Articles (July 1913) report the Exchange Bank of Littleton was closed by the West Virginia State Banking Commissioner and a receiver (B. A. / E. A. Pyles) was appointed. No mention of a depositor run is present; closure was by government action and a receiver was named, so classify as suspension leading to closure/receivership.
Events (2)
1.July 12, 1913Suspension
Cause
Government Action
Cause Details
Closed by order of the state banking commissioner (state banking department intervened).
Newspaper Excerpt
DEPOSITORS Of the Failed Bank at Littleton Will Not Lose Any Money. CHARLESTON, July 12.-That the depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner...
Source
newspapers
2.July 17, 1913Receivership
Newspaper Excerpt
State Commissioner of Banking Samuel V. Mathews to-night announced the appointment of B A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton, whose doors were closed by Mathews two weeks ago Pyles is cashier of the Bank as Littleton,
Source
newspapers
Newspaper Articles (4)
1.July 12, 1913The Daily TelegramClarksburg, WV
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Article Text
DEPOSITORS Of the Failed Bank at Littleton Will Not Lose Any Money. CHARLESTON, July 12.-That the depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner will lose little or nothing, was the announcement made last night by Banking Commissioner Samuel V. Mathews, upon his return from Littleton. In order to save the depositors Mathews stated the stockholders will be assessed about 100 per cent, the maximum under the state law. A receiver to wind up the bank's affairs will be appointed.
PYLES NAMED AS RECEIVER Special Dispatch to the Intelligencer CHARLESTON W. Va., July 17.State Commissioned of Banking Samuel V. Mathews to-night announced the appointment of B A. Pyles, of Littleton as receiver for the Ex. change Bank of Littleton, whose doors were closed by Mathews two weeks ago Pyles is cashier of the Bank as Littleton,
3.July 18, 1913The Birmingham Age-HeraldBirmingham, AL
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Article Text
Pyles Appointed Receiver Charleston, W. Va., July 17.-E. A. Pyles of Littleton has been appointed receiver for the Exchange bank of Littleton, W. Va., which failed several weeks ago, The state banking department is making a thorough investigation.
4.July 18, 1913The Fairmont West VirginianFairmont, WV
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Article Text
PYLES NAMED AS RECEIVER. CHARLESTON. July 18. State Commissioner of Banking Samuel V. Mathews tonight announced the apr pointment of B. A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton. whose doors were closed by Mathews two weeks ago. Pyles is cashier of the Bank of Littleton.
