Article Text
P A Winston Bank suspends. WINSTON, N. C., Aug. 18.-[Special.]The People's National bank has temporarily suspended because of inability to get currency.
Peoples National Bank (Winston-Salem, NC)
Episode Information
- Episode UID
429201124- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
-
42920national - Charter Number
- 4292
- Start Date
- August 18, 1893
- Location
- Winston-Salem, North Carolina (36.100, -80.244)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
75d434259d8fbc0e
Response Measures
None
Receivership Details
- Depositor recovery rate
- 17.5%
- Date receivership started
- 1931-06-29
- Date receivership terminated
- 1937-01-30
- OCC cause of failure
- Governance
- Share of assets assessed as good
- 26.9%
- Share of assets assessed as doubtful
- 37.2%
- Share of assets assessed as worthless
- 36.0%
Events (4)
1.
April 28, 1890
Chartered
- Source
- historical_nic
2.
August 18, 1893
Suspension
- Cause
- Correspondent
- Cause Details
- Unable to obtain currency/coins from correspondents and depositories in Richmond and other cities, forcing temporary suspension.
- Newspaper Excerpt
- The People's National bank has temporarily suspended because of inability to get currency.
- Source
- newspapers
3.
September 21, 1893
Reopening
- Newspaper Excerpt
- The People's National Bank ... after thirty days suspension, resumed business this morning. Everything All Lovely and the Capital and Accounts ... The People's National Bank of Winston ... which suspended payment August 18, has been permitted to reopen its doors for business.
- Source
- newspapers
4.
June 29, 1931
Receivership
- Source
- historical_nic
Newspaper Articles (11)
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Article Text
ANOTHER AT WINSTON The People's National Bank Goes Up To-day. It Is Temporary and Shortage of Currency the Cause. WILL OPEN AFTER THINGS GET O. K. People Who Come and Go-Brief Brevities of Interest to All Readers of The Globe. WINSTON, N. C, Aug. 18.-[Special.]The People's National bank closed its doors this morning and announced that it had temporarily suspended. The cause given is that it has been unable to get currency. It appears that the bank will be able to resume business as it has ample assets, but it could not meet the demand for small change, when currency is selling at a premium of $40 on the thousand. There is no doubt but what the bank is solvent and will open on time, but good business judgement caused it to close its doors for the present. DAILY SENTINEL.
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Forced to Close Its Doors. [Special telegram to the Dispatch.] WINSTON, N. C., August 18.-The People's National Bank of this place was forced to close its doors this morning on account of inability to realize upon its assets. National-Bank-Examiner J. C. Buxton is in charge. The bank seems to be perfectly solvent, and it is hoped the suspension is only temporary. The suspension was precipitated by failure to receive funds from the bank depository in Richmond and at other points.
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People's National Bank of Winston Closed. Washington, Aug. 18. - Controller Eckels was to-day informed that the People's National Bank of Winston, N. C., capital $100,000, has suspended.
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NORTH CAROLINA BANK. WASHINGTON. Aug. 18.-Comptroller Eckels was today informed that the Peoples' National bank of Winston, N. C., capital $100,000, had suspended.
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LACK OF CURRENCY Causes the People's Bank to Suspend Temporarily. The People's National Bank suspended payment temporarily Friday morning owing to the impossibility of getting currency to transact the day's business. There were balances due the bank at Richmond and other cities, but the currency could not be obtained from the bank there. The announcement took our people somewhat by surprise, as the bank was known to be in good condition; besides, it has been carefully managed, and every remittance and every collection is paid up to date. The trouble is like that of a merchant who has not on hand the goods ordered of him.
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WINSTON IS HIT AGAIN. The People's National Bank Suspends Payment. WINSTON, N. C.-The People's Na. tional Bank suspended payment temporarily, owing to the impossibility of getting currency to transact the day's business. There were balances due the bank at Richmond, Baltimore and other cities, but the currency could not be obtained from the banks there. The fullowing notice was placed on the bank door: "Owing to the facts that we cannot secure currency and that we are unable to realize upon our securities, the business of this bank it temporarily suspended. W. A. BLAIR, President." The announcement took the people somewhat by surprise, as the bank was known to be in good condition; besides, it has been carefully managed, and every remittance and every, collection is paid up to date.
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WINSTON IS HAPPY ! The People's National Bank Resumed To-day. Everything All Lovely and the Capital and Accounts G. K. ALL THE BANKS OF WINSTON IN IT This Shows That the Hard Times Are Coming to an End in the Progressive Twin City. WINSTON, Sept. 21.-[Special.]-The People's bank, of this city, after thirty days suspension, resumed business this morning. The capital, surplus and undivided profits are unimpaired. All the Winston banks are now transacting business as usual before the panic. DAILY SENTINEL.
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Winston, N. C., Bank Resumes. The People's National Bank of Winston, N. C., which suspended payment August 18, has been permitted to reopen its doors for business.
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Another Winston Bank Reepens. (By telegraph to the Dispatch.) WASHINGTON, D. C., September 21.The People's National Bank, of Winston, North Carolina, which suspended payment August 18th, has been permitted to reopen its doors for business.
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PEOPLES' NATIONAL BANK ITRESU MED BUSINESSTHURSDAY MORNING. Capital, Surplus and Univided Profits Unimpaired-No Assessments Made on Stockholders. Winston now has no closed banks! The Peoples' resumed business Thursday morning at the old stand. Thirty days ago the bank suspended payments, temporarily, owing to a lack of currency. Be itsaid to the credit of the institution, the capital, surplus and undivided profits were unimpaired, hence there were no losses to anybody. Another fact worth mentioning is that the bank resumed business without making any assessment on the stockholders. President Blair tells THE SENTINEL that the bank resumes business with better backing and stronger resources than it ever had before. Nearly all of the depositors have signed an agreement not to check for a given time, but the management will place all amounts to the accounts subject to check as soon as possible.