gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
25f6c086e8d161ef
Response Measures
None
Events (2)
1.August 24, 1921Suspension
Cause
Correspondent
Cause Details
Funds of the Denton bank were locked up at its depository correspondent in Thomasville after that bank was closed, forcing suspension of payments.
Newspaper Excerpt
The bank of Denton at Denton ... was closed today by state examiner Newbold. ... funds of the latter locked up there forced a suspension of payments yesterday afternoon.
Source
newspapers
2.September 8, 1921Receivership
Newspaper Excerpt
the Commission named ... Arthur Ross receiver for the Bank of Denton. ... Judge James L. Webb ... signed orders placing the Bank of Denton ... in the hands of temporary receivers.
Source
newspapers
Newspaper Articles (10)
1.August 24, 1921The Daily TimesWilson, NC
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Article Text
OST YET UNCERTAIN ited States from Great Britain e Attempted a Flight Across Details as to the Dead and Inragedy Have Not Been Learned THOMASVILLE BANK CAUSES ANOTHER FAILURE. Lexington, Aug. 24.-The bank of Denton at Denton 20 miles east of here was closed today by state examiner Newbold. The bank of Thomasville which was closed Monday was a depository for the Denton bank and funds of the latter locked up there forced a suspension of payments yesterday afternoon. The Denton bank has a capital of $25,000 and surplus of $4,000. It is stated all depositors will be paid in full.
NORTH CAROLINA BANK CLOSED; FUNDS SHORT (By The Associated press.) GREENSBORO, N. C., Aug. 24.-The Bank of Denton, located in Davidson county, 20 miles from Lexington, was closed this morning by State Bank Examiner H. L. Newbold after an investigation of its affairs and following a suspension of payments by the bank yesterday afternoon. The Bank of Denton during the past year increased its capital from $10,000 to $15000, and had a surplus of $4,000.
3.August 25, 1921Evening StarWashington, DC
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Article Text
EXAMINER CLOSES BANK. GREENSBORO, N. C., August 25.The Bank of Denton, located in Davidson county, twenty miles from Lexington, was closed yesterday by State Bank Examiner H. L. Newbold, after an investigation of its affairs and following a suspension of payments by the bank Tuesday afternoon. The bank during the past year increased its capital from $10,000 to $25,000 and had a surplus of $4,000.
4.September 8, 1921The Daily TimesWilson, NC
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Article Text
RECEIVERS APPOINTED FOR TWO DEFUNCT ANKS Raleigh, Sept. 8. .-Efforts loking toward the reorganization o the Bank of Thomasville and the Bank of Denton, both of which were cosed up by the Corporation Commision two weeks ago, fell flat yesterday and the Commission named T J. Finch receiver for the Thomasville bank and Arthur Ross receiver fr the Bank of Denton. The Denton bank was relatively small but the failure at Thomasville involves approximately a half millionn dollars. Its disaster is attributed to the fact that too many bad loans were made, many of them to concerns in which the president, J. L. Armfield, was interested. His business lost heavily, and he was unable to meet his obligations to his bank. The receiver for the Thomasville bank was formerly sheriff of Davidson county and is now president of the National Bank at that place. Definite statement of the condition of the bank, and the probability of its being able to liquidate without loss, has not yet been made by the bank examiner in charge.
5.September 9, 1921Evening StarWashington, DC
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Article Text
RECEIVERS FOR BANK. Two North Carolina Institutions Are Closed. GREENSBORO, N. C., September 9.In superior court here Judge James L. Webb, upon the recommendation of the state corporation commission, signed orders placing the Bank of Thomasville and the Bank of Denton, which recently were closed by a state bank examiner, in the hands of temporary receivers. T. J. Finch of LexIngton was appointed receiver for the Thomascille bank and J. Arthur Ross for the Denton bank. Attorneys for the two banks were ordered to appear before Judge Webb here September 14 to show cause why the temporary receiverships should not be made permanent.
TWO NORTH CAROLINA BANKS UNDER RECEIVER (By the Associated Press) GREENSBORO, N. C., Sept. 8-In superior court here today, Judge James L. Webb, upon the recommendation of the state corporation commission, signed orders placing the Bank of Thomasville and the Bank of Denton, which recently were closed by a state bank examiner, in the hands of temporary receivers. T. J. Finch, of Lexington, was appointed receiver for the Thomasville bank, and J. Arthur Ross, for the Denton bank. Attorneys for the two banks were ordered to appear before Judge Webb here September 14 to show cause why the temporary receiverships should not be made permanent.
7.September 15, 1921The ReviewHigh Point, NC
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Article Text
Receivers Named for Banks in Davidson In Superior court last week Judge James L. Webb, upc the recommendation of the State Corporation Commission, signed orders placing the Bank of Thomasville, and the Bank of Denton, which were reently closed by a state bank examiner, in the hand of temporary receivers. T. J. - Finch, of Thomasville, was appointed receiver for the Thomasville bank and J. Arthur Ross for the Denton bank. Attorneys for the banks were ordered to appear before Judge Webb here September- 14 to show cause why the temporary receivers should not be made permanent.
8.November 17, 1921Cheraw ChronicleCheraw, SC
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Article Text
Reward For Bank President. Raleigh, N. C.-Governor Morrison authorized $400 reward for the apprehension of Jesse L. Armfield, former president of the defunct Bank of Thomasville and Bank of Denton, now in the hands of receivers.
9.November 17, 1921The ReviewHigh Point, NC
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Article Text
Reward For Bank President. Raleigh, N. C.-Governor Morrison authorized $400 reward for the apprehension of Jesse L. Armfield, former president of the defunct Bank of Thomasville and Bank of Denton, now in the hands of receivers.
Reward For Bank President. Raleigh, N. C.-Governor Morrison authorized $400 reward for the apprehension of Jesse L. Armfield, former president of the defunct Bank of Thomasville and Bank of Denton, now in the hands of receivers.
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