Troutman Banking & Trust Company (Troutman, NC)

Episode Information

Episode UID
66066271553
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
6606627 routing
Routing Number
66-0662
Start Date
May 1, 1929*
Location
Troutman, North Carolina (35.701, -80.888)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
954c3f23261f0e80

Response Measures

None

Description

Bank closed in May 1929 and was in liquidation; articles report final payouts in Dec 1932.

Events (3)

1. May 1, 1929* Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed May 1929 and placed in liquidation; state banking department handled final payments to depositors.
Newspaper Excerpt
Liquidation of the closed on May 1929. bank, which with deposit liability...
Source
newspapers
2. December 18, 1932 Other
Newspaper Excerpt
Trio Depositors Closed Banks Are Paid 100 ... final paydepositors Troutman ment Banking and Trust company Troutman. ... paid depositors interest ... Liquidation ... paid out liquidation the other 100 per cent ... Depositors in Bank of bank not receive interest, Gates did
Source
newspapers
3. December 20, 1932 Other
Newspaper Excerpt
Troutman Bank Pays Per Depositors Interest ... connection with final Troutman Banking and Trust Company in Troutman. The state department ... paid interest on money for the period ... turned some up stockholders
Source
newspapers

Newspaper Articles (2)

Article Text

Trio Depositors Closed Banks Are Paid 100 Dec. and creditors of three closed state banks have been paid off with 100 dollar better cents the last 30 Gurney commissioner of said state today connection final paydepositors Troutman ment Banking and Trust company Troutman. The state banking department not salvaged dollar dollar only creditors of the depositors Troutman bank, but paid depositors interest the money the riod was tied turned over up some assets that remained to stockholders, Hood said. Liquidation of the closed on May 1929. bank, which with deposit liability tablished new for returns to creditors of closed banks second the ContinenA close company with The which paid out liquidation the other 100 per cent that the Citizens last 30 days was Depositors in Bank of bank not receive interest, Gates did


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-