Central Union Bank of South Carolina (Columbia, SC)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 1, 1935*
Location
Columbia, South Carolina (34.001, -81.035)
Bank Type
state
Routing Number
67-0025

Metadata

Episode ID
Bank ID
City ID
451245051
Model
gpt-5-mini
Short Digest

Notes

Conservators/receivers had been appointed; articles report suspension and receivership rather than a depositor run.

Events (2)
1. February 1, 1935* Suspension
Cause
Government Action
Cause Details
Bank suspended business and conservators/receivers were appointed (state action or court conservatorship)
Newspaper Excerpt
Before the transaction was completed the Central Union bank suspended business
Source
newspapers
2. February 15, 1935 Receivership
Newspaper Excerpt
state supreme court today affirmed ... judgment for Simpson J. Zimmerman and J. Roy Barron as conservators-receivers of the Central Union bank of South Carolina
Source
newspapers

Newspaper Articles (3)
1. February 15, 1935 The Charlotte News Charlotte, NC

Article Text

Decision Favoring Bank Conservators Is Affirmed

Columbia, S. C., Feb. 15.—(AP)—The state supreme court today affirmed a Richland circuit court judgment for Simpson J. Zimmerman and J. Roy Barron as conservators-receivers of the Central Union bank of South Carolina in an action brought by Robert M. Kennedy, of Greenwood, over a bond transaction.

Kennedy, the opinion set forth, asked F. E. Grier, executive officer in charge of the Greenwood branch of the bank, to purchase three United States treasury bonds, at par value of $100 each, Kennedy's deposit to be charged with the cost of the bonds.

Before the transaction was completed, the opinion said, the Central Union Bank suspended business, and no debit was entered against the plaintiff's account for the bonds.

2. February 15, 1935 The Herald Rock Hill, SC

Article Text

Central Union Case Ruling Handed Down

Columbia, Feb. 15. (AP)—The state supreme court today affirmed a Richland circuit court judgment for S. J. Zimmerman and J. Roy Barron as conservator-receivers of the Central Union Bank of South Carolina in an action brought by R. M. Kennedy of Greenwood over a bond transaction.

The opinion said Kennedy asked F. E. Grier, executive officer in charge of the Greenwood branch to purchase three United States treasury bonds at par value of $100 each.

Kennedy's deposit was to be charged with the cost of the bonds, the opinion said. Before the transaction was completed the bank suspended business and no debit was entered against the plaintiff's account for the bonds.

3. February 16, 1935 The State Columbia, SC

Article Text

BANK RECEIVERS WIN DECISION

The state supreme court yesterday affirmed a Richland circuit court judgment for Simpson J. Zimmerman and J. Roy Barron as conservators-receivers of the Central Union Bank of South Carolina in an action brought by Robert M. Kennedy of Greenwood over a bond transaction.

Kennedy, the opinion set forth, asked F. E. Grier, executive officer in charge of the Greenwood branch of the bank, to purchase three United States treasury bonds at par value of $100 each, Kennedy's deposit to be charged with the cost of the bonds.

Before the transaction was completed, the opinion said, the Central Union bank suspended business, and no debit was entered against the plaintiff's account for the bonds.