Bank of Crozet - Crozet, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 23, 1932
Location: Crozet, Virginia (38.070, -78.701)

Metadata

Model: gpt-5-mini
Short Digest: 33594af7

Response Measures

None

Description

Article (The Daily Progress, 1932-09-23) describes the bank as defunct with a receiver (Mr. Copenhaver) suing directors for failure to protect depositors. No mention of a depositor run in the text; the bank is effectively closed and in receivership. Date of events taken as the article date when receiver actions are reported.

Events (2)

1. September 23, 1932 Receivership

Newspaper Excerpt: Mr Copenhaver, in receiver, is also suing ... suit has been filed in the Circuit Court ... the defunct ... receiver ... has issued process returnable on Oct. ... failure to protect depositors alleged against directors . ?
Source: newspapers

2. September 23, 1932 Suspension

Cause: Government Action
Cause Details: Bank is defunct and a receiver (Mr. Copenhaver) has been appointed; receiver has filed suit against directors for failure to protect depositors.
Newspaper Excerpt: the defunct Copenhaver, local Edwin in his as receiver ... suit has been filed in the Circuit Court ... Mr Copenhaver, in receiver, is also suing ...
Source: newspapers

Newspaper Articles (1)

1. September 23, 1932 The Daily Progress Charlottesville, VA

Article from The Daily Progress, September 23, 1932

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Article Text

SUES DIRECTORS PLAY CROZET On Oklahoma President DisBrings Action Receiver While On BusiAlleged Failure to Pro- appears ness Mission tect Depositors motion has been filNotice of the clerk of ed in the Court of suit be the Circuit the directors of brought against Bank of Crozet the defunct Copenhaver, local Edwin in his as receivtorney, due to The bill of complaint Until that be filed Mr Copenhaver said ne time what amounts will could not tell be H Walsh, leading attorney said today that suit the case, based the allegation will be that the directors were guilty of "failure to protect depostitors in of the bank's the management Other lawyers in the case will be Munford Boyd, and Waddell Allen, Directors Involved directors of the bank The four are: Curtis and Charles Jones, Zirkle, Page. Mr. Copenhaver, in receiver, is also suing city notes owed seven individuals on the bank They are Comb, William M McComb. Garrison, AndK. McLeod, rew Clark, and K. Howdyshell. said that suit Mr. Copenhaver been instituted against has issued returnable on process Oct. be handled cases will These Munford Boyd ty