Bank of St Pauls (St Pauls, NC)

Episode Information

Episode UID
66045071563
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
6604507 routing
Routing Number
66-0450
Start Date
March 3, 1930
Location
St Pauls, North Carolina (34.807, -78.971)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bc6f7b60a35501a1

Response Measures

None

Description

Articles report a slight run and rumors, then directors ordered the bank to suspend and it failed to open; no reopening reported.

Events (2)
1. March 3, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Slight run followed by wild rumors that the bank was about to be closed; neighboring Fayetteville bank failure added to nervousness.
Newspaper Excerpt
Slight run on the bank Monday and wild rumors ...
Source
newspapers
2. March 7, 1930 Suspension
Cause
Local Banks
Cause Details
Directors ordered suspension after the run and rumors, with the recent failure of a neighboring Fayetteville bank thought to have precipitated the action.
Newspaper Excerpt
failed to open its doors this morning by order of the board directors
Source
newspapers

Newspaper Articles (3)
1. March 8, 1930 The News and Observer Raleigh, NC
Article from The News and Observer, March 8, 1930

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Article Text

BANK OF ST. PAUL CLOSES ITS DOORS Slight Run Followed By Rumors Causes Action By Directors St. Pauls, March Bank of St. Pauls, this town's only banking institution, failed to open its doors this morning by order of the board directors. A slight run on the bank yester day followed by to the effect that it was about to be closed is said to have led the closing. The failure of neighboring bank in Fay etteville short time ago is said to have precipitated the closing here. Deposits had from $210,000 to $140,000. A. R. McEachern president the bank, G. T. Fisher is vice president and J. C. Lentz is

2. March 8, 1930 News and Record Greensboro, NC
Article from News and Record, March 8, 1930

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Article Text

BANK OF ST. PAULS CLOSES ITS DOORS Institution Fails to Open Friday Morning, Following Rumors Closing. March Bank Pauls, this town's only banking doors order the board morning slight the bank yesterabout closed. the failure led the from the Lentz cashier

3. March 10, 1930 The Robesonian Lumberton, NC
Article from The Robesonian, March 10, 1930

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Article Text

OF PAULS CLOSED BY ORDER THE DIRECTORS Slight Run and Wild Rumors About Made Closing Will Be Paid Is mated. The Bank of St. Pauls, the only banking institution St. Pauls, closed by order of the board directors the conclusion of business Thursday, the failing to open doors Friday morning. slight run on the bank Monday and wild rumors dition is said to have led the tors to their decision suspend business. The closing the Fayette bank short time ago is thought to have precipitated the failure. Many mors started, causing depositors to decrease from stat estimated that depositors will from 50 60 per cent. Some hope entertained that the bank will be re-opened under similar those under which the Bank of Rowland now operating. McEachern was dent of the institution; Mr. Fisher, cashier.