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KINGSTON HAD EXCITING DAY Bank Fails to Open Because of Frozen Assets; Other Dodges Run KINSTON. N. C., April 21 (UP)The National Bank of Kinston failto open for business today and minutes after opening hour the First National was closed against heavy Frozen loans were announced for closing the first The First National, officers was closed for the protection of the depositors only. The leading citizens on soap band and false fire alarm turned used in effort to divert the frenzied
CAROLINA BANKS CLOSED Kinston, N. C., April 21.—(UP)-The National Bank of Kinston failed open for business today. after the opening hour the First bank against heavy run of depositors, The third local bank, the Farmers and Merchants, remained open despite the run. Its officials excellent financial condition. notice posted on the door of the National of Kinston said its rectors had closed the institution to frozen inability to collect. Officials of the First National bank ordered it closed destating it was in safe and sound condition.
False Fire Alarms, Soap Box Oratory Fail To Halt Run On North Carolina Bank Kingston, April (AP) fire alarms oratory to today in one had closed. The false in hopes would distract gathered Farmers Merchants bank, failed the crowd's interest. Neither did the distant playing brass which was brought into action. Chamber Commerce representatives pleaded from for the depositors to leave money with the bank. The bank meeting all dethis afternoon. The the National Bank Kinston failed open this and an hour the First National Bank closed.
TWO KINSTON BANKS CLOSED KINSTON, N. C., April Two banks closed here today and officers of the only remaining one turned to drastic steps to save it in the face of run which a brass band. soap box orators and false fire alarms failed to halt. The National Bank of Kinston. faced with poor collections, was ordered not to open today by the national bank examiner. Forty-eight minutes after it opened the First National, facing a heavy run, posted a notice it was closing "for the protection of depositors."
BANKS CLOSED Kinston, N. C., April 21. (AP) banks closed here today. The National bank of Kinston ordered not to open today the national bank examiner. Later, the First National, facing heavy run, posted notice closing. Deposits in the two closed banks totaled more than $2,000,000.
TWO BANKS IN ONE NORTH CAROLINA CITY CLOSE DOORS Kinston, N. C., April 21.-The National Bank of Kinston failed to open for business today and fortyeight minutes after the opening hour, the First National Bank closed against a heavy run. Frozen loans were given as the reason for closing the latter bank. The officers said they closed for the protection of the depositors only. Leading citizens on soap boxes, a brass band and a false fire alarm were resorted to in an effort to divert the frenzied depositors.
KINSTON BANK MAY RE-OPEN SHORTLY April Directors the First National bank here, which closed yesterday when faced by after the run National Bank of Kinston suspended, today considering possible re-organization and opening but no announcement was expected for day or at Farmers and Merchants bank, remaining financial institution, appeared definitely have the storm which broke following yesterday's closings. It remained open throughout yesterday, augmented its cash reserve night and appeared to be doing normal business today. The National Bank of Kinston closed by the Nationbank examiner because of
Kinston Bank Holds Out Against Kinston, April Directors the First National bank here. which closed yesterday when fired faced run after the National flee Bank Kinston suspended, who considering mobile and no escaped. nouncement was expected for day so least. The Farmers and Merchants bank. remaining financial beaten. stitution. appeared definitely weathered storm which about it following yesterclosings. remained open throughout augmented cash reserve night peared be doing normal busitoday. The National Bank of Kinston ordered closed by the national bank examiner because of "frozen count
Trv To Reorganize One Kinston Bank April 22. of the First National Bank here. which closed yesterday when faced by run after the National Bank Kinston suspended. today were considering possible reorganization and reopening. but no nouncement expected for at least. The Farmers and Merchants Bank. only remaining financial inappeared definitely have weathered the storm which about following yesterday's closings remained-open through yesterday. augmented its cash last night and appeared be doing normal business today The National Bank of Kinston ordered closed by the national bank examiner because of "frozen
FRANTIC EFFORTS FAIL TO CHECK RUN ON BANK KINSTON, N. C., April 21 fire and today effort to halt run Kinston's remaining bank after others had closed. false fire alarms, rung in hopes they would distract crowd depositors gathered the Farmers and Merchants failed draw interest. did playing brass band, which was brought action. of commerce representatives pleaded from for the depositors to leave their money with the bank meeting all demands this run began when the National Bank Kinston failed morning later the First National bank closed.
Kinston Bank Receiver Is Allowed Judgment of $2,800 (Special Daily News) judgment New in federal court, filed National Bank for the the $2,800 he Kinston, allowed of from Harvey, seeking and executive officer mer cashier Harvey did not file an the bank. Mr. to the Harvey was also the suit Mrs. In and she filed defendant alleging that an alleged loan and received any the indorsed the note that name without her knowladded there was to be This edge says the passed on Miss Turnage Weds. TurKinston, Faulkner, both of Wilbur and married here Lenoir were small numWednesday the perber witnessed magistrate. Faulkformed by Mr. and Mrs. daughter ner Turnage, the member Frank of well known family.
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FRANK FAGAN MADE RECEIVER OF BANKS Goldsboro Man Given Two More To Make Five Banks He Is Now Administering Goldsboro, Nov. 30 (AP)-Frank F. Fagan, of Goldsboro, has been appointed receiver of the First National Bank of New Bern and the National Bank of Washington, N. C., and will assume his duties December 5, it was announced today. Fagan will continue as receiver of the Wayne National Bank of Goldsboro the First National of Kinston, and the National Bank of Kinston.