Roanoke Savings Bank (Roanoke, VA)

Episode Information

Episode UID
8327254391130
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
832725439 hash
Start Date
February 20, 1894
Location
Roanoke, Virginia (37.271, -79.941)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5b9ce8a36df3565e

Response Measures

None

Description

No reports of a depositor run; closure was ordered by stockholders despite the bank being described as solvent.

Events (3)

1. February 20, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders ordered the bank closed because the business was not paying despite being solvent.
Newspaper Excerpt
The stockholders of the Roanoke Savings Bank have ordered that it be closed on account of the business not paying. It is solvent.
Source
newspapers
2. February 25, 1896 Receivership
Newspaper Excerpt
In the circuit court yesterday Jas. T. Johnson was appointed receiver for the Roanoke Savings Bank on motion of Josiah Friend and Geo. A. Baker, stockholders. The receiver will be required to give bond in the sum of $5,000.
Source
newspapers
3. April 29, 1896 Other
Newspaper Excerpt
By virtue of a decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, ... the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 29th day of April, 1896, proceed to sell at public auction ... formerly used as a banking house by the Roanoke Savings Bank ... One safe ... burglar proof vault ... one large counter or bank desk ... stationery and other furniture used in and about said bank. JAMES T. JOHNSON, Receiver.
Source
newspapers

Newspaper Articles (10)

Article from The Roanoke Times, August 27, 1893

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Article Text

Roanoke Trust, Loan and Safe Deposit Company, felt confident that the crisis was practically over. The institution he represented, as was shown by the above report, was in a most satisfactory condition. "We have been issuing currency," he said, "upon the occasion of every demand upon us. We are now beginning to feel an improvement," he said, "in our relations with the Northern banks. They are now just beginning to offer us rediscounts." President J. T. Engleby, of the Fidelity Loan and Trust Company, and also vice-presiden: of the National Exchange Bank, said that the conditions were looking better. "As soon as the Northern banks offer us rediscounts we will be ready to extend our business considerably." "We have several of the large establishments and contractors upon our books which necessitates our meeting the demands for their pay rolls with currency, which we have always been ready to do. President C. Markley, of the Traders' Loan, Trust and Deposit Company, reported that his deposits are increasing and that there was a much better condition of affairs now than thirty days ago. "As soon as the people gain confidence enough to keep them from hoarding their money, the situation will be all right he said. He believed that large quantities were hidden away doing its owners nor the people any good. The Commercial National Bank, J. W. Coon, president; the Roanoke Savings Bank, J. D. Smith, president, and the State Savings Bank, F. A. Barnes, president, are all in a solid condition and readily meeting the demands made upon them for their currency. Much of the development and growth of Roanoke is directly attributable to the wise and judicious banking establishments which have existed within its domain. They were founded here. not to reap a harvest from & glorious boom and then withdraw their money to other quarters, but are here to remain as permanent fixtures to expand and develop with the city in which all their interests are centered. They surely are deserving of confidence and patronage.


Article from The Times, February 21, 1894

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Article Text

SAVINGS BANK CLOSED. Solvent but Not Paying-Receiver Appointed for the Salem Machine Works. ROANOKE, VA., Feb. 20.-Special.The stockholders of the Roanoke Savings Bank have ordered that it be closed on account of the business not paying. It is solvent. Circuit Court Judge Williams has appointed J. E. Allemony temporary receiver of the Salem Machine Works, pending a settlement of the squabble growing out of the recent reorganization. M. F. Martin, of Bedford, who was recently sent to the grand jury of the United States Court, on the charge of having unstamped liquor in his possession, got into trouble yesterday by resisting officers, and was again sent on. He gave bail. M. J. Kelly, president, and D. S. Rau, steward of the Pledmont Social Club, were convicted in the Hustings Court to-day of selling liquor without a license, and fined $100 each. The decision will be appealed.


Article from The Progressive Farmer, February 27, 1894

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Article Text

SAVINGS BANK CLOSED. Solvent but Not Paying-Receiver Appointed for the Salem Machine Works. ROANOKE, Va, Feb. 20.-The stock. holders of the Roanoke Savings Bank have ordered that it be closed on ac count of the business not paying. It is solvent. Circuit Court Judge Williams has appointed J. E Allemony temporary receiver of the Salem Machine Works, pending a settlement of the squabble, growing out of the recent re-organization M. F. Martin, of Bedford, who was recently sent to the grand jury of the United States Court, on the charge of having unstamped liquor in his possession, got into trouble yesterday by re sisting officers, and was again sent on. He gave bail M. J. Kelly, President, and D.S. Rau, steward of the Piedmont Social Club, were convicted in the Hustings Court to day of selling liquor without a license, and fined $100 each. The decision will be appealed.


Article from The Roanoke Daily Times, February 26, 1896

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Article Text

Receiver Appointed. In the circuit court yesterday Jas. T. Johnson was appointed receiver for the Roanoke Savings Bank on motion of Josish Friend and Geo. A. Baker, stockholders. The receiver will be required to give bond in the sum of $5,000.


Article from The Roanoke Daily Times, April 24, 1896

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Article Text

Sale of Valuable Bank Property. By virtue of a decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, in the chancery cause of Josiah Friend et als. VS. Roanoke Savings Bank et als., the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 29th day of April, 1896, proceed to sell at public auction in the store room on Commerce street, Roanoke, Va, formerly used as a banking house by the Roanoke Savings Bank, the following property, to wit: Onesafe, double doors, burglar proof vault, made by Marvin Safe Company, and said to weigh about 7,000 pounds; one large counter or bank desk, six chairs and one stool, one bookcase, one check punch, one stove, stationery and other furniture used in and about said bank. Terms of sale-cash. JAMES T. JOHNSON, Receiver. OUR 25c Golf Caps are yours for this week only for 10c. Jos. COHN.


Article from The Roanoke Daily Times, April 25, 1896

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Article Text

or Valuable Bank Property. By virtue of & decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, in the chancery cause of Josiah Friend et als. VS. Roanoke Savings Bank et als., the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 29th day of April, 1896, proceed to sell at public auction in the store room on Commerce street, Roanoke, Va., formerly used 88 a banking house by the Roanoke Savings Bank, the following property, to wit: safe, double doors, burglar proof vault, made by Marvin Safe Company, and said to weigh about 7 000 pounds; one large counter or bank desk, six chairs and one stool, one bookcase, one check punch, one stove, stationery and other furniture used in and about said bank. Terms of sale-cash. JAMES T. JOHNSON, Receiver.


Article from The Roanoke Daily Times, April 26, 1896

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Article Text

Sale of Valuable Bank Property. By virtue of & decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, in the chancery cause of Josiah Friend et als. VS. Roanoke Savings Bank et als., the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 29th day of April, 1896, proceed to sell at public auction in the store room on Commerce street, Roanoke, Va., formerly used as a banking house by the Roanoke Savings Bank, the following property, to wit: Onesafe, double doors, burglar proof vault, made by Marvin Safe Company, and said to weigh about 7,000 pounds; one large counter or bank desk, six chairs and one stool, one bookcase, one check punch, one stove, stationery and other furniture used in and about said bank. Terms of sale-cash. JAMES T. JOHNSON, Receiver.


Article from The Roanoke Daily Times, April 28, 1896

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Article Text

LAST ATTRACTION. Helmann, the Magician, Will Close the Season. Helmann, the prince of the black art, is just returning from a successful tour of several Western States and will close the season after playing Roanoke. The professor will shortly sail for Europe and India for the purpose of preparing several new illusions for next season's tour, which will open up about the middle of September. Helmann has spent consinerable time and money traveling in the far East witnessing the wonderful feats performed by the Indian magicians and has made improvements in many of their best tricks. This will be the last attraction of the season and should be well patronized, as the prices have been reduced to 25, 50 and 75c. "Every trick performed by Helmann was so deftly executed that everyone was delighted. His Illusions and cabinet work were marvelous, and his magic calculated to hoodwink the closest observers. It is safe to say he is by far the cleverest entertainer of his kind. Alexandria, (Va.) Times. Did You Ever TRY Electric Bitters as a remedy for your troubles? If not, get a bottle now and get relief. This medicine has been found to be peculiarly adapted to the relief and cure of all Female Complaints, exerting a wonderful direct influence in giving strength and tone to the organs. If you have Loss of Appetite. Constipation, Headache, Fainting Spells, or are Nervous, Sleepless, Excitable, Melancholy or troubled with Dizzy Spells, Electric Bitters is the medicine you need. Health and Strength are guaranteed by its use. Fifty cents and $1.00 at Paul Massie's Pharmacy. Sale of Valuable Bank Property. By virtue of & decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, in the chancery cause of Josiah Friend 01 als. VS. Roanoke Savings Bank et als., the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 291b day of April, 1896, proceed to sell at public auction in the store room on Commerce street, Roanoke, Va., formerly used as a banking house by the Roanoke Savings Bank, the following property, to wis: Onessfe, double doors, burglar proof vault, made by Marvin Safe Company, and said to weigh about 7,000 pounds; one large counter or bank desk, six chairs and one stool, one bookcase, one check punch, one stove, stationery and other furniture used in and about said bank. Terms of sale-cash. JAMES T. JOHNSON, Receiver.


Article from The Roanoke Daily Times, April 29, 1896

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Article Text

Sale of Valuable Bank Property. By virtue of a decree entered in the circuit court of Roanoke city, Va., on the 23d day of April, 1896, in the chancery cause of Josiah Friend 8t als. vs. Roanoke Savings Bank et als., the undersigned receiver will at 2:30 o'clock p. m. on Wednesday, the 29th day of April, 1896, proceed to sell at public auction in the store room on Commerce street, Roanoke, Va., formerly used as a banking house by the Roanoke Savings Bank, the following property, to wit: One safe, double doors. burglar proof vault, made by Marvin Safe Company, and said to weigh about 7,000 pounds; one large counter or bank desk, six chairs and one stool, one bookcase, one check punch, one stove, stationery and other furniture used in and about said bank. Terms of sale-cash. JAMES T. JOHNSON, Receiver.


Article from Evening Star, March 25, 1901

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Article Text

# Suit Against Stockholders. Senator Louis E. MoComas of Maryland, in conjunction with Mr. D. W. Baker of this city, appears as counsel for the complainants in a suit in equity filed this afternoon by the People's National Bank of Charlottesville, Va., Everett Perkins, receiver of the Roanoke Savings Bank, the Union Bank of Winchester and William L. Williamson against the Washington and Roanoke Land and Improvement Company, and fifty-two other defendants. By the bill it is sought to enforce the claims of creditors against the stockholders of the defendant corporation.