in the order as listed in the report of Commissioner Pobst, and each of said four parts to be offered for sale separately at first; then as a whole; on the terms shown hereinafter. (NOTE: If the highest bid for the whole in the three groups above does not exceed the sum of the highest separate bids, the highest separte bids will be accepted.) 4. NOTES NOT REDUCED TO JUDGMENT: To be offered for sale in bulk as listed by Commissioner Pobst for cash in hand. 5. ALL OTHER ASSETS: To be sold in bulk for cash in hand. All sales of said assets shall be subject to the approval or disapproval of the said Circuit Court. TERMS OF SALE: The terms of sale of the real estate, and judgments and deeds of trust (groubs 1 and 3 above) shall be: Cash in hand for one fourth (1-4) of the purchase price, and the balance of purchase price to be due and payable in three equal instalments in six (..), twelve (12), and eighteen (18) months from the date of sale, to be represented by three negotiable notes of equal amounts with approved security, due and payable as aforesaid with interest from the date of sale, and containing waiver of homestead exemptions; or said purchase price may be paid in cash on day of sale, or anticipated thereafter at the option of the purchaser. The terms of sale of all items not in Groups 1 and 3 above shall be for cash in hand on day of sale. Copies of the list of judgments will be available to the public in the Clerk's Office of Dickenson County, Virginia, and in the offices of Walter Lee Rush and E. J. Sutherland in Clintwood, Virginia. List of notes not reduced to judgment will be available to the public in the said office of E. J. Sutherland. For further information write or see either Walter Lee Rush or E. J. Sutherland, Receivers, Clintwood, Virginia. WALTER LEE RUSH and E. J. SUTHERLAND, Receivers of Dickenson County Bank, Inc. (2tc 2-10-49)

2. February 10, 1949 Dickenson County Herald Clintwood, VA
Article from Dickenson County Herald, February 10, 1949

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Article Text

CLINTWOOD, VIRGINIA at 1:00 P. M. SATURDAY, MARCH 12, 1949 all the assets of the said closed Dickenson County Bank remaining in the hands of said receivers. The said assets will be offered for sale to the highest bidder in the following manner: 1. REAL ESTATE: (a) 20 acres on Wolfpen Branch of Pound River, formerly owned by E. B. Chase; (b) 13 acres on Honey Camp Branch of Cranesnest River, formerly belonging to W. M. Lambert; and (c) 43 acres on Tilda Anderson Branch of Russell Fork River, formerly belonging to Frances Childress. Each tract to be offered for sale separately at first; then as a whole; on the terms shown here-

3. February 17, 1949 Dickenson County Herald Clintwood, VA
Article from Dickenson County Herald, February 17, 1949

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Article Text

CLINTWOOD, VIRGINIA at 1:00 P. M. SATURDAY, MARCH 12, 1949 all the assets of the said closed Dickenson County Bank remaining in the hands of said receivers. The said assets will be offered for sale to the highest bidder in the following manner: 1. REAL ESTATE: (a) 20 acres on Wolfpen Branch of Pound River, formerly owned by E. B. Chase; (b) 13 acres on Honey Camp Branch of Cranesnest River, formerly belonging to W. M. Lambert; and (c) 43 acres on Tilda Anderson Branch of Russell Fork River, formerly belonging to Frances Childress. Each tract to be offered for sale separately at first; then as a whole; on the terms shown hereinafter. 2. TANGIBLE PERSONAL PROP ERTY: (a) 1 old Burroughs ad ding machine, now in office of Walter Lee Rush; and, (b) 1 legal size filing cabinet, now in the office of E. J. Sutherland. Each article to be offered for sale separately at first; then as a whole; for cash in hand. 3. JUDGMENTS AND DEEDS OF TRUST: To be divided into four equal parts by number, or as nearly equal as possible, tak en in the order as listed in the report of Commissioner Pobst, and each of said four parts to be offered for sale separately at first; then as a whole; on the terms shown hereinafter. (NOTE: If the highest bid for the whole in the three groups above does not exceed the sum of the highest separate bids, the highest separte bids will be accepted.) 4. NOTES NOT REDUCED TO JUDGMENT: To be offered for sale in bulk as listed by Commissioner Pobst for cash in hand. 5. ALL OTHER ASSETS: To be sold in buik for cash in hand. All sales of said assets shall be subject to the approval or disapproval of the said Circuit Court. TERMS OF SALE: The terms of sale of the real estate, and judgments and deeds of trust (groups 1 and 3 above) shall be: Cash in hand for one fourth (I-4) of the purchase price, and the balance of purchase price to be due and payable in three equal instalments in six (..), twelve (12), and eighteen (18) months from the date of sale, to be represented by three negotiable notes of equal amounts with approved security, due and payable as aforesaid with interest from the date of sale, and containing waiver of homestead exemptions; or said purchase price may be paid in cash on day of sale, or anticipated thereafter at the option of the purchaser. The terms of sale of all items not in Groups 1 and 3 above shall be for cash in hand on day of sale. Copies of the list of judgments will be available to the public in the Clerk's Office of Dickenson County, Virginia, and in the offices of Walter Lee Rush and E. J. Sutherland in Clintwood, Virginia. List of notes not reduced to judgment will be available to the public in the said office of E. J. Sutherland. For further information write or see either Walter Lee Rush or E. J. Sutherland, Receivers, Clintwood, Virginia. WALTER LEE RUSH and E. J. SUTHERLAND, Receivers of Dickenson County Bank, Inc. (2tc 2-10-49)

4. February 17, 1949 Dickenson County Herald Clintwood, VA
Article from Dickenson County Herald, February 17, 1949

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Article Text

Notice BANK ASSETS FOR SALE To The General Public: Under authority and direction of the provisions of a decree entered on the 24th day of Novernber, 1948, (COB 13, page 253), in the suit of State Corporation Commission vs. Dickenson County Bank, Inc., now pending in the Circuit Court of Dickenson Coun ty, Virginia, the undersigned receivers of said Dickenson County Bank will offer for sale at public auction at the front door of the court house in

5. February 17, 1949 Dickenson County Herald Clintwood, VA
Article from Dickenson County Herald, February 17, 1949

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Article Text

all the assets of the said closed Dickenson County Bank remaining in the hands of said receivers. The said assets will be offered for sale to the highest bidder in the following manner: