Bank of Badin (Badin, NC)

Episode Information

Episode UID
66062071595
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6606207 routing
Routing Number
66-0620
Start Date
November 1, 1932*
Location
Badin, North Carolina (35.406, -80.117)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3b8a5580238fe2f

Response Measures

None

Description

OCR errors in Article 1 corrected (e.g., 'Bank Badin' -> 'Bank of Badin').

Events (3)
1. November 1, 1932* Receivership
Newspaper Excerpt
of Badin (receiver) $10,000. (RFC loan list for November reported Dec. 23, 1932).
Source
newspapers
2. December 15, 1932 Other
Newspaper Excerpt
liquidating agent ... dividend would be paid on 15th. Checks will be made out ... Bank of Badin on the date mentioned.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank had closed months earlier and was placed in receivership/liquidation
Newspaper Excerpt
the institution since closed months ago
Source
newspapers

Newspaper Articles (2)
1. December 9, 1932 The Salisbury Post Salisbury, NC
Article from The Salisbury Post, December 9, 1932

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Article Text

Badin Bank To Make Payment Albemarle, the defunct Bank Badin cheered this week announcefrom Smith Medlin, liquidatment that per diviing agent, dend would be paid on 15th. This the payment that has been made by the institution since closed months ago, and will Checks will made out in Raleigh them the Bank of Badin on the date mentioned.

2. December 23, 1932 The News and Observer Raleigh, NC
Article from The News and Observer, December 23, 1932

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Article Text

List of Those Made During November Is Made Public Washington, Dec. Reconstruction Finance Corporation reported today had lent $70,000 Point, Perpetual Building Loan the North Carolina tual Life Insurance Company Durham, during November. Loans authorized banks and trust companies North Carolina during November follow: of Badin (receiver) $10,000. Champion Bank and Trust $30,000. Bank, $9,760. Elizabeth Bank and Trust (receivers) Wayne National of Goldsboro (receiver) $147,Carolina Bank Trust Co., $525,000. Greensboro United Bank and $250,000. Merchants Bank of Mount $6,000. County $2,000. of $10,000. United Bank, $3,000. Stony of Stony Point (receiver) $5,000.