Bank of Andrews (Andrews, NC)

Episode Information

Episode UID
66026571371
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
6602657 routing
Routing Number
66-0265
Start Date
March 6, 1914
Location
Andrews, North Carolina (35.202, -83.824)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d4933f106cb813bf

Response Measures

None

Description

Dates and ordering between closure and receiver appointment are ambiguous in the articles; additional local reports would clarify timing.

Events (4)
1. March 6, 1914 Receivership
Newspaper Excerpt
Case in call today: No. 1251. Bank of Andrews and A. A. Fain, receiver, petitioner, vs. Vonno L. Gudger, receiver, respondent: on petition to superintend and revise, District Court of the United States for the Western district of North Carolina, at Asheville, In bankruptcy.
Source
newspapers
2. March 11, 1914 Run
Cause
Local Banks
Cause Details
Run triggered by loss of confidence after the Commercial and Savings Bank at Murphy closed, prompting depositors to withdraw from Bank of Andrews.
Measures
Closed its doors and did not permit withdrawals to stem the run.
Newspaper Excerpt
The closing of the Smathers banks was the result of the lack of confidence on the part of the depositors, who made a run on the banks.
Source
newspapers
3. March 11, 1914 Suspension
Cause
Local Banks
Cause Details
Direct closure/suspension to avoid further withdrawals after neighboring bank failure and depositors' loss of confidence.
Newspaper Excerpt
Announcement was made yesterday to the effect that the Bank of Andrews, which closed its doors Wednesday, will be opened within the next twenty days.
Source
newspapers
4. July 13, 1916 Other
Newspaper Excerpt
The treasurer of Andrews school district has recently received from the receiver of the Bank of Andrews, $2000.00 which is part of the building fund which was in this bank when the receiver was appointed.
Source
newspapers

Newspaper Articles (4)
1. March 6, 1914 The Richmond Virginian Richmond, VA
Article from The Richmond Virginian, March 6, 1914

Click image to open full size in new tab

Article Text

IN U.S. CIRCUIT COURT The United States Circuit Court of Appeals yesterday, with Circuit Judges Prichard, Knapp and Woods, and District Judge Dayton in attendance, heard argued case No. 1244. Paris Jarrell et al., appellants, vs. James C. Cole and Clinton Crane, appellees; appeal from the District court at Charleston, W. Va. Argued by John E. Blake, Madison, W. Va., for the appellants, and by Cary N. Davis, Huntington, W. Va., for the appellees, and submitted. Case in call today: No. 1251. Bank of Andrews and A. A. Fain, receiver, petitioner, vs. Vonno L. Gudger, receiver, respondent: on petition to superintend and revise, District Court of the United States for the Western district of North Carolina, at Asheville, In bankruptcy. To be argued by James H. Herrimon, Asheville, N. C., for the petitioners, and by Alf S. Bernard, Stevens & Anderson, Asheville, N. C., and W. D. Payne, Charleston, W. Va., for the respondent.

2. March 6, 1914 The Times Dispatch Richmond, VA
Article from The Times Dispatch, March 6, 1914

Click image to open full size in new tab

Article Text

U. S. Circuit Court of Appeals. The United States Circuit Court of Appeals reconvened yesterday morning at 10 o'clock with Circuit Judges Pritchard, Knapp and Woods and District Judge Dayton in at tendance. Case argued: No. 1244-Paris Jarrell et al., appellants. vs. James O. Cole and Clinton Crane. appellees: appeal from the District Court at Charleston, W. Va. Argued by John E. Blake, Madison. W. Va., for the appellants, and by Cary N. Davis. Huntington, W. Va., for the appellees. and submitted. Case In call: No. 1251-Bank of Andrews and A. A. Fain, receiver, petitioner, vs. Veno L. Gudger, receiver. respondent: on petition to superintend and revise. District Court of the United States for the Western District of North Carolina. at Asheville; in bankruptcy. To be argued by James H. Merrimon, Asheville. N. C., for the petitioners, and by Alf S. Barnard, Stevens & Anderson, Asheville, N. C., and W. D. Payne, Charleston, W. Va., for the respondent.

3. March 12, 1914 Western Carolina Democrat and French Broad Hustler Hendersonville, NC
Article from Western Carolina Democrat and French Broad Hustler, March 12, 1914

Click image to open full size in new tab

Article Text

CHEROKEE BANKS CLOSE. The Commercial and Savings bank at Murphy closed its doors Tuesday and on Wednesday the Bank of Andrews followed the same course. These two banks were known as the Smathers banks and were practically under the same management, J L. Smathers being president of both. It is generally believed here that the depositors in neither bank will lose anything. The stockholders may suffer a slight loss. The closing of the Smathers banks was the result of the lack of confidence on the part of the depositors, who made a run on the banks. When the banks' management realized that depositors were going to withdraw funds, the doors were closed and none were permitted to withdraw.-Bryson City Times. Announcement was made yesterday to the effect that the Bank of Andrews, which closed its doors Wednesday, will be opened within the next twenty days. It is stated that the board of directors deemed it advisable to close the institution for a term of twenty days to avoid the possibilityof a run which might result from the closing of the Commercial and Savings Bank at Murphy.-Asheville Citizen.

4. July 13, 1916 French Broad Hustler and Western Carolina Democrat Hendersonville, NC
Article from French Broad Hustler and Western Carolina Democrat, July 13, 1916

Click image to open full size in new tab

Article Text

# Receives School Money. The treasurer of Andrews school district has recently received from the receiver of the Bank of Andrews, $2000.00 which is part of the building fund which was in this bank when the receiver was appointed. - Andrews Sun.