Culpeper National Bank - Culpeper, VA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 5591
Charter Number: 5591
Start Date: April 16, 1925
Location: Culpeper, Virginia (38.473, -77.997)

Metadata

Model: gpt-5-mini
Short Digest: 3808e6f5

Response Measures

None

Description

Article (April 16, 1925) describes the 'newly re-organized' Culpeper National Bank and refers to improvements 'since the bank reopened.' No mention of a depositor run; therefore this is classified as a prior suspension/reorganization with reopening (suspension_reopening). The original suspension/closure date and cause are not given in the article.

Events (3)

1. October 3, 1900 Chartered

Source: historical_nic

2. April 16, 1925 Reopening

Newspaper Excerpt: Many persons will be especially Interested in the statement of the lewly re-organized Culpeper Nationbank. ... since the bank reopened overdrafts have been decreased $3,170.19.
Source: newspapers

3. * Suspension

Cause Details: Bank had previously closed and was reorganized; article does not state why or when the suspension occurred.
Newspaper Excerpt: the newly re-organized Culpeper National bank ... since the bank reopened
Source: newspapers

Newspaper Articles (1)

1. April 16, 1925 Culpeper Star-Exponent Culpeper, VA

Article from Culpeper Star-Exponent, April 16, 1925

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Article Text

CULPEPER NATIONAL MAKING GOOD PROGRESS Statements of All Banks of This County Published in Today's Star. On page 11 of this issue of The Star can be found the financial statements of the three banks of Culpeper county. All three institutions in thriving condition. Many persons will be especially Interested in the statement of the lewly re-organized Culpeper Nationbank. Th statement shows that deposits have only decreased about $30,000, which is seasonal. The rediscounts of the institution have been reduced apbroximately 232,000, and the reserve with the ederal Reserve bank has always kept up to the required figure. undivided profits account and eserve for losses have been increased $11,679.92 since the bank reopened overdrafts have been decreased $3,170.19. Another item on the credit side of ledger is that the bank building furniture and fixtures are now falued at $34,702.27, which is $12,106 less than the figure at which they were carried when the bank Harold Brown, the young but "allusiness" cashier, stated yesterday that all slow loans are being liquidated as fast as practicable, and every new loan is being carefully investigated before being made The progress being made by the Supper National was highly praised week by an official of the FedReserve.