Bank of Harrellsville (Harrellsville, NC)

Episode Information

Episode UID
66052571585
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
6605257 routing
Routing Number
66-0525
Start Date
January 7, 1932
Location
Harrellsville, North Carolina (36.303, -76.792)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c2c60ee0238066a0

Response Measures

None

Events (3)
1. January 7, 1932 Run
Cause
Local Banks
Cause Details
Short period of local hysteria and depositors forcing other county banks to close; Harrellsville passed through this panic without closing.
Measures
Remained open and continued doing business as usual; later accepted town/county deposits.
Newspaper Excerpt
the Bank of Harrellsville, have passed through the short period of hysteria that prevailed bereabouts and in practically every section of the and are doing business usual.
Source
newspapers
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Operated under state-imposed restrictions beginning March 4, 1933 (banking holiday/limitations) until licensed to resume.
Newspaper Excerpt
Six banks which have operated under restrictions since March 4, 1933, today were licensed ... to resume regular business
Source
newspapers
3. May 13, 1934 Reopening
Newspaper Excerpt
Bank of Harrellsville at Harrellsville; ... The six banks opening Monday will have deposit insurance. Data on the banks to open unrestricted follow: ... Bank of Harrellsville ... deposits, $67,910.
Source
newspapers

Newspaper Articles (2)
1. January 7, 1932 The Herald Ahoskie, NC

Article Text

TWO HERTFORD BANKS ARE SOLIDLY OPERATING the county's banks having been forced close because them by depositors, the other two, The Peoples Bank Murfreesboro, the Bank of Harrellsville, have passed through the short period of hysteria that prevailed bereabouts and in practically every section of the and are doing business usual. As result greater ever is being placed in the two banks, and depositors satisfied that their course of permitting the banks to remain open has sav ed them the financial disturbance caused at Ahoskie and Winton. Murfreesboro and Harrellsville, business being done usual and there is fear of runs nor of forced closings. The Peoples Bank will house the county's money result of the action of county commissioners Monday, and The Bank of Harrellsville will become the depository of town of Ahoskie funds, provided the bank desires the account.

2. May 13, 1934 The Charlotte News Charlotte, NC

Article Text

Six Banks Will Reopen Monday Raleigh, May 12.—Six banks which have operated under restrictions since March 4, 1933, today were licensed by Gurney P. Hood, state bank commissioner, to resume regular business Monday. The banks will have nearly $450,000 which will become available to depositors. The six banks opening Monday will have deposit insurance. Data on the banks to open unrestricted follow: Commercial and Savings bank of Boonville; F. W. Day, president; J. W. Shore, cashier; capital $20,000; deposits, $32,998. Bank of Bladen at Clarkton E. J. Cox, president; E. C. Clark, cashier; capital, $22,500; deposits, $19,643. Bank of Coleraine at Coleraine; Dr. L. A. Nowell, president; C. B. Sessoms, cashier; capital, $25,700; deposits, $32,725. Bank of Harrellsville at Harrellsville; John O. Askew, Jr., president; E. D. Callis, cashier; capital, $20,900; deposits, $67,910. Bank of Windsor at Windsor; W. L. Lyon, president; T. Gilliam, cashier; capital, $20,000; deposits, $155,079. Bank of Yadkin at Yadkinville; W. A. Hall, president; E. H. Barnard, cashier; capital, $20,000; deposits, $138,805.