Citizens Bank - Gates, NC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 20, 1930
Location: Gates, North Carolina (36.503, -76.769)

Metadata

Model: gpt-5-mini
Short Digest: 407a304b

Response Measures

None

Description

Article (Dec 20, 1930) reports liquidating checks sent to creditors of the 'defunct Citizens bank, Gates' by the state examiner's liquidation agents. No mention of a run; bank is in liquidation/defunct, so classified as suspension leading to permanent closure/receivership.

Events (2)

1. December 20, 1930 Other

Newspaper Excerpt: Dec. Liquidating checks amounting total were mailed today from the state examiner's liquidation agents ... The dividend for ... amounted $4,600.
Source: newspapers

2. December 20, 1930 Receivership

Newspaper Excerpt: The third dividend payment was made 250 creditors defunct Citizens bank Gates, bringing the total dividend payments the this bank ... Liquidating checks ... were mailed today from the state examiner's liquidation agents ... to 2,075 creditors.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1930 The Greensboro Record Greensboro, NC

Article from The Greensboro Record, December 20, 1930

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Article Text

Liquidating Checks Mailed Official By Dec. Liquidating checks amounting total were mailed today from the state examiner's liquidation agents three defunct North Carolina banks to distributed 2,075 creditors. dividend mailed distribution creditors the closed Angier and Trust company. The checks amounted and was the dividend creditors this bank. The third dividend payment was made 250 creditors defunct Citizens bank Gates, bringing the total dividend payments the this bank 80 per The dividend for per cent amounted $4,600. about production cotton in