Richwood Banking & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 7, 1934
Location: Richwood, West Virginia (38.224, -80.537)

Metadata

Model: gpt-5-mini
Short Digest: b3034f44

Response Measures

None

Description

Article (Dec 7, 1934) reports that dividends were being paid to depositors by E. Lawhead, a bank receiver, for the Richwood Banking and Trust Company. No mention of a depositor run; the bank is under receivership and paying dividends, indicating it had suspended and remained closed/ in receivership.

Events (1)

1. December 7, 1934 Receivership

Newspaper Excerpt: A 10 per cent dividend, totaling $31.000, was paid depositors of the Richwood Banking and Trust company, bringing the total paid to 30 per cent. ... E Lawhead, bank receiver operating in the northern section of the state, Friday reported the following dividends had been paid: ... Richwood Banking and Trust company ...
Source: newspapers

Newspaper Articles (1)

1. December 7, 1934 The Charleston Daily Mail Charleston, WV

Article from The Charleston Daily Mail, December 7, 1934

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Article Text

Two Nicholas County Banks Pay Dividends Dividends were sent out to depositors in two Nicholas county banks on Friday, it was announced by E. L. Morrison, A 10 per cent dividend, totaling $31.000, was paid depositors of the Richwood Banking and Trust company, bringing the total paid to 30 per cent. Depositors of the People's Bank of Camden- Gauley received their first dividend, of per cent. The payment totaled E Lawhead, bank receiver operating in the northern section of the state, Friday reported the following dividends had been paid: Bank Farmington, 15 per cent, about $48,000, total of 35 per cent to depositors; Union Bank of Benwood, per cent, about $4,300, total of 25 per cent, and Central Bank and Trust company, per cent, about $28,000, total of per cent. -Two dahlias grown by Mrs. R. T. Moore of Nashville, Tenn., are called the "Siamese twins" by her neighbors because they are joined together on one stem.