Article Text
The state bank examiner of Virginia 1 has just applied to Judge W. W. Moffett of the circuit court of Montgomery county for the appointment of a receiver for the Radford State 1 Bank.
Radford State Bank (Radford, VA)
Episode Information
- Episode UID
68047871423- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
6804787routing - Routing Number
68-0478- Start Date
- July 12, 1918
- Location
- Radford, Virginia (37.120, -80.557)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
f2abbd14fdd9fb91
Response Measures
None
Description
State examiner closed the bank for irregularities and sought a receiver.
Events (2)
1.
July 12, 1918
Suspension
- Cause
- Government Action
- Cause Details
- State corporation commission ordered closure after examiner found irregularities and impaired capital; directors had not corrected problems.
- Newspaper Excerpt
- the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.
- Source
- newspapers
2.
July 14, 1918
Receivership
- Newspaper Excerpt
- this afternoon applied to Judge W. W. Moffett... for the appointment of a receiver for the Radford State bank. The petition... sets forth that an examination of the books of the bank has revealed irregularities in the conduct of the institution, that its capital has been impaired, and that the order of the corporation commission... has not been complied with.
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Bank In Bankruptcy. Roanoke, Va., July 14.-Acting under the direction of the state corporation commission. C. C. Barksdale, of Richmond, state bank examiner, this afternoon applied to Judge W. W. Moffett. of the circuit court of Montgomery county, for the appointment of a receiver for the Radford State bank. The petition, presented to Judge Moffett by R. Holman Willis, of this city. attorney for Examiner Barksdale, sets forth that an examination of the books of the bank has revealed irregularities in the conduct of the institution, that its capital has been impaired, and that the order of the corporation commission that the directors of the bank proceed forthwith to correct the irregularities has not been complied with. The petition further shows that the commission deemed it necessary to close the doors of the bank on July 12 and place its affairs in charge of John A. Beeker, assistant to the chief bank examiner.