21640. Bedford County Bank (Montvale, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 10, 1930
Location
Montvale, Virginia (37.385, -79.731)

Metadata

Model
gpt-5-mini
Short Digest
12d72c39

Response Measures

None

Description

Contemporary articles (Richmond Times-Dispatch 1930-12-12 and reprints) report the Bedford County Bank, Montvale, failed to open its doors and a receiver (Landon Lowry) was appointed. No article describes a depositor run prior to suspension. Receiver appointment indicates closure by court action.

Events (1)
1. December 10, 1930 Suspension
Cause
Government Action
Cause Details
Circuit court appointed Landon Lowry as receiver after the bank failed to open its doors; bank closed and receiver named.
Newspaper Excerpt
Landon Lowry of Bedford County was receiver for the Bedford County Bank Montvale which failed on Wednesday to open its doors ... Receiver Named for Bank. ... was pointed yesterday for the Bedford County Montvale This bank closed its doors Wednesday
Source
newspapers

Newspaper Articles (5)
1. December 12, 1930 Richmond Times-Dispatch Richmond, VA
Article from Richmond Times-Dispatch, December 12, 1930

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Article Text

Man Freed From Institution in Which He Had Never Been STAUNTON Dec though he had never within its gates Painter Page County secured his from the Western State Hospital here through corpus before Judge Richard Ker in Corporation Court here Painter's action was against Sheriff E. Lucas Page County and Dr the State While he had been committed to hospital was revealed that the man had never shown up at the institution Receiver Named for Bank. BEDFORD Dec of the firm of Lowry and was pointed yesterday for the Bedford County Montvale This bank closed its doors Wednesday

2. December 12, 1930 Richmond Times-Dispatch Richmond, VA
Article from Richmond Times-Dispatch, December 12, 1930

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Article Text

Landon Lowry Named County Bank Receiver Landon Lowry of Bedford County was receiver for the Bedford County Bank Montvale which failed on Wednesday to open its doors and said yesterday The bank was capitalized at

3. May 29, 1931 The Cozad Local Cozad, NE
Article from The Cozad Local, May 29, 1931

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Article Text

MONTVALE BANK RECEIVER Landon Lowry, Bedford Attorney, Is Appointed by Circuit Court Dec. 10 was appointed today by circuit receiver the Bedford County Bank at MontThis bank closed its doors Wednesday. Richmond, Dec. BrisState announced today that the Bedford County Bank, Montvale, had closed for business, as receiver had been appointed for the Mr. Bristow said, effort was being made by Ritchie, the office, vestigating the status of the bank to for The bank was capitalized at $20,000. Price was president and Caldwell, cashier. Bristow said in the absence of detailed report from Mr. Ritchie, he for bank's condition, except prevailing business conditions The Montvale the first Bedford county bank close its in recent years, the commissioner said.

4. September 4, 1931 The Diller Record Diller, NE
Article from The Diller Record, September 4, 1931

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Article Text

Man Freed From Institution in Which He Had Never Been STAUNTON Dec though he had never within its gates Painter Page County secured his from the Western State Hospital here through corpus before Judge Richard Ker in Corporation Court here Painter's action was against Sheriff E. Lucas Page County and Dr the State While he had been committed to hospital was revealed that the man had never shown up at the institution Receiver Named for Bank. BEDFORD Dec of the firm of Lowry and was pointed yesterday for the Bedford County Montvale This bank closed its doors Wednesday

5. October 8, 1931 The Alliance News Alliance, NE
Article from The Alliance News, October 8, 1931

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Article Text

MONTVALE BANK RECEIVER Landon Lowry, Bedford Attorney, Is Appointed by Circuit Court Dec. 10 was appointed today by circuit receiver the Bedford County Bank at MontThis bank closed its doors Wednesday. Richmond, Dec. BrisState announced today that the Bedford County Bank, Montvale, had closed for business, as receiver had been appointed for the Mr. Bristow said, effort was being made by Ritchie, the office, vestigating the status of the bank to for The bank was capitalized at $20,000. Price was president and Caldwell, cashier. Bristow said in the absence of detailed report from Mr. Ritchie, he for bank's condition, except prevailing business conditions The Montvale the first Bedford county bank close its in recent years, the commissioner said.