Article Text
The state bank examiner of Virginia 1 has just applied to Judge W. W. Moffett of the circuit court of Montgomery county for the appointment of a receiver for the Radford State 1 Bank.
21726. Radford State Bank (Radford, VA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- July 12, 1918
- Location
- Radford, Virginia (37.120, -80.557)
Metadata
- Model
- gpt-5-mini
- Short Digest
fd48a91c
Response Measures
None
Description
Articles report the state corporation commission ordered the bank closed on July 12, 1918 and the state bank examiner applied for a receiver after finding irregularities and impaired capital. No run or depositor panic is mentioned — this is a government-ordered suspension leading to receivership/closure.
Events (2)
1.
July 12, 1918
Suspension
- Cause
- Government Action
- Cause Details
- State corporation commission ordered the bank closed after examiner found irregularities and impaired capital; directors failed to correct irregularities.
- Newspaper Excerpt
- the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.
- Source
- newspapers
2.
July 14, 1918
Receivership
- Newspaper Excerpt
- this afternoon applied to Judge W. W. Moffett ... for the appointment of a receiver for the Radford State bank. The petition ... sets forth that an examination of the books of the bank has revealed irregularities ... that its capital has been impaired ... the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker ... .
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank In Bankruptcy. Roanoke, Va., July 14.-Acting under the direction of the state corporation commission. C. C. Barksdale, of Richmond, state bank examiner, this afternoon applied to Judge W. W. Moffett. of the circuit court of Montgomery county, for the appointment of a receiver for the Radford State bank. The petition, presented to Judge Moffett by R. Holman Willis, of this city. attorney for Examiner Barksdale, sets forth that an examination of the books of the bank has revealed irregularities in the conduct of the institution, that its capital has been impaired, and that the order of the corporation commission that the directors of the bank proceed forthwith to correct the irregularities has not been complied with. The petition further shows that the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.