Planters Bank - Orangeburg, SC

Episode Information

Episode UID: 67009571561
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 6700957 routing
Routing Number: 67-0095
Start Date: January 8, 1930
Location: Orangeburg, South Carolina (33.492, -80.856)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 76c24724af08b1d8

Response Measures

None

Description

Depositors elected a receiver on January 8, 1930; OCR corrected minor spacing errors.

Events (1)

1. January 8, 1930 Receivership

Newspaper Excerpt: DEPOSITORS OF PLANTERS BANK NAME RECEIVER ... meeting called by the State Bank Examiner ... held at the 8th day January, 1930 that before Receiver be had for provision for the of the affairs of said ... the Receiver will operate ... to liquidate affairs of the bank promptly
Source: newspapers

Newspaper Articles (1)

1. January 9, 1930 The Times and Democrat Orangeburg, SC

Article from The Times and Democrat, January 9, 1930

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Article Text

DEPOSITORS OF PLANTERS BANK NAME RECEIVER (Continued from Page One) that he will actively begin his work as receiver at once and will do in his power to liquidate affairs of the bank promptly He intends to keep in close the depositors represented at the The gov the liquidating of the at fairs the Planters Bank, and under which the receiver will op. erate were adopted Resolutions IT RESOLVED by the depositors and unsecured creditors of The Planters Bank Orangeburg. S. in meeting called by the State Bank Examiner the purpose electing Receiver and for the liquidation of the of said bank held at the 8th day January, 1930 that before Receiver be had for provision for the of the affairs of said IT RESOLVED. by the many unsecured and ed creditors of The Planters Bank meeting prior election of Receiver that the sense judgment and decision of the depositors that the and for the Bank shall no other for his ser vices and expenses than that spec ified in the Act of authorized by unsecured positors and creditors or the ad visory committee of the ed and creditors: and the Receiver shall pay from his for all of the clerical, and nec essary and by him in the performance of his IT RESOLVED. that an Advisory Committee three be selected by the unsecured and creditors to with, advise and direct the Receiver in performance of his duties. That the committee shall have the power of scrutiny and investigation all of the and doings of the and of the affairs bank to the the Receivership and assist in the liquidation of the affairs of bank shall next two or meet with the Receiver least once week receive report from him of his acts and doings. and for directing and thereafter at least monthly, and member shall paid dollars for each meeting out of the funds of the bank In of shall be fill. ed by the other members thereof another of the unsecured depositors and bank That Riley Henry D. Sandel and Walker lected members of the Advisory IT RESOLVED that no Item expense shall be incurred the Receiver for navment out of the funds of the bank the approval of the Advisory Committee IT RESOLVED that meeting of denositors and creditors of the bank shall be called by the Receiver whenever desired by the Advisory Committee petitioned therefor unsecured depositors and creditors representing ten cent in number and per in amount of the unsecured and of the to such further provisions and for the liquidation of the affairs of the bank IT that the fixtures the bank shall disDosed by the Receiver with the assistance and approval of the Advisory Committee early as possible: and that the occupancy of the present bank building be vacated as early as that is possible. and that thereafter an office quarters be obtained for the as reasonable a rental as IT RESOLVED that the Receiver shall make payment unto the unsecured depositors and creditors as soon as funds are available to pay them ten per cent