First National Bank (Salisbury, NC)

Episode Information

Episode UID
298101568
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
29810 national
Charter Number
2981
Start Date
August 1, 1930*
Location
Salisbury, North Carolina (35.671, -80.474)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bcfbec9e9bb876e7

Response Measures

Full suspension, Books examined

Description

OCR of the Roanoke article is garbled; it clearly references a 'First' bank at Salisbury that was run and closed in early Aug 1930.

Events (3)

1. June 20, 1883 Chartered
Source
historical_nic
2. August 1, 1930* Run
Cause
Local Banks
Cause Details
Runs triggered by closings and failures of nearby banks and recent local bank failures, prompting depositor withdrawals
Newspaper Excerpt
BANK IS CLOSED. Aug. in the past two days were blamfor the closing today of the First near The runs the the closing three the four within the past
Source
newspapers
3. August 1, 1930* Suspension
Cause
Local Banks
Cause Details
Bank placed in hands of state examiner after runs and regional bank failures left it unable to continue operations
Newspaper Excerpt
BANK IS CLOSED. Aug. ... the closing today of the First near ... Affairs of the placed the hands Bleakley examiner
Source
newspapers

Newspaper Articles (2)

Article from The Greenville News, February 14, 1930

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Article Text

Bank Of Chesnee In Examiner's Hands SPARTANBURG, Feb. The Bank of Chesnee, of Chesnee, 20 miles northwest of here placed its affairs in the hands of the state bank examiner at directors meeting at o'clock tonight. The institution lost a number of deposits when the Dollar Savings bank and the Carolina National bank of closed December 30, but the directors were able to restore confidence and stabilize matters until today when the failure of the Rutherford county banks and the American State bank at Gaffney. rendered the situation too acute for the Chesnee bank to continue operations. The deposits, at close of business yesterday, amounted to $228,793.26 showing decrease of about $106,000 since the published statement of December 31, 1929; capital stock of the bank was $50,000. surplus $20,000 and bills payable none.


Article from The World-News, August 2, 1930

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Article Text

TEN ESCAPE FROM SALISBURY JAIL; FOUR CAPTURED MEARS AND BROWN START ON FLIGHT AROUND WORLD GOVERNOR YOUNG IS TO QUESTION JOHN Break Lock to Cell Block and Their First Scheduled Stop Is Is Considering a Plea For Saw One of Bars to At Harbor Grace, New. Pardon From Thomas Window. foundland. Mooney. Salisbury, N. Aug. ten men their way out the Rowan County here late last night, had placed back in cells early of Rowan County, first the ten recaptured, was found walking highway mlies from Salisbury Will and Paul Brittian. lof shortly after Barber's miles All of the who Sheriff Lyerly being pending held sheriff said The at liberty Earl Powers and the Making locked barred one the through drop the the When garding they denied any knowledge Sheriff Lyerly makes home the county and the break when he went to the cell block to admit another prisoner Police North Carolina and nearby were of the citioffice in the search for the six men at large. BANK IS CLOSED. Aug. in the past two days were blamfor the closing today of the First near The runs the the closing three the four within the past Affairs of the placed the hands Bleakley examiner expressed that all depositors ultimately would be paid The bank capitalized at demand $8,453, and time deposits TO MEET mission conference of the Southern church will open and The Rev. Charles Austin Texas, will lecture foreign speakers include Rev. William Ray Dobyns, William Hutchins, president of Berea College, By Foster Hailey. Field. Bound for York city by Dublin. and Brown off today "The New Their stop was Harbor They are seeking the which Mears twice held and which days, 26 minutesZeppelin summer. Mears trip perhaps in fifteen good sun his Brown and winging down the through morning mists her aloft Fonck's transatFonck's tranatthe plane's Longest Hop. Ideal weather waited Mears and Brown on and ahead the Atlantic for the expect Harbor tomorrow Dublin miles will be on the the Brown's his sister Mary ChiMr. see them off Miss Mears is the near the but back Berea, Ohio, Henry six and Virginia, aged three Harriet her father over the long distance telephone just before sleep last night. fliers short wave Mears will operate. bottles with coffee and orange ham and fruit cake and smallest of the crew of the was Wind small very romping the wet grass was given Mears Mary Pickford replace Wind who made the 1928 flight Mr. Mears and the Captain Collyer the was run over and killed by truck. St. Aug weather and visibility clear in directions. condialong Newfoundland coast favorable today for the flight Henry pilot the first stage round-the-world flight TREASURY RECEIPTS Washington, Aug receipts for $188,275,986.43 San Aug. Young and his advisory board, considering plea for pardon Thomas Mooney, of the preparedness day Sacramento today question John witness. MacDonald was questioned earlier the week by the supreme hearing similar application from Warren with Mooney to life for the bombing. The MacDonald repudiate his origiidentified Billings Mooney the bombers ten spectators the day parade Estelle former dental nurse and the be Edwin hearing McKenzie he would question the on character and habits particularly regarding the use drugs, and her startling tesMiss Smith yesterday testified Billings was than the the the preparedness day parade. The explosion occurred at Miss Smith repudiated in part 1929 in she not Billings her Miss said the the instance of and was intended to "give Billings chance. Miss Smith asserted she was offered $10,000 by Oxman, prosecutried for perjury she against Thomas but refused.