National Exchange Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1607
Charter Number: 1607
Start Date: October 1, 1931*
Location: Weston, West Virginia (39.038, -80.467)

Metadata

Model: gpt-5-mini
Short Digest: c8d57a55

Response Measures

None

Receivership Details

Date receivership started: 1931-10-09
Date receivership terminated: 1932-09-15
OCC cause of failure: Economic conditions

Description

Article reports the National Exchange Bank in Weston, WV had closed recently and a receiver (Charles R. Carter) was found shot on 1931-10-20. The text does not describe any depositor run; it indicates the bank had been closed and a receiver assigned, so I classify this as a suspension leading to permanent closure/receivership. Limited information in OCR'd excerpt; no explicit suspension date given, so I use the publication date to anchor events.

Events (7)

1. November 10, 1865 Chartered

Source: historical_nic

2. October 1, 1931* Suspension

Cause: Government Action
Cause Details: Bank had closed and a receiver was appointed (closure by authority/examiner leading to receivership).
Newspaper Excerpt: the National Exchange Bank which closed here recently
Source: newspapers

3. October 9, 1931 Receivership

Source: historical_nic

4. October 20, 1931 Other

Newspaper Excerpt: Bank Receiver Shot; Found With Note -- Charles R. Carter ... found shot and probably fatally wounded in the basement of the bank today
Source: newspapers

5. October 20, 1931 Receivership

Newspaper Excerpt: Charles R. Carter ... of for the National Exchange Bank which closed here recently found shot and probably fatally wounded in the basement of the bank today Carter left note and authorities said he apparently shot him-
Source: newspapers

6. September 15, 1932 Restored To Solvency

Source: historical_nic

7. September 15, 1932 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. October 20, 1931 Pittsburgh Sun-Telegraph Pittsburgh, PA

Article from Pittsburgh Sun-Telegraph, October 20, 1931

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Article Text

Bank Receiver Shot; Found With Note WESTON W Va., Oct. AP Charles R. Carter 50. of for the National Exchange Bank which closed here recently found shot and probably fatally wounded in the basement of the bank today Carter left note and authorities said he apparently shot him-