National Exchange Bank (Weston, WV)

View Charter #1607 on SPMC View balance sheet

Episode Information

Episode UID
160701582
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
16070 national
Charter Number
1607
Start Date
October 4, 1931
Location
Weston, West Virginia (39.038, -80.467)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f026afdd561af12f

Response Measures

None

Receivership Details

Date receivership started
1931-10-09
Date receivership terminated
1932-09-15
OCC cause of failure
Economic conditions

Description

Contemporary notice says closes for liquidation (Oct 4); receiver presence reported later (receiver wounded Oct 20).

Events (6)
1. November 10, 1865 Chartered
Source
historical_nic
2. October 4, 1931 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed for liquidation as reported in local brief notice.
Newspaper Excerpt
Weston—National Exchange bank closes for liquidation.
Source
newspapers
3. October 9, 1931 Receivership
Source
historical_nic
4. October 9, 1931 Receivership
Newspaper Excerpt
Charles R. Carter ... receiver for the National Exchange Bank which closed here recently found shot ... (reports Oct 20). The bank had been closed and a receiver was in charge by early October 1931.
Source
newspapers
5. September 15, 1932 Restored To Solvency
Source
historical_nic
6. September 15, 1932 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. October 4, 1931 Bluefield Daily Telegraph Bluefield, WV
Article from Bluefield Daily Telegraph, October 4, 1931

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Article Text

West Virginia Briefs (By The Associated Press) Charleston—Public service commission orders new and uniform temporary schedule of gas rates effective throughout territory of United Fuel Gas company in southern West Virginia. Weston—National Exchange bank closes for liquidation. Elkins—Scores of floats entered in grand parade of second annual mountain state forest festival. Clarksburg—West Virginia district convention, Quota clubs, elects officers.

2. October 20, 1931 Pittsburgh Sun-Telegraph Pittsburgh, PA

Article Text

Bank Receiver Shot; Found With Note WESTON W Va., Oct. AP Charles R. Carter 50. of for the National Exchange Bank which closed here recently found shot and probably fatally wounded in the basement of the bank today Carter left note and authorities said he apparently shot him-

3. October 21, 1931 Charleston Daily Mail Charleston, WV
Article from Charleston Daily Mail, October 21, 1931

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Article Text

CARDER EXPECTED TO DIE WESTON, Oct. 21 (AP).—Charles R. Carder, 50 years old, Huntington receiver for the Weston National Exchange bank, lay between life and death in a hospital today with little chance for recovery from the bullet wound he inflicted in his head yesterday. The bullet entered Carder's right temple, severed the optic nerve and emerged from the left temple.