Bank of Sedley - Sedley, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 9, 1928
Location: Sedley, Virginia (36.776, -76.984)

Metadata

Model: gpt-5-mini
Short Digest: 7aa47eba

Response Measures

None

Description

Article (Kingsport Times, 1928-01-09) reports the Bank of Sedley in Sedley, Southampton County, Va., has suspended operations following a state examiner's investigation and may pass into receivership. No run is mentioned; suspension appears driven by state examiner/government action and likely leads to closure/receivership.

Events (1)

1. January 9, 1928 Suspension

Cause: Government Action
Cause Details: State Examiner Bristow of Richmond had been investigating the bank for several days; bank closed following his visit and investigation; may be placed in receivership next day.
Newspaper Excerpt: Bank of Sedley at Sedley, Southampton County, has suspended at least temporarily, and may pass into the hands of receivership tomorrow, pending the action of mass meeting to be held there tonight.
Source: newspapers

Newspaper Articles (1)

1. January 9, 1928 Kingsport Times Kingsport, TN

Article from Kingsport Times, January 9, 1928

Click image to open full size in new tab

Article Text

BANK SUSPENDED SUFFOLK, Va., Jan. (AP) Bank of Sedley at Sedley, Southampton County, has suspendat least temporarily, and may pass into the hands of receivership tomorrow, pending the action of mass meeting to be held there tonight, it was learned here today. The closing of the bank followed visit of State Examiner Bristow of Richmond who has been investigating the affairs of the bank for several days.