Union Trust & Mortgage Company (Petersburg, VA)

Episode Information

Episode UID
68008771546
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
6800877 routing
Routing Number
68-0087
Start Date
October 25, 1928
Location
Petersburg, Virginia (37.205, -77.392)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b764e57cbbcb7d7c

Response Measures

None

Description

Receiver appointed by court after action by state banking authority; bank described as defunct in later article.

Events (2)

1. October 25, 1928 Receivership
Newspaper Excerpt
B. C. Syme Temporarily in Charge of Union Trust & Mortgage Co. ... appointed temporary receiver of the Union Trust and Mortgage Company ... appointed by Judge Mullen the hustings court on for action having been made by M E. of surance and banking of Virginia
Source
newspapers
2. March 7, 1930 Other
Newspaper Excerpt
Will Pay Bank Receiver. An arrangement has reached whereby officers and directors will pay the sum ... About $50,000 of the amount will be paid to Mr. Syme ... applied by him on the next payment of dividends to creditors of defunct bank.
Source
newspapers

Newspaper Articles (2)

Article from The Richmond News Leader, October 25, 1928

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Article Text

BANK RECEIVER NAMED B. C. Syme Temporarily in Charge of Union Trust & Mortgage Co. PETERSBURG to News attorney. of this city, has been appointed semporary receiver of the Union Trust and Mortgage Company operations Monday Efforts are being made looking toward of the bank Mr. first of the Petersburg Savings and Americ in Company He appointed by Judge Mullen the hustings court on for action having been made by M E. of surance and banking of Virginia The house opened today thereafter for the purpose of and ceiving and on accounts of other obligations DENDRON John of ing time in Norfolk Mrs Marion Parker and son bin. of Richmond, spent Sunday ing friends in Dendron. Roger Presson and Mae and Betty Presson. Miss Nannie time with Mrs. N. Jordan. Dendron. Mr. and Mrs. Joseph Deal of Nor spent the with Mr and Mrs Jack Spratley, Dendron Henry Saunders, of Ashland. spent the visiting friends in Den- Miss Mary of College the -end guest of Miss Shirley Linthicum, Dendron Walter Devany and little Bland of Norfolk spent Sunday as guest of Mr. Devany's parents Dr. Mrs. R. Collier of Dendron. spent Saturday in chmond Dendron visitor Mrs. G. Spratley of Dendron. has returned after visiting Mrs Bun of Surry spent Sunday with his sister. Mrs. J Dendron Miss Susie spent the in Petersburg Miss Corrine Dickerson and Mrs Bell motored to Smithfield SunW Savedge of spent as the Mr. and H. visited Dendron


Article from Richmond Times-Dispatch, March 7, 1930

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Article Text

Two Property Assessors Soon To Be Named PETERSBURG VA., March The scientific method of assessing real estate will not be used in this city this year but the property valuation will be fixed by two assessors in former years. The City Council has rejected the proposed new method and in sion tonight discussed plans for ing the assessment Council. The question of adopting this scientific plan of appraising real estate here has considered the Council for the several weeks. mass meeting was held at Grays' Armory recently when the fully explained by W True Chicago, vice-president of one of the companies seeking the contract for the local work. At this meeting considerable sentiment against the method was shown Assessment of property here in cost the city of Petersburg the sum of $6,064.24 while the State paid the remainder of the cost of the work Under the present law. the city must pay all the cost but will the right to name two in 1925 E. of the and the Donnan Their valuations board consisting R. clerk N. T. James McI Ruffin. 500 Attend Meeting The one-day of District D. of the Virginia Education sociation will be held here tomorrow and nearly 500 teachers from this tion of the State will attend. Seswill held in the Anna P Junior High School Auditorium. All white schools of the district will be of the the meeting here. The principal will made by John president the University of Florida. and of EduThe public has been invited to heat his The opened tomorrow morning when the main speaker be Dr. William R. Smithey of the University of Virand principal of the high school Miss Cornelia president of the National Eduspeak H. principal of Petersburg and president of The for the year will be outlined by D: Heatwole the State asso of imof the district will be Will Pay Bank Receiver. An has reached nine the officers and dierctors the Union Trust and gage Company Bernard Syme, whereby officers and directors will pay the sum of this figure the by the officers and directors of the and guarantee solvency About $50,000 of amount will paid to Mr. Syme the next days and this money will applied by him on the next peyment of dividend to and other creditors defunct bank. The amounts to paid and range from $2,500 to $22,832.79 Agricultural Meeting Citizens of this city and vicinity terested in the agricultural development work counties surrounding caried several years by the Petersburg Chamin with the Extensnon will meet tomorrow the council chamber City devise some means whereby this work can be Hold Rally Boy and Hopswel the grand rally held Gray's by the Robert E Lee while Scouts of of Southside Virginia within jurisdiction the council attended as spectators Petersand Hopewell Scouts not taking part in the events attended The rally was divided into burg Hear Report Minstrel. Reports annual Rotary Minstrels Century Theatre last Friday the meeting of the Club afternoon at Hotel These reports showed that the show was a Shooting Said Accidental A verdict accidental was rendered this afteroon city after inquest into the death of Harry Cheeley 11. was fatally wounded Sunday afternoon bullet from the hands of Robert of Richmond