Home Savings Bank - Wilmington, NC

Episode Information

Episode UID: 66000871573
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 6600087 routing
Routing Number: 66-0008
Start Date: January 1, 1931*
Location: Wilmington, North Carolina (34.226, -77.945)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f4a2720d36933d92

Response Measures

None

Description

Bank closed in January and placed in liquidation after a discovered shortage and convictions of officers.

Events (2)

1. January 1, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed after discovery of a $186,000 shortage in its accounts and related criminal convictions of officers
Newspaper Excerpt: which closed in January, resulting in the discovery of a shortage of $186,000 in its accounts
Source: newspapers

2. September 26, 1931 Receivership

Newspaper Excerpt: The liquidating agent of the Home Savings bank, which closed in January, ... tonight announced that a dividend of 10 per cent will be paid to depositors within the next two weeks.
Source: newspapers

Newspaper Articles (1)

1. September 27, 1931 News and Record Greensboro, NC

Article Text

Dividend Will Be Paid By Defunct Wilmington Bank (Special to Daily News) Wilmington, Sept. 26.—The liquidating agent of the Home Savings bank, which closed in January, resulting in the discovery of a shortage of $186,000 in its accounts, tonight announced that a dividend of 10 per cent will be paid to depositors within the next two weeks. Jesse F. Roache, vice president and cashier of the bank, and M. Douglass Clarke, assistant cashier, were convicted on false entry charges and are now serving terms in state's prison. Georgia Tech football players this year will be clad in shockproof helmets, invention of Coach Bill Alexander.