21729. Tidewater Bank (Reedville, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 10, 1913
Location
Reedville, Virginia (37.842, -76.276)

Metadata

Model
gpt-5-mini
Short Digest
311f837e

Response Measures

None

Description

Articles report the Tidewater Bank of Virginia, Inc. being placed in the hands of a receiver (appointment reported 1913-04-10) and later a receivers' announcement paying depositors 25 cents on the dollar (1913-09-06). There is no mention of a depositor run prior to suspension; bank was closed under receivership and did not reopen.

Events (2)

1. April 10, 1913 Receivership
Newspaper Excerpt
Judge T. R. S. Wright ... has appointed H. Gordon Blundon receiver of the Tidewater Bank of Virginia, Inc., of Reedville, Va.
Source
newspapers
2. September 6, 1913 Other
Newspaper Excerpt
The Tidewater Bank, of Reedville, which recently went into receivers' hands, will pay its depositors 25 cents on the dollar.
Source
newspapers

Newspaper Articles (2)

Article from The Richmond Virginian, April 11, 1913

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Article Text

NAMES BLUNDON RECEIVER FOR TIDEWATER BANK HEATHSVILLE. VA., April 10.Judge T. R. S. Wright, of the Twelfth judicial circuit of Virginia, has appointed H. Gordon Blundon receiver of the Tidewater Bank of Virginia, Inc., of Reedville, Va. According to the statement recently issued by Jno. A. Palmer, Jr., president of the bank, the stockholders and depositors of the bank will be paid up" in full.


Article from The Times Dispatch, September 7, 1913

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Article Text

WILL PAY DEPOSITORS 25 CENTS ON THE DOLLAR Announcement by Receivers of Tidewater Bank-Judge Wright Ends Vacation. [Special to The Times-Dispatch.] Heathsville, Va., September 6,-The Tidewater Bank, of Reedville, which recently went into receivers' hands, will pay its depositors 25 cents on the dollar. Judge T. R. B. Wright has returned from the first vacation he has taken since he went on the bench, which was twenty-one years ago, During this period, he has, with the exception of the month just ended, never missed a term of the Circuit Court in any of the counties in his district, a record probably unparalleled in the judicial history of the Commonwealth. This warm weather has been a boon to the fish factories, and they are doing well. Catches are very large, and all hands are kept busy. It is supposed the present successes will far more than balance the ill luck of the earlier season. The price of fish scrap and oil has advanced considerably. One large field of early fodder on the Cypress Farm was literally torn in shreds by a recent wind and hail storm. A. W. Davis, of Merry Point, caught the largest trout with hook and line seen around here. It weighed six pounds and four ounces.