Article Text
Bank Shuts Its Doors. The doors of the Bank of Kinston. N. C., closed. S. H. Loftin, proprietor of the bank. having assigned with liabilities amounting to more than $100,000. The failure has caused a money panic in Kinston.
Bank of Kinston (Kinston, NC)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- June 4, 1901
- Location
- Kinston, North Carolina (35.263, -77.582)
- Bank Type
- state
Metadata
Notes
Owner S. H. Loftin assigned with liabilities, indicating failure/insolvency.
Events (3)
1.
June 4, 1901
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Proprietor S. H. Loftin assigned (failed/insolvent) with liabilities over $100,000, leading to closure.
- Newspaper Excerpt
- The doors of the Bank of Kinston, N. C., closed. S. H. Loftin, proprietor of the bank, having assigned with liabilities amounting to more than $100,000.
- Source
- newspapers
2.
June 4, 1901
Receivership
- Newspaper Excerpt
- S. H. Loftin, proprietor of the bank, having assigned with liabilities amounting to more than $100,000.
- Source
- newspapers
3.
June 4, 1901
Other
- Newspaper Excerpt
- The failure has caused a money panic in Kinston.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Bank Shuts Its Doors. The doors of the Bank of Kinston, N. C., closed. S. H. Loftin, proprietor of the bank. having assigned with liabilities amounting to more than $100,000. The failure has caused a money panic in Kinston.