Raleigh National Bank of North Carolina (Raleigh, NC)

View Charter #3389 on SPMC View balance sheet

Episode Information

Episode UID
338901586
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
33890 national
Charter Number
3389
Start Date
February 1, 1932
Location
Raleigh, North Carolina (35.772, -78.639)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1904eb9dd92eb882

Response Measures

None

Description

Multiple official notices and a receiver appointment indicate the bank was placed in receivership; OCR text corrected for minor punctuation.

Events (5)
1. September 7, 1885 Chartered
Source
historical_nic
2. July 15, 1905 Voluntary Liquidation
Source
historical_nic
3. February 1, 1932 Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency issued notice to claimants and named a receiver; bank placed in receivership by federal authorities
Newspaper Excerpt
Office of the Comptroller of the Currency, Washington, D. February 1932 Notice is hereby given all persons who may claims against The National Bank Raleigh, North Carolina, the must presented Alfred D. Receiver
Source
newspapers
4. December 8, 1933 Receivership
Newspaper Excerpt
Comptroller of the Currency today announced appointment of Leon Brassfield, Raleigh, receiver as of National Bank Raleigh. Brassfield's commission effect immediately, was said the Treasury's insolvent bank's divis- He expected the affairs the bank early next week ... receiver's salary closed paid out of the bank's funds, ... assigned receiver for the bank by Comptroller of the Currency (Dec. 1933).
Source
newspapers
5. January 28, 1934 Other
Newspaper Excerpt
RALEIGH BANK RECEIVER APPLIES FOR RFC LOAN the National bank of Raleigh today filed application with the Reconstruction Finance corporation through treasury pay per-cent dividend to depositors.
Source
newspapers

Newspaper Articles (5)
1. April 10, 1932 The News and Observer Raleigh, NC

Article Text

SHARP ADVANCES IN WHEAT Astonishing Crop Damage Statement Sends Wheat and Corn Skyrocketing Chicago, April rocket flight, wheat upward bushel, following fast An that the wheat crop had as the harvest buying the giant gathered which the report pended. Owing to big selling to realize profits the values, wheat advanced, provisions changed oats borrowed strength but rather ing the spots. interestdevelopment Chicago prices not parity Provisions sympathized ward High 24% May May Oats, Timothy Clover Bellies, NEW COTTONSEED OIL tonseed shade trading limited. Prime and crude closed 3.21, October LONDON BAR SILVER TREASURY DEPARTMENT Office of the Comptroller of the Currency, Washington, D. February 1932 Notice is hereby given all per sons who may claims against "The National Bank Raleigh," North Carolina, the must presented Alfred D. Receiver, with the legal thereof within months from this date or they may be dis allowed.

2. April 27, 1932 The News and Observer Raleigh, NC

Article Text

TREASURY DEPARTMENT Office of the Comptroller of the Currency. Washington, D. C. February 1, 1932 Notice is hereby given all per sons who may claims against "The National Bank of Raleigh," North Carolina. that the same must be presented to Alfred D. Receiver. with the legal proof thereof within three months

3. December 8, 1933 The News and Observer Raleigh, NC

Article Text

Brassfield New Receiver Job Declined By Democratic County Chairman Offered to His Predecessor BRASSFIELD SURPRISED: ACCEPTANCE UNDECIDED Senator Bailey's Secretary 'Most Pleased' By Second Appointment to Job By PAUL MAY. Washington, Dec. Comptroller of the Currency today an nounced appointment of Leon Brassfield, Raleigh, receiver as of National Bank Raleigh. Brassfield's commission effect immediately, was said the Treasury's insolvent bank's divisHe expected the affairs the bank early next week Brassfield's salary has not yet been fixed, said. fixed, prob some time week, made public, officials averred receiver's salary closed paid out of the bank's funds, though ranks official Treasury Senator Josiah Bailey, who left Washington Tuesday home Carolina, was credited capitol having brought about the change receivers Bailey, said, submitted list of four five names recommendation, from which one to chosen. Brassfield practicing attorney Raleigh, and former solicitor the Superior court district here, cording to Thad Page, Senator Bai secretary, knew Prassfield and was "most learn his appointment." The Senator's secretary declined whether Brassfield the Sen recommendation for the post, that "you know wouldn't appoint bank receiver the Senator's home town without Senator's Mr though never having served before, has "every qualification for the job," Reynolds Not Consulted. Brassfield selected without to "standing Reynolds of Fayetteville, named, receivership in North which become vacant. Sen made, and specifically renewed in Raleigh said Senator effort pointment, "After it's Senator Bailey's town,' added.

4. January 28, 1934 The Charlotte Observer Charlotte, NC

Article Text

RALEIGH BANK RECEIVER APPLIES FOR RFC LOAN the National bank of Raleigh today filed application with the Reconstruction Finance corporation through treasury pay per-cent dividend to depositors.

5. January 28, 1934 The Atlanta Journal Atlanta, GA

Article Text

Raleigh Bank Receiver Asks Loan From RFC office Senator Bailey Democrat North Carolina) announced that National Bank of Raleigh had applied through treasury for loan from nance sufficient to pay per dividend and Lentz will Bailey fer with officials Tuesday an to have the application approved and