North Georgia Trust & Banking Company

Episode Information

Episode UID: 64090371489
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 6409037 routing
Routing Number: 64-0903
Start Date: January 1, 1924*
Location: Winder, Georgia (33.993, -83.720)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: af55ea57575d876a

Response Measures

None

Description

Superintendent of state banking department placed affairs in his department; permanent closure implied.

Events (3)

1. January 1, 1924* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Prior financial reverses and decline in deposits prompted a temporary 30-day closure for readjustment.
Newspaper Excerpt: In January of this year it closed for about 30 days, when a readjustment was made enabling it to open again.
Source: newspapers

2. February 1, 1924* Reopening

Newspaper Excerpt: In January of this year it closed for about 30 days, when a readjustment was made enabling it to open again.
Source: newspapers

3. December 8, 1924 Suspension

Cause: Government Action
Cause Details: State banking superintendent notified and took charge of affairs, bank suspended by state authority.
Newspaper Excerpt: The North Georgia Trust and Banking company ... closed its doors Saturday. A notice posted on the door stated that the bank had suspended business, that T. R. Bennett, superintendent of the state banking department, had been notified and that affairs of the institution were in charge of his department.
Source: newspapers

Newspaper Articles (1)

1. December 9, 1924 The Atlanta Constitution Atlanta, GA

Article from The Atlanta Constitution, December 9, 1924

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Article Text

BANKING HOUSE AT WINDER FORCED TO CLOSE ITS DOORS Winder, Ga. December 8.—(Special.) The North Georgia Trust and Banking company, at one time one of the largest and strongest banking concerns in northeast Georgia, closed its doors Saturday. A notice posted on the door stated that the bank had suspended business, that T. R. Bennett, superintendent of the state banking department, had been notified and that affairs of the institution were in charge of his department. In 1919 this bank was listed with assets of more than $1,250,000 but in the crisis of 1920 met with reverses that it was never able to overcome. In January of this year it closed for about 30 days, when a readjustment was made enabling it to open again. With a gradual decline in its deposits and having all of its live assets pledged so that payments on these went to creditors, it was unable to meet obligations promptly. This bank was organized in 1914, bought out the First National Bank of Winder in 1917 and increased its capital stock a year later to $200,000. For several years it has carried a surplus fund of $24,000. There are approximately 300 stockholders scattered over a wide section of the country from New York to Texas.