Page Trust Company - Raleigh, NC

Episode Information

Episode UID: 66002971612
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 6600297 routing
Routing Number: 66-0029
Start Date: April 12, 1934
Location: Raleigh, North Carolina (35.772, -78.639)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ef488285310282ea

Response Measures

None

Events (1)

1. April 12, 1934 Receivership

Newspaper Excerpt: Informal notice was received today by the state banking department that $600,000 will be made available for 20 per cent dividend to some 15,000 persons who have money tied up in the defunct Page Trust company.
Source: newspapers

Newspaper Articles (1)

1. April 13, 1934 News and Record Greensboro, NC

Article from News and Record, April 13, 1934

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Article Text

$600,000 to Be Available For Page Trust Dividend Raleigh, April 12. (AP) Informal notice was received today by the state banking department that $600,000 will be made available for 20 per cent dividend to some 15,000 persons who have money tied up in the defunct Page Trust company. Gurney P. Hood. state bank commissioner, said he had no official but had been informally notified that the RFC would make loan to the bank's receiver to enable the The bank had offices at: Aberdeen, Raleigh, Apex. Liberty, Thomasville. Sanford, Raeford, Albemarle, City, Carthage, Troy, Ramseur and Hamlet.

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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