Commercial Bank (Chester, SC)

Episode Information

Episode Type
Suspension โ†’ Reopening
Start Date
March 1, 1933*
Location
Chester, South Carolina (34.705, -81.214)
Bank Type
state
Routing Number
67-0124

Metadata

Events (2)

1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Statewide banking holiday ordered by South Carolina authorities (Governor Blackwood/state board of bank control)
Newspaper Excerpt
South Carolina banking holiday ... Holiday Beginning March lifted
Source
newspapers
2. March 18, 1933 Reopening
Newspaper Excerpt
Commercial Bank of Chester, ... authorized to reopen unrestrictedBank of Abbeville... Chester. Commercial Bank of Chester, Continued on Page 6, Col.
Source
newspapers

Newspaper Articles (2)

Article Text

Farm Relief Program Promises To Develop Into Bitter Legislative War STATE BANKS TO RESUME BUSINESS TODAY

Unrestricted Bank Business Permitted By Order Blackwood

Holiday Beginning March Lifted And Normal Work Will Be Resumed

TOTAL 108 IN STATE ARE NOW OPERATING

Strict Instructions For Building And Loan Bodies Issued By Governor

COLUMBIA, Mar. South Carolina banking which began March lifted today. The state board of bank control, under direction of Govenor Blackwood, authorized 89 nonfederal reserve state banks and cash depositories to resume unrestricted operations tomorrow, except the regulation against

10 NATIONAL BANKS

Permission was given 10 national banks and four state bank members of the Federal reserve system, which at the request had been observing the state holiday. to reopen today. Five national banks. which along with these had been authorized by the federal reserve to reopen earlier in the week, already had resumed operations. South Carolina 108 banks either open today authorized to begin unrestricted business tomorrow. The board control gave eight additional state banks authority to open tomorrow under depositors' Lements, or court order. The board of control. after six of day and retonight until noon Monday. H. Scarborough. chairman. all banks not announced for would be taken again when the board resumes its The following banks and cash deto resume business: The state banks were authorized to reopen unrestrictedBank of Abbeville, Abbeville Allendale Cash depository, AllenFarmers and Merchants bank, Aiken. Bank of Barnwell, Barnwell Batesburg Cash depository. Batesburg Farmers bank, Belton. Marlboro Trust company, Bennettsville. Bank Marlboro, Bennettsville. and Farmers Bethune. Peoples bank, Bishopville. Bank of Blackville, Blackville. Citizens and bank, and Merchants bank, Charleston. Carolina Savings bank, Charles-

Mutual Savings bank, Charleston White Chester. Commercial Bank of Chester,

Continued on Page 6, Col.


Article Text

THREE CHESTER BANKS BACK IN OPERATION

Special to The State. Chester, Mar. Commercial bank, People's National bank and White's bank opened morning promptly, following South Carobanking holiday was learned today that the deposits exceeded the the three institutions by The banks now open regular business and there feeling of optimism among the people.