Citizens Bank (Gates, NC)

Episode Information

Episode UID
66059271572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6605927 routing
Routing Number
66-0592
Start Date
December 20, 1930
Location
Gates, North Carolina (36.503, -76.769)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
58f7d810b71e2599

Response Measures

None

Description

Articles describe liquidation by the state examiner; OCR errors in articles corrected (e.g., fragmented sentences).

Events (3)
1. December 20, 1930 Receivership
Newspaper Excerpt
The third dividend payment was made 250 creditors defunct Citizens bank Gates, bringing the total dividend payments the this bank ... The dividend ... amounted $4,600.
Source
newspapers
2. December 20, 1932 Other
Newspaper Excerpt
The other 100 out cent liquidation in the of the Citizens Gates. Depositors in Gates bank did not receive interest, how-
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank placed in liquidation by the state examiner and closed prior to liquidation payments
Newspaper Excerpt
defunct Citizens bank Gates
Source
newspapers

Newspaper Articles (2)
1. December 20, 1930 The Greensboro Record Greensboro, NC
Article from The Greensboro Record, December 20, 1930

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Article Text

Liquidating Checks Mailed Official By Dec. Liquidating checks amounting total were mailed today from the state examiner's liquidation agents three defunct North Carolina banks to distributed 2,075 creditors. dividend mailed distribution creditors the closed Angier and Trust company. The checks amounted and was the dividend creditors this bank. The third dividend payment was made 250 creditors defunct Citizens bank Gates, bringing the total dividend payments the this bank 80 per The dividend for per cent amounted $4,600. about production cotton in

2. December 20, 1932 Statesville Record and Landmark Statesville, NC

Article Text

Troutman Bank Pays Per Depositors Interest Charlotte and Gates Banks Also Pay 100 Cents On the Dollar In Liquidating. Raleigh, and three closed banks have off cents on the better within the last 30 days, Gurney Hood, state banks, said Saturday connection with final Troutman Banking and Trust Company in Troutman. The state department not salvaged dollar dollar for creditors the Troutbank, but paid interon money for the period tied and turned some up stockholders, Hood said. established for returns to creditors of closed close second the Continental Trust Company interest. The other 100 out cent liquidation in the of the Citizens Gates. Depositors in Gates bank did not receive interest, how-