Bank of Virgilina - Virgilina, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Virgilina, Virginia (36.543, -78.775)

Metadata

Model: gpt-5-mini
Short Digest: ea439377

Response Measures

None

Description

Article (Roanoke Times, 1925-11-05) reports Receiver Webb's claim that the Bank of Virgilina was insolvent for six years prior to the closing of its doors, and discusses shortages and misconduct by cashier Pool. This indicates the bank closed and entered receivership for insolvency (bank-specific adverse information). OCR errors in the clipping were corrected (e.g., garbled names and phrases). No explicit run or depositor panic is mentioned in the article.

Events (2)

1. * Receivership

Newspaper Excerpt: Receiver Webb claims Virgilina institution insolvent six years ago; appeal allowed in bank case (Webb, receiver of the bank...)
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Receiver alleges the bank was insolvent for six years, with shortages and misconduct by cashier Pool leading to closing.
Newspaper Excerpt: That the Bank of Virgilina was insolvent for six years prior to the closing of Its doors
Source: newspapers

Newspaper Articles (1)

1. November 5, 1925 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, November 5, 1925

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Article Text

APPEAL ALLOWED IN BANK CASE Receiver Webb Claims Virgilina Institution Insolvent Six Years Ago Richmond, Nov. 4.-That the Bank of Virgilina was insolvent for six years prior to the closing of Its doors statement made in the petition Webb, receiver of the bank, whom the court of has an appeal from the decree the court of Halcounty the case of Dennis O'Geory, who has claim against the Bank of Virgilina, prior that of other for with terest from Dec. The Hallfax that said claim be paid in petition declares that the shortage was and hat could be paid only per cent of deposits, that the insolvency of the bank had confor six years. It appears from the petition that Cole for Cole paid cash and gave the Bank of Virgilina, for had no funds the Bank of Virgilina, but J. Thames drew check Cole on the Bank Clarksville and placed Pool, cashier the Bank Virgilina, to credited to Cole The says that Pool wrecked the which and that the set out took the time the of the bank was declared.