Bank of Dover - Dover, NC

Episode Information

Episode UID: 66034371479
Episode Type: Run → Suspension → Unsure
Bank Type: state
Bank ID: 6603437 routing
Routing Number: 66-0343
Start Date: March 27, 1923
Location: Dover, North Carolina (35.218, -77.437)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3e7146b981f0abd6

Response Measures

None

Description

Directors voluntarily closed bank pending examiner; outcome not stated in these articles.

Events (2)

1. March 27, 1923 Run

Cause: Bank Specific Adverse Info
Cause Details: Withdrawals followed discovery of numerous uncollectible loans and an unsettled $5,000 loan to former president George W. Hardwicke.
Measures: Directors closed the bank and consulted legal counsel; requested a bank examiner to investigate.
Newspaper Excerpt: The Bank of Dover was voluntarily closed Wednesday, largely as a result of a number uncollectible loans and a run on the bank by depositors Tuesday.
Source: newspapers

2. March 28, 1923 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors voluntarily closed the bank after heavy withdrawals and unresolved bad loans; they requested a bank examiner to investigate.
Newspaper Excerpt: The Bank of Dover was voluntarily closed Wednesday, largely as a result of a number uncollectible loans and a run on the bank by depositors Tuesday.
Source: newspapers

Newspaper Articles (1)

1. March 31, 1923 The Kinston Free Press Kinston, NC

Article from The Kinston Free Press, March 31, 1923

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Article Text

DOVER BANK CLOSES AFTER A REPORTED RUN ON ITS FUNDS Rough Sailing for Institution for Some Time. Hardwicke Loan Still Unsettled—Action of Directors is Voluntary The Bank of Dover was voluntarily closed Wednesday, largely as a result of a number uncollectible loans and a run on the bank by depositors Tuesday. The bank has, according to a number of depositors interviewed, encountered rough sailing for some time on account of the failure of the directors to effect a settlement with George W. Hardwicke on a $5,000 loan made to himself while president of the bank. A number of other loans, uncollectible at this time, had much to do with the depositors losing confidence and withdrawing funds this week. Following the run on the bank's funds Tuesday the directors deemed it wise to close and consult their legal representative, E. V. Green, of New Bern. Following consultation with counsel, request was made for a bank examiner to come, and he is expected to arrive Friday. Until the affairs of the bank are thoroughly investigated and a report made by the examiner, the real status of the institution cannot be ascertained. Since Hardwicke's retirement no one has been appointed to succeed him. Ary Freeman, vice-president and cashier, has been acting head of the institution. Freeman has the confidence of the people there, and it is believed that he has done all that is humanly possible to adjust the affairs of the bank and safe guard the depositors and stockholders.