Phoenix Bank of Nansemond (Suffolk, VA)

Episode Information

Episode UID
68012671586
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6801267 routing
Routing Number
68-0126
Start Date
February 1, 1932*
Location
Suffolk, Virginia (36.728, -76.584)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
abe0affc4cc18ee6

Response Measures

None

Events (2)
1. February 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and did not resume operations; payments suspended under receiver
Newspaper Excerpt
The Phoenix Bank of Suffolk, Va., will not open, M. Anderson Maxey, receiver reported Tuesday.
Source
newspapers
2. February 27, 1932 Receivership
Newspaper Excerpt
Anderson Maxey, receiver in the Phoenix Bank of Nansemond litigation, mailed out checks to depositors for percent their deposits ... has advised them call at the [office] for the letters containing the checks sent general delivery.
Source
newspapers

Newspaper Articles (2)
1. February 27, 1932 Ledger-Star Norfolk, VA

Article Text

Checks Mailed Depositors By Phoenix Bank Receiver Suffolk, Va., Feb. Anderson Maxey, receiver in the Phoenix Bank of Nansemond litigation, mailed out checks depositors for per cent their deposits has been notified that many of these have not received their checks. Mr. Maxey has advised them call at the for the letters containing the many the could not obtained they were sent genoral delivery.

2. March 23, 1933 The Northwest Enterprise Seattle, WA
Article from The Northwest Enterprise, March 23, 1933

Click image to open full size in new tab

Article Text

FIVE ARE READY; TWO MORE IN RECEIVERSHIP (Continued from Page One) without restrictions. In Newport News The Sons and Daughters of Peace, Penny, Nickel and Dime Bank of Newport News, Va., hopes every day to be able to open, but has not done so yet Opening Indefinite James M. Morris is receiver for the People's Dime Savings Bank and Trust Association of Staunton, Va. The bank's opening is indefinite. The Phoenix Bank of Suffolk, Va., will not open, M. Anderson Maxey, receiver reported Tuesday. D. C. Bank Under Conservator The Industrial Savings Bank, of Washington, did not open. W. H. C. Brown, president, has been named government conservator.