20114. National Loan & Exchange Bank (Greenwood, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 26, 1933
Location
Greenwood, South Carolina (34.194, -82.154)

Metadata

Model
gpt-5-mini
Short Digest
1ce49571

Response Measures

None

Description

Newspaper items (Jan–Apr 1933) identify the National Loan and Exchange Bank of Greenwood as being in the hands of a receiver and advertise sale of assets. No article mentions a depositor run; the bank was placed in receivership and assets were being sold, indicating suspension and permanent closure.

Events (3)
1. January 26, 1933 Receivership
Newspaper Excerpt
National Loan and Exchange bank (receiver) $36,000.
Source
newspapers
2. April 28, 1933 Other
Newspaper Excerpt
Under and virtue of certain directed the Court ... for National Loan Exchange Bank Greenwood ... will offer public ... sale ... furniture fixtures ... accounts receivable ... inventory of property ... WHITE, Sheriff Greenwood County.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership (receiver appointed); payments/suspension implied by receivership.
Newspaper Excerpt
National Loan and Exchange bank (receiver) $36,000.
Source
newspapers

Newspaper Articles (2)
1. January 26, 1933 The Index-Journal Greenwood, SC
Article from The Index-Journal, January 26, 1933

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Article Text

Loans In This State Are Published Loans authorized during December included: Camden, the Bank Columbia, Victory Savings bank, $10,000. the Bank of Greenwood, National Loan and Exchange bank (receiver) $36,000. Winnsboro, Bank of $5,000. Charleston, Charleston Building and Loan association, $6,300. Columbia, Security Building Loan association, $170,682. Columbia, the First Carolinas Joint Stock Land bank of Columbia, $75,000.

2. April 28, 1933 The Index-Journal Greenwood, SC
Article from The Index-Journal, April 28, 1933

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Article Text

NOTICE SALE Under and virtue of certain directed the Court Common Pleas Greenwood State South Far for National Loan Exchange Bank Greenwood Howard Blankenship Howard Ellis. Federal Reserve Bank Virginia Howard and Receivers Howard purpose levied and and will offer public the highest bidder for before Courthouse door during the legal hours sale Monday 1933, the furniture fixtures. auto accounts receivable. stock goods consisting caskets, vaults, clothing and other items, the Howard property Ellis. Inc. and located place business said inventory of property by applying the undersigned. WHITE. Sheriff Greenwood County.