Grafton Bank - Grafton, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 6, 1927
Location: Grafton, West Virginia (39.341, -80.019)

Metadata

Model: gpt-5-mini
Short Digest: 3f0d2fc2

Response Measures

None

Description

Article (Belington Progressive, 1927-01-06) states the old Grafton Bank became insolvent several years earlier and a receiver (George M. Weekly) holds funds and is mailing checks to depositors. No run or temporary suspension described; bank is in receivership and effectively closed.

Events (1)

1. January 6, 1927 Receivership

Newspaper Excerpt: Eight hundred Grafton and Taylor county depositors in the old Grafton Bank, which became insolvent several years ago, will be mailed checks for their portion of funds of $140,000, which is now in the hands of George M. Weekly, receiver of the bank, in the next few days, according to information that has been given out.
Source: newspapers

Newspaper Articles (1)

1. January 6, 1927 Belington Progressive Belington, WV

Article from Belington Progressive, January 6, 1927

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Article Text

DEPOSITORS WILL GET CASH Eight hundred Grafton and Taylor county depositors in the old Grafton Bank, which became insolvent. several years ago, will be mailed checks for their portion of funds of $140,000, which is now in the hands of George M. Weekly, receiver of the bank,, in the next few days, according to information that has been given out.