Second Street Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 10, 1926
Location: Richmond, Virginia (37.554, -77.460)

Metadata

Model: gpt-5-mini
Short Digest: e109318a

Response Measures

None

Description

Article (Richmond Planet, 1926-07-10) refers to receivers and disputes over claims against the bank, indicating the bank was in receivership/closed. No mention of a depositor run. Cause inferred as bank-specific adverse information (internal claims, indebtedness, and disputed accounts).

Events (2)

1. July 10, 1926 Receivership

Newspaper Excerpt: He was requested by us and by the receivers to present an itemized statement... John T. Taylor, president of the Second Street Savings Bank, ... members of the Board of Directors as authorities for his statement.
Source: newspapers

2. July 10, 1926 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Receivers were appointed and disputes over large claims and indebtedness (Pollard owing $3,580.97) indicate internal solvency/claims problems leading to suspension.
Newspaper Excerpt: He was requested by us and by the receivers to present an itemized statement... The total amount due the bank by Pollard is $3,580.97.
Source: newspapers

Newspaper Articles (1)

1. July 10, 1926 Richmond Planet Richmond, VA

Article from Richmond Planet, July 10, 1926

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Article Text

No Itemized Statement. He was requested by us and by the receivers to present an itemized statement of his claims, but he failed to do SO. He informed us, however, that he did not owe the bank anything, but that on the other hand, the bank had been indebted to him for several years in an amount in excess of $2,000 and still was so indebted. The total amount due the bank by Pollard is $3,580.97. Mr. Mitchell denied that he had made any such agreement with Pollard or that Pollard had ever presented or charged either to him or the Board of Directors any bill for legal services. He named D. P. Bragg. real estate dealer, J. Mercer G. Ramsey, dentist; A. A. Tennant, physician; R. W. Whiting, brick contractor; John T. Taylor, president of the Second Street Savings Bank. and secretary of the Richmond Beneficial Insurance Co., members of the Board of Directors as authorities for his statement.