Doddridge County Bank - West Union, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 2, 1933
Location: West Union, West Virginia (39.296, -80.776)

Metadata

Model: gpt-5-mini
Short Digest: 708e96aa

Response Measures

None

Description

Newspaper (Aug 2, 1933) states a receiver opened offices for the Doddridge County Bank of West Union, indicating the bank had been closed and placed in receivership. No mention of a depositor run in the article. Classification: suspension leading to closure/receivership (suspension_closure).

Events (2)

1. August 2, 1933 Receivership

Newspaper Excerpt: E. Rinehart, of Clarksburg, has opened headquarters here as receiver for ... the Doddridge County bank of West Union ... He is assisted by H. H. Schofield ... as auditor. (AP dispatch, Aug. 2, 1933).
Source: newspapers

2. August 2, 1933 Suspension

Cause: Government Action
Cause Details: Bank closed and a receiver (E. Rinehart) appointed; closure appears to be regulatory/receivership action.
Newspaper Excerpt: E. Rinehart, of Clarksburg, has opened headquarters here as receiver for the First Citizens' bank, of Pennsboro, the Doddridge County bank. of West Union, and the Bank of Harper's Ferry.
Source: newspapers

Newspaper Articles (1)

1. August 2, 1933 The Charleston Daily Mail Charleston, WV

Article from The Charleston Daily Mail, August 2, 1933

Click image to open full size in new tab

Article Text

DETAILS OF LOAN SOUGHT AT TRIAL Head of Closed Buckhannon Bank Reveals Secret $10,000 Deal ELKINS, Aug. 2 (AP).-John C. McWhorter, one of the six officers and directors of the closed Traders National bank of Buckhannon accused of testified that $10,000 loan transaction in question in the case was made to maintain the bank's cash reserve. The first witness for the defense. McWhorter, who is 67 years old, and former circuit judge, asserted that because of the banking situation at that time in Buckhannon, the directors authorized Sanford Graham, the cashier, to obtain $10,000 loan Graham, John Post, Ulysses Young, William Post and Charles G. Munson, Sr., are charged with borrowing $10,000 on 200 shares of Hazel-Atlas Glass company stock and depositing the money in joint personal account without the knowledge of the other directors. The defense maintains the loan was made for the best interests of the bank. The case is being tried in federal court. Offices Opened CLARKSBURG, Aug. (AP).-E. Rinehart, of Clarksburg, has A. opened headquarters here as receiver for the First Citizens' bank, of Pennsboro, the Doddridge County bank. of West Union, and the Bank of Harper's Ferry. He is assisted by H. H. Schofield, of Marlinton, as auditor. -Tests of unbreakable milk bottles are being made in America; if the result is successful. the bottle will be available in all colors.