Article Text
Bank of Rowland Opens Its Doors Stringency of Money Market Caused Bank to Close June 29 of The signed
Bank of Rowland (Rowland, NC)
Episode Information
- Episode UID
66027871554- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Bank ID
-
6602787routing - Routing Number
66-0278- Start Date
- June 29, 1929
- Location
- Rowland, North Carolina (34.537, -79.291)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
35d4c8dbbc5015e5
Response Measures
None
Description
Depositors signed agreement limiting withdrawals as condition of reopening.
Events (2)
1.
June 29, 1929
Suspension
- Cause
- Macro News
- Cause Details
- Board voluntarily closed bank June 29 citing stringency of the money market to protect depositors.
- Newspaper Excerpt
- Stringency of Money Market Caused Bank to Close June 29
- Source
- newspapers
2.
August 16, 1929
Reopening
- Newspaper Excerpt
- BANK OF ROWLAND IS REOPENED TO PUBLIC ... Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland ... reopened for today ... the board of directors voluntarily the of the institution 29 order to protect depositors. (article dated 1929-08-16) Bank of Rowland Opens Its Doors (Winston-Salem Journal 1929-08-16).
- Source
- newspapers
Newspaper Articles (2)
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Article Text
BANK OF ROWLAND IS REOPENED TO PUBLIC Depositors Sign Agreement They Will Not Ask For Money Before January, 1931. Bank of Rowland, which was closed several weeks ago because the stringency of the money market, reopened for today with McKay collection and Pleasants cashier. The board of directors voluntarily the of the institution 29 order to protect depositors. Since that time almost the number of depositors have signed an agreement that they will for their money before January 1931,