Phoenix Bank of Nansemond

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 27, 1932
Location: Suffolk, Virginia (36.728, -76.584)

Metadata

Model: gpt-5-mini
Short Digest: 3ffd8b5c

Response Measures

None

Description

The single article (Ledger-Star, 1932-02-27) discusses the receiver (Anderson Maxey) mailing checks to depositors in the Phoenix Bank of Nansemond litigation, indicating the bank is in receivership/closed. No mention of a prior depositor run is present in the provided text, so I classify this as a suspension that resulted in permanent closure/receivership.

Events (1)

1. February 27, 1932 Receivership

Newspaper Excerpt: Checks Mailed Depositors By Phoenix Bank Receiver Suffolk, Va., Feb. Anderson Maxey, receiver in the Phoenix Bank of Nansemond litigation, mailed out checks depositors for per cent their deposits ...
Source: newspapers

Newspaper Articles (1)

1. February 27, 1932 Ledger-Star Norfolk, VA

Article from Ledger-Star, February 27, 1932

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Article Text

Checks Mailed Depositors By Phoenix Bank Receiver Suffolk, Va., Feb. Anderson Maxey, receiver in the Phoenix Bank of Nansemond litigation, mailed out checks depositors for per cent their deposits has been notified that many of these have not received their checks. Mr. Maxey has advised them call at the for the letters containing the many the could not obtained they were sent genoral delivery.