Charlotte National Bank (Charlotte, NC)

View Charter #5055 on SPMC View balance sheet

Episode Information

Episode UID
505501572
Episode Type
Run Only
Bank Type
national
Bank ID
50550 national
Charter Number
5055
Start Date
December 5, 1930
Location
Charlotte, North Carolina (35.227, -80.843)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
83354204758c701c

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (3)
1. January 2, 1897 Chartered
Source
historical_nic
2. December 5, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors mistakenly confused Charlotte National with a recently failed/defunct institution (First National), triggering withdrawals that later subsided.
Random Run
Yes
Random Run Snippet
Depositors confused name with defunct First National; error corrected
Measures
Bank officials assured public and stated sufficient cash on hand to meet withdrawals.
Newspaper Excerpt
Depositors Confuse Charlotte National With Defunct Institution.
Source
newspapers
3. June 17, 1939 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (6)
1. February 14, 1930 The Greenville News Greenville, SC
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.

2. December 5, 1930 Burlington Daily Times Burlington, NC
Article from Burlington Daily Times, December 5, 1930

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Article Text

CAREER PAROLED MEN TODAY Was Elected in Recent Election Leon Allen. Convicted in 1929 of Judge on State Superior Court Longest Termer to Bench. Receive Parole Today. day had ended John month before taken sea: on the North perior cour: bench to which named Humphreys died home here yesterday from fluenza and came ago and monia developed condition regarded critical death He was born county in 1867 and received cation in public schoolthere and University North He moved to Danbury practice and for years leader his In 1911. he married Bertha survives. with daughters. Miss Frances Humphreys. student at Salem colMiss Lou Stella Humphreys. of Danbury The funeral conductd 11 tomorrow of the Danbury Methodist copal church. Dec Max paroled prisoners. Allen. convicted in county in 1929 of highway and sentenced to five ten years the longest termparoled young boy when convicted. sentenced along two others. parole statement said One 0: the two has been paroled and the other has escaped The boy was no more responsible the crime than the other the statement has made good record feel of mand that some consideration shown this RESTORING Others paroled P.oy sentenced county in September to CHARLOTTE years for entering ano None of Other Banks at Charlotte 1930. to four months in Yadkin Have Experienced Withcounty: James land county 1930. of larCharlotte Dec and eight dences of restoration of public faith Cook and were Charlotte banks were seen here referred as following flurry of parole yesterday due the fail16 years of in First National Bank to of party from injuries when the run on the Charlotte National car Matthews turned had dribbled down to small over with the deceased in it as a depositors today. None passenger. CI the other banks experienced

3. December 5, 1930 Burlington Daily Times Burlington, NC
Article from Burlington Daily Times, December 5, 1930

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Article Text

and officials said depositors called in the National Bank for their money when the names the two institutions were confused in early reports. run at the Charlotte National Bank confined almost entirely Officials were as to the amount an the bank stated deposit of of large number of business

4. December 5, 1930 The Sentinel Winston-Salem, NC
Article from The Sentinel, December 5, 1930

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Article Text

CHARLOTTE RUN ON BANK STOPS Depositors Confuse Charlotte National With Defunct Institution. of ration banks here of due of National Bank had dribbled number None the other officials on their money when the names of confused in early The run National was entirely of the said that no felt that cash was on hand to pay all savings depositors.

5. December 6, 1930 News and Record Greensboro, NC
Article from News and Record, December 6, 1930

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Article Text

FAITH IS RESTORED IN CHARLOTTE BANKS Run On Charlotte National Bank Dribbles Down to Small Number of Depositors. Dec. dences of restoration of public faith in Charlotte banks were seen here today following flurry of apprehension yesterday due to the failure of the First National bank ot run the Charlotte National dribbled down to small bank had number depositors None of the other banks experienced depositors and the Charlotte National for called on when the names of the their money two institutions were confused in The at the Charlotte National run confined almost entirely to was Officials savings said that no alarm the bank felt and that sufficient cash hand all deposion to figures were made public tors. No to the withdrawn as official of the bank terday but an stated that was not as much total deposit of any one of a the large number of business men.

6. January 1, 1933 The Charlotte News Charlotte, NC
Article from The Charlotte News, January 1, 1933

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Article Text

BANK NOTICE Monday. January being a the following banks be closed American Trust Co. Charlotte National Bank Commercial National Bank Independence Trust Co. Merchants & Farmers National Union National Bank