Bank of Quantico - Quantico, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 21, 1923
Location: Quantico, Virginia (38.522, -77.294)

Metadata

Model: gpt-5-mini
Short Digest: a549cb4e

Response Measures

None

Description

Articles report appointment of an ancillary receiver for the Bank of Quantico (June 21, 1923) and subsequent receivership court proceedings in 1924. No article mentions a depositor run prior to suspension; the bank entered receivership and remained in court liquidation. Bank type not specified in articles.

Events (2)

1. June 21, 1923 Receivership

Newspaper Excerpt: Chief Justice McCoy of the District Supreme Court today appointed W. J. Ford of Fredericksburg, Va., ancillary receiver for the Bank of Quantico and fixed his bond at $50,000, making a total of $100,000 including the amount fixed for the receiver by the Virginia court.
Source: newspapers

2. June 28, 1924 Other

Newspaper Excerpt: This cause being referred to the auditor to ascertain and report to the court the claims of all creditors of the Bank of Quantico, Incorporated... I will proceed with said reference on Monday, July 7, 1924... at which time and place all creditors of the Bank of Quantico, Incorporated will appear and present their claims.
Source: newspapers

Newspaper Articles (4)

1. June 21, 1923 The Washington Times Washington, DC

Article from The Washington Times, June 21, 1923

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Article Text

RECEIVER IS APPOINTED FOR QUANTICO, VA., BANK Chief Justice McCoy of the District Supreme Court today appointed W. J. Ford of Fredericksburg, Va., ancillary receiver for the Bank of Quantico and fixed his bond at $50,000, making a total of $100,000 including the amount fixed for the receiver by the Virginia vourt. The bank has no creditors in the District, the court is told, but has assets here consisting of $48,412.34 in cash, on deposit at the Commercial National Bank.

2. June 21, 1923 Evening Star Washington, DC

Article from Evening Star, June 21, 1923

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Article Text

BANK RECEIVER NAMED. W.J. Ford Designated for Institution at Quantico, Va. Chief Justice McCoy of the District Supreme Court today appointed W. J. Ford of Fredericksburg, Va., as ancillary receiver of the Bank of Quantico, which is in financial troubles in the courts of Virginia. The bank has no creditors in Washington, ft was stated, but the receivership is made necessary because the bank had on deposit with the Commercial National Bank of this city $48,412.34.

3. August 30, 1923 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, August 30, 1923

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Article Text

# Bankruptcy Petition GREENSBORO, N. C., Aug. 28.- Petition declaring that J. D. Norwood, of Salisbury, prominent in business and state political circles, is bankrupt and is unable to meet certain obligations, was filed in federal court here Monday by H. Kemper, of Galveston, Texas; W. J. Ford, receiver of the Bank of Quantico, Quantico, Va., and S. A. Patterson, of Richmond. The petition filed claims against the Salisbury man totaling $30,711.48.

4. June 28, 1924 Evening Star Washington, DC

Article from Evening Star, June 28, 1924

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Article Text

MESSRS. PEELLE & OGILBY, Attorneys. IN THE SUPREME COURT OF THE DIStrict of Columbia. - In re: Receivership Bank of Quantico. Incorporated.-Equity No. 41417. - This cause being referred to the auditor to ascertain and report to the court the claims of all creditors of the Bank of Quantico, Incorporated, which may be proved before him and which have not been satisfied. notice is hereby given that I will proceed with said reference on Monday. July 7. 1924, at 10:30 o'clock a.m., at the auditor's room in the United States courthouse. at which time and place all creditors of the Bank of Quantico. Incorporated. will appear and present their claims with the proof thereof. ju 14.21.28 HERBERT L. DAVIS, Auditor.