Bank of Fayetteville (Fayetteville, NC)

Episode Information

Episode UID
7984011291532
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
798401129 hash
Start Date
August 1, 1927*
Location
Fayetteville, North Carolina (35.053, -78.878)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
239c5682615fd610

Response Measures

None

Events (1)

1. August 1, 1927* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure in August 1927 with receiver appointed; alleged violations of national banking law and recovery action in federal court.
Newspaper Excerpt
the defunct ... receiver ... the bank failure on August 1927
Source
newspapers

Newspaper Articles (2)

Article from News and Record, October 16, 1929

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Article Text

FAIR AT ASHEBORO GETS UNDER WAY CUMBERLAND COUNTY WINS BEFORE COURT Many Visitors Flock Town. Court of Appeals Decides Against Opening Day Given Over to Alfred Burrows, National School Children. Bank Receiver. Daily News) of visitors this and today. the opening day of the Randolph county fair when throngs of people all sections of the county visited the fair grounds. This being educational day. school children from all over the county present, grounds free Especially interesting on this day was the educational. or school display, which the largest it has ever occupies one whole wing of the building displays from several of the county schools, white and negro. Attracting interest also is the booth Randolph form model farm. with miniature farm house, windmill, implements, of fenced fence were the this but the farmers and wives getting points' attractive display morrow day attract many of the the county Daily News) Va., Oct. the Bank of Fayetteville treasurer determine the rights certain had ferred the bank the county deposit funds. was brought United States and the transfer was attacked on the ground was contemplation ing references section 5242 the revised statutes the federal appeal court favor the official was claimed the the treasurer held pending the giving was under legislative not went before bond could be given.


Article from The Charlotte Observer, October 30, 1929

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Article Text

Bank of Fayetteville by Alfred D Burrowes, receiver the defunct ONE IS KILLED institution. the fourth district of the United States court in an effort to recover approximately $500,000 for those who were depositors at the time of the bank AS CAR SKIDS failure on August 1927 The violations of the national banking law by the receiver T. H. Ray, Former Dry Agent, Fatally Hurt in Crash Near Taylorsville Home. H died at the hospital here early this sustained last night his car skidded Taylorsville road near Hiddenite and crashed into tree. Mr Ray had been in States ville all day attending U court and was on his way home when the fatal accident occurred five south of his home. In passing car Mr. Ray's automobile skidded on the wet pavement and struck tree de was hospital here and expired in about hours The whole right side of his body was crushed The body was taken to Taylos ville today for burial Mr Ray native Wilkes had resided Taylorsville for many For he in done building different western North Ina He had served prohibition agent several He his widow