Virginia State Bank (Hopewell, VA)

Episode Information

Episode UID
68051071460
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
6805107 routing
Routing Number
68-0510
Start Date
August 1, 1921*
Location
Hopewell, Virginia (37.291, -77.299)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b8de9920e6a99af4

Response Measures

None

Description

Closure date is inferred from closed its doors four months ago (Dec 3, 1921), so August 1921 is approximate.

Events (2)

1. August 1, 1921* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Majority of bank collateral were liberty loan bonds that declined in value after the war, undermining solvency.
Newspaper Excerpt
Virginia State Bank, which closed its doors four months ago
Source
newspapers
2. December 3, 1921 Receivership
Newspaper Excerpt
Attorneys J.O. Heflin and David Harrison, receivers for the Virginia State Bank, which closed its doors four months ago, have arranged ... to sell the property of the bank
Source
newspapers

Newspaper Articles (2)

Article from Evening Star, December 4, 1921

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Article Text

BANK PROPERTY TO GO ON THE AUCTION BLOCK Hopewell Court Orders Sale of $30,000 Property on December 9. Special Dispatch to The Star. HOPEWELL, Va., December 3.Attorneys J.O. Heflin and David Harrison, receivers for the Virginia State Bank, which closed its doors four months ago, have arranged, in pursuance of an order from the Hopewell circuit court, to sell the property of the bank, amounting to about $30,000. at public auction on December 9. The receivers, who were handicapped by the fact that the majority of the bank's collateral consisted of liberty loan bonds, which have decreased in value since the war, have. made exemplary progress in the handling of the bank's affairs and in bringing them to a speedy conclusion for the alleviation of the small depositors who suffered much when the bank went under. It is expected that the bank's affairs will be completely wound up within three more months.


Article from Richmond Times-Dispatch, December 22, 1921

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Article Text

To Examine Receivers' Report. HOPEWELL VA., Dec. 21.-Depositors of the defunct Virginia State aBuk. of Hopewell, held a meeting last night, at which a subcommittee was named to examine the report of the bank's receivers.