Bank of New Castle - New Castle, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 23, 1917
Location: New Castle, Virginia (37.500, -80.111)

Metadata

Model: gpt-5-mini
Short Digest: ebfafc63

Response Measures

None

Description

State bank examiners closed the Bank of New Castle (dateline March 23, 1917) and a receiver was to be appointed after finding a ~$30,000 discrepancy and the cashier absent. No run is mentioned; closure was by government action leading to receivership.

Events (2)

1. March 23, 1917 Receivership

Newspaper Excerpt: a receiver will be appointed at once to take charge of its affairs. A discrepancy of about $30,000 has been found. H. W. Yoder, cashier of the bank, left several days ago for New York.
Source: newspapers

2. March 23, 1917 Suspension

Cause: Government Action
Cause Details: State bank examiners ordered the bank closed after finding a discrepancy of about $30,000 and the cashier was absent.
Newspaper Excerpt: The doors of the Bank of Newcastle were closed to-day by State bank examiners. and a receiver will be appointed at once to take charge of its affairs.
Source: newspapers

Newspaper Articles (1)

1. March 30, 1917 Richmond Times-Dispatch Richmond, VA

Article from Richmond Times-Dispatch, March 30, 1917

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Article Text

IN ABSENCE OF CASHIER, NEWCASTLE BANK CLOSES State Examiners Order Action and ReReceiver WIII He Appointed-Large Discrepancy in Accounts. [Special to The Times-Dispateh.] NEWCASTLE, VA., March 23.-The doors of the Bank of Newcastle were closed to-day by State bank examiners. and a receiver will be appointed at once to take charge of its affairs. A discrepancy of about $30,000 has been found. H. W. Yoder, cashier of the bank, left several days ago for New York. The last seen or heard of Mr. Yoder was on last Monday at Eagle Rock, on his return from New York. Mr. Yoder has been suffering severely with his head and spine since he received a fall from a passenger train several months ago.