Weldon Bank & Trust Company

Episode Information

Episode UID: 66051271572
Episode Type: Suspension → Reopening
Bank Type: trust
Bank ID: 6605127 routing
Routing Number: 66-0512
Start Date: December 17, 1930
Location: Weldon, North Carolina (36.427, -77.596)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b816ae663a458ffb

Response Measures

None

Description

Article states payments were temporarily suspended; no follow-up on reopening or permanent closure in provided articles.

Events (1)

1. December 17, 1930 Suspension

Cause Details: Article reports temporary suspension without specifying cause (mentioned among multiple NC bank closings).
Newspaper Excerpt: The Bank of Weldon and the Weldon Bank and Trust company announced payments had been temporarily suspended, the banking department said.
Source: newspapers

Newspaper Articles (1)

1. December 18, 1930 The Des Moines Register Des Moines, IA

Article from The Des Moines Register, December 18, 1930

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Article Text

BANK IN INDIANA CLOSES DOORS Trust and Savings at Rensselaer Had $830,000 Deposits. INDIANAPOLIS (AP)—The closing of the Trust and Savings bank at Rensselaer was announced Wednesday by the state banking department. The bank was closed as a precautionary measure. The institution was capitalized at $100,000, with deposits of $830,000, loans of $770,000 and undivided profits of $10,000. Bank of Sturgis, Ky. Closes. STURGIS, KY. (AP)—The Bank of Sturgis failed to open Wednesday. A notice on the door stated it had been taken over by the state banking department. The last statement of the bank showed capital of $15,000, resources of $468,838.94 and deposits of $386,514. Four in North Carolina. RALEIGH, N. C. (AP)—The Citizens bank of Burnsville, N. C., with capital and surplus of $112,000, was forced to close its doors Tuesday, the state banking department was notified Wednesday. The last statement showed deposits of $391,872 and resources of $507,608. The Scotland County Savings bank, a small institution of which Congressman Hinton James is president, also failed to open. Its deposits totaled $217,000. The Bank of Weldon and the Weldon Bank and Trust company announced payments had been "temporarily suspended," the banking department said. Their combined deposits totaled slightly more than $509,000. Blame Bond Depreciation. NEW STRAITSVILLE, O. (AP)—The Martin State bank, the only bank here, failed to open Wednesday. Depreciation of bonds was responsible for the closing. The bank was capitalized at $25,000, and its last statement showed resources of $205,000.