21685. National Bank (Norton, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9746
Charter Number
9746
Start Date
March 24, 1931
Location
Norton, Virginia (36.933, -82.629)

Metadata

Model
gpt-5-mini
Short Digest
5cd20f87

Response Measures

None

Receivership Details

Depositor recovery rate
70.8%
Date receivership started
1931-03-31
Date receivership terminated
1938-09-30
Share of assets assessed as good
60.5%
Share of assets assessed as doubtful
32.2%
Share of assets assessed as worthless
7.2%

Description

Articles state the National Bank of Norton closed its doors on March 24 (1931) and the Comptroller of the Currency ordered Charles W. Green to take charge as receiver. No run is described; the bank was placed in receivership (government action) and appears defunct. Later articles describe the receiver pursuing litigation (Dec 19, 1931).

Events (5)

1. May 3, 1910 Chartered
Source
historical_nic
2. March 24, 1931 Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency ordered a receiver and the bank closed its doors on March 24, 1931.
Newspaper Excerpt
following the closing of its doors on March 24
Source
newspapers
3. March 31, 1931 Receivership
Source
historical_nic
4. April 7, 1931 Other
Newspaper Excerpt
Charles W. Green, of Martinsburg, W. Va., arrived in Norton Thursday to take charge of the National Bank as receiver, following the closing of its doors on March 24. Mr. Green was ordered here by the comptroller of the currency at Washington.
Source
newspapers
5. December 19, 1931 Receivership
Newspaper Excerpt
jury turned verdict for $12,500 in the suit of C. W. Green, receiver of the National Bank of Norton, against J. M. Yeary, of Norton
Source
newspapers

Newspaper Articles (4)

Article from The World-News, April 7, 1931

Click image to open full size in new tab

Article Text

provide him the opportunity for political comeback Bank Receiver Arrives In Norton Norton Charles W. Green, of Martinsburg. W. Va., arrived In Norton Thursday take charge of the National Bank as receiver. following the closing of its doors on March 24 Mr. Green ordered here the the currency He will be joined here by Mrs Green, has remained at Martinsburg Plans for reorganizing the bank or for opennew apparently have made ing headway the past Mr. Green has taken charge of the bank's books and all and will begin at once to collect on loans.


Article from The Roanoke Times, April 7, 1931

Click image to open full size in new tab

Article Text

Round About the Old Dominion Lake Coal to Move Soon Bluefield. Coal shipments to the lakes from mines served by the Norfolk and Western railway will be started the first of this week, It was officially learned Saturday. to advices short time ago that the annual movement of lake from this territory would delayed several weeks this spring, there is every indication that the starting of shipments will not be far behind the annual Richlands Teacher's Poems Published to the ranks of southwestern Virginia who are winning recognition Nell Porter Boggess, young school teacher, has recently had several poems published in the literary fortnightly, "The New Criterion." One Kind of Humor Clifton Forge.- -Mayor Wheeler let It be known Friday that he was victim of joyer on April Fool's Day when he group of friends telegram he had received late Wednesday afternoon. The dated at Fincastle and after reading through the salutation: "Hon. Frank Wheeler, Mayor. McCormick street, Clifton Forge, Va.,' the city chief executive found only two words: "April Fool." The missive was unsigned. The mayor thought the joke on the sender, who paid 30 cents for his bit of fun. Bank Receiver Arrives In Norton. Norton. -Charles of Martinsburg. W. Va., arrived in Norton Thursday to take charge the National Bank as receiver, following the closing of its doors on March 24. Mr. Green was ordered here by the comptroller of the currency at Washington He will be joined here shortly by Mrs. Green. at Plans for reorganizing the bank. or for opening new have made no headway the past week Mr. Green has taken charge of the bank's books and all records, and will begin at once to collect on loans. Recover Honaker Stamp Stock. Bristol.- stamp stock stolen from Honaker postoffice on the night of March 31, and stolen money order forms, have been recovered from barrel near the grandstand of the high building at Honaker, C. W. Fuller said Sunday. None of the stamps missing Loss from the robbery, with recovery of the stamps and possible recovery of checks and money orders by duplicates, will amount to $231.


Article from The World-News, December 19, 1931

Click image to open full size in new tab

Article Text

Bank Receiver Wins Big Suit Lynchburg, Dec. 19 jury in the federal turned verdict for $12,500 in the suit of C. W. Green, receiver of the National Bank of Norton, against J. M. Yeary, of Norton, the suit seeking to recover an assessment on the stock


Article from The Roanoke Times, December 19, 1931

Click image to open full size in new tab

Article Text

NORTON BANK RECEIVER WINS SUIT FOR $12,500 jury the turned the receiver the National Bank against Yeary, Norton, the seeking recover an assessment the stock owned the defendant in that bank defunct.