Bank of Fayetteville - Fayetteville, NC

Episode Information

Episode UID: 7984011291558
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 798401129 hash
Start Date: October 1, 1929*
Location: Fayetteville, North Carolina (35.053, -78.878)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 9200402edda42de1

Response Measures

None

Description

The article discusses a legal dispute involving the receiver of the failed Bank of Fayetteville regarding county funds.

Events (2)

1. October 1, 1929* Suspension

Cause Details: The bank failed and went into receivership; specific cause of suspension not detailed in this legal summary.
Newspaper Excerpt: the Bank of Fayetteville went into the hands of a receiver... the bank went before the bond could be given.
Source: newspapers

2. October 16, 1929 Receivership

Newspaper Excerpt: Alfred Burrows, National Bank Receiver... the Bank of Fayetteville went into the hands of a receiver
Source: newspapers

Newspaper Articles (1)

1. October 16, 1929 News and Record Greensboro, NC

Article from News and Record, October 16, 1929

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Article Text

FAIR AT ASHEBORO GETS UNDER WAY CUMBERLAND COUNTY WINS BEFORE COURT Many Visitors Flock Town. Court of Appeals Decides Against Opening Day Given Over to Alfred Burrows, National School Children. Bank Receiver. Daily News) of visitors this and today. the opening day of the Randolph county fair when throngs of people all sections of the county visited the fair grounds. This being educational day. school children from all over the county present, grounds free Especially interesting on this day was the educational. or school display, which the largest it has ever occupies one whole wing of the building displays from several of the county schools, white and negro. Attracting interest also is the booth Randolph form model farm. with miniature farm house, windmill, implements, of fenced fence were the this but the farmers and wives getting points' attractive display morrow day attract many of the the county Daily News) Va., Oct. the Bank of Fayetteville treasurer determine the rights certain had ferred the bank the county deposit funds. was brought United States and the transfer was attacked on the ground was contemplation ing references section 5242 the revised statutes the federal appeal court favor the official was claimed the the treasurer held pending the giving was under legislative not went before bond could be given.