Cumberland Bank - Cumberland, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 17, 1932
Location: Cumberland, Virginia (37.496, -78.245)

Metadata

Model: gpt-5-mini
Short Digest: 511915d5

Response Measures

None

Description

Article is a receiver's notice (June 17, 1932) indicating the Cumberland Bank is in receivership. No article text describes a prior depositor run; evidence shows the bank has been placed in receivership (government action) and will be closed. Classified as suspension_closure (suspension leading to closure/receivership) because a receiver is appointed and no reopening is indicated.

Events (3)

1. June 17, 1932 Receivership

Newspaper Excerpt: W. R. PARKER, Receiver ... I will therefore be at the Cumberland Bank on July 5th, August 3 and Sept. 2 ... for the convenience of the people, and will not be there on Wednesday as heretofore. - W. R. Parker, Receiver,cause:null,
Source: newspapers

2. June 17, 1932 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; payments/operations suspended under receiver control (notice of receiver presence and hours).
Newspaper Excerpt: Cumberland Bank Receiver's Notice
Source: newspapers

3. * Other

Newspaper Excerpt: Trying to keep expenses at a minimum the undersigned has arranged to make all notes due the Cumberland Bank mature at or about the same time which will necessitate his being at Cumberland only once month.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1932 The Farmville Herald Farmville, VA

Article from The Farmville Herald, June 17, 1932

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Article Text

Cumberland Bank Receiver's Notice Trying to keep expenses at a minimum the undersigned has arranged to make all notes due the Cumberland Bank mature at or about the same time which will necessitate his being at Cumberland only once month. I will therefore be at the Cumberland Bank on July 5th, August 3 and Sept. 2 from to 5 p. m. for the convenience of the people, and will not be there on Wednesday as heretofore. W. R. PARKER, Receiver It