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http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 421.11-6 - Bank Suspensions Since Jan 1 1921 Nonmenber State Banks South Uarolina A-D Committee on Branch Group & Chain Banking FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 4.) - f)c) 0 National bank Name of State gl State bank O Trust company 111 Stock savings bank O Mutual savings bank South Carolina O Private bank • 1. Name of bank 2. Date organized Peoples Sivings Bank 1/07/04 3. Federal reserve district Date suspended 10/29/25 5 Abbeville Population of town or city* 4570 None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Abbeville Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank 410 Town or City No 6. Condition figures, as of (date*) October 30 1925 Loans and discounts: $ On real estate 32 528 26 246 533 67 Other $ Total loans and discounts 279 061 93 Real estate acquired in satisfaction of debts e Investments 48 380 97 All other resources 327 442 90 Total resources 21 800 00 Capital 30 Surplus and undivided profits $949 89 Deposits: 2 685 98 Due to banks** Demand deposits, including U. S. Govt. deposits 200 000 52 Time deposits, including postal savings $ Total deposits 202 686 50 Borrowings from F. R. bank 64 268 69 Borrowings from other banks r (3 087 82 All other liabilities 327 442 90 Total liabilities 7. I-Ias this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . . Preferred claims.. General claims. . . Total claims... Yes 10. Has this bank been finally liquidated? If so give: Best we can get. Date liquidation was completed Collections: From liquidation of assets 9,000.00 From assessments on shareholders Other collections (explain) Total collections 25 882 00 Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims*. . . . Preferred claims General claims. Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 64,268 Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 64,268 64,268 100% 199423 , 57 334 51_,334 28.75% 263,691 121,602 121,602 None 46.1% 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? els Yes If so, state what industry or type of agriculture Cott021 What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Fall 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 411. FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 0 National bank Name of State • State bank El Trust company South Caroliba O Stock savings bank O Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Planters Bank 9/27/19 3. Federal reserve district Date suspended 5 1/7/28 Abbeville Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Abbeville Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Town or City 400 NO 6. Condition figures, as of (date*) January 7 1928 Loans and discounts: On real estate 47 888 89 Other 61 274 94 109 163 83 Total loans and discounts 39 940 00 c_f2 \° 14 387 80 Real estate acquired in satisfaction of debts Investments 25 166 15 All other resources 188 657 78 Total resources 50 000 00 Capital 6 439 77 Surplus and undivided profits Deposits: Due to banks** $ 8 228 96 Demand deposits, including Ti. S. Govt. deposits 49 975 09 Time deposits, including postal savings 65 313 96 $ Total deposits 123 518 01 Borrowings from F. R. bank 8 700 00 Borrowings from other banks 188 657 78 All other liabilities Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers',checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank' If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Claims allowed Secured claims. ... Yes If so give payments to date: (Amounts in dollars) Still a few assets to be distributed to stocltholc1ers Dividends paid from collections 8502 General claims.. . . Total claims.... Total payments Per cent of payments to claims allowed 8502 8502 100% 6586 6586 100% 6586 Preferred claims Payments from guaranty fund 135,696 135,696 135,696 100% 150,784 150,784 150,784 100% 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . .. Preferred claims General claims. . . . Total claims. ... http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Preceeding Fall 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Six: months after closing - Fall Liability Amount Collected $40,334.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 111 219 National bank Name of State E3 State bank Trust company LI Stock savings bank South Carolina [j] Mutual savings bank LI Private bank • Citizens Bank 1. Name of bank_ 2. Date organized 9 22 18 3. Federal reserve district Date suspended Town or City 5 23 23 5th 4. Number of branches operated: In city of parent bank Population of town or city* None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System Outside city of parent bank** 110 Aiken Aiken 5,000 No May 4, 1923 6. Condition figures, as of (date*) Loans and discounts: On real estate 18 346 29 Other 93 403 07 111 749 36 Total loans and discounts Real estate acquired in satisfaction of debts 1 200 00 Investments 11 182 25 All other resources 124 131 61 Total resources 37 400 00 Capital 2 883 33. Surplus and undivided profits Deposits: 4 296 30 Due to banks** Demand deposits, including Ti. S. Govt. deposits 18 797 19 Time deposits, including postal savings 12 668 79 35 762 28 Total deposits Borrowings from F. R. bank Borrowings from other banks 24 000 00 All other liabilities 24 086 02 124 131 61 Tbtal liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? 211011X If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims. . . Payments from guaranty fund Total payments Per cent of payments to claims allowed * Preferred claims.. General claims Total claims. . .. 1 10. Has this bank been finally liquidated? Yes If so give: 1926 or 27 Date liquidation was completed Collections: Banks held all good notes as collateral and general assets paid nothing but bills payable. 086.00 From liquidation of assets Z9,000.00 From assessments on shareholders Other collections (explain) 77,086 Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 48,086 48,086 48, 086 39 340 General claims..9 . 23,000 23,000 58.33% 71,086 71,086 81.5%pi Secured claims. . . . 100% Preferred claims.. Total claims... http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 87,426 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, statd what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1926 Amount Collected. 429,000.00 FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank f2 State bank Name of State 0 Trust company 0 Stock savings bank O South. Carolina Mutual savings bank O Private bank • 1. Name of bank Gaston Bank & Trust Co 2. Date organized 5 21 24 3. Federal reserve district Date suspended Town or City 12 18 24 5th 4. Number of branches operated: In city of parent bank Aiken Population of town or city* Member or nonmember of F. R. System None None Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Aiken 5,000 Yes 6. Condition figures, as of (date*) Deo. 14, 1924 Loans and discounts: 48 575 56 On real estate 359 478 21 Other 408 053 77 Total loans and discounts \\\ (e- Real estate acquired in satisfaction of debts 16 316 03 3 500 00 Investments 60 585 63, All other resources 488 455 43 Total resources Capital 50 000 00 Surplus and undivided profits 42 267 15 Deposits: Due to bank** 810 43 Demand deposits, including U. S. Govt. deposits 160 819 24 Time deposits, including postal savings 113- 463 37 275 093 04 Total deposits Borrowings from F. R. bank 24 492 18 Borrowings from other banks 96 605 06 All other liabilities 488 457 43 Total liabilities 7. H Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis /TO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: Amounts in dollars) Claims allowed Secured claims. . . . Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 121,456 121,456 121,456 243 647 , 54893 54,893 22.55 365,103 176,349 176,349 48.3% Total payments Per cent of payments to claims allowed 100% Preferred claims.. General claims. . Total claims. 10. Has this bank been finally liquidated? If so give: Data liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims. . .. Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 19Z1 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1927 — Amount Collected. 06,000•00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State fi State bank O Trust company O Stock savings bank O Mutual savings bank South Carolina O Private bank • Allendale Bank 1. Name of bank__ 2. Date organized \(1° Town or City Date suspended 1 18 27 Allendale County Population of town or city* 5th 3. Federal reserve district Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank S Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Allendale \ No 6. Condition figures, as of (date*) Tan. 18, 1927 Loans and discounts: On real estate 40 634 35 Other 97 553 28 $ Total loans and discounts 138 187 63 Real estate acquired in satisfaction of debts .) Investments 1 370 00 53 695 03 All other resources 193 252 66 Total resources Capital 30 000 00 Surplus and undivided profits 13 347 85 Deposits: 951 62 Due to banks** Demand deposits, including U. S. Govt. deposits 140 008 12 8 945 07 Time deposits, including postal savings 149 904 81 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 193 252 66 Total liabilities 7. Has this bank been reopened? Date of reopening — Name under which reopened Loss to depositors on: If so give: Ott,4,ek&7.V Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Gq, I 03 Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 'YST 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over If so give: Peoples State Bank of South Carolina March 29, 1927 Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims 64 303 00 General claims 43 Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed Secured claims... . Preferred claims... General claims. . . Total claims. . • 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) • Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. • Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment,laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Previous 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments $1.5 000.00 pald in when sale consummated with Peoples State Bank of outh Carolina. • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following [11 National bank a State bank 154 Name of State Trust company El Stock savings bank South Carolina fl Mutual savings bank Private bank • 1. Name of bank 2. Date organized Citizens Bank Town or City 10/30/09 Date suspended 3. Federal reserve district 5 1/20/27 Allendale Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Allendale 1893 No 6. Condition figures, as of (date*) January 18 1927 Loans and discounts: $ - On real estate 54 913 00 73 948 81 Other Total loans and discounts 128 861.81 S. Real estate acquired in satisfaction of debts Investments 24 778 51 All other resources 153 640 32 Total resources 30 000 00 Capital 328 53 Surplus and undivided profits Deposits: 372 04 Due to banks** 74 676 26 Demand deposits, including U. S. Govt. deposits 43 828 09 Time deposits, including postal savings $ Total deposits 118 876 39 Borrowings from F. R. bank 4 400 00 Borrowings from other banks 735 40 All other liabilities 153.640 32 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Secured claims Amount of loss Per cent of loss to claims 8 Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims.. Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 56,906 47,936 47, 936 84% S- ' i 73,673 30,406 30it406 in % ,i, 78,343 78,343 60% Preferred claims.. General claims. Total claims. .. 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred clairps... General claims. . . . Total claims. . .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Tee or agriculture? If so, state what industry or type of agriculture 00ttOU What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? S70 years previous 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tee If so, give dates and amounts of all assessments 2 /16/27 D11 642 59 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State EX State bank 0 O O O Trust company Stock savings bank South Caroliha Mutual savings bank Private bank S Bank 1. Name of bank__ 2. Date organized of Anderson 8/22/91 3. Federal reserve district Date suspended 5 Town or City Anderson Anciar ROT, 10/26/25 Population of town or city*—L1.4'Sr! -8$t___ Member or nonmember of F. R. System__ 4. Number of branches operated: In city of parent bank Nona Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County No 6. Condition figures, as of (date*) October 26, 1925 Loans and discounts: 275 280 11. On real estate J. 231 130 12 Other $ 1 506 410 23 Total loans and discounts 118 832 00 Real estate acquired in satisfaction of debts 26 000 00 Investments 144 280 59 All other resources 1 795 522 82 Total resources 150 000 00 Capital 202 759 10 Surplus and undivided profits Deposits: $ 24 575 97 Due to banks** Demand deposits, including U. S. Govt. deposits 479 044 92 Time deposits, including postal savings 455 574 48 $ 959 195 37 Total deposits Borrowings from F. R. bank 483 552 35 Borrowings from other banks 16 00 All other liabilities Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 483,552 483 , 552 483, 552 100% .959,195 General claims.. 1,442,747 Total claims. 757, 962 757,962 79% 1,241,514 1,241,514 Secured claims.. Preferred claims 10. Has this bank been finally liquidated? Date liquidation was Completed 86.05% If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Secured claims Preferred claims... „ General claims. . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? 1111 Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Fall 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis es If so, give dates and amounts of all assessments 5 5 26 Amount $124,336.68 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State f:t State bank O Trust company O Stock savings bank O Mutual savings bank South Carolina O Private bank • 0ml/flora a1 Bank 1. Name of bank__ 2. Date organized 7 1 19 3. Federal reserve district Anderson Town or City Date suspended 5th 7 6 Z5 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank None None Outside city of parent bank** 411 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Anderson 11,087 No 6, 195 6. Condition figures, as of (date*) Loans and discounts: 40 184 45 On real estate 264 134 57 Other 304 319 02 Total loans and discounts Real estate acquired in satisfaction of debts Investments 78 325 10 All other resources 382 644 12 Total resources 25 000 00 Capital 11 798 80 Surplus and undivided profits Deposits: 14 285 02 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 250 137 80 21 422 50 285 845 32 Total deposits Borrowings from F. R. bank 60 000 00 Borrowings from other banks All other liabilities 382 644 12 Total liabilities 7. has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Anzount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ 60,000 54,393 54,393 90.6% 283,013 78,160 78,160 27.6% 343,013 132.553 132,553 38.0 Secured claims. . . . Preferred claims.. General claims. . . Total claims. . .. 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders., Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • No If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspenPast Year — 1924 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Jan 15, 1926 .timount Collected 016,821.80 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State • State bank 0 Trust company South Caroline. 0 Stock savings bank O Mutual savings bank 0 Private bank • 1. Name of bank Farmers &owl & Trust Co 2. Date organized 1/18/1898 Date suspended 3. Federal reserve district 5 Town or City 5/23/21 Anderson Population of town or city* Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank_ NO Outside city of parent bank** NO 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Anders022 12_099____ No 3/1- 11 1/1 6. Condition figures, as of (date*) Loans and discounts: 69 268 72 On real estate Other 522 811 62 $ Total loans and discounts 592 090 34 _59a Real estate acquired in satisfaction of debts Investments 75 244 01 All other resources 667 334 35 Total resources Capital 75 000 00 Surplus and undivided profits 61 968 37 Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 459 311 98 Time deposits, including postal savings 459 311 98 Total deposits Borrowings from F. R. bank 71 000 00 Borrowings from other banks 54 00 All other liabilities 667 334 35 Total liabilities 7. I-Ias this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 711000 71,000 71,000 100% General claims. . . . 459,313. 530,313. Total claims. Z38 881 : 238t883 5Z1 309,881 3094_881 58.4% Secured claims. . . . Preferred claims.. . • 10. Has this bank been finally. liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims, Preferred claims.. General claims Total claims. . .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? NO If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? Yes If so, give dates and amounts of all assessments Full liability assessed about two years after closing http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount Collected $47,718.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following Di National bank Name of State 11 State bank LI LI LI LI Trust company Stock savings bank South Carolina Mutual savings bank Private bank • 1. Name of bank Farmers & Merchant s Bank 2. Date organized MaY 8 1889 3. Federal reserve district Date suspended 5 4. Number of branches operated: In city of parent bank Town or City 4/a3/21 Anderson Population of town or city* Anderson 149000 Member or nonmember of F R. System______EL__ None Outside city of parent bank** Non e 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County 1-1 1 6. Condition figures, as of (date*) j- Loans and discounts: $ On real estate 141 337 43 1 278 400 17 Other $ Total loans and discounts 1 419 737 60 Real estate acquired in satisfaction of debts .\\-\ Investments 120 406 36 All other resources 1 540 143 96 Total resources Capital 100 000 00 Surplus and undivided profits 217 952 42 ) 35 712 18 ) Deposits: 47 952 51 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 654 120 79 78 174 06 780 247 36 Total deposits Borrowings from F. R. bank 406 000 00 Borrowings from other banks 232 00 All other liabilities 540 143 96 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 110 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 418,000 Payments from guaranty fund Total payments Per cent of payments to claims allowed 418,000 418,000 908 157 724 097 724,09i 79.7% Total claims. . .. 1,326,157 1,142,097 414;097 86.4% Secured claims. .. . Preferred claims... General claims. . . . 100 % Mae •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. Preferred claims.. General claims Total claims. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund - Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Decline in real estate values Contributing cause X Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment,laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Fall 19Z0 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments About two years followins closing Mount Collected $45,17840 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State Lt State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of bank Peoples Bank of An.derSOn 2. Date organized 2 2 1899 Date suspended 3. Federal reserve district 5th Town or City 1 3 23 AmilartSO T1 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__ 110he None Outside city of parent bank" 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COUrity____Zildera011 11,087 No 6. Condition figures, as of (date*) Jan. 3, 1923 Loans and discounts: 460 650 78 On real estate 1 055 546 73 Other $ Total loans and discounts 1 516 197 51. 620 00 Real estate acquired in satisfaction of debts f\\O 9 Investments 321 100 69 All other resources 1 637 918 20 Total resources Capital 200 000 00 Surplus and undivided profits 105 246 24 Deposits: 8 251 02 Due to bank's** Demand deposits, including U. S. Govt. deposits 505 084 84 Time deposits, including postal savings 4-34 919 64 948 255 50 Total deposits Borrowings from F. R. bank 384 416 46 Borrowings from other banks All other liabilities 1 637 918 20 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . Preferred claims.. . Total payments Per cent of payments to claims allowed 452,327 389,123 389,123 86% 6,452 6,452 6,452 100% 909,995 122,365 122,365 13,4% 1 368 774 , , 517,940 517,940 37% General claims. . . . Total claims. . . Payments from guaranty fund 10. Has this bank been finally liquidated? v.e If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1920 sion? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments March 8, 1924 Amount Collected $108,509.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 0 National bank Name of State • State bank o Trust company D Stock savings bank D Mutual savings bank o Private bank South Carolina • Bank of lindrews 1. Name of bank__ 2. Date organized 8 24 12 3. Federal reserve district Date suspended Town or City 12 1 24 5th 4. Number of branches operated: In city of parent bank • Andrews Population of town or city* Georgetewn 1 , 500 Iember or nonmember of F. R. System_ NO None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County 6. Condition figures, as of (date*) Nov 29 1924 Loans and discounts: On real estate 121 544 40 Other 336 699 30 461 243 70 Total loans and discounts 28 360 05 Real estate acquired in satisfaction of debts Investments 77 893 12 All other resources 567 496 87 Total resources 100 000 00 Capital 5 894 83 Surplus and undivided profits Deposits: 9 962 36 Due to banks** Demand deposits, including U. S. Govt. deposits 150 674 85 Time deposits, including postal savings 208 742 88 369 380 09 Total deposits Borrowings from F. R. bank 86 725 00 Borrowings from other banks 5 496 95 All other liabilities 567 496 87 Total liabilities 7. H Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed 121,340 Secured claims Payments from guaranty fund 95,563 Total payments Per cent of payments to claims allowed 95,563 None Preferred claims General claims. . . . 323,827 Bo2113 Total claims.. . . 445, 167 , 95563 10. Has this bank been finally liquidated? 95,563 21.4 If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. • Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1920 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis es If so, give dates and amounts of all assessments 1926 amount Collected. $700.00 4110 H L Hand.ngway FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING Receiver BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank M State bank 204 Name of State O Trust company O Stock savings bank 11] Mutual savings bank South Carolina 0 Private bank • 1. Name of bankCommerc lal & Savirr s BFink 2. Date organized 2/25/25 3. Federal reserve district Town or City Andrews Date suspended 12/31/30 Population of town or city* 1500 NorLe Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Georgetown Member or nonmember of F. R. System_ N° 5 4. Number of branches operated: In city of parent bank • County 6. Condition figures, as of (date*) Dec r-7,3• 1930 Loans and discounts: 80 00 On real estate 7 032 70 Other $ Total loans and discounts 7 112 70 2 000 00 Real estate acquired in satisfaction of debts Investments 6 278 70 All other resources 15 :391 40 Total resources Capital 7 940 00 Surplus and undivided profits 1 459 93 Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 5 972 78 Total deposits Borrowings from F. R. bank Borrowings from other banks 18 69 All other liabilities Total liabilities 7. Has this bank been reopened? 15 3P1 40 If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . .. Preferred claims.. General claims. . . Total claims. . . If so give: 10. Has this bank been finally liquidated? • Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. ... Preferred claims... General claims. . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed • 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify).. . T.ot1..24.$sets . tzto .to..warr.ant. the operation of bank. Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry• or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessmentc • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State State bank O Trust company South O Stock savings bank O Carolina Mutual savings bank O Private bank Farmers and Merchants Baia 1. Name of bank__ Town or City Andrews 2. Date organized 9318 3. Federal reserve district Date suspended 5th 10 25 24 Population of town or city* 1,500 Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank Nona Outside city of parent bank** None • 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension.• http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Ge°1egetown No 6. Condition figures, as of (date*) VA-141-(1W Loans and discounts: 41 180 30 On real estate 133 012 06 Other 174- 192 36 Total loans and discounts 19 886 91 Real estate acquired in satisfaction of debts 100 00 Investments All other resources 37 2,31 353 63 Total resources 44 567 63 Capital Surplus and undivided profits Deposits: 7 383 72 Due to banks** Demand deposits, including U. S. Govt. deposits 32 792 00 Time deposits, including postal savings 57 842 86 98 018 58 Total deposits Borrowings from F. R. bank 88 767 42 Borrowings from other banks All other liabilities 231 353 63 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments 88,767 12,000 12,000 General claims....87,217 None None 175,984 12t000 12,000 Secured claims. ... Per cent of payments to claims allowed 13,5% Preferred claims... Total claims. 10. Has this bank been finally liquidated? 6.4 If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1920 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Nothing collected • -4-7," FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O 0.) National bank Name of State 12 State bank O Trust company O Stock savings bank O Mutual savings bank South Carolina O Private bank 1. Name of bank Bank of Ashton 2. Date organized 7 28 19 3. Federal reserve district Town or City Date suspended 2 23 24 5th Population of town or city* 14139 Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Colleton Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Ashton 59 NO 6. Condition figures, as of (date*) 3e1t, 17, 1923 Loans and discounts: On real estate 1 140 00 Other 3 495 54 4 635 54 Total loans and discounts 500 00 Real estate acquired in satisfaction of debts Investments 10 647 06 All other resources 15 782 60 Total resources 8 320 00 Capital 86 23 Surplus and undivided profits Deposits: 99 96 Due to banks** Demand deposits, including U. S. Govt. deposits 4 117 16 Time deposits, including postal savings 2 709 25 6 926 37 Total deposits Borrowings from F. R. bank 450 00 Borrowings from other banks All other liabilities 15 782 60 Total liabilities 7. Ilas this bank been reopened? 1.40 If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to &tints Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ii0 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments 450 450 General claims.... 6,325 632 632- Total claims. . . . 6,775 1,082 1,082 450 Secured claims. . . . Per cent of payments to claims allowed 100% Preferred claims.. . 10. Has this bank been finally liquidated? 10% 15,31 If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .NO If so, give dates and amounts of all assessments • /9 3 /6/ FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State [41 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank 1. Name of bank 2. Date organized Peoples Bank 8 22 05 3. Federal reserve district Town or City Date suspended 5th 4 14 24 Bamberg Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ • Bamberg 1.10 6. Condition figures, as of (date*) Zr 14, 1924 Loans and discounts: 28 418 25 On real estate 124 913 46 Other 143 331 71 Total loans and discounts Real estate acquired in satisfaction of debts fr Investments 27 751 33 All other resources 171 083 04 Total resources 25 000 00 Capital 5 485 54 Surplus and undivided profits Deposits: 58 72 Due to banks** Demand deposits, including U. S. Govt. deposits 12 403 74 Time deposits, including postal savings 83 541 19 96 003 65 Total deposits Borrowings from F. R. bank 44 535 85 Borrowings from other banks 58 00 All other liabilities 11 083 04 Total liabilities 7. has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections I Claims allowed 44,535 Secured claims... Payments from guaranty fund Total payments Per cent of payments to claims allowed (Figures not ailable — Bholding co lateral for themseives) Preferred claims.. 96,108 General claims. 2,883 2083 3% Total claims.. . •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims. General claims. . Total claims. . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1920 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1926-27 — Amount Collected $6539 79 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following ( O NI O O O O National bank Name of State State bank Trust company Stock savings bank South Carolina Mutual savings bank Private bank 1. Name of bank 2. Date organized State Loan and. Savings Bank 9 21 23 3. Federal reserve district m Town or City Bamberg 10 17 28 Population of town or Date suspended 5th Member or nonmember of F R System 4. Number of branches operated: In city of parent bank_ None None Outside city of parent bank" 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Bamb erg 2 210 NO 6. Condition figures, as of (date*) Oct. 17, 1928 Loans and discounts: On real estate 29 552 60 Other 60 998 86 90 551 46 Total loans and discounts Real estate acquired in satisfaction of debts mcie328513fi2 Investments 10 387 52 All other resources 100 938 98 Total resources 16 375 00 Capital 6 952 65 Surplus and undivided profits Deposits: Due to banks** 1018 10 Demand deposits, including U. S. Govt. deposits 7 929 55 Time deposits, including postal savings 48 572 01 59 518 66 Total deposits Borrowings from F. R. bank 19 112 50 Borrowings from other banks 980 17 All other liabilities 100 938 98 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed 29,298 22,741 22,741 38,564 7,800 7,800 16% 67,862 30,541 30,541 45% Secured claims. .. . 77.6% Preferred claims.. General claims. . .. Total claims. .. . 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims. . General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1929 — Amount Collected. $10,-200,00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Eg State bank Name of State El Trust company • Stock savings bank 111 South Carolina Mutual savings bank 1:1 Private bank • 1. Name of bank-!t0 Loan & Savings Bank Date suspended 3/16/28 2. Date organized 9/21/23 3. Federal reserve district Town or City 5th Bantherg Population of town or city* Member or nonmember of F. R. SystetP None 4. Number of branches operated: In city of parent bank__ Outside city of parent bank** None • 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Bamberg 2210 3/5/28 6. Condition figures, as of (date*) Loans and discounts: Cannot ascertain On real estate Other 140 233 59 Total loans and discounts Real estate acquired in satisfaction of debts Investments \\(\. 26 266 06 All other resources 166 499 63 Total resources 16 375 00 Capital 6 929 55 Surplus and undivided profits Deposits: $ Due to banks** 334 38 Demand deposits, including U. S. Govt. deposits 98 171 29 Time deposits, including postal savings 12 237 30 110 742,97 Total deposits Borrowings from F. R. bank 25 000 00 Borrowings from other banks 7 452 13 All other liabilities 166 499 65 Total liabilities 7. Has this bank been reopened? Date of reopening Yes If so give: 4/16/28 Name under which reopened Loss to depositors on: State Loan SC Savings Bank Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed _ Secured claims. . Preferred claims.. General claims. . . . Total claims. . 1111 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured Dividends paid from collections Payments from guaranty fund claims Preferred claims General claims. . . , Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton. What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank a State bank Name of State O Trust company O Stock savings bank O South Carolina. Mutual savings bank O Private bank • Home Bank 1. Name of bank__ 2. Date organized 1 24 10 3. Federal reserve district Town or City Date suspended 5th Barnwell Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ Non e Outside city of parent bank** 410 None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. • ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Baravel1 1,903 NO 6. Condition figures, as of (date*) Nov. 19, 1926 Loans and discounts: 43 976 14 On real estate 193 463 46 Other 237 439 60 Total loans and discounts 8 388 98 Real estate acquired in satisfaction of debts 4 248 06 Investments 74 314 20 All other resources 324 390 84 Total resources Capital 30 000 00 Surplus and undivided profits 33 625 09 Deposits: 675 54 Due to banks** Demand deposits, including Ti. S. Govt. deposits Time deposits, including postal savings 146 221 79 65 410 14 212 307 47 Total deposits Borrowings from F. R. bank 47 100 00 Borrowings from other banks 1 358 28 All other liabilities 324 390 84 Total liabilities 7. Ilas this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total YesIf so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . Preferred claims.. General claims. . Total claims.. . Payments from guaranty fund Total payments Per cent of payments to claims allowed 53,100 32,640 32,640 227 227 227 100% 179,025 38,042 38,042 21% 232,452 70,909 70,909 30.5% 10. Has this bank been finally liquidated? 61.4% •C-- If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Yes or agriculture? If so, state what industry or type of agriculture Cottot). What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Two or three years pre ceding. 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1926-27 amount Collected $11,000.00 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State E State bank o Trust company • Stock savings bank South Carolina [7] Mutual savings bank • Private bank 1. Name of bank 2. Date organized Beaufo rt Bank 5 1 09 3. Federal reserve district Town or City Beau.f0rt Date suspended 5th Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • 7 12 26 None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Beamfo :et 2,831 No Court — iO t available 6. Condition figures, as of (date*) Deo. 31, 1925 — Records in Loans and discounts: On real estate $ iiot available at this time Other $ Total loans and discounts 1 032 691 94 0,\\\ 8 250 20 Real estate acquired in satisfaction of debts 61 140 00 Investments 122 625 65 All other resources 1 224 707 79 Total resources Capital 100 000 00 Surplus and undivided profits 113 681 52 Deposits: 20 213. 49 Due to banks** Demand deposits, including U. S. Govt. deposits 446 953 70 Time deposits, including postal savings 406 561 08 873 726 27 Total deposits Borrowings from F. R. bank 100 000 00 Borrowings from other banks 37 300 00 All other liabilities 1 224 707 79 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . 115,72'? 109,655 . Total claims. . . . Total payments 109,655 Per cent of payments to claims allowed 93.8% 578 578 578 842,331 71,343. 71,341. 8.4% 958,636 181,574 181,574 18.9% Preferred claims... General claims. . .. Payments from guaranty fund 10. Has this bank been finally liquidated? 100% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment,laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • NO If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1927 Amount Collected 338,599.06 • (1 de,azol .9.2 6" FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 0 National bank Name of State a] State bank O Trust company O Stock savings bank South. Carolina LI Mutual savings bank 0 Private bank • 1. Name of bank 2. Date organized Workers Enterprise Bank 11 6 19 3. Federal reserve district Date suspended 5th 4. Number of branches operated: In city of parent bank Town or City Bennettsville County Marlboro 12 27 24Population of town or city* Member or nonmember of F. R. System None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3,200 110_ 6. Condition figures, as of (date*) I Vivyq jytf Loans and discounts: 25 169 23 On real estate 6 150 00 Other 31 319 23 Total loans and discounts 445 86 Real estate acquired in satisfaction of debts Investments 20 818 60 All other resources 52 983 69 Total resources 12 850 00 Capital 7 186 05 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 32 947 64 Time deposits, including postal savings 32 947 64 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 52 983 69 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S. Has this bank been taken over by another bank? 17,0 If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount o loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims.... Preferred claims 31,447 General claims 39144 3,144 10% Total claims. . . . •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. Preferred claims... General claims. . . . Total claims. . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments None so far — suit pending FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State 4] State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • Bank of Bethune 1. Name of bank__ 2. Date organized 9 7 08 3. Federal reserve district Date suspended 5th Kershaw 1 31 30 Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank 411 Bethune Town or City 299 NO Jan 30 1930 6. Condition figures, as of (date*) Loans and discounts: On real estate 14 263 14 Other 41 570 57 55 833 73. Total loans and discounts 14 334 28 Real estate acquired in satisfaction of debts f Investments 7 100 00 All other resources 9 401 11 86 669 10 Total resources 15 000 00 Capital 5 317 45 Surplus and undivided profits Deposits: $ Due to banks** 2 308 21. Demand deposits, including U. S. Govt. deposits 35 192 77 Time deposits, including postal savings 2'7 921 41 65 422 39 Total deposits Borrowings from F. R. bank Borrowings from other banks 929 26 All other liabilities 86 669 10 Total liabilities No 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 5,030 5,030 Payments from guaranty fund Secured claims. .. . Total payments Per cent of payments to claims allowed 5,030 100% Preferred claims.. . General claims 59,380 Total claims 109,680 Not as ye& 5,030 5,030 10. Has this bank been finally liquidated? 4,6% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 1 1. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO If so, give dates and amounts of all assessments Suit pending • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O a 1 52 National bank Name of State State bank O Trust company • Stock savings bank O South Carolina Mutual savings bank O Private bank 1. Name of bank 2. Date organized Bank of Blacksburg 1/26/05 3. Federal reserve district Date suspended Town or City Blacksburg 4/19/27 5th Population of town or city* Member or nonmember of F. R System__ 4. Number of branches operated: In city of parent bank None Outside city of parent bank** O None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Cherokee 1,512 No 6. Condition figures, as of (date*) MY 7, 1927 Loans and discounts: $ On real estate 52,744 79 122 287 78 Other 175 032 57 Total loans and discounts 14 Real estate acquired in satisfaction of debts \ Investments 10 273 44 3 300 00 31 689 04 All other resources 220 295 05 Total resources Capital 50 000 00 Surplus and undivided profits 21 858 36 Deposits: 1 871 83 Due to banks** Demand deposits, including U. S. Govt. deposits 62 858 95 Time deposits, including postal savings 22 105 91 86 836 69 Total deposits Borrowings from F. R. bank 60 000 00 Borrowings from other banks 1 600 00 All other liabilities 2Z) 295 05 Total liabilities 7. Has this bank been reopened? N° If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO b. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 61,398 Secured claims. . . . claims...1,135 Preferred 61,398 61,398 1,135 1,135 45,623 9,555 9,555 20.9% 108,156 72,088 72,088 66.6% General claims Total claims. . 10. Has this bank been finally liquidated? 100% 100 % If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1930 Amount $3,500.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State [2 State bank O Trust company O Stock savings bank South Carolina 0 Mutual savings bank O Private bank 1. Name of bank 2. Date organized eitizens Bank Town or City Blacksburg 2/10/08 4/14/25 3. Federal reserve district Date suspended 5th 4. Number of branches operated: In city of parent bank Member or nonmember of F R System_ No :None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Cherokee Population of town or city* 1,512 Outside city of parent bank** None 110 County —1 6. Condition figures, as of (date*) VC- Loans and discounts: $ On real estate 18,970 00 101 754 89 Other $ Total loans and discounts 120 724 89 Real estate acquired in satisfaction of debts Investments 46 670 13 All other resources 167 395 02 Total resources 20 000 00 Capital 5 576 58 Surplus and undivided profits Deposits: 4 055 05 Due to banks** Demand deposits, including U. S. Govt. deposits 66 851 65 Time deposits, including postal savings 30 406 14 101 312 84 Total deposits Borrowings from F. R. bank 40 500 00 Borrowings from other banks 5 60 All other liabilities 167 395 02 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yee If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 32,147 37,147 37,147 89,576 30s_08 2 30,208 3.9%_ 126,723 67s 355 67,355 53.1% 100% Preferred claims.. General claims.. Total claims.. . , •10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. . . . Total claims. ... http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund ,.Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • NO If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Spring 1925 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments November 1925 kaatint $11,730.19 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O 53 National bank Name of State [g State bank O Trust company • Stock savings bank South Carolina [1] Mutual savings bank • Private bank • Cmmnercial Bank 1. Name of bank_ 2. Date organized 2317 3. Federal reserve district . Town or City Date suspended 5th 5123 Blackville Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__. None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Barnwell 12200 NO 6. Condition figures, as of (date*) May1W..:3 Loans and discounts: On real estate 26 223 16 Other 73 847 57 100 070 73 Total loans and discounts Real estate acquired in satisfaction of debts Investments 11 898 28 All other resources 111 969 01 Total resources 20 000 00 Capital 1 669 63 Surplus and undivided profits Deposits: 82 00 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 9 '717 71 39 499 67 49 299 38 Total deposits Borrowings from F. R. bank 41 000 00 Borrowings from other banks All other liabilities 111 969 01 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Antolini of loss Per cent of loss to claims Secured claims Preferred claims General claims. Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 46,411 46,411 46,411 100% 46,817 45,881 48,881 98% 93,2a3 92,292 92,292 99.4 Secured claims Payments from guaranty fund Total payments Per cent of payments to claims allowed Preferred claims.. General claims. . . Total claims. .. 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims . . . . Preferred claims.. . General claims. . .. Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Dissent ion amona officials. Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1922 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Fall 1922 Amount Collected. $15,000600 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State t] State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Peoples Bank 3 21 16 3. Federal reserve district Date suspended 6 23 21 5th Outside city of parent bank** Population of town or city* Eone None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R System_ 4. Number of branches operated: In city of parent bank • Bowman Town or City °rang eburg 1 No 6. Condition figures, as of (date*) May 192/ Loans and discounts: 48 876 56 On real estate 192 253 70 Other 241 130 26 Total loans and discounts 10 000 00 Real estate acquired in satisfaction of debts Investments 12 601 89 All other resources 263 732 15 Total resources Capital 50 000 00 Surplus and undivided profits 15 165 49 Deposits: $ Due to banks** Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 11 363 04 15 233 13 110 961 35 137 557 52 Total deposits Borrowings from F. R. bank 61 011 14 Borrowings from other banks All other liabilities 263 732 15 Total liabilities 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank) Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? ix= If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . .. Preferred claims... General claims . Total claims 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 1924 Bank creditors held all assets of value. Collections: From liquidation of assets 26,031.40 From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed ,r Secured claims. .. 88, 786 31,600 31,600 35.7% 109,782 21,956 21,956 20% 198,568 53,556 ____ 3„_556 Preferred claims General claims Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 26.9% %G.77 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause. Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • (Also Fish.eries Products Co.) or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1920 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Date — 1923 40 6, 031. • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank g State bank (Li Name of State O Trust company O Stock savings bank South Carolina LI Mutual savings bank 0 Private bank • Bank of Branchville 1. Name of bank_ 2. Date organized 12 24 19 3. Federal reserve district Town or City Date suspended 5tb. 12 31 24 Non e Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Orangeburg 1,800 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__ • Brancb.vi11 e County No 6. Condition figures, as of (date*) ,Tan 2, 1925 Loans and discounts: 41 089 04 On real estate 165 222 26 Other 206 311 30 Total loans and discounts Real estate acquired in satisfaction of debts Investments 24 267 04 All other resources 230 578 34 Total resources 43 350 00 Capital 15 548 50 Surplus and undivided profits Deposits: 1 25 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 38 887 71 88 600 52 127 488 88 Total deposits Borrowings from F. R. bank 44 182 36 Borrowings from other banks 8 00 All other liabilities 230 578 34 Taal liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Preferred claims. General claims. . . 44,182 Dividends paid from collections Payments from guaranty fund Total payments Figures not av liable 501 501 501 128,133 9,690 9, 690 Total claims. . i '1 9 k Per cent of payments to claims allowed 10,1 , °I I \_ 6 100 % 7.561 5:1 Banks holding collateral sold sane and we have no record as to outcome. If so give: 10. Has this bank been finally liquidated? Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 1922 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? nE If so, give dates and amounts of all assessments In 1922 stockholders were assessed 50% of holdings but only 414,000.00 was collected° They were assessed again in 1925 and the amount collected was 410,450.00 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following El National bank Name of State • State bank • Trust company LI Stock savings bank fl Mutual savings bank South Carolina ▪ Private bank • Peoples Bank 1. Name of bank_ 2. Date organized 12 11 06 Date suspended 5th 3. Federal reserve district 4. Number of branches operated: In city of parent bank Town or City Branchville 1 20 28 Population of town or city* Member or nonmember of F. R. System_ None Outside city of parent bank** Nene 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Orangeburg 1,814 NO , 1.928 6. Condition figures, as of (date*) Loans and discounts: On real estate 27 721 16 Other 59 306 64 87 027 80 Total loans and discounts 10 762 31 Real estate acquired in satisfaction of debts Investments 17 426 58 All other resources 115 216 69 Total resources 21 500 00 Capital 514 70 Surplus and undivided profits Deposits: 1 407 72 Due to banks** Demand deposits, including U. S. Govt. deposits 35 975 69 Tune deposits, including postal savings 45 578 58 82 961 99 Total deposits Borrowings from F. R. bank 10 200 00 Borrowings from other banks 40 00 All other liabilities 115 216 69 Total liabilities 7. Has this bank been reopened? 110 If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1;9 8. Has this bank been taken over by another bank If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yos 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims Dividends paid from collections Payments from guaranty fund Total claims Per cent of payments to claims allowed 10„200 109POO -. 10,200 100 1,407 1,407 1,407 100 80,383 8,038 8,038 91,990 19,645 19,645 Preferred claims General claims Total payments , 10; 21.3% ,i 3_3 If so give: •10. Has this bank been finally liquidated? Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. . . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause • Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Jan. 15, 1930 Iraount Collected ' ? . 2,800.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following AI C. ) t:),4 • National bank Name of State Dc State bank ID Trust company El Stock savings bank South Carolina • Mutual savings bank • Private bank • 1. Name of bank 2. Date organized Merchants & Planters Bank 8 23 12 3. Federal reserve district Date suspended Town or City Brunson 7 12 26 5th 4. Number of branches operated: In city of parent bank Population of town or city* Member or nonmember of F R System_ None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group LO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Hampton 699 No 6. Condition figures, as of (date*) July 12, 1926 Loans and discounts: 3 719 65 On real estate 14 4-83 04 Other 18 202 69 Total loans and discounts 800 00 Real estate acquired in satisfaction of debts Investments 21 047 89 All other resources 40 050 58 Total resources 15 000 00 Capital Surplus and undivided profits Deposits: 11 783 86 Due to banks** Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 7 853 01 5 413 71 25 050 58 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 40 050 58 Total liabilities 7. IIas this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank 10 If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Payments from guaranty fund Dividends paid from collections Total payments Per cent of payments to claims allowed Secured claims 614 Preferred claims 614 17804 General claims 1005 Lone 18,478 Total claims 614 614 614 3.3% If so give: 411° 10. Has this bank been finally liquidated? Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Payments from guaranty fund Dividends paid from collections Secured claims. . Preferred claims.. . General claims. . . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Beaufb r t Bank Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? ID Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessmentc • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State 41 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank E] Private bank 1. Name of bank__Bank of Cades . 2. Date organized 6 21 12 3. Federal reserve district Town or City Date suspended 5th 12. 22 25 d Caes Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ Nore None Outside city Of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Williamsburg 114 No 6. Condition figures, as of (date*) 12 22 25 Loans and discounts: 7 837 02 On real estate Z7 336 20 Other Total loans and discounts $ 35 173 22 Real estate acquired in satisfaction of debts 894 90 Investments 11 221 31 All other resources 47 289 43 Total resources 10 000 00 Capital 1 985 94 Surplus and undivided profits Deposits: 12 541 27 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 9 468 76 13 293 46 35 303 49 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 47 289 43 Total liabilities 7. IIas this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ItO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed 10,931 10,931 10,931 General claims. . . . 22,506 5,624 5,624 Total claims. . .. 33,437 16,555 16,555 49% i - Total payments Per cent of payments to claims allowed Secured claims. .. . 100 % Preferred claims... •10. Has this bank been finally liquidated? 25% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes — 'Two If so, state what industry or type of agriculture Cotton and. Tobacco What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1925 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments July 1928 Amount Collected $5,500.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 0 National bank O Name of State State bank O Trust company South Carolina O Stock savings bank O Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Peoples Bank 5 28 21 Town or City Date suspended 2 15 26 4. Number of branches operated: In city of parent bank Population of town or city* 3,930 None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Kershaw Member or nonmember of F. R. System 3. Federal reserve district • Camden. No 2 13 26 6. Condition figures, as of (date*) Loans and discounts: 2 062 74 On real estate 24 795 18 Other 26 857 92 Total loans and discounts 1 204 46 Real estate acquired in satisfaction of debts Cl Investments 4 027 50 13 982 82 All other resources 46 072 70 Total resources 19 400 00 Capital 740 45 Surplus and undivided profits Deposits: 21 08 Due to banks** Demand deposits, including U. S. Govt. deposits 17 821 28 Time deposits, including postal savings .7 571 27 25 413 63 Total deposits Borrowings from F. R. bank Borrowings from other banks 518 62 All other liabilities 46 072 70 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims Preferred claims General claims Total claims 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: May 1930 Collections: $ From liquidation of assets 29 551 no From assessments on shareholders None Other collections (explain) None 29 551 00 Total collections /150.00 Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 3,906 3,906 3 906 , 100% General claims. . . 20,336 24,242 Total claims 17,285 17,285 85% 21,191 21,191 87.4% Secured claims Preferred claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 1. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. .Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following National bank Name of State g State bank El Trust company LI Stock savings bank LI Mutual savings bank LI Private bank South Carolina • 1. Name of bank Bank of Carlisle 420 03 2. Date organized Date suspended Town or City Carlisle 11 13 25 County Union 5th 3. Federal reserve district Member or nonmember of F R System 4. Number of branches operated: In city of parent bank Nor Outside city of parent bank** None • 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 376 Population of town or city* No 6. Condition figures, as of (date*) Nov. 13,1925 Loans and discounts: 17 323 07 On real estate 132 341 85 • Other 149 664 92 Total loans and discounts 105 97 Real estate acquired in satisfaction of debts 3 221 60 Investments 10 647 20 All other resources 163 639 69 Total resources Capital 10 000 00 Surplus and undivided profits 28 937 44 Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 55 360 29 Time deposits, including postal savings 47 956 69 103 316 98 Total deposits Borrowings from F. R. bank 21 200 00 Borrowings from other banks 185 27 All other liabilities 163 639 69 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition itetns should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 6991% 21,200 14,659 14,659 85,575 8,557 8,557 106,775 23,216 23,216 Preferred claims.. . General claims. . . Total claims... •10. Has this bank been finally liquidated? Date liquidation was completed 10% 21.7 % If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims.. . General claims. . . . Total claims. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1925 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments After clos" Thll as essment Amount Collected 01,79140 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State at State bank O Trust company O Stock savings bank O South. Carolina Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Farmers Bank 2 23 213 3. Federal reserve district Date suspended 5th Town or City Carlisle 11 13 25 Population of town or city*_ Member or nonmember of F. R System 4. Number of branches operated: In city of parent bank -- None None Outside city of parent bank** • 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Union 7 3No 6. Condition figures, as of (date*) Nov. 12, 1925 Loans and discounts: . 7 130 96 On real estate 62 980 74 Other 70 111 70 Total loans and discounts 800 00 Real estate acquired in satisfaction of debts Investments 12 522 50 All other resources 83 434 20 Total resources 25 000 00 Capital 7 301 31 Surplus and undivided profits Deposits: 530 02 Due to banks** Demand deposits, including U. S. Govt. deposits 24 518 21 Time deposits, including postal savings 14 084 66 39 132 89 Total deposits Borrowings from F. R. bank 12 000 00 Borrowings from other banks All other liabilities 83 434 20 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Preferred claims.. Dividends paid from collections 12,000 8,252 Payments from guaranty fund _ Total payments Per cent of payments to claims allowed 8,252 68.33% 5•873 e 20p None General claims.. . 29,365 5se_873 Total claims 41,365 14,125 •10. Has this bank been finally liquidated? 14,125 . 34 I!) If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . . . Preferred claims.. . General claims. . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1924 —25 sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments es About 192? .Amount Collected $2500.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following El National bank Name of State E3 State bank LI Trust company LI Stock savings bank LI Mutual savings bank South Carolina 11] Private bank • 1. Name of bank 2. Date organized _ Bank of Central 1 1 04 Town or City Central County 11. 10 25 Population of town or city* Date suspended 5th 3. Federal reserve district Member or nonmember of F. R. System_ None 4. Number of branches operated: In city of parent bank__ Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Pickens 898 No 6. Condition figures, as of (date*) Nov. 10, 1925 Loans and discounts: On real estate Other 7 358 50 55 091 94 62 450 44 Total loans and discounts 3 099 25 Real estate acquired in satisfaction of debts \ Investments 14 028 37 All other resources 79 578 06 Total resources 15 000 00 Capital 8 151 71 Surplus and undivided profits Deposits: Due to banks** 1 513 86 Demand deposits, including U. S. Govt. deposits 27 950 49 Time deposits, including postal savings 15 452 41 34 916 76 Total deposits Borrowings from F. R. bank $11 241 25 Borrowings from other banks 268 34 All other liabilities 79 578 06 Total liabilities 7. Has this bank been reopened? NoIf so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: S. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11,241 11,241 11,241 4-5,540 22,069 22,069 48.4 56,781 33s 310 33 310 _it 58,.% 100% Preferred claims. General claims.. Total claims. . . 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Secured claims. .. Preferred claims General claims. . . . Total claims. .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Fall 1924-25 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Jul .15, 1926 Amount413_,Lq90.00 110 FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 83 National bank Name of State E! State bank 1:11 Trust company ID Stock savings bank South Carolina 111] Mutual savings bank Private bank • 1. Name of bankillneI's Bank 2. Date organized 10 26 06 3. Federal reserve district Date suspended Town or City 11 15 29 Central Population of town or city* 898 5th Member or nonmember of F. R. System__ 11° 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Pidkens Nov. 15, 1929 6. Condition figures, as of (date*) Loans and discounts: On real estate 21 103 40 Other 80 664 09 101 767 49 Total loans and discounts o' r 2 050 00 \\) Real estate acquired in satisfaction of debts Investments 28 744 83 All other resources 132 562 32 Total resources 25 000 00 Capital 9 162 02 Surplus and undivided profits Deposits: 694 26 Due to banks** Demand deposits, including U. S. Govt. deposits 60 409 33 Time deposits, including postal savings 23 796 71 84 900 30 Total deposits Borrowings from F. R. bank 13 500 00 Borrowings from other banks All other liabilities 132 562 32 Total liabilities .7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 110 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Ye a If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 13,500 Secured claims Preferred claims Payments from guaranty fund Total payments Per cent of payments to claims allowed 8.562 8,562 63.4% 8,562 8,562 8.9% — General claims. . . . 83,029 96,529 Total claims.... •10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . .. Preferred claims.. General claims. . . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenAbout six months sion? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the Yes bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments October 1930 Amount $500.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank [g State bank Name of State El Trust company O Stock savings bank O Mutual savings bank South Caroliha O Private bank • 1. Name of bank 2. Date organized Citizens Bank Town or City 3/27/11 '0/18/22 Population of town or city* Date suspended allSrlestOn County 5 Member or nonmember of F. R. System 3. Federal reserve district 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group None * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Marl°StOrt 75,900 NO 6. Condition figures, as of (date*) 11)110'1/ Loans and discounts: $ On real estate Cannot ascertain st Other pf 508 835 31 Total loans and discounts 33 012 64 Real estate acquired in satisfaction of debts (\* Investments 217 070 00 All other resources 111 831 18 870 749 13 Total resources Capital 75 000 00 Surplus and undivided profits 58 263 83 Deposits: 2 369 80 Due to banks** Demand deposits, including U. S. Govt. deposits 178 422 68 Time deposits, including postal savings 246 392 82 $ Total deposits 427 185 30 Borrowings from F. R. bank 310 300 00 Borrowings from other banks All other liabilities 870 749 13 Total liabilities 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over • Date taken over_ Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yee 9. Is this bank still in process of liquidation? If so give payments to date: Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims. .. . 310,300 • 310,300 310,300 100% Preferred claims.. . General claims. . . . Total claims. ... 427 v_5 18_E_3_ 36,306 368,306 86% t . 737 485 678,606 92% 678,606 •10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Fall stock liability as of closing date of Bank Anicarat Collected 4.38,399.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank a State bank Name of State O Trust company O Stock savings bank South Caro1ina 0 Mutual savings bank El Private bank • 1. Name of bank 2. Date organized City Bpnk and. Trust Co 3/29/16 3. Federal reserve district Town or City Cliarleston 15/Z2 Date suspended 8/ 5 Population of town or city*75,900 Member or nonmember of F. R System_ NO 4. Number of branches operated: In city of parent bank NO Outside city of parent bank** NO 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Ciaarlestor 6. Condition figures, as of (date*) ( "I Y Loans and discounts: 15 400 00 On real estate 139 599 33 Other 154 999 33 Total loans and discounts 8 500 00 Real estate acquired in satisfaction of debts \41 6 144 36 Investments 44 654 16 All other resources 214 297 85 Total resources 50 000 00 Capital 9 139 84 Surplus and undivided profits Deposits: 8 022 19 Due to banks** Demand deposits, including U. S. Govt. deposits 59 949 93 Time deposits, including postal savings 45 4.85 89 113 458 01 Total deposits Borrowings from F. R. bank 41 700 00 Borrowings from other banks 214 297 85 All other liabilities Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? 110 If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yew 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 41,700 41,700 41,700 100% 113,458 56,729 56,729 50% 98,429 9429 Preferred claims.. . General claims Total claims.. . . 155,158_ •10. Has this bank been finally liquidated? _.,63% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) r Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? NO If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Assessment levied 1929 Approximately $10,000.00 collected • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following El National bank L State bank Name of State El Trust company 111 Stock savings bank [11 South Carolina Mutual savings bank El Private bank • 1. Name of bank 2. Date organized EnterPrise Bank May 1 1894 3. Federal reserve district Date suspended 5 4. Number of branches operated: In city of parent bank Town or taity Charleston ei 1119/22 Population of town or city* 75,900 Member or nonmember of F. R. System No Outside city of parent bank** No 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Countyfaarlastob NO 6. Condition figures, as of (date*) 7/11,4 48- Ivy Loans and discounts: 81 000 00 On real estate '788 241 57 Other 869 241 57 Total loans and discounts rt,\ 35 718 33 Real estate acquired in satisfaction of debts (1 Investments 11 500 00 122 376 33 All other resources 1 038 836 23 Total resources Capital 50 000 00 Surplus and undivided profits 20 039 44 Deposits: 807 48 Due to banks** Demand deposits, including U. S. Govt. deposits 232 685 40 Time deposits, including postal savings Certificates of Depostt Total deposits 33 755 81 675 163 83 $ 942 412 52 Borrowings from F. R. bank Borrowings from other banks 13 984 Zt All other liabilities 12 400 00 1 038 836 23 Total liabilities 7. Has this bank been reopened? Date of reopening Yes If so giv but close• shortly Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 8. Has this bank been taken over by another bank? ITO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 13,984 Payments from guaranty fund Total payments Per cent of payments to claims allowed 13,984 13,984 Preferred claims... .936,585 . General claims. . 161,768 161,768 144 1 1' 950,569_ — 175,752 175,752 18.47% Secured claims. . . Total claims. . .. 10. Has this bank been finally liquidated? 100% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . Preferred claims.. . General claims Total claims. . .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Stockholders assessed — Amount Collected V.4,302.93 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank E State bank Name of State O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Liberty Bank 5 12 18 3. Federal reserve district Date suspended Town or City Charleston 1922 5th Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank None Outside city of parent bank** No 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Charleston 70,000 No 6. Condition figures, as of (date*) Apr. 1, 1923 Loans and discounts: $ On real estate 51 000 00 132 710 07 Other $ Total loans and discounts 183 '710 07 3 250 00 Real estate acquired in satisfaction of debts Investments 61 213 92 All other resources 24 129 76 272 303 75 Total resources 50 000 00 Capital Surplus and undivided profits Deposits: 499 84 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 17 335 56 162 963 14 180 798 54 Total deposits Borrowings from F. R. bank 8 620 21 Borrowings from other banks 32 885 00 All other liabilities 272 303 75 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims. .. . 8,620 8,62w 8,620 177,250 35,450 35,450 20% 185,870 44v 070 44,070 23.7% 100% Preferred claims General claims. . .. Total claims 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. .. Preferred claims General claims. . . . Total claims. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. .Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments No record 4 el _4.0 • • 1 L L-•• )0 • • / FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O 145 National bank Name of State [X State bank O Trust company El Stock savings bank South Caroliba 0 Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Peoples Federation Bank 3/15/20 3. Federal reserve district Date suspended 5 Town or City 9/7/26 Charleston County Charleston Population of town or city* 75,900 Member or nonmember of F R System_ 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None • 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 6. Condition figures, as of (date*) Loans and discounts: On real estate 67 055 71 Other 51 153 82 118 209 53 Total loans and discounts Real estate acquired in satisfaction of debts 71 527 24 Investments 21 300 00 All other resources 16 481 58 227 518 35 Total resources 19 820 32 Capital 154 59 Surplus and undivided profits Deposits: 205 83 Due to banks** Demand deposits, including Ti. S. Govt. deposits Time deposits, including postal savings 21 085 97 170 587 37 $ Total deposits 191 879 17 Borrowings from F. R. bank Borrowings from other banks 15 664 27 All other liabilities 227 518 35 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims. ..20,314 Payments from guaranty fund Total payments Per cent of payments to claims allowed 20 , 314 20,314 100% 62-034 35% Preferred claims. General claims.. 177,240 62.034 Total claims. 197,554 82,348 10. Has this bank been finally liquidated? 82048 41.6% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims.. . General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ' Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? IP No If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? Yes If so, give dates and amounts of all assessments Directors at instigation of Examiner paid in $11,000.00 prior to closing. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following National bank M Name of State State bank Trust company LI Stock savings bank EJ South Carolina Mutual savings bank 111 Private bank • oan and Tru.st Co. 1. Name of bank 2. Date organized 12/20/66 3. Federal reserve district Date suspended 5th /16/26 Population of town or city* .None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System__ 4. Number of branches operated: In city of parent bank • Town or City Charle sto-n Charleston 75,900 6. Condition figures, as of (date*) December 16, 1926 Loans and discounts: On real estate $ 266 644 74 1 255 182 35 Other $ Total loans and discounts 1 521 827 09 Real estate acquired in satisfaction of debts `)/ Investments 887 122 33 242 527 All other resources 96 2 651 477 38 Total resources Capital 100 000 00 Surplus and undivided profits 103 851 20 Deposits: Due to banks** 372 011 01 Demand deposits, including U. S. Govt. deposits 549 511 92 Time deposits, including postal savings 1 260 312 57 $ Total deposits 2 181 835 50 Borrowings from F. R. bank 250 000 00 Borrowings from other banks 15 790 68 All other liabilities 2_651 477 38 Total liabilities 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Ye If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured"claims. . . . 250,000 250,000 250,000 100 % None Preferred claims.. 4L1,25,983 531,495 531,495 25% 375,983 , Total claims... 2 781,495 781,495 33% Total payments Per cent of payments to claims allowed General claims 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to glaims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. .. Preferred claims General claims. . . Total claims. . .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • NO or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? Yes If so, give dates and amounts of all assessments InmedisPly following closing — Full liability assessed http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount—GaIda-ed—$1;220.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following /41 0 National bank a Name of State State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank O 1. Name of bank S. C. Loan & Trust Cots Bank Town or City 2. Date organized 3/13/14 3. Federal reserve district Date suspended 5 4. Number of branches operated: In city of parent bank • alarle st071 12/16/26 Population of town or city*75,000 Member or nonmember of F. R. System None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group Majority stock mined by S. C. Loan & Trust Co * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Charle ston No 6. Condition figures, as of (date*) 12.28.26 Loans and discounts: On real estate Other 342 865 07 Total loans and discounts Real estate acquired in satisfaction of debts 400 00 Investments All other resources Cash and. due from S C L & Trust Co 450 399 13 793 664 20 Total resources Capital 50 000 00 Surplus and undivided profits 42 347 15 Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 155 722 90 Time deposits, including postal savings 545 594 15 701 317 05 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 793 664 20 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No S. Has this bank been taken over by another bank? If so give Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Tea If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . . . Preferred claims. . . General claims. . . . 659I,238 352,669 352,669 53.5% Total claims.. .. •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . Preferred claims.. . General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits X Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • No If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Failure of affiliated Bank — December 1926 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following t'V LI Li State bank National bank Name of State rj Trust company South Carolina Stock savings bank 11] Mutual savings bank [11 Private bank • 1. Name ofi3baanill of Ciller= and Chesterfield 2. Date organized 1 28 28 3. Federal reserve district 5th Date suspended Col5g or City ab.eraw 11 9 28 County ale sterfi old. Population of town or city* 3,150 Member or nonmember of F R. System 4. Number of branches operated: In city of parent bank__ eLt„.z -one NO 41 rft, • Outside city of parent bank** Four PvI Po,r161"—`44 5. Was this bank a member of a chain or group? If so give the name of the chain or group This report is consolidated of Parent and. Branab.es * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Nov. 12, 1938 6. Condition figures, as of (date*) Loans and discounts: On real estate 510 417 98 Other 673 021 90 $ Total loans and discounts 1,183 439 88 c. 163 992 99 Real estate acquired in satisfaction of debts A• Investments 702 020 13 All other resources 414 169 71 2 463 622 71 Total resources Capital 250 000 00 Surplus and undivided profits 158 884 68 Deposits: $ Due to banks** Demand dei3osits, including U. S. Govt. deposits Time deposits, including postal savings 72 353 22 1 268 376,33 502 316 42 $ Total deposits 1 843 045 97 Borrowings from F. R. bank 202 803 Borrowings from other banks 8 888 74 All other liabilities 2 463 622 71 Total liabilities 7. Has this bank been reopened? a2 NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 110 S. Has this bank been taken over by another bank? If sd give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Scoured claims Preferred claims General claims Total Yes If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments ' Per cent of payments to claims allowed Secured claims. . . . 350,304 350*304 350*304 100 % Preferred claims... 92,029 48_IL804 48,804 53% 474 431 General claims. ... 1 0 0 Total claims. . .. 1 916 764 399 108 399,108 •10. Has this bank been finally liquidated? Date liquidation was completed 0 P0,8% If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Payments from guaranty fund Dividends paid from collections Secured claims. . .. Preferred claims. General claims Total claims. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton — Real Estate What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Previous Fall Alen these barks attempted to save situation by taking over five small banks, 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes 1929 — If so, give dates and amounts of all assessments il Amount Collected $40,256.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following Ij National bank IQ State bank Name of State [1] Trust company fl Stock savings bank 111 South Carolina Mutual savings bank [1] Private bank • Bank of Chesnee 1. Name of bank__ 2. Date organized 2 24 11 3. Federal reserve district Town or City Date suspended 2 13 30 5th Chesnee Population of town or city* Member or nonmember of F. R System_ 4. Number of branches operated: In city of parent bank None None Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Spartanburg 600 No 6. Condition figures, as of (date*) Feb.13,1930 Loans and discounts: 63. 657 99 On real estate 156 833 64 Other 228 491 63 Total loans and discounts 6 500 00 Real estate acquired in satisfaction of debts Gi Investments 30 072 78 All other resources 35 128 94 300 193 35 Total resources Capital 50 000 00 Surplus and undivided profits 19 779 23 Deposits: 4 420 47 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 202 820 17 23 113 48 $ Total deposits 230 354 12 Borrowings from F. R. bank Borrowings from other banks 60.00 All other liabilities 300 193 35 Total liabilities 7. lias this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yee If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Dividends paid from collections Total claims. Total payments Per cent of payments to claims allowed 6,604 *604 6IP 604 3'73 373 373 219,906 21,316 21,316 9.7% 226,883 28,293 28,293 12.4$ Preferred claims. . General claims. . . Payments from guaranty fund •10. Has this bank been finally liquidated? Date liquidation was completed e7 100p 100 % If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments _ Secured claims. . . Preferred claims. General claims. Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments October 15, 1930 Amount Collected $3,410.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • Farmers Bank 1. Name of bank 2. Date organized County Chesterfield Town or City 114943 Date suspended 3. Federal reserve district 5th 3/16/22 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 856 No 6. Condition figures, as of (date*) 3/31/20 Loans and discounts: $ On real estate 1 600 00 31 693 23 Other Total loans and discounts $ 33 293 23 3 413 36 Real estate acquired in satisfaction of debts Investments 27 300 00 All other resources 20 745 55 84 '752 14 Total resources Capital 7 750 00 Surplus and undivided profits 9 259 58 Deposits: $ Due to banks** 247 35 30 062 63 Demand deposits, including U. S. Govt. deposits 1 257 98 Time deposits, including postal savings Total deposits $ 31 567 96 Borrowings from F. R. bank 36 174 60 Borrowings from other banks All other liabilities 84 752 14 Total liabilities 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Secured claims Amount of loss Per cent of loss to claims $ Preferred claims General claims Total * Condition items should be as of date'of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims... . Preferred claims.. General claims . Total claims. 10. Has this bank been finally liquidated? Yea If so give: Date liquidation was completed Collections: From liquidation of assets Impossible to get accurate figures (over) From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) $ Payments to depositors: (Amounts in dollars) Claims allowed Secured Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 20t63? 3238 40 315-3/4% 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Feb. 1919. 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? Yes • If so, give dates and amounts of all assessments In 1919 President Streeter put up mortgage on his own property to secure depositors. Shortly after this Bank stopped accepting deposits and tried to liquidate for a period of two years with the doors open. This liquidation was poorly managed and finally bank closed its doors and receiver was ppointed March.16, 1922. From this Receivership Depositors-re-cerived-15-314%-of—their--el-a-ims-,---An-bille-payable- had-been___taken__cara_of before receivership. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank a Name of State State bank O Trust company Ll Stock savings bank South Carolina O Mutual savings bank 0 Private bank Bank of Clio 1. Name of bank_ 2. Date organized 1 18,19 3. Federal reserve district Town or City Date suspended 5th 4. Number of branches operated: In city of parent bank S CuD 11 11 21 Population of town or city* Member or nonmember of F. R. System None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Marlboro No 11 1 11 6. Condition figures, as of (date*) Loans and discounts: 52 211 18 On real estate 493. 162 93 Other 543 374 11 Total loans and discounts Real estate acquired in satisfaction of debts t- N ' 3 700 00 Investments 47 498 18 All other resources 594 57 Total resources 29 Capital 60 000 00 Surplus and undivided profits 61 421 90 Deposits: 6 552 84 Due to banks** Demand deposits, including U. S. Govt. deposits 167 420 42 Time deposits, including postal savings 173 973 26 Total deposits Borrowings from F. R. bank 298 965 13 Borrowings from other banks 212 00 All other liabilities 594 572 29 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . 226.024 Preferred claims.. General claims. . . . Total claims. . . . Dividends paid from collections Total payments 197IP 404 Per cent of payments to claims allowed 197.404 87.3% 42.217 42,217 20.7% 239.621 239,621 55.8% -- — 203,112 429.136 Payments from guaranty fund — 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. ... Preferred claims General claims. . . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i Dividends paid from collections _ Payments from guaranty fund Total payments . Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes — Fisheries Products If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Fall of 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? Yes http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments about 1926 Amount Collected 434,000.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State 10 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank 1. Name of bank 2. Date organized Bank of Clio 1/18/19 3. Federal reserve district T Town or City Date suspended 5th 3/25/21 Clio Population of town or city* _• 10" Member or nonmetnber of F. R. System__.N° 4. Number of branches operated: In city of parent bank_ None None Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group None * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Marlboro 6. Condition figures, as of (date*) 3/22/21 Loans and discounts: $ 134 122 25 On real estate 553 023 63 Other 687 145 88 Total loans and discounts Real estate acquired in satisfaction of debts 3 700 00 Investments 25 198 12 All other resources 716 044 00 Total resources Capital 60 000 00 Surplus and undivided profits 32 387 58 Deposits: $ Due to banks** 28 738 95 70 645 63 Demand deposits, including U. S. Govt. deposits _14? Time deposits, including postal savings 812 37 367 196 95 Total deposits Borrowings from F. R. bank 256 238 47 Borrowings from other banks 221 00 All other liabilities 716 044 00 Total liabilities 7. lias this bank been reopened? Date of reopening tee If so give: 4/23/21 Name under which reopened Bank of Clio Amount of loss Loss to depositors on: Secured claims Preferred claims Per cent of loss to claims $ ( Y I Alki\j General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to clainis Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed _ Secured claims. . Preferred claims General claims. . .. Total claims •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 1 1. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. • Primary cause 'Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yea If so, state what industry or type of agriculture Cotton (Some tobacco) What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Fell — 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following D National bank M State bank Name of State Trust company LI Stock savings bank II Mutual savings bank South Carolina 111 Private bank • 1. Name of bank Peoples Savings Bank 2. Date organized 12/11/08 3. Federal reserve district Date suspende(I12/9/30 5 Outside city of parent bank** Mr1 1).- Population of town or city* None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group Alo * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. Systen-I___/.,1.e 4. Number of branches operated: In city of parent bank • Clto Town or City 6. Condition figures, as of (date*) T. )e a 9, 1Q:i -0 Loans and discounts: On real estate 42 000 00 Other 29 107 51 71 107 51 Total loans and discounts 10 789 88 Real estate acquired in satisfaction of debts 125 00 Investments 10 801 29 All other resources 92 823 68 Total resources 25 000 00 Capital 5 893 41 Surplus and undivided profits Deposits: $ Due to banks** 368 90 32 351 80 Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 13 125 56 $ 45 846 26 Total deposits Borrowings from F. R. bank 700 00 Borrowings from other banks All other liabilities 15 384 01 Total liabilities 7. Has this bank been reopened? 92 823 68 If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Secured claims Per cent of loss to claims $ Preferred claims General claims Total _ If so give payments to date: 9. Is this bank still in process of liquidation? (A ounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . .. Preferred claims General claims. . .. Total claims. ... • 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets $ From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) $ Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No If so, give dates and amounts of all assessments FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following LI National bank Name of State [IF State bank ▪ Trust company ▪ Stock savings bank South Carolina • Mutual savings bank ri Private bank • • 1. Name of bank 2. Date organized Peoples Savings 12/11/08 3. Federal reserve district Bank Date suspended Town or City 3/22/26 5tit Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Marlboro Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank • Clio 1 009 No 3/4/26 6. Condition figures, as of (date*) Loans and discounts: $ On real estate Cannot ascertain Other 159 098 37 Total loans and discounts 0\ 1 521 72 Real estate acquired in satisfaction of debts 100 00 Investments 28 512 25 All other resources 189 232 34 Total resources 25 000 00 Capital 3 335 60 Surplus and undivided profits Deposits: $ 11 639 40 Due to banks** Demand deposits, including U. S. Govt. deposits 86 389 93 Time deposits, including postal savings 54 757 37 152 786 70 Total deposits Borrowings from F. R. bank Borrowings from other banks 6 000 00 All other liabilities 2 110 04 189 232 34 Total liabilities 7. Has this bank been reopened? Date of reopening Yee If so give: 9/7/26 Name under which reopened Loss to depositors on: Peoples Savings Bank of Clio Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed _ Secured claims. . Preferred claims. General claims Total claims If so give: • 10. Has this bank been finally liquidated? Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund , Secured claims Preferred claims General claims Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause . Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Past several years 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? If so, give dates and amounts of all assessments Stockholders put up $15,000.00 and were relieved by Court Order of any further stock liability on this amount. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following 212 O National bank Name of State 1E] State bank O Trust company O Stock savings bank O Mutual savings bank South Carolina O Private bank • 1. Name of bank 2. Date organized S. C. Trust Co. 6 23 20 3. Federal reserve district Town or City Date suspended 5th 1 1 21 Clio Population of town or city* Member or nonmember of F R System 4. Number of branches operated: In city of parent bank_ None Outside city of parent bank** None • 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Marlboro 700 No 6. Condition figures, as of (date*) - Sept. 28, 1930 Loans and discounts: On real estate Other 16 400 00 Total loans and discounts 6 000 00 Real estate acquired in satisfaction of debts \4) Investments 2 000 00 All other resources 8 976 11 33 376 11 Total resources 23 500 00 Capital Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 6 000 00 Total deposits Borrowings from F. R. bank Borrowings from other banks 3 876 11 All other liabilities 33 376 11 Total liabilities 7. has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims Figures—fin available In. Preferred claims. I. szloo- e • z • - General claims Total claims Q11/ If so give: 10. Has this bank been finally liquidated?, Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Preferred claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total payments , Secured claims General claims Payments from guaranty fund ,,.../ - . Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. ,Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following Li National bank pE State bank Name of State • Trust company LI Stock savings bank South Carolina • Mutual savings bank • Private bank • 1. Name of bank The Bank of Clover 2. Date organized 2/2/06 3. Federal reserve district Town or City Date suspended_12/16/30 Clover Population of town or city* 1608 Member or nonmember of F R. System 5 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group "Fin * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Yar k No--- Dec 16, 1930 6. Condition figures, as of (date*) Loans and discounts: $ On real estate 96 83'7 54 316 970 58 Other $ Total loans and discounts 413 808 12 Real estate acquired in satisfaction of debts 18 803 10 Investments 22 000 00 90 909 50 All other resources 545 520 72 Total resources 30 000 00 Capital 66 521 38 Surplus and undivided profits Deposits: $ Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 1 677 54 127 669 95 313 865 85 $ Total deposits 443 213 34 Borrowings from F. R. bank Borrowings from other banks 5 786 00 All other liabilities 545 520 72 Total liabilities 7. IIas this bank been reopened? Date of reopening Ys Dec 29, 1930 Name under which reopened Loss to depositors on: If so give: Bank of Clover Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: S. Has this bank been taken over by another bank Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed _ Secured claims. . . Preferred claims. General claims Total claims If so give: •10. Has this bank been finally liquidated? Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . Preferred claims... General claims Total claims. . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) 1st National Bank Failure of correspondent (Name).... .Gastonia. Failure of large debtor (Name) Other causes, (specify) Bank closed its doors to stop run following failure of 1st National Bank of Gastonia, N C Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • • or agriculture? No If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No If so, give dates and amounts of all assessmentc cL) Qh-vy.,Q6,„ Aixfks_d04.11, oiat,/ 1 4P-LvJe FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING iCY-t-CUV`-a-L4L . BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State State bank 0 Trust company O Stock savings bank O 10-vc-4, Mutual savings bank O Private bank 1. Name of bank (it-A4^-e/Rxi&NI- /2A14-, 2. Date organized kLIT911 or City S?/5//'/'-f Date suspended__6P 3. Federal reserve district J-74 a-e-tA-Aln -4?"(-) County (2A-fie-14"k Population of town or city*5 ' 0 Member or nonmember of F R. System_ 4. Number of branches operated: In city of parent bank Outside city of parent bank** • 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V11-0 • 6. Condition figures, as of (date*) /9A6 L Loans and discounts: On real estate $ / /5e; " Other ,2/ 79, 7( 4 33)/i / $ Total loans and discounts Real estate acquired in satisfaction of debts Investments S7d/ 4/3.6.- All other resources 61/1 117,5--- f Total resources Capital 96-0/ Surplus and undivided profits / ei 533 Deposits: $ Due to banks** Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 771 9,1 232,335 (=.?, $ '))/ Total deposits e7, 5-57 Borrowings from F. R. bank 73 Borrowings from other banks I e S72,1 All other liabilities 21-,3Li 7) 9, Total liabilities 7. has this bank been reopened? 2,/ If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments j Secured claims. Per cent of payments to claims allowed , '1 Preferred claims General claims )i rl './ Total claims ,- 1\ R F il , 1 1 i i l 1 1 1 r.1 ' '9 I a. i ') . 1 i \,-. 1 i } 1 )0-0-0 ) ifp Ktd 10. Ras this bank been finally liquidated? • Date liquidation was completed If so give: iii h‘ . . L '''; , '-'1 0 1 tu.A, Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. . .. Preferred claims... General claims. . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? :APiC ,49 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • oiAce-ot& FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently iSy supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State [2 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • Bank of Columbia m Town or City 1. Name of bank___________Colubia 2. Date organized 5/21/1892 3. Federal reserve district Date suspended 5th Apr. 1922 Population of town or city* Member or nonmember of F. R. System_No 4. Number of branches operated: In city of parent bank_ Nano , Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County RiohlaZ1 Dec. 29 1921 6. Condition figures, as of (date*) Loans and discounts: $ Cannot ascertain On real estate Other $ 2 778 608 47 Total loans and discounts v‘ 60 348 79 Real estate acquired in satisfaction of debts 15 714 98 Investments 438 193 70 All other resources 3 292 865 94 Total resources Capital 300 000 00 Surplus and undivided profits 203 813 18 Deposits: $ 62 038 26 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings _4511_602 00 565 248 39 $ 1 077 888 65 Total deposits Borrowings from F. R. bank 1 710 088 91 Borrowings from other banks 1 075 20 All other liabilities 3 292 865 94 Total liabilities 7. IIas this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claints Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Merchants Bank Name of bank by which taken over Date taken over Yea Irpro---1-9283, Loss to depositors on: #0 loss. Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed claims Preferred claims General claims. . . . Total claims. .. 10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. _Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? No If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State FJ State bank 0 Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of bank Columbia Savings Bank and. Truttwcloor City 2. Date organized 6 25 03 3. Federal reserve district Date suspended Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Richland. Population of town or city* 50,600 1 31 27 5th Columbia NO 6. Condition figures, as of (date*) Jan. 31, 1927 Loans and discounts: $ On real estate 233 75/ 34 67 163 50 Other 300 914 84 Total loans and discounts Real estate acquired in satisfaction of debts 38 129 70 Investments 26 800 00 276 156 43 All other resources 642 000 97 Total resources 100 000 00 Capital 29 586 17 Surplus and undivided profits Deposits: 542 60 Due to banks** Demand deposits, including U. S. Govt. deposits 169 943 95 Time deposits, including postal savings 148 817 09 319 303 64 Total deposits Borrowings from F. R. bank 58 200 00 Borrowings from other banks 134 911 16 All other liabilities 642 000 97 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed t _ Secured claims Preferred claims... General claims Total claims Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 47,448 47,448 47,448 100% 4,516 4,516 4,516 100% 295,103 221,327 221,327 75% 347,067 273,291 273,291 79.32$ 7e; 7 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims.. . General claims. . . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment,laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent(Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry No or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments July 1927 ____ARpro xi.mately $26,000•00 FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following LI National bank 1? Name of State State bank • Trust company [1] Stock savings bank South Caro1ina, [1 Mutual savings bank • Private bank • 1. Name of bank 2. Date organized Ile rchauts Bark 3422 3. Federal reserve district Date suspended 5th Town or City Columb ia, 10 17 23 Population of town or city*j_21000 Member or nonmember of F R System 4. Number of branches operated: In city of parent bank__ Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County IUch1i1 No Oct. 24, 1923 6. Condition figures, as of (date*) Loans and discounts: Figures not available On real estate Other $ Total loans and discounts 2 514 786 31 Real estate acquired in satisfaction of debts 74 482 21 Investments 28 397 00 437 796 67 All other resources 3 035 462 19 Total resources Capital 162 650 00 Surplus and undivided profits 105 812 95 Deposits: 28 717 05 Due to banks** Demand deposits, including U. S. Govt. deposits 509 710 12 Time deposits, including postal savings 245 062 89 783 490 06 Total deposits Borrowings from F. R. bank 1 931 708 18 Borrowings from other banks 51 801 00 All other liabilities 3 035 462 19 Total liabilities N6 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over If so give: Tao deposits of this Bank were guaranteed by tho Bational Loan and lIcchange Bank of Columbia who took over the assets for this guarantee. Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Dividends paid from collections 1,931,708 Secured claims. . Preferred claims. . . Total payments 580,300 580,300 Per cent of payments to claims allowed 30% None No record o General claims.. Payments from guaranty fund er than deposits guarante ad -RR above. Total claims. 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Secured claims. . . . Preferred claims , General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , , Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc This bank was organized, to take over old "Bank of Heavy withdrawals of deposits.... Columbia"!.and .was .handic ped with slow dad worthies Failure of affiliated institution (Name7. •paper • tO" *begin'with. Defalcation Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following fl National bank Name of State State bank LI Trust company LI Stock savings bank South. Carolina Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Converse Savings Bank 2 3 03 Date suspended Town or City 5 24 29 Converse County Spartanburg Population of town or city* 5th 3. Federal reserve district Member or nonmember of F R. System__ 4. Number of branches operated: In city of parent bank None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1,025 No 6. Condition figures, as of (date*) Loans and discounts: On real estate 2 755 93 129 017 63 Other 131 773 56 Total loans and discounts Real estate acquired in satisfaction of debts \(5 Investments 750 00 6 276 17 All other resources 138 799 73 Total resources 5 000 00 Capital 25 324 12 Surplus and undivided profits Deposits: 167 ZO Due to banks** Demand deposits, including U. S. Gpvt. deposits 108 308 41 Time deposits, including postal savings 108 475 61 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities 138 3/99 13 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO S. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? YeB If so give payments,to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed _ secured claims. . . . Preferred claims... General claims.... Total claims. . . . 4,769 _____— 98,956 4,769 103,725 4,769 7,916 7,916 12,685 12,685 •10. Has this bank been finally liquidated? 100% 8% 12.2% If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) • Claims allowed Secured claims Preferred claims General claims. . . . Total claims. . .. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) To bid. X Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • No — Stocks dependent on Real Estate If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments August 1929 Amount $1,100.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following Li National bank Name of State a State bank (1) Trust company El Stock savings bank LI Mutual savings bank LI Private bank South Carol Ina. • 1. Name of bank 2. Date organized Bank of Coronaco 3 30 07 Town or City Date suspended 3 17 23 Ccx'ona.co County Population of town or city* 5th Member or nonmember of F. R. System 3. Federal reserve district 4. Number of branches operated: In city of parent bank Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Gra en.wo od 200 ilo 6. Condition figures, as of (date*) Sept. 3.5, 3.922 Loans and discounts: Not available On real estate Other 43 186 22 Total loans and discounts 2 465 00 Real estate acquired in satisfaction of debts Investments 13 603 32 All other resources 59 254 54 Total resources 25 000 00 Capital 2 948 34 Surplus and undivided profits Deposits: 28 16 Due to banks** Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 3 455 66 16 493 83 19 977 65 Total deposits Borrowings from F. R. bank 11 328 55 Borrowings from other banks All other liabilities 59 254 54 Total liabilities 7. IIas this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total If so give payments to date: 9. Is this bank still in process of liquidation? (Amounts in dollars) Claims allowed Secured claims. . . Preferred claims... General claims.. Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed We can go no definite information but bills pa,yabl were paid. Ludiv id ua . - . i hd-r ds — uert if"cates o f Deposit consisted princi lly of oblig tions to "i" eries Product s Co." for the ir 4gent S. Our forma.t ion is that they received ii t tie. Total claims 10. Has this bank been finally liquidated? • Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims... General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause • Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • 1,10 — Fisheries Products Co. If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State Dr State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of bankFarmer s 8c Merchant s Bank 2. Date organized 12 28 13. Date suspended Town or City Co ttageville 1 22 24 County Col1eton. 5th 3. Federal reserve district Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ Outside city'Of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 444 Population of town or city* No 6. Condition figures, as of (date*) Jan. 16, 1924 Loans and discounts: On real estate 25 480 14 Other 60 213 12 85 693 26 Total loans and discounts Real estate acquired in satisfaction of debts cf,\0 Investments 7 810 39 All other resources 93 503 65 Total resources 15 000 00 Capital 1 782 60 Surplus and undivided profits Deposits: 190 05 Due to banks** 4 077 52 Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 43 234 39 47 501 96 Total deposits Borrowings from F. R. bank 29 219 09 Borrowings from other banks All other liabilities 93 503 65 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? IT° If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims... . Payments froth guaranty fund Total payments Per cent of payments to claims allowed 29219 , 7V 446 7,446 42,250 2,112 2,112 5% 71,469 9t558 9,558 13.4% 25` Preferred claims... General claims Total claims. . . . 10. Has this bank been finally liquidated? 6,k If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims. . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • Yes or agriculture? If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the No bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each • suspension. Type of bank reported—check appropriate one of the following O --g National bank Name of State 51 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank i0 Private bank • 1. Name of bank Farners and Merohants Bazik 2. Date organized 1 15 15 3. Federal reserve district Date suspended 5th Town or City C°walsclel 11 14 28 Population of town or city* Member or nontnetnber of F. R. System 4. Number of branches operated: In city of parent bank_ Non.e None Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Florence 90 No 6. Condition figures, as of (date*) 11A4N-t- Loans and discounts: $ On real estate 21 354 98 56 189 51 Other 77 544 49 Total loans and discounts 1.9 987 01 Real estate acquired in satisfaction of debts 2 500 00 Investments 19 232 01 All other resources 119 263 51 Total resources Capital 20 000 00 Surplus and undivided profits 14 210 73 Deposits: 301 12 Due to banks** Demand deposits, including U. S. Govt. deposits 26 542 18 Time deposits, including postal savings 5? 963 49 84 806 79 Total deposits Borrowings from F. R. bank Borrowings from other banks 245 99 All other liabilities 119 263 ei Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims... . Preferred claims General claims Total claims. . .. 4,311 4,311 4,311 100% 2,136 29136 2,136 100 % 78,359 39, 806 806 39, 50.8% 84,806 46,253 46,253 54.5% •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured Dividends paid from collections Payments from guaranty fund claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . ' Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. .Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • NO or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? NO If so, give dates and amounts of all assessments The Lynch family (President Lynch) relinquished all rights to deposits and have paid all other Depositors in AM. NO stock assessment will be made as remaining assets belong to Lynch family, the principal stockholders and the dfilyremaining depositors. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently authorities or by the bank's board of directors on account of financial difficulties. This supervisory by should not be used for merged or consolidated banks but should be used for those banks susform pended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State Et State bank 0 Trust company 0 Stock savings bank South Carolina Mutual savings bank O Private bank • Cowpens Security Beaak 2. Date organized Covrpens Town or City 1. Name of bank 3 24 25 Date suspended 5 2 29 Spartanburg County Population of town or city* 5th 3. Federal reserve district Member or nonmember of F R System None Number of branches operated: In city of parent bank_ Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1,284 NO 6. Condition figures, as of (date* Loans and discounts: 27 975 49 On real estate 133 336 67 Other 161 312 16 Total loans and discounts Real estate acquired in satisfaction of debts c 29 954 96 1 000 00 Investments 18 859 46 All other resources 211 326 58 Total resources 30 000 00 Capital 9 467 44 Surplus and undivided profits Deposits: 9 729 91 Due to banks** Demand deposits, including U. S. Govt. deposits 82 701 04 Time deposits, including postal savings 64 428 19 156 859 14 Total deposits Borrowings from F. R. bank 15 000 00 Borrowings from other banks All other liabilities 211 326 58 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections 15,000 1,433 Secured claims. . Preferred claims..._ 151,718 General claims. .. Total claims. .. Payments from guaranty fund Total payments Per cent of payments to claims allowed 1,433 9.53% 1,433 484 None 166,718 _ 1,433 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims:. . . Preferred claims General claims. . . . Total claims. . . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund — Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Mostly unsecured loans (not able to classify) If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Suit in process Amount 02,449.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over ky other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank a Name of State State bank O Trust company O Stock savings bank O Mutual savings bank South Car ol in.a. O Private bank • Bank of Cross Anchor 1. Name of bank__ 11 2 05 2. Date organized 3. Federal reserve district Date suspended 5th Town or City Cro ss Anchor 8 6 24 None 4. Number of branches operated: In city of parent bank__ None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 213 Population of town or city* Member or nonmember of F. R. System Outside city of parent bank** Spartanburg County NO 6. Condition figures, as of (date*) 21.1.1G. 2, 1924 Loans and discounts: On real estate 12 404 49 Other 56 564 38 68 968 87 Total loans and discounts \a,\ Real estate acquired in satisfaction of debts 598 47 Investments 13 064 27 All other resources 82 631 61 Total resources 25 000 00 Capital 4 224 26 Surplus and undivided profits Deposits: 6 53 Due to banks** Demand deposits, including U. S. Govt. deposits 14 469 01 Time deposits, including postal savings 20 431 81 34 907 35 Total deposits Borrowings from F. R. bank 18 500 00 Borrowings from other banks All other liabilities 82 631 61 Total liabilities 7. Has this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? No If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims. . 18,500 18,500 32,115 19,108 19,108 59,5% 50,615 37, 608 37,608 of 74/o I. 18,500 100 % Preferred claims General claims. . . . Total claims. . .. •10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 1920 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Date4927 Yes If so, give dates and amounts of all assessments Amoutt Collected $23,311.28 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following r LI National bank [13 State bank Name of State Trust company fl Stock savings bank [1:1 Mutual savings bank ID Private bank South Carolina • 1. Name of bank Bank of Cross Hill 2. Date organized 1506 3. Federal reserve district Date suspended Town or City Cross Hill 1 10 29 5th Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers'. directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 587 Member or nonmember of F. R System_ 17° 4. Number of branches operated: In city of parent bank • County Laurens 6. Condition figures, as of (date*) jan.• 9, 1949 Loans and discounts: On real estate 55 541 83 Other 39 086 41 94 628 24 Total loans and discounts 14 825 12 Real estate acquired in satisfaction of debts (N) Investments 10 591 88 All other resources 120 045 24 Total resources 50 000 00 Capital 6 105 79 Surplus and undivided profits Deposits: i718 76 Due to banks** Demand deposits, including U. S. Govt. deposits Tune deposits, including postal savings 20 160 38 30 057 31 51 936 45 Total deposits Borrowings from F. R. bank 12 000 00 Borrowings from other banks 3 00 All other liabilities 120 045 24 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tre 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Per cent of payments to claims allowed oi 100 io 12,000 12,,000 12,000 250 250 250 100% Secured claims. . .. Preferred claims... 47,250 36,855 36,855 78% 59,500 49,105 49,105 82.5% General claims. ... Total claims. ... Total payments •10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims... General claims Total claims. . . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor.(Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? since the Fall. of 1920 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? 1929-30 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Amount Collected $22,150.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following • National bank Name of State gc State bank El Trust company • Stock savings bank South Caro11.00. • Mutual savings bank • Private bank • 1. Name of bank 2. Date organized Peoples Bank 5 2 88 3. Federal reserve district Town or City Darlington Date suspended 5th 11 30 a3 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__QN lie Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Darlington 4,669 No 6. Condition figures, as of (date*) October 31, 1928 Loans and discounts: On real estate 112 272 45 Other 235 145 43 347 417 88 Total loans and discounts Real estate acquired in satisfaction of debts 128 846 52 Investments 78 613 01 All other resources 554 877 41 Total resources 100 000 00 Capital 44 790 54 Surplus and undivided profits Deposits: 5 788 39 Due to banks** Demand deposits, including U. S. Govt. deposits 139 445 90 Time deposits, including postal savings 247 332 86 392 576 15 Total deposits Borrowings from F. R. bank 17 341 22 Borrowings from other banks 178 50 All other liabilities _554 877 41 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed — 17,445 17,445 17,445 359,22,4 158t493 158,493 45% j'1 Total claims.. . . 376,669 175, 938 175,938 46.7% Total payments Per cent of payments to claims allowed Secured claims. 100% Preferred claims.. . General claims. . .. 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. . . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 11. Causes of suspension: Check in the appropriate'column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause X Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc X Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc X Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments os ng Amount Colleoted $43,221,67 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more thdn once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank • 1. Name of ban Bank of Denmark 2. Date organized 12 9 01 3. Federal reserve district Town or City Date suspended 5th 4 Z2 25 Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__ • Denmark Bamberg 1,254 NO 21, 1925 6. Condition figures, as of (date*) Loans and discounts: 78 765 38 On real estate 222 754 99 Other 301 520 37 Total loans and discounts 38 582 87 Real estate acquired in satisfaction of debts Investments 88 793 44 All other resources 428 896 68 Total resources Capital 50 000 00 Surplus and undivided profits 22 518 85 Deposits: 4F 862 10 Due to bank's** Demand deposits, including Ti. S. Govt. deposits 142 634 27 Time deposits, including postal savings 111 781 46 259 277 83 Total deposits Borrowings from F. R. bank Borrowings from other banks 42 100 00 All other liabilities 56 000 00 428 896 68 Total liabilities 7. Has this bank been reopened? 110 If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims. . . . Preferred claims 42,101 42,101 42,101 100% 450 450 450 100% 236,150 41,615 41,615 17.6% 278,701 84,166 84,166 30.2% General claims. . .. Total claims.. . . 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims. Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenGeneral Deflation sion? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Y00 If so, give dates and amounts of all assessments Nov. 1927 — Amount Collected $25,736.17 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following EJ National bank Name of State gi State bank O Trust company El Stock savings bank South Carolina • Mutual savings bank El Private bank • Citizens Exchange Bank 1. Name of bank 2. Date organized Denmark Town or City 6 19 09 3. Federal reserve district Date suspended 5th 5 4 25 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Outside city of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bamberg County 1,254 May 2, 1925 6. Condition figures, as of (date*) Loans and discounts: 72 366 71 On real estate 331 320 97 Other 403 687 68 Total loans and discounts 3 600 37 Real estate acquired in satisfaction of debts Investments 32 000 00 All other resources 35 248 82 474 536 87 Total resources Capital 50 000 00 Surplus and undivided profits 65 259 98 Deposits: 1 252 12 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 73 052 57 107 461 88 181 766 57 Total deposits Borrowings from F. R. bank 177 378 17 Borrowings from other banks 131 15 All other liabilities 474 536 87 Total liabilities 7. IIas this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis liO 8. Has this bank been taken over by another bank' If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? Yes If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . 177,378 Payments from guaranty fund Total payments Per cent of payments to claims allowed (None bat bills payable and banks holdizz collateral tizmselves — :7e hav—e—no re rd) Preferred claims. . General claims. . . . 172,290 13,743 13,743 Total claims. . . . If so give: 10. Has this bank been finally liquidated' Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims. . . . Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Jaraiary 1925 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments Yes 1927 /mount c)22,593.O1 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1,.1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank [2c State bank O Trust company O Stock savings bank O Mutual savings bank O Private bank Voluntary Liquidation Farmers Bank of Denver 1. Name of bank_ 2. Date organized 9 19 19 Town or City Date suspended 7 25 23 Denver County Population of town or city* 5th 3. Federal reserve district Member or nonmember of F R System 4. Number of branches operated: In city of parent bank__ • Outside city Of parent bank** None None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Anderson 100 No 6. Condition figures, as of (date*) 0121y 25, 1923 Loans and discounts: Not available On real estate Other 20 848 84 Total loans and discounts Real estate acquired in satisfaction of debts , Investments 5 178 98 All other resources 26 027 82 Total resources 14 625 00 Capital Surplus and undivided profits Deposits: 1 82 Due to banks** Demand deposits, including U. S. Govt. deposits 6 947 80 Time deposits, including postal savings 6 949 62 Total deposits Borrowings from F. R. bank 4 453 20 Borrowings from other banks All other liabilities 26 027 82 Total liabilities 7. Ilas this bank been reopened? If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . . . . Preferred claims . General claims. . Total claims. . . 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: —glie—PrerriTerti --of Beni.agreed_ _to --pay--delosijts7ii take-over-Eugetn-- Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections No accurat:; informat ion Der°s i INZAB 0 II .• Payments from guaranty fund II; ; ' ; II • Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) No need of bank Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO If so, give dates and amounts of all assessments • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O F4'•-1 _l_ if kr National bank Name of State Dt State bank O Trust company O Stock savings bank O South Caro1 ina Mutual savings bank O Private bank 1. Name of bank 2. Date organized Bank of Dillon 2 33 98 3. Federal reserve district Date suspended 5th Town or City Dillon - 11 8 28 Population of town or city* Member or nonmember of F. R. System__ None 4. Number of branches operated: In city of parent bank__ None Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Dillon 2,O5 No 11 8 28 6. Condition figures, as of (date*) Loans and discounts: On real estate 258 792 91 Other 595 620 16 854 413 07 Total loans and discounts Real estate acquired in satisfaction of debts Investments 150 961 05 All other resources 188 200 79 1 193 574 91 Total resources 75 000 00 Capital 137 176 55 Surplus and undivided profits Deposits: 4 470 87 Due to banks** Demand deposits, including U. S. Govt. deposits 524 641 17 Time deposits, including postal savings 360 645 79 889 757 83 Total deposits Borrowings from F. R. bank Borrowings from other banks 65 734 54 All other liabilities 25 905 99 1 193 574 91 Total liabilities 7. I-Ias this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1To 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed _ 223,819 79,275 79s 275 a 35•41/0 970 72 , 71,560 71,560 98.06% General claims.... 756765 • None Total claims. . . . 1 053 555 150,835 14.3% Secured claims Preferred claims 150,835 10. Has this bank been finally liquidated? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation X Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry • or agriculture? No — ri\vo If so, state what industry or type of agriculture Cotton and Tobacco What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Few months prior bank merged with too other banks, slow aid doubtful paper to large. 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis If so, give dates and amounts of all assessments fes In Court Noti_ing collectdd • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following - LI National bank a Name of State State bank LI Trust company LI Stock savings bank LI Mutual savings bank 0 South Carolina Private bank • 1. Name of bank Bank of Donalds 2. Date organized 10 1 03 3. Federal reserve district Date suspended 5th Town or City 11 4 25 Donalds Population of town or city* Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank_ none Bone • Outside city of parent bank** 5. Was this bank a member of a chain or group? If so give the name of the chain or group * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County ;i1)bovi11 a 310 6. Condition figures, as of (date*) 11 3 25 Loans and discounts: 16 432 89 On real estate Other 153 018 54 Total loans and discounts 169 451 43 2 400 00 Real estate acquired in satisfaction of debts investments 20 220 47 All other resources 192 071 90 Total resources Capital 25 000 00 Surplus and undivided profits 1Z 341 10 Deposits: 5 715 90 Due to banks** Demand deposits, including U. S. Govt. deposits 64 753 65 Time deposits, including postal savings 51 622 85 122 092 40 Total deposits Borrowings from F. R. bank 31 000 00 Borrowings from other banks 1 638 40 All other liabilities 192 071 90 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? 170 If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed _ Secured claims. . . 31,000 . 31,000 31,000 100% Preferred claims. General claims Total claims. . .. 102,779 35,383 35ir 383 3444% 133,779 , 66383 66*383 48.9% 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured Dividends paid from collections claims Preferred claims. General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis , Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture (- totton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall of 1924 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Jan. 9, 1928 - Amount Collected. ii i` 11,445.00 • FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O National bank Name of State 12 State bank O Trust company O Stock savings bank O South Carolina Mutual savings bank O Private bank 1. Name of bank 2. Date organized Bank of Due West 9 28 1900 3. Federal reserve district Town or City Date suspended 10 19 25 5th Population of town or city* None Outside city of parent bank** /Tone 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F. R. System_ 4. Number of branches operated: In city of parent bank • Due West Abbeville 702 140 3/2/25 6. Condition figures, as of (date*) Loans and discounts: 85 258 80 On real estate 224 800 77 Other 310 059 57 Total loans and discounts Real estate acquired in satisfaction of debts 11 872 33 Investments 109 068 57 All other resources 431 000 47 Total resources Capital 20 000 00 Surplus and undivided profits 33 560 41 Deposits: 4 094 94 Due to banks** 125 830 15 Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 0 239 544 97 369 470 06 Total deposits Borrowings from F. R. bank 7 970 00 Borrowings from other banks All other liabilities 431 000 47 Total liabilities 7. has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . . Preferred claims.. General claims.. Total claims. . .. Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 10,000 10,000 10,000 100% 2,883 2,883 2,883 100% 258,550 164,809 184,809 71% Vii,/ -- 271,433 197,672 197*692 73 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims... General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values • Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent(Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspenSpring and Summer 1925 sion ? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments Jan. 2, 1926 Amount Collected 49,300.00 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following C,:10/1 El National bank Name of State [3 State bank 111 Trust company Stock savings bank South Carolina Mutual savings bank El Private bank • 1. Name of ban Far mers & L:ercharits 2. Date organized 8 27 19 3. Federal reserve district Date suspended Town or City 10 15 26 5th Due ',lest Population of town or city* Member or nonmember of F. R. System_ None 4. Number of branches operated: In city of parent bank Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Abbeville • 702 6. Condition figures, as of (date*) October 13 Zant 1926 Loans and discounts: On real estate 21 852 71 Other 34 902 64 56 755 35 Total loans and discounts 14 250 00 Real estate acquired in satisfaction of debts 5 000 00 Investments 24 363 39 All other resources 100 368 74 Total resources 25 000 00 Capital 4 464,36 Surplus and undivided profits Deposits: 1 304 15 Due to banks** Demand deposits, including U. S. Govt. deposits 16 551 92 Time deposits, including postal savings 30 043 31 47 904 38 Total deposits Borrowings from F. R. bank 23 000 00 Borrowings from other banks All other liabilities 100 368 74 Total liabilities 7. IIas this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstaending. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 8. Has this bank been taken over by another bank? 17Q If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Total payments Per cent of payments to claims allowed Secured claims.. Preferred claims.. General claims.. . Total claims... 10. Has this bank been finally liquidated? Yes If so give: 1929 Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims.. Preferred claims. . . General claims. . .. Total claims.... http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund 23,000 100% ?..39000 23,000 1,612 1,612 43,480 23,509 23,509 54.7% 68,092 48,121 48,121 70.7% . 1,612 100 6)/ 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Series of boll wevil years. 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 88 If so, give dates and amounts of all assessments 1926-27 Amount Collected $15,300.00 FEDERAL RESERVE COMMITTEE ON BRANCH. GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently by supervisory authorities or by the bank's board of directors on account of financial difficulties. This form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following O CI SI <0_) National bank Name of State [11 State bank O Trust company O Stock savings bank O south Carolina Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Farmers & Merchants Bank 5 4 18 3. Federal reserve district Date suspended 5th Town or City 11 12 21 Barnwell Population of town or city* None Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group No * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Member or nonmember of F R. System______ No 4. Number of branches operated: In city of parent bank__ • Dunbarton ( . 6. Condition figures, as of (date*) 11 12 21 Loans and discounts: Figures not available On real estate Other Total loans and discounts 2 200 00 Real estate acquired in satisfaction of debts \.() Investments 225 00 18 528 88 All other resources 86 336 10 Total resources 16 700 00 Capital 9 821 67 Surplus and undivided profits Deposits: 5 287 80 Due to bank** Demand deposits, including U. S. Govt. deposits 12 180.16 Time deposits, including postal savings 20 046 47 37 514 43 Total deposits Borrowings from F. R. bank 21 500 00 Borrowings from other banks 800 00 All other liabilities 86 336 10 Total liabilities 7. Has this bank been reopened? NO If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total Yes q. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . Payments from guaranty fund Total payments Per cent of payments to claims allowed 2:1.,500 18,642 18,642 86.7% 32,945 15,197 15,197 46%, 54,445 33 ,839 33,839 62% Preferred claims.. . General claims. . . . Total claims. ... 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) • Claims allowed Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? • Yes If so, state what industry or type of agriculture Cotton What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments May 1922 Amount Collected. $10,050400 • FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CHAIN BANKING BANK SUSPENSIONS SINCE JANUARY 1, 1921 Report on a separate schedule each bank closed to the public either temporarily or permanently authorities or by the bank's board of directors on account of financial difficulties. This supervisory by form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other institutions. In case a bank has suspended more than once a schedule should be made out for each suspension. Type of bank reported—check appropriate one of the following o National bank Name of State at State bank • Trust company o Stock savings bank El Mutual savings bank Ion th Carolina O Private bank • Bank of Duncan 1. Name of bank__ 2. Date organized 9 18 09 3. Federal reserve district Town or City Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank_ Lione Outside city of parent bank** None 5. Was this bank a member of a chain or group? If so give the name of the chain or group . NO * Latest census figures or estimate as shown in bankers' directory. ** Attach a list giving the name and location of each outside branch at time of suspension. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis County Spartanburg Population of town or city* Date suspended 12 15 24 5th ilnican. 115 No 3O. 16 6. Condition figures, as of (date*) 1924 Loans and discounts: On real estate 11 280 15 219 706 22 Other 230 986 37 Total loans and discounts ()\ 0(\ 147 600 00 Real estate acquired in satisfaction of debts Investments 40 369 35 All other resources 418 955 72 Total resources Capital 15 000 00 Surplus and undivided profits 21 234 29 Deposits: 33 635 40 Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 306 781 03 27 116 00 367 532 43 Total deposits Borrowings from F. R. bank 15 000 00 Borrowings from other banks 189 00 All other liabilities 418 955 72 Total liabilities 7. Has this bank been reopened? No If so give: Date of reopening Name under which reopened Loss to depositors on: Amount of loss Per cent of loss to claims Secured claims Preferred claims General claims Total * Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension. ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8. Has this bank been taken over by another bank? NO If so give: Name of bank by which taken over Date taken over Loss to depositors on: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Dividends paid from collections Claims allowed Secured claims. . . . Payments from guaranty fund Total payments Per cent of payments to claims allowed 13,521 13,521 13,521 100% 309 309 309 100% Preferred claims.. . No way to establish amount of these claims. There is such confu_slo between the County records ani those of the Bank. Th se are all in . Total claims. . . . • .. - -.....=. a Me Ise es it Deposits n1 CertilIcates of nApmatt0—ascaluer_sauz_a1o3rn ell ni11 i ra34-,,,.-,1 1 v, 1,,-.. ".............3 6r,c nnn 41.090.11, ,W11 General claims. . 10. Has this bank been finally liquidated? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claims (loans paid, etc.) Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed • Secured claims Preferred claims General claims Total claims http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Contributing cause Decline in real estate values Losses dile to unforeseen agricultural or industrial disasters such as floods, drouth, boll weevil, etc Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits Failure of affiliated institution (Name) Failure of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry or agriculture? If so, state what industry or type of agriculture What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yes If so, give dates and amounts of all assessments 1926 ---- Amount Collected 43,100400 • http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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