1061401584 106140
national
59da7ae71c0670e9Fed/other loan, Capital injected, Full suspension
Bank Suspensions. Goldsboro, N. C., Dec. 28 (P).Three Wayne county banks failed today Officials said heavy with drawals had the closings. They were Wayne National bank of Goldsboro, the Citizens bank of Mount Olive and the Bank of Pikeville at Pikeville. The combined deposits were given in September statements as $2,321,095.34 New Dec. prices hot vanized rolled, steel
BUSINESS SUSPENDED BY FOUR WAYNE BANKS GOLDSBORO, Dec. The closing of four Wayne county banks today "heavy withdra and small run left one town without banking facilities and hampered business in two more communiMount Olive was bankless as the First National bank there closed & few minutes beginning of what officials said was 'small run. The bank there did not open this officials had been heavy during the past several days. The banks were the Wayne National Bank of Goldsboro Bank of Pikeville of Pikedid open heavy with-
TWO MORE BANKS WILL CLOSE TODAY Failures At Wilson And Goldston Follow Lead Of Four In Wayne County Dec. Bank Commissioners Gurney P. Hood tonight said he had been informed the Planters bank of Wilson and the Bank of Goldston would not open their doors tomorrow morning The Planters bank had deposits of $825,000 and was capitalized $100,000 with 30,000 surplus and undivided George E. Walston president, ported efforts would be made to reopen it under depositors agreement W. M. Farmer was vice president and The Bank of Goldston in Chatham had deposits of more than $100,000 and had capital and surplus of $26,000. Hugh Womble was president. and T. W. Goldston cashier Dec. closing of four Wayne county banks today following "heavy withdrawals and small left one town withrun banking facilities and hampered jusiness in two more communities Mount Olive was bankless as the First National bank there closed a few minutes after the of beginning what officials was "small run.' The Citizens bank there did not open withdrawals had been heavy during the past several The other banks were the Wayne National bank of Goldsboro and the Bank of Pikeville of Pikeville These also not open today because of "recent heavy withdrawals. None of the banks are related Their deposits were given as The Wayne is of National bank one the largest in eastern North Carolina Its directors yesterday to close and W. E. announced the cause was heavy withThe bank listed deposits of K. Borden is president The Bank of was capitalat $20,000 and had surplus of the Citizens bank was capitalland at and had surplus of the Wayne National bank was $350,000 and had surplus of Statements of the First National bank gave its as with and capital of $50,000 each. T. Thigpen is its president
Bank Suspensions. Goldsboro, N. C., Dec. 28 Three Wayne county banks failed today. Officials said heavy withdrawals had caused the closings. They were the Wayne National bank of Goldsboro, the Citizens bank of Mount Olive and the Bank of Pikeville at Pikeville. The combined deposits were given in September statements as
Click image to open full size in new tab
Four Banks Close In Wayne County Goldsboro.-Three Wayne county banks did not open for business and one other closed in a few minutes after depositors started a small run last week. None of the banks are connected. Two of the banks were in Mount Olive and their closing left the town with no banking facilities. The First National Bank of Mount Olive closed after what officials described as a run. The others are the Wayne National Bank of Goldsboro, the Citizens Bank of Mount Olive and the Bank of Pikeville in Pikeville. Their combined deposits were given in a September statement as $2,321,095.34. Officials said heavy withdrawals forced them to close.
BANK STOCKHOLDERS ARE DIRECTED TO PAY Holders of Shares in Wayne Bank Assessed By troller Goldsboro, March in the Wayne National Bank, sus pended, were odered Wednesday their individual liabilities amounting to $325,000 to the ceiver, Frank Fagan, by Pole, Comptroller of the Currency. are paid on before the first day of April, the said. The order that and every one of the stockholders pay the par value of every share of the capital stock of the bank and the receiver take all necessary proceedings, suit otherwise, to enforce that extent the said dividual liability of the said shareholders." Two thousand four hundred of the 4,000 depositors of the ban's have signed an for the opening new bank. Those signed date represent 75 per cent of the total deposits.
John R. Crawford and wife, Clyde D. Crawford. transferred to Virginia Dare Clark and Robert Thomas Clark Goldsboro lot. located on Norwood Avenue, for $500. George K. Freeman, trustee, deeded to Frank F. Fagan, receiver of the Wayne National Bank, a Center street lot for $100. Sallie I. Daniels. widow of J. I. Daniels, et als deeded to Jephthah Casey 137 1-2 acres of New Hope land for $10 and other considera- HEALTH WORKERS VISIT WAYNE Dr. C. E. Smith, of the United States Public Health Service, Dr.
Appeal For Filing Claims Receiver Fagan Makes Some Points You May Want to Know About Some of the hundreds of depositors in the closed Wayne National Bank who signed the depositors' agreement for the first reopening plan are risking not getting dend checks on their accounts when the first dividend made. payment According statements made the staff of Receiver Frank gan, many folks who signed the positors agreement seem to think they need do nothing more in to receive dividends their on accounts with the bank. Actually, these folks are just like everybody else, and must make their claims in order to receive dividends. Claims should be supported with bank books. and many (Please Turn to Page Three)
Thousand Claims Deposit Are Not Filed Full Filing Necessary to Speed First Wayne Bank Dividend About thousand claims for posits in, and other accounts the closed Wayne National Bank still need to be according estimate Tuesday by an ceiver Frank of these claims would Many claim the amounts of clude one both checking and savings of one person or firm, counts number accounts on that is still to be filed runs which proof over the thousand considerably mark in total account passbooks which Savings with the Goldsboro Buildwere left Turn to
acres for $3,500. Laurinda T. Hooks, J. B. Hooks, Jr. W. Borden Hooks, executors pf estate of J. B. Hooks, and Wayne National Bank, receiver, to J. F. McInnis property on north Center street, $750.
NEED $49,000 MORE FOR OPENING OF BANK Goldsboro. Sept. 15.-One hundred and fifty-one thousand dollars of the $200,000 needed to open new bank in Goldsboro had on Thursday been subscribed by depositors of the closed Wayne National Bank and stockholders who had paid their double liability. Thursday was the final day on which preferred rights subscription to the holding com pany for the new bank were given to people of these two groups. A canvass will begin on Friday among others to sell the additional $49,000 worth of stock necessary to open the bank this fall. With the opening of the new bank the above plan. the Wayne bank receivers have hope of full payment of 100 cents on the dollar for all White
Hundreds Pulled Together To Assure Success of Plan Campus a Mirage Wherein Is Recounted Steps Which Preceded Today's Opening The Bank of Wayne is a reality. It opened its doors Thursday to serve the public who made it possible and whose it is It is an institution which owes its existence to the dreaming. planning. working. sacrificing of the people in whose midst it stands. These efforts of the hundreds of people who made the bank possible by their sacrifices are not the efforts of a day only. They had their beginning months ago-back yonder early in the spring, while the year was still young Now those dreams of nine or ten months ago are realities Back in January and February public spirited men of this section began to dream and plan a bank. Several conferences were held in Washington with the Comptroller of the Currency who approved a plan for the organization of a new bank in Goldsboro. That plan was submitted to a largely attended meeting of the depositors of the closed Wayne National Bank in the Court House Mar. 3, and those present unanimously endorsed the plan. The plan was that a new bank was to be organized with a capital of $100,000 and a surplus of $25,000. The bank was to take over the assets of the Wayne National Bank and pay the depositors of that bank 60 percent of their deposits in the following manner: 12 percent cash upon opening the new bank, 12 percent December 1, 1932. 6 percent June 1, 1933 12 percent December 1. 1933, 6 percent June 1, 1934, 12 percent December 1, 1934. The remaining assets of the Wayne National Bank, after paying the 60 percent. were to be liquidated as rapidly as possible and paid to depositors on a pro rata basis according to their deposits. First Plan Fails A committee composed of W. L. Rawlings, F. K. Borden, Herman Weil. D. H. Bland. H. G. Maxwell. George S. Daniels John R. Crawford. and Lonnie B. Smith had in hand the steering of this plan. Scores of workers called upon the depositors in the interest of the new bank. workers who were in- (Please turn 10 Page Six.)
List of Those Made During November Is Made Public Washington, Dec. Reconstruction Finance Corporation reported today had lent $70,000 Point, Perpetual Building Loan the North Carolina tual Life Insurance Company Durham, during November. Loans authorized banks and trust companies North Carolina during November follow: of Badin (receiver) $10,000. Champion Bank and Trust $30,000. Bank, $9,760. Elizabeth Bank and Trust (receivers) Wayne National of Goldsboro (receiver) $147,Carolina Bank Trust Co., $525,000. Greensboro United Bank and $250,000. Merchants Bank of Mount $6,000. County $2,000. of $10,000. United Bank, $3,000. Stony of Stony Point (receiver) $5,000.
PROMOTION PLANS TO BE DISCUSSED Plans for taking part in National Cotton Week will be discussed by the Merchants Division of the GoldsChamber of Commerce in meeting Tuesday morning at 9:30. It will be ascertained whether or not the merchants will take part in the week's observance. and if so what the participation will be. Plans will also be discussed for the tobacco— boosting meeting to be held on May 16. Merchants are urged to attend the meeting. BANK RECEIVER FILES SUIT F. F. Fagan. receiver of the Wayne National Bank. had filed suit in Wayne superior court Monday
ed to the Metropolitan Life Insurance Company 4 Slocumb street lots for valuable considerations. The following transfers were made to the Wayne National Bank, receiver of the estate of J. B. Hooks: Word H. Wood, commissioner of banks, ex rel Goldsboro Savings and Trust Company, a lot in Dudley for $10 and other considerations: four lots in Goldsboro for $301; 46 acres in Grantham township for $100; and 102 1-2 acres of land for $400; Gurney. P. Hood a lot on College street; Thomas H. Norwood, trustee, a lot on Herman street for $250; D. C. Humphrey and wife, Mabel L. Humphrey, a Herman street lot for $10 and other considrations.
RECEIVER REPORTS ON CLOSED BANKS Goldsboro, July held by the receiver comptroller depositors of the Wayne National which suspended operations totals the report Fagan, quarter ended On $231,980.29 has collected. Exreceivership have Cash hand for the National Bank closed December 1930, according report Monday. Expenses totaled and has been collected. payments stock date Dillinger Hunch. total 780 number received the heaviest play here day "numbers" game. The When Dillinger's was searched Chicago his pockets 780 cents.
Click image to open full size in new tab
FRANK FAGAN MADE RECEIVER OF BANKS Goldsboro Man Given Two More To Make Five Banks He Is Now Administering Goldsboro, Nov. 30 (AP)-Frank F. Fagan, of Goldsboro, has been appointed receiver of the First National Bank of New Bern and the National Bank of Washington, N. C., and will assume his duties December 5, it was announced today. Fagan will continue as receiver of the Wayne National Bank of Goldsboro the First National of Kinston, and the National Bank of Kinston.