Exchange Bank - Littleton, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 12, 1913
Location: Littleton, West Virginia (39.698, -80.517)

Metadata

Model: gpt-5-mini
Short Digest: 3e0add0a

Response Measures

None

Description

Articles (July 1913) report the Exchange Bank of Littleton was closed by the West Virginia State Banking Commissioner and a receiver (B. A. / E. A. Pyles) was appointed. No mention of a depositor run is present; closure was by government action and a receiver was named, so classify as suspension leading to closure/receivership.

Events (2)

1. July 12, 1913 Suspension

Cause: Government Action
Cause Details: Closed by order of the state banking commissioner (state banking department intervened).
Newspaper Excerpt: DEPOSITORS Of the Failed Bank at Littleton Will Not Lose Any Money. CHARLESTON, July 12.-That the depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner...
Source: newspapers

2. July 17, 1913 Receivership

Newspaper Excerpt: State Commissioner of Banking Samuel V. Mathews to-night announced the appointment of B A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton, whose doors were closed by Mathews two weeks ago Pyles is cashier of the Bank as Littleton,
Source: newspapers

Newspaper Articles (4)

1. July 12, 1913 The Daily Telegram Clarksburg, WV

Article from The Daily Telegram, July 12, 1913

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Article Text

DEPOSITORS Of the Failed Bank at Littleton Will Not Lose Any Money. CHARLESTON, July 12.-That the depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner will lose little or nothing, was the announcement made last night by Banking Commissioner Samuel V. Mathews, upon his return from Littleton. In order to save the depositors Mathews stated the stockholders will be assessed about 100 per cent, the maximum under the state law. A receiver to wind up the bank's affairs will be appointed.

2. July 18, 1913 The Wheeling Intelligencer Wheeling, WV

Article from The Wheeling Intelligencer, July 18, 1913

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Article Text

PYLES NAMED AS RECEIVER Special Dispatch to the Intelligencer CHARLESTON W. Va., July 17.State Commissioned of Banking Samuel V. Mathews to-night announced the appointment of B A. Pyles, of Littleton as receiver for the Ex. change Bank of Littleton, whose doors were closed by Mathews two weeks ago Pyles is cashier of the Bank as Littleton,

3. July 18, 1913 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, July 18, 1913

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Article Text

Pyles Appointed Receiver Charleston, W. Va., July 17.-E. A. Pyles of Littleton has been appointed receiver for the Exchange bank of Littleton, W. Va., which failed several weeks ago, The state banking department is making a thorough investigation.

4. July 18, 1913 The Fairmont West Virginian Fairmont, WV

Article from The Fairmont West Virginian, July 18, 1913

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Article Text

PYLES NAMED AS RECEIVER. CHARLESTON. July 18. State Commissioner of Banking Samuel V. Mathews tonight announced the apr pointment of B. A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton. whose doors were closed by Mathews two weeks ago. Pyles is cashier of the Bank of Littleton.