Bank of Fletcher (Fletcher, NC)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 1, 1932*
Location
Fletcher, North Carolina (35.433, -82.507)
Bank Type
state
Routing Number
66-0556

Metadata

Episode ID
Bank ID
City ID
Model
gpt-5-mini
Short Digest

Notes

Articles state the bank closed in 1932 and is in liquidation; no run is described.

Events (3)
1. January 1, 1932* Suspension
Cause Details
Closure referenced but no cause given in articles; moved to liquidation.
Newspaper Excerpt
making 35 per cent, or $20,050.47, paid them since the bank closed in 1932.
Source
newspapers
2. March 30, 1935 Receivership
Newspaper Excerpt
To 319 depositors and creditors of the Bank of Fletcher went $2,911.62 as a 5 per cent dividend, making 35 per cent, or $20,050.47, paid them since the bank closed in 1932.
Source
newspapers
3. December 17, 1935 Receivership
Newspaper Excerpt
The dividend to depositors in the Bank of Fletcher will be 2 1-2 per cent, making 42 1-2 per cent total realized for depositors from liquidation.
Source
newspapers

Newspaper Articles (2)
1. March 31, 1935 The Charlotte Observer Charlotte, NC

Article Text

DIVIDENDS CHECKS READY FOR FOUR DEFUNCT BANKS

RALEIGH, March 30.—(AP)—Dividend checks aggregating $38,659.38 have been sent to liquidating agents of four defunct banks to pay to 2,099 depositors and other creditors Monday, Gurney P. Hood, state bank commissioner, said today.

To 319 depositors and creditors of the Bank of Fletcher went $2,911.62 as a 5 per cent dividend, making 35 per cent, or $20,050.47, paid them since the bank closed in 1932.

The 507 depositors and creditors of the Farmers and Traders bank of Weaverville will get $7,544.28 as a 5 per cent payment, making 15 per cent, or $22,439.90, paid them since the institution closed in 1933.

Three hundred and twenty six creditors and depositors of the Farmers Bank and Trust company at Madison will get a 20 per cent dividend of $16,312.52 to make 50 per cent, or $70,748.33 paid them since 1931.

For 947 depositors and creditors of the Bank of Alexander at Taylorsville, which closed in 1932, checks for a 10 per cent payment, the first dividend, were mailed.

2. December 17, 1935 Asheville Citizen-Times Asheville, NC

Article Text

BANK DIVIDENDS WILL BE FINAL

Depositors At Fletcher And West Asheville To Be Paid

Final dividends to depositors in the defunct Bank of West Asheville and the Bank of Fletcher will be paid before January 1, A. M. Burns, liquidating agent, announced yesterday.

About $20,000 or almost 6 per cent will be paid depositors in the Bank of West Asheville, making 11 per cent in all that these depositors will have realized.

The dividend to depositors in the Bank of Fletcher will be 2 1-2 per cent, making 42 1-2 per cent total realized for depositors from liquidation.

Mr. Burns yesterday sold the final batch of assets in the defunct Farmers and Traders' Bank of Weaverville to W. W. Shope of Weaverville for $680. The face value of the paper was about $100,000.

C. W. Smith recently purchased the remaining assets of the Bank of West Asheville, paying $1,565 for