Phoenix Bank of Nansemond

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 23, 1933
Location: Suffolk, Virginia (36.728, -76.584)

Metadata

Model: gpt-5-mini
Short Digest: 563b5a94

Response Measures

None

Description

Article (Mar 23, 1933) states James M. Morris is receiver and that the bank's opening is indefinite. No run is mentioned; this is a suspension leading to receivership/closure. I inferred date from publication year.

Events (2)

1. March 23, 1933 Receivership

Newspaper Excerpt: James M. Morris is receiver for the People's Dime Savings Bank and Trust Association of Staunton, Va.
Source: newspapers

2. March 23, 1933 Suspension

Cause: Government Action
Cause Details: Receiver (James M. Morris) appointed; bank's opening declared indefinite by receiver
Newspaper Excerpt: James M. Morris is receiver for the People's Dime Savings Bank and Trust Association of Staunton, Va. The bank's opening is indefinite.
Source: newspapers

Newspaper Articles (1)

1. March 23, 1933 The Northwest Enterprise Seattle, WA

Article from The Northwest Enterprise, March 23, 1933

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Article Text

FIVE ARE READY; TWO MORE IN RECEIVERSHIP (Continued from Page One) without restrictions. In Newport News The Sons and Daughters of Peace, Penny, Nickel and Dime Bank of Newport News, Va., hopes every day to be able to open, but has not done so yet Opening Indefinite James M. Morris is receiver for the People's Dime Savings Bank and Trust Association of Staunton, Va. The bank's opening is indefinite. The Phoenix Bank of Suffolk, Va., will not open, M. Anderson Maxey, receiver reported Tuesday. D. C. Bank Under Conservator The Industrial Savings Bank, of Washington, did not open. W. H. C. Brown, president, has been named government conservator.