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Federal Reserve Bank of St. Louis
421.11-6 - Bank Suspensions Since jan 1 1921
Nonmember State Banks South Carolina M-Z
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
0 National bank
Name of State
[71 State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
1. Name of bank Ballk of Ilanning
2. Date organized
10 11 89
3. Federal reserve district
Date suspended
Manning
Town or City
11 30 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
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.
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Federal Reserve Bank of St. Louis
County2aatendon_
2,022
6. Condition figures, as of (date*)
NOv. 30, 1926
Loans and discounts:
On real estate
170 666 04
Other
225 143 81.
395 809 85
Total loans and discounts
7 367 53
Real estate acquired in satisfaction of debts
„
Investments
31 900 00
All other resources
4.1. 019 33
476 096 71
Total resources
Capital
40 000 00
Surplus and undivided profits
90 403 46
Deposits:
1 078 57
Due to banks**
Demand deposits, including U. S. Govt. deposits
132 507 91
Time deposits, including postal savings
111 903 28
245 489 76
Total deposits
Borrowings from F. R. bank
100 203 49
Borrowings from other banks
All other liabilities
476 096 71
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.
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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:
Yes
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
100,203
30,
000
Secured claims. . . .
30%
None
Preferred claims
iS
30,000
General claims. . . .
245,489
Total claims. ...
345,692
NO23.e
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
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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 — Two
3box
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?
General conditions for several years
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
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Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
Jan. 1927
Amount Collected $18,765.36
•
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
9 National bank
Name of State
• State bank
O Trust company
O Stock savings bank
El
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank H°14e Bank and Trust Co.
2. Date organized
1/301
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City
Manning
11/26/26 Population of town or city*
;022
Member 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
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.
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Federal Reserve Bank of St. Louis
County__ClarendOn
6. Condition figures, as of (date*)
November 26, 1926
Loans and discounts:
On real estate
72 460 76
Other
98 172 80
170 633 56
Total loans and discounts
33 861 41
Real estate acquired in satisfaction of debts
\
Investments
14 700 00
94 437 78
All other resources
313 632 75
Total resources
Capital
25 000 00
Surplus and undivided profits
22 475 26
Deposits:
Due to bankS'**
220 42
Demand deposits, including Ti. S. Govt. deposits
Time deposits, including postal savings
118 316 90
30 437 31
148 974 63
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
57 000 00
All other liabilities
60 182 86
313 632 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
/To
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:
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. . .
126,000
Dividends paid from
collections
—
Payments from
guaranty fund
Total payments
86,000
860000
6,400
69400
92,400
92,400
Per cent of payments
to claims allowed
68 %
Preferred claims.
General claims. ..
Total claims. ..
1110
137,630
263,630
10. Has this bank been finally liquidated?
,
4.6% iii 6
35%
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
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)
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
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 suspension?
Preceding months
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
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Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
192?
Amount 442,000.00
•
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
77
O National bank
Name of State
[3 State bank
O Trust company
O Stock savings bank
South Carolina
O Mutual savings bank
O Private bank
•
Marion
1. Name of bank
Planters Bank
Town or City
2. Date organized
8 21. 11
11 24 24 Population of town or city*AL000
3. Federal reserve district
Date suspended
5th
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.
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Federal Reserve Bank of St. Louis
County
Marion
NO
6. Condition figures, as of (date*)
Nov. 22, 1924
Loans and discounts:
78 898 16
On real estate
401 888 05
Other
480 786 21
Total loans and discounts
10 533 48
Real estate acquired in satisfaction of debts
\-\
Investments
1 225 00
69 724 67
All other resources
562 269 36
Total resources
Capital
40 000 00
Surplus and undivided profits
30 929 02
Deposits:
6 027 28
Due to banks**
Demand deposits, including U. S. Govt. deposits
222 385 26
Time deposits, including postal savings
159 773 65
$
Total deposits
388 186 19
Borrowings from F. R. bank
Borrowings from other banks
76 303 13
All other liabilities
26 851 02
562 269 36
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.
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Federal Reserve Bank of St. Louis
SP
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
9. Is this bank still in process of liquidation?
If so give payments to date:
Yes
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
103,114-
Secured claims. .
Total payments
103,114
103,114
382,622
53,567
515,567
te-A5736
T— g
156,681
Preferred claims..
Per cent of payments
to claims allowed
100%
—
General claims. . .
Total claims.. .
Payments from
guaranty fund
10. Has this bank been finally liquidated?
156,
681
_
14%
32.2%
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. . . .
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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
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 — 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 suspension?
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
3 4 25
Amount Collected $20,089.00
III
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
a
Name of State
State bank
D Trust company
LI Stock savings bank
D
South Carolina
Mutual savings bank
LI Private bank
•
1. Name of bank
2. Date organized
Merchant s ani Plante rs
2719
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City Maye svi
e
Surator
2 18 24 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
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.
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Federal Reserve Bank of St. Louis
County
839
NO
May 14, 1924
6. Condition figures, as of (date*)
Loans and discounts:
9 791 49
On real estate
26 978 39
Other
36 769 88
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
c5(\
4 972 99
All other resources
41 742 87
Total resources
10 000 00
Capital
3 186 24
Surplus and undivided profits
Deposits:
33 90
Due to banks**
Demand deposits, including U. S. Govt. deposits
24 550 82
727 51
Time deposits, including postal savings
25 312 23
Total deposits
Borrowings from F. R. bank
3 244 40
Borrowings from other banks
All other liabilities
41 742 87
Total liabilities
7. Has this bank been reopened?
No
_
If so give:
Ope rated under Court Order for about two years
and closed, by suit of depositors.
Name under which reopened
Date of reopening
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.
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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
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
39244
---
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
39244
39244
3,295
3,295
19.6%
19,990
6 539
Total claims....a
6.539
32./._%
Secured claims. . . .
100%
Preferred claims..
General claims. . .
169 746 —
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
July 1928
Amount Collected
42,5237.62
•
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
Or-
National bank
Name of State
DI State bank
0 Trust company
O Stock savings bank
south Carolina
.Alutual savings bank
O Private bank
•
1. Name of bank
2. Date organized
Bank of MoClellanvillo
8 8 10
3. Federal reserve district
5th
Date suspended
Town or City MoClel
4 15 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
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.
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Federal Reserve Bank of St. Louis
ounty Charle stOn
980
6. Condition figures, as of (date*)
Apr. 1.5, 1925
Loans and discounts:
On real estate
13 477 01
Other
18 055 74
31 532 75
Total loans and discounts
Real estate acquired in satisfaction of debts
,
Investments
5 661 31
All other resources
37 194 06
Total resources
15 000 00
Capital
5 069 39
Surplus and undivided profits
Deposits:
52 80
Due to banks**
Demand deposits, including U. S. Govt. deposits
7 145 87
Time deposits, including postal savings
6 391 50
13 590 17
Total deposits
Borrowings from F. R. bank
3 000 00
Borrowings from other banks
534 50
All other liabilities
37 194 06
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.
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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. . .
3,000
3,000
3
,
000
100%
Preferred claims
General claims. . .
Total claims. . .
10.
8,973
None
11,973
3•000
Has this bank been finally liquidated?
None
None
3,000
25%
Total payments
Per cent of payments
to claims allowed
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 suspenFall 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
No
If so, give dates and amounts of all assessments
fe
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
`-'07
[7] National bank
Name of State
Et State bank
Trust company
LI Stock savings bank
II] Mutual savings bank
South Carolina
[j] Private bank
Consolidated Bank of McColl
1. Name of bank__
2. Date organized
2 19 26
3. Federal reserve district
Date suspended
5th
Town or City MCColl
1 20 30
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 Marlboro
2,129
No
6. Condition figures, as of (date*)
August 19, 1929
Loans and discounts:
Figures not available
On real estate
Other
$
Total loans and discounts
242 441 04
\\ 47 300 00
Real estate acquired in satisfaction of debts
2 027 00
Investments
33 157 10
All other resources
324 925 14
Total resources
75 000 00
Capital
8 540 49
Surplus and undivided profits
Deposits:
201 28
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
129 126 08
95 737 41
225 064 77
Total deposits
Borrowings from F. R. bank
15 673 53
Borrowings from other banks
646 35
All other liabilities
324 925 14
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)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . . .
15,673
673
673
4%
Preferred claims.. .
General claims..
Total claims.. ..
194,027
None
209,700
673
10. Has this bank been finally liquidated?
.003
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
Total payments
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
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?
Three or four years
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
1930 — Amount,Collected $121000.00
•
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
[11
O
O
O
Trust company
Stock savings bank
South
Mutual savings bank
Carolina
Private bank
•
1. Name of bank_ Consolidated Bank of Meal,Town or City
Date suspendecL_IM27
2. Date organized_ 2/19/26
3. Federal reserve district
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
County Marlboro
Member or nonmember of F R. System
4. Number of branches operated: In city of parent bank
•
MoCOU
2,129
No
6. Condition figures, as of (date*)
jan. 5, 1927
Loans and discounts:
$
On real estate
Cannot ascertain
Other
$
Total loans and discounts
369 718 05
6 000 00
Real estate acquired in satisfaction of debts
Investments
21 826 13
All other resources
21 403 10
418 947 28
Total resources
Capital
75 000 00
Surplus and undivided profits
11 435 35
Deposits:
$
Due to banks**
5 391 06
Demand deposits, including U. S. Govt. deposits
106 264 75
Time deposits, including postal savings
116 674,02
228 329 83
Total deposits
Borrowings from F. R. bank
103 500 00
Borrowings from other banks
682 10
All other liabilities
418 947 28
Total liabilities
7. Has this bank been reopened? Yds
Date of reopening
If so give:
1/31/27
Name under which reopened
Loss to depositors on:
Consolidated Bank of McColl
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
A)
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
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?
(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
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
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?
Yee
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
at
State bank
Name of State
O Trust company
LI Stock savings bank
El
South Carolina
Mutual savings bank
El Private bank
•
1. Name of bank
2. Date organized
Bank of McCormick
9 30 PA
Date suspended
.McCarmidk
Town or City
2 20 24
County
Population of town or city* 1,284
5th
3. Federal reserve district
.
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
-One-
Outside city of parent bank**
One — Williiigton, S. C.
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
McCormick
no
6. Condition figures, as of (date*)
Fob. 19, 1924
Loans and discounts:
72 669 68
On real estate
262 711 13
Other
335 379 83.
Total loans and discounts
2 066 96
Real estate acquired in satisfaction of debts
Investments
15 007 45
All other resources
352 454 22
Total resources
68 000 00
Capital
46 289 40
Surplus and undivided profits
Deposits:
3. 182 32
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
33 286 56
45 809 14
80 277 82
Total deposits
Borrowings from F. R. bank
157 887 00
Borrowings from other banks
All other liabilities
352 454 22
Total liabilities
7. IIas this bank been reopened?
No
Ifso 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
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
10. Has this bank been finally liquidated?
•
Date liquidation was completed
NO
If so give:
Collections:
Banks holding collateral assets
attempted to collect their holdings and
no accurate figures can be given. Best
information we rectiived is that they
collected 60%
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
Dividends paid from
collections
157,887
94,732
79,43.0
ilone
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
94,732
60%
Preferred claims
General claims. . . .
Total claims. . . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
237,297
Records were poorly and
inadequately kept.
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
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?
1920 (From the beginning)
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
Some of stockholders paid in $9,500.00 after closing but so far as we can
lealUn no assessment was ever levied against all stockholders.
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
supervisory
authorities or by the bank's board of directors on account of financial difficulties. This
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
• National bank
Name of State
121 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
12 26 06
3. Federal reserve district
Town or City McCormick
Date suspended
5t2
6 11 30
Population of town or city*
NIember 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 McCormick
1,284
No
June 10, 1930
6. Condition figures, as of (date*)
Loans and discounts:
62 703 66
On real estate
153 547 36
Other
Total loans and discounts
216 251 02
Real estate acquired in satisfaction of debts
31 788 58
Investments
30 667 80
All other resources
27 948 12
306 655 52
Total resources
$40 000 oo
Capital
22 086 75
Surplus and undivided profits
Deposits:
1 881 47
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
119 732 36
82 886 26
204 500 09
Total deposits
Borrowings from F. R. bank
40 000 00
Borrowings from other banks
68 68
All other liabilities
306 655 52
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
General claims. ...
Total claims.. ..
Total payments
64,519
40,411
40,411
5,565
565
,
5
5,565
Secured claims
Preferred claims
Payments from
guaranty fund
190,731
None
260,815
45It976
•
10. Has this bank been finally liquidated?
Date liquidation was completed
45,976,
Per cent of payments
to claims allowed
62.6%
100%
17.6%
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
Ootton
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Past two or three years
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
Assessment just levied but none 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
o
National bank
Name of State
NI State bank
El Trust company
LI Stock savings bank
South Caro'Ina
[] Mutual savings bank
▪ Private bank
1. Name of bank
2. Date organized
Bank of llonetta
2 1 18
Town or City
Date suspended
11 9 26
Mone tta
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
137
Population of town or city*
5th
3. Federal reserve district
Saluda
County
No
6. Condition figures, as of (date*)
Nov. 6, 1926
Loans and discounts:
7 247 89
On real estate
40 612 15
Other
47 860 04
Total loans and discounts
Real estate acquired in satisfaction of debts
\\()\
Investments
500 00
27403 78
All other resources
75 763 82
Total resources
20 000 00
Capital
9 022 81
Surplus and undivided profits
Deposits:
151 27
Due to banks**
Demand deposits, including U. S. Govt. deposits
16 315 15
Time deposits, including postal savings
15 200 82
31 667 24
Total deposits
Borrowings from F. R. bank
15 000 00
Borrowings from other banks
73 77
All other liabilities
75.763 82
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
41,
S. 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. . . .
15,000
Payments from
guaranty fund
15,000
Total payments
15,000
Per cent of payments
to claims allowed
100%
Preferred claims.. . Small depositors paid in .atthip other depositors were 1., ,:.
assets of
e bank (figur=s not available)
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
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?
111
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 1926
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
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
[If State bank
Name of State
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of baffle__
2. Date organized
Bank of Monetta
Town or City
2/1/18
3. Federal reserve district
Date suspended
5th
2/18/26
137
Member or nonmember of F. R. System No
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
Population of town or city*
None
4. Number of branches operated: In city of parent bank__
S
Aiken
Monetta
12/14/25
6. Condition figures, as of (date*)
Loans and discounts:
$
On real estate
8 214 59
46 418 63
Other
54 633 22
Total loans and discounts
(
Real estate acquired in satisfaction of debts
40 95
Investments
22 852 26
All other resources
77 526 43
Total resources
20 000 00
Capital
7 694 57
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
532 95
22 765 31
9 823 60
33 031 86
Total deposits
Borrowings from F. R. bank
16 800 00
Borrowings from other banks
All other liabilities
77 526 43
Total liabilities
7. Has this bank been reopened?
Date of reopening
Yee
If so give:
5/8/26
Name under which reopened
Loss to depositors on:
Bank of Monetta
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.
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
140
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 disa sters 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
If so, give dates and amounts of all assessments
S.
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
12 State bank
Trust company
El Stock savings bank
El
Mutual savings bank
1=1 Private bank
1. Name of bank
LI6Carme1 Bank
2. Date organized 3 21 06
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City
5 17 23
Mt. Carmel
triw
-----(
-
No
Both included in these figures
One — at Calhoun Falls, S.
S.
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
300
Population of town or city*
Member or nonmember of F. R. System._
Outside city of parent bank**
McCormick
County
C.
6. Condition figures, as of (date*)
March. 27, 1923
Loans and discounts:
3 531 00
On real estate
25 948 95
Other
29 479 95
Total loans and discounts
Real estate acquired in satisfaction of debts
Trymt
,
n,exicx
15 943 68
Al1 other Resources
Atintshernrozeocax
45 423 63
Total resources
10 000 00
Capital
2 572 2/0
Surplus and undivided profits
Deposits:
3 127 39
Due to banks**
Demand deposits, including U. S. Govt. deposits
21 867 80
856 24
Tune deposits, including postal savings
25 851 43
Total deposits
Borrowings from F. R. bank
7 000 00
Borrowings from other banks
All other liabilities
45 423 63
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
No
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
Total payments
Per cent of payments
to claims allowed
_
Secured claims
7,000
71/000
7,000
100%
23,325
699
699
3%
30,325
7,699
7,699
Preferred claims...
General claims. ...
Total claims
10. Has this bank been finally liquidated?
25.3%
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
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
gc State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
Bank of Mountville
1. Name of bank__
2. Date organized
2 1 12
3. Federal reserve district
Date suspended
Town or City MOUntv i.1.
11 8 24
5th
Population of town or city*
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
220
Member or nonmember of F. R. Systern____110._
4. Number of branches operated: In city of parent bank
•
County Laurens
Nov. 7, 1924
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
3.4 468 50
Other
74 39,5 66
88 794 16
Total loans and discounts
Real estate acquired in satisfaction of debts
(e\
Investments
17 262 40
All other resources
106 056 56
Total resources
20 250 00
Capital
11 880 35
Surplus and undivided profits
Deposits:
$
Due to banks**
1 710 51
Demand deposits, including U. S. Govt. deposits
36 514 39
Time deposits, including postal savings
16 701 31
54 926 21
Total deposits
Borrowings from F. R. bank
19 000 00
Borrowings from other banks
All other liabilities
106 056 56
Total liabilities
7. I-las 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)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
100%
—
Secured claims. ..
19,000
19,000
19,000
53,920
21,727
21,727
40
.
2
% /,',.
72,920
40,727
40,727
55.8%
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
Dividends paid from
collections
Payments from
guaranty fund
Total payments
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
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
Yes
1925
.Aznoimt $16,
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
at
State bank
Name of State
▪ Trust company
O Stock savings bank
0 Mutual savings bank
South Carolina
O Private bank
•
Bank of Nooses
1. Name of bank__
2. Date organized
6 28 10
3. Federal reserve district
Town or City
Date suspended
5th
93024
Neeses
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 Orangeburg
289
No
6. Condition figures, as of (date*)
30.-pt. 30, 1924
Loans and discounts:
3 433 06
On real estate
70 089 48
Other
Total loans and discounts
73-522 54
$
Real estate acquired in satisfaction of debts
225 00
Investments
14 842 03
All other resources
88 589 57
Total resources
10 000 00
Capital
1 941 72
Surplus and undivided profits
Deposits:
2' 112 05
Due to banks**
Demand deposits, including U. S. Govt. deposits
46 996 31
230 32
Tune deposits, including postal savings
49 338 68
Total deposits
Borrowings from F. R. bank
27 251 36
Borrowings from other banks
57 81
All other liabilities
88 587 57
Total liabilities
7. H
Has this bank been reopened?
1;0
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
ITO
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
Secured claims. ..
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
65%
27,251
17,722
17,722
44,560
9,411
9,411
21.1%
71,811
27 IP 133
27,133
37•8%
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)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
9
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
1925
Amount Collected
42,539.00
•
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
1_35
• National bank
Name of State
E; 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
Brookland Bank
11 10 10
3. Federal reserve district
Town or City
Date suspended
5th
1 12 27
New Brookland
Population of town or city*
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
2,540
Member or nonmember of F R System_ N°
4. Number of branches operated: In city of parent bank_ None
4110
County Lexington
Dec. 31, 1926
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
81 429 66
Other
78 585 09
160 014 75
Total loans and discounts
Real estate acquired in satisfaction of debts
22 518 43
Investments
14 241 25
All other resources
20 399 73
217 174 16
Total resources
60 000 00
Capital
4 000 00
Surplus and undivided profits
Deposits:
112 78
Due to banks**
Demand deposits, including U. S. Govt. deposits
57 995 05
Time deposits, including postal savings
66 045 88
124 153 71
Total deposits
Borrowings from F. R. bank
29 012 45
Borrowings from other banks
8 00
All other liabilities
217 174 16
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
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
58,225
Payments from
guaranty fund
Total payments
41,859
41,859
Per cent of payments
to claims allowed
71,8%
Preferred claims..
None
General claims....
98 100
800
---9-II—
9,800
10%
Total claims....
156,325
51,659
51,659
33%
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
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?
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
1928
Amount Collected $16,578.00
•
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
g
State bank
Name of State
Trust company
O Stock savings bank
South Carolina
Mutual savings bank
LI Private bank
•
1. Name of bank
2. Date organized
Bank of Ninety-Six
8 22 06
3. Federal reserve district
Date suspended
Town or City
10.12 26
5th
Nine V.-Six
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
Greenwood
773
iO
6. Condition figures, as of (date*)
10 12 26
Loans and discounts:
On real estate
140 822 14
Other
291 435 18
432 257 32
Total loans and discounts
Real estate acquired in satisfaction of debts
32 1.57 95
Investments
37 200 00
76 797 15
All other resources
578 412 42
Total resources
37 500 00
Capital
10 381. 16
Surplus and undivided profits
Deposits:
4 167 87
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
145 039 04
175 174 38
$
Total deposits
324 381 29
Borrowings from F. R. bank
189 594 74
Borrowings from other banks
16 555 23
All other liabilities
578 412 42
Total liabilities
7. H
Has this bank been reopened?
Lc)
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
IT0
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
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....
Total claims. ...
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
169,594
068
,
172
172,068
90.7%
18,293
1,408
1,408
7.7%
332,298
4,925
4,925
1.4 1
540,186
178,401
178,401
10. Has this bank been finally liquidated?
Date liquidation was completed
33.%
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
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
1_99
National bank
Name of State
• State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
Town or City Ninety—Six
1. Name of bank__ Cambridge Bank
2. Date organized
11 21 1900
3. Federal reserve district
Date suspended
4 21 30
5th
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**
•
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
Greenwood.
773
ilo
.".pr. 19, 1930
6. Condition figures, as of (date*)
Loans and discounts:
85 198 09
On real estate
150 159 09
Other
235 357 18
Total loans and discounts
14 626 14
Real estate acquired in satisfaction of debts
25 300 09
Investments
24 568 77
All other resources
299 852 18
Total resources
Capital
50 000 00
Surplus and undivided profits
41 466 02
Deposits:
Due to banks**
18 023 48
Demand deposits, including U. S. Govt. deposits
80 951 00
Time deposits, including postal savings
79 411 68
178 386 16
Total deposits
Borrowings from F. R. bank
30 000.00
Borrowings from other banks
All other liabilities
299 852 18
Total liabilities
7. Has this bank been reopened?
N0
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
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
_
30,000
6,174
6174
Secured claims. . .
20.6%
Preferred claims..
167,695
iione
197,695
69174
General claims. ...
Total claims
•10. Has this bank been finally liquidated?
Date liquidation was completed
6,174
3.1 %
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
•
Yes
or agriculture?
If so, state what industry or type of agriculture
Got ton
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Several years prior.
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
hot as yet
•
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
EF State bank
0 Trust company
ill Stock savings bank
El
Mutual savings bank
South
Carolina
El Private bank
1. Name of bank
2. Date organized
Bank of North
9 16 04
3. Federal reserve district
North
Town or City
Date suspended
69 25
Population of town or city*
5th
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
Orangeburg
700
NO
May 9, 1926
6. Condition figures, as of (date*)
Loans and discounts:
20 801 00
On real estate
135 163 25
Other
155 964 25
Total loans and discounts
7 530 58
Real estate acquired in satisfaction of debts
Investments
24 415 99
All other resources
187 910 82
Total resources
Capital
60 000 00
Surplus and undivided profits
10 735 49
Deposits:
61 52
Due to banks**
Demand deposits, including U. S. Govt. deposits
19 735 14
Time deposits, including postal savings
73 442 55
93 239 21.
Total deposits
Borrowings from F. R. bank
23 497 33
Borrowings from other banks
438 79
All other liabilities
187 910 8Z
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
Dividends paid from
collections
000
,
43
Secured claims
Payments from
guaranty fund
43*000
Total payments
Per cent of payments
to claims allowed
000
43,
100 %
Preferred claims
General claims
7 2,668
Total claims
115,668
5s813
5, 813
8207
,
48,813
48t A13
4
• .
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
Cot ton
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenFall 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
1925 but no collections
•
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
'70
O National bank
O
Name of State
State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
Peoples Bank
2. Date organized
10 25 10
3. Federal reserve district
Date suspended 12 20 24
5th
4. Number of branches operated: In city of parent bank
11111
North
Town or City_
1. Name of 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
* 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
Itartit
County or
eburg
700
No
6. Condition figures, as of (date*)
Doc, 20, 1924
Loans and discounts:
On real estate
12 460 00
Other
94 789 55
107 249 55
Total loans and discounts
45 000 00
Real estate acquired in satisfaction of debts
\\\(\
Investments
30 883 87
All other resources
183 083 42
Total resources
Capital
50 000 00
Surplus and undivided profits
12 785 76
Deposits:
6 336 46
Due to banks**
Demand deposits, including U. S. Govt. deposits
44 454 58
Time deposits, including postal savings
36 606 62
87 397 66
Total deposits
Borrowings from F. R. bank
32 900 00
Borrowings from other banks
All other liabilities
183 083 42
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
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?
YOS
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. . . .
31,600
11,250
11,250
300
300
300
100%
81,217
2,436
2,436
3%
113,117
13,986
13,986
Preferred claims..
General claims. . ..
Total claims. . .
10. Has this bank been finally liquidated?
35.6%
12.3%
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
Cot ton
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?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
1927
Amount Collected. 01 017.00
•
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
Ex 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
.State Bank of North
5/22/25
3. Federal reserve district
Town or City
_Date suspended
5th
11/27/29
North
Population of town or city*
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
700
No
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank
•
County 0ra_nr7eb
Nov. 30, 1929
6. Condition figures, as of (date*)
Loans and discounts:
3 000 00
On real estate
approx.
21 987 84
Other
24 987 84
Total loans and discounts
Real estate acquired in satisfaction of debts
3 000 00
Investments
23 786 07
All other resources
51 773 91
Total resources
11 687 50
Capital
5 799 39
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
1 307 40
26 054 90
6 924 72
34 287 02
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
51 773 91
Total liabilities
7. Has this bank been reopened?
Date of reopening
Yes
12/24/29
Name under which reopened
Loss to depositors on:
If so give:
State Bank of North
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
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
X
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?
•
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
El
National bank
Name of State
State bank
Trust company
[I] Stock savings bank
South Carolina
11] Mutual savings bank
LI Private bank
•
1. Name of bank
2. Date organized
Bank of Norris
6 24 10
3. Federal reserve district
Date suspended
5th
Town or City
Norris
Piakezs
U 24 24 Population of town or city*_206
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
No
6. Condition figures, as of (date*)
Nov. 24, 1924
Loans and discounts:
On real estate
11 386 40
Other
73 188 13
84 574 53
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
18 756 66
All other resources
103 331 19
Total resources
20 000 00
Capital
4 337 63
Surplus and undivided profits
Deposits:
2 887 58
Due to banks**
Demand deposits, including U. S. Govt. deposits
23 013 62
Time deposits, including postal savings
23 910 95
49 812 15
Total deposits
Borrowings from F. R. bank
29 144 35
Borrowings from other banks
37 06
All other liabilities
103 331 19
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?
Yes
If so give:
,
• •
•
Z
4•
Name of bank by which taken over ghat is, Care
over bank and agreed to assume 60% of Deposits — Carey Bank and Trast Company
Date taken over closed, Paying tiaras itars 52-1/4.
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?
bunts in dollars)
,
' idends pai. from ,,Pra/
yments from
, guaranty fund
collections
Claims allowed
Secured claims....
299
---...........!?_,144
-.lift
Total payment
29*14-4
,..----15e; cent of payments
to claims allowed
100 %
Preferred claims...
499812
General claims
Total claims.
.. .
•
7: - 6
- 26,151
6,151
55,295
55,295
52.5%
__
----, 70%
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?
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
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
[11
National bank
Name of State
PI State bank
LII Trust company
LI Stock savings bank
South Carolina
fl Mutual savings bank
Private bank
•
1. Name of bank Bank of Norway
2. Date organized
9 26 05
3. Federal reserve district
Date suspended
Town or City
11 15 23
5th
Norway
Population of town or city*
200
Member or nonmember of F. R System_ io
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
Non e
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 (3rangebul‘g
6. Condition figures, as of (date*)
SoPt•
, 1.923
Loans and discounts:
24 371 75
On real estate
115 501 24
Other
139 872 99
Total loans and discounts
142 44
Real estate acquired in satisfaction of debts
\
s)
Investments
50 551 70
All other resources
190 567 13
Total resources
50 000 00
Capital
19 701 46
Surplus and undivided profits
Deposits:
4 8a 71
Due to banks**
Demand deposits, including U. S. Govt. deposits
t.
Tune deposits, including postal savings
39 010 83
33 543 48
77 383 02
Total deposits
Borrowings from F. R. bank
43 471 20
Borrowings from other banks
11 45
All other liabilities
190 567 13
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
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
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
_
43,471
43,471
43,471
100%
900
900
900
100%
General claims
41,417
2
899
,
2,899
7%
Total claims
85,788
47•270
47t2/0
54
Secured claims
Preferred 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)
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 of 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
iimcrunt Collected 04,Z25.00
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
fJ National bank
Name of State
a State bank
LII Trust company
E1 Stock savings bank
South Carolina
11] Mutual savings bank
EJ
Private bank
•
1. Name of bank_
2. Date organized
Bank of Oates
9 LI 16
3. Federal reserve district
Date suspended
Oates
Town or City
1 17 23
5th
4. Number of branches operated: In city of parent bank
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
Darlington
200
NO
June 16, 1923
6. Condition figures, as of (date*)
Loans and discounts:
55 000 00
On real estate
182 404 67
Other
237 404 67
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
24 307 00
All other resources
261 711 67
Total resources
Capital
20 000 00
Surplus and undivided profits
17 714 08
Deposits:
3 075 52
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
54 574 19
2 391 31
60 041 02
Total deposits
Borrowings from F. R. bank
162 356 57
Borrowings from other banks
1 600 00
All other liabilities
261 711 67
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?
140
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 gi•ve payments to date:
Yes
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
162,356
Secured claims. .
Payments from
guaranty fund
1009494
Preferred claims.
—
claims....57,004
General
9 360
—
Total claims.... 23.9
Total payments
Per cent of payments
to claims allowed
100,494
61.8 0
100,494
44
None
i00I_
494
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
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, 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
g
State bank
o
Trust company
Name of State
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank
2. Date organized
Bank of Olar
12 29 05
3. Federal reserve district
Town or City
Date suspended
5th
•
Member or nonmember of F. R. System
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 Bamberg
12 10 27 Population of town or city*
4. Number of branches operated: In city of parent bank
•
Olar
500
No
6. Condition figures, as of (date*) Dec• 10, 1927
Loans and discounts:
55 706 03
On real estate
169 550 81
Other
225 256 84
Total loans and discounts
1 400 00
Real estate acquired in satisfaction of debts
534 41
Investments
25 596 17
All other resources
252 787 42
Total resources
20 000 00
Capital
51 746 93
Surplus and undivided profits
Deposits:
2759 16
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
75 173 84
62 207 49
140 140 49
Total deposits
Borrowings from F. R. bank
31 000 00
Borrowings from other banks
9 900 00
All other liabilities
252 787 42
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
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. . . .
Total claims. . ..
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
31,000
31,000
31,000
100%
21.5
215
215
100%
125,800
None
157,015
None
31,215
31,215
None
19.8%
ig.9
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
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.
l'rimary
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
CO tton
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
1928
Amount Collected $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
o
55
National bank
Name of State
NI State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
El Private bank
•
1. Name of bank
Farmers & Merchants Bank
2. Date organized
12 30 02
3. Federal reserve district
Town or City
Date suspended 12 29 23
5th
4. Number of branches operated: In city of parent bank
°Itazgebarg
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
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
10,000
Soi
- t. 13, 1923
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
86 842 96
Other
98 709 06
185 552 02
Total loans and discounts
'
Real estate acquired in satisfaction of debts
290 35
7 520 00
Investments
15 911 34
All other resources
209 273 71
Total resources
Capital
30 000 00
Surplus and undivided profits
14 350 66
Deposits:
:,05 60
Due to banks**
Demand deposits, including U. S. Govt. deposits
4 860 24
Time deposits, including postal savings
71 845 71
121 911 55
Total deposits
Borrowings from F. R. bank
43 011 50
Borrowings from other banks
All other liabilities
209 273 71
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
Secured claims. ..
Preferred claims
General claims. . . .
Total claims.. ..
1,120
1,123
1,12o
100 %
107,963
70,175
70,175
e
65/0
109,083
71,295
71,295
6563%
•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
12 1 24 ----- Amount Collected.
LL3,7OO.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
Ei National bank
Name of State
El State bank
[1] Trust company
O Stock savings bank
O Mutual savings bank
O Private bank
South Carolina
•
Planters Bank
1. Name of bank_
2. Date organized
3 23 08
3. Federal reserve district
Date suspended
Town or City
11 26 Z9
5th
4. Number of branches operated: In city of parent bank
O
Orangeburg
Population of town or city*
Member or nonmember of F. R. System
One
Outside city of parent bank**
,
t(t-
Nana
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
7 290
No
Nov. 25, 1929
6. Condition figures, as of (date*)
Loans and discounts:
92 943 18
On real estate
368 811 08
Other
461 754 26
Total loans and discounts
e
Real estate acquired in satisfaction of debts
31 000 00
Investments
77 '748 75
All other resources
61 329 49
631 832 50
Total resources
100 000 00
Capital
52 779 48
Surplus and undivided profits
Deposits:
8 068 90
Due to banks**
Demand deposits, including U. S. Govt. deposits
165'286 44
Time deposits, including postal savings
242 174 93
415 530 27
Total deposits
Borrowings from F. R. bank
56 000 00
Borrowings from other banks
7 522 75
All other liabilities
631 832 50
Total liabilities
7. Has this bank been reopened?
1To
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:
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
96,562
96,562
96,562
100%
2,390
2,390
2,390
100%
General claims. . ..
306,098
61p 219
61,219
20%
Total claims.. ..
405,050
160,171
160,171
Secured claims. . .
Preferred claims
10. Has this bank been finally liquidated?
39.5%
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
Cot ton
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
Oat
9a.)
Amount Collected
6,
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
68
O National bank
Name of State
[4 State bank
O Trust company
fl Stock savings bank
O Mutual savings bank
South Carolina
O Private bank
Bank of Pacolet
1. Name of bank__
2. Date organized
7 18 12
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City
6 5 24
Pacolet
Population of town or city*
500
Member or nonmember of F R System_ N°
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 natte and location of each outside branch at time of suspension.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Spartanburg
County
Julie 5
6. Condition figures, as of (date*)
1924
Loans and discounts:
On real estate
s
23 886 61
43 803 99
Other
67 690 60
Total loans and discounts
Real estate acquired in satisfaction of debts
900 00
Investments
21 294 37
All other resources
SHORTAGE
23 893 08
113 778 _05_
Total resources
15 000 00
Capital
5 711 50
Surplus and undivided profits
i
t
Deposits:
Due to banks**
88 90
S
Demand deposits, including U. S. Govt. deposits
42 248 10
Time deposits, including postal savings
19 891 16
62 2a8 16
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
11 000 00
LEDGER LEAVES REMOVED
All other liabilities L
19 8 39 39
113 778 05
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:
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
_
Secured claims. . . .
Preferred claims. . .
General claims
Total claims. . . .
11,000
11,000
11,000
100 %
88
88
100 %
73,826
55,370
75 %
84,348
66,458
55,370
•
66,458
.(
88
•10. Has this bank been finally liquidated?
Date liquidation was completed
78.8%
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
i
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
Yes
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
Jan. 1925
Amount Collected 012,000600
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
• National bank
Name of State
[It State bank
LI Trust company
LI Stock savings bank
South Carolina
• Mutual savings bank
• Private bank
1. Name of bank
!!9!8!a1
2. Date organized
4/2At
3. Federal reserve district
& Trust Co.
Date suspended
Town or City Pagel-end
lt6_/_30
5th
Population of town or city* 521
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 Chester t13 Id
No
Oct. 23, 1929
6. Condition figures, as of (date*)
Loans and discounts:
$
On real estate
Cannot ascertain
Other
$
Total loans and discounts
53 324 04
Real estate acquired in satisfaction of debts
Investments
55 642 36
All other resources
108 966 40
Total resources
17 000 00
Capital
11 417 69
Surplus and undivided profits
Deposits:
$
Due to banks**
865 77
Demand deposits, including Ti. S. Govt. deposits
60 803 82
Time deposits, including postal savings
13 879 12
75 548 71
Total deposits
Borrowings from F. R. bank
5 000 00
Borrowings from other banks
All other liabilities
108 966 40
Total liabilities
7. Has this bank been reopened?
Date of reopening
Yes
If so give:
1/18/30
Name under which reopened
Loss to depositors on:
Peoples Bank and Trust Company
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
•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
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, 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
bank suspended?
If so, give dates and amounts of all assessments
Stockholders paid in 25% to restore Capital and Surplus - '5,00040
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
Name of State
State bank
LI Trust company
D Stock savings bank
D
South Carolina
Mutual savings bank
LI Private bank
•
1. Name of bank
2. Date organized
Bank of Parksv ills
10 1 1908
3. Federal reserve district
Date suspended
Town or City
11 7 22
5th
4. Number of branches operated: In city of parent bank
McCord ok
Population of town or city*
No
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
Outside city of parent bank**
•
Parksvi lie
NO
6. Condition figures, as of (date*)
Nov. 7, 1922
Loans and discounts:
On real estate
16 714 46
Other
70 173 98
86 888 44
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
23 778 20
All other resources
110 666 64
Total resources
19 050 00
Capital
23 202 70
Surplus and undivided profits
Deposits:
148 81
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
11 078 90
21 914 27
33 141 98
Total deposits
Borrowings from F. R. bank
35 369 46
Borrowings from other banks
2 50
All other liabilities
110 666 64
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
ITo
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
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims. ...
Total claims. ...
10.
Has this bank been finally liquidated?
AS
Date liquidation was completed
Collections:
Creditor banks held practically all
If so give: assets that were of value and best in—
formation is that they were paid in full
Depositors received nothing nor were
stocRholders assessed.
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
Dividends paid from
collections
33*141
33,14/
35,
369
lone
68,510
33,141
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
33,14J.
100%
Preferred claims...
General claims.
Total claims. . . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
33,141
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 — Fisheries Products Co.
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
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
National bank
Name of State
Ut State bank
O Trust company
South Carolina
El Stock savings bank
O
Mutual savings bank
O Private bank
Bank of Paxville
1. Name of bank_
2. Date organized
7519
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
•
Town or City
PaX71118
10 22 25 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
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
e
Clarndon.
165
No
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
15 000 21
Other
31 702 81
46 703 02
Total loans and discounts
Real estate acquired in satisfaction of debts
24 374 59
boaRstmidec....411. atilor. lie source Et
telkoritamoramc
71 077 61
Total resources
Capital
20 000 00
Surplus and undivided profits
16 365 57
Deposits:
130 80
Due to banks**
Demand deposits, including U. S. Govt. deposits
23 010 34
800 00
Time deposits, including postal savings
23 941 14
Total deposits
Borrowings from F. R. bank
10 770 90
Borrowings from other banks
All other liabilities
71 077 61
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? 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
Yea
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
_
10,770
10,770
21A 547
None
Secured claims. . . .
10,770
100 %
Preferred claims.. .
General claims. . ..
32,317
Total claims.
10,770
_
Ilk 10. Has this bank been finally liquidated?
10,770
33.4
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 suspension?
Preceding Fall — Crop Conditions
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
11110'
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
12f State bank
O Trust company
O Stock savings bank
South Carolina
Ii Mutual savings bank
0 Private bank
.
V
Bank of Pelion
1. Name of bank__
2. Date organized
8 27 10
3. Federal reserve district
Town or City
Date suspended
1929
5th
Pelion
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 Lexington
184
NO__
6. Condition figures, as of (date*)
Jan. 9, 1929
Loans and discounts:
On real estate
13 824 36
Other
22 121 12
Total loans and discounts
35 945 48
22 874 87
Real estate acquired in satisfaction of debts
5 075 94
Investments
13 484 37
All other resources
77 380 66
Total resources
21 225 00
Capital
2 244 35
Surplus and undivided profits
Deposits:
1 138 43
Due to banks**
Demand deposits, including U. S. Govt. deposits
23 108 29
Time deposits, including postal savings
29 662 83
53 909 55
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
1 76
All other liabilities
77 380 66
Total liabilities
7. llas 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
b. 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_wag= 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. . . .
_
1,399
1,399
General claims. ...
479321
109410
Total claims. . ..
489720
119809
Preferred claims.. .
10. Has this bank been finally liquidated?
_
_
,1_ 399
_AP
10,410
2.2%
11,809
24.%
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
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 a'griculture
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
Sr
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
-188
National bank
Name of State
IN State bank
1:3 Trust company
El Stock savings bank
South Carolina
• Mutual savings bank
El Private bank
•
Chicorg Bank
1. Name of bank_
2. Date organized
12 14 1885 Date suspended
3. Federal reserve district
Town or City Pelzer
10 20 29
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
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
6,
675
No
6. Condition figures, as of (date*)
170v• 19, 1929
Loans and discounts:
86 908 40
On real estate
204 765 96
Other
291 674 36
Total loans and discounts
Real estate acquired in satisfaction of debts
65 405 15
Investments
40 536 50
124 719 47
All other resources
522 335 48
Total resources
Capital
50 000 00
Surplus and undivided profits
87 089 17
Deposits:
11 425 50
Due to banks**
Demand deposits, including U. S. Govt. deposits
186 525 60
Time deposits, including postal savings
162 295 21
360 246 31
Total deposits
Borrowings from F. R. bank
25 000 00
Borrowings from other banks
All other liabilities
522 335 48
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
b. Has this bank been taken over by another bank?
Io
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
28,237
28,237
28,237
100%
8,680
8,
680
8,680
100%
351,566
315,553
315,553
89.7%
Total claims. .. 388,483
352,470
352,470
90,7%-.
Secured claims. . . .
Preferred claims.
General claims.
Above dividend was paid mostly in Asset's Dividend
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
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
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?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
y
If so, give dates and amounts of all assessments
January 1930
Amount Collected $9,000.00
•
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
0 National bank
Name of State
D1
State bank
El
Trust company
0 Stock savings bank
South Carolina
0 Mutual savings bank
0 Private bank
1. Name of bank
Bank of Pendlet on
2. Date organized
9/6/89
3. Federal reserve district
Date suspended
Town or City Pendleton
6/9/25
5
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
County Andefson
1,040
No
,Ttate 9, 1925
6. Condition figures, as of (date*)
Loans and discounts:
31 536 26
On real estate
169 760 94
Other
$
Total loans and discounts
201 297 20
Real estate acquired in satisfaction of debts
9 504 84
Investments
5 460 00
31 805 22
All other resources
248 067 26
Total resources
30 000 00
Capital
5 499 10
Surplus and undivided profits
Deposits:
6 055 27
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
103 979 93
57 522 91
167 558 11
Total deposits
Borrowings from F. R. bank
45 000 00
Borrowings from other banks
10 05
All other liabilities
248 067 26
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 depositor§ 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)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
55V 000
49s985
49g985
General claims. . . . 151,531
38,516
Z8,_516
206,531
88,501
Secured claims..
Per cent of payments
to claims allowed
90.8%
Preferred claims..
Total claims. . .
411
0 10. Has this bank been finally liquidated?
Date liquidation was completed
88*501
25.5%
42.9%
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
Ox
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
6
--,Amomat--Colie-eted 41-60-1-08-00—
•
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
EJ
••.
National bank
Name of State
[71 State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
AO
Succes3ors to Bank of Norris and Blue Ridge Bank
Carey Bank & Trust Co.
Town or City Pickens
1. Name of bank
County Pickens
2. Date organized
11 25 25
Date suspended
10 a 27
Population of town or city*
5th
No
Member or nonmember of F R. System
3. Federal reserve district
Ncone
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
1 250
6. Condition figures, as of (date*)
24:11,• 5, 192Ei
Loans and discounts:
9 483 4-8
On real estate
15 147 53
Other
24 631 01
Total loans and discounts
4 115 18
Real estate acquired in satisfaction of debts
7
Investments
35 088 75
All other resources
53 834 94
Total resources
30 000.00
Capital
1 006 21
Surplus and undivided profits
Deposits:
3 467 92
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
3 936 96
4 014 85
11 419 73
Total deposits
Borrowings from F. R. bank
11 409 00
Borrowings from other banks
All other liabilities
33 834 94
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:
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
- ,1,11:rinILIIIIffi1m.:::::-
Secured claims. . .
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
t , k II•
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
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
dr
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
111
National bank
Name of State
State bank
0 Trust company
• Stock savings bank
South Carolina
• Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Keowee Bank
9 9 09
Town or City
Date suspended
Pickens
County Pialmns
10 17 28 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**
Non.e
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
895
NO
6. Condition figures, as of (date*)
August 11, 1928
Loans and discounts:
80 489 79
On real estate
113 191 91
Other
$
Total loans and discounts
193 681 70
6 523 08
Real estate acquired in satisfaction of debts
\
O"\\\
Investments
19 066 23
All other resources
219 271 01
Total resources
50 000 00
Capital
8 668 47
Surplus and undivided profits
Deposits:
1 282 96
Due to banks**
Demand deposits, including U. S. Govt. deposits
149 115 52
Time deposits, including postal savings
150 398 48
Total deposits
Borrowings from F. R. bank
10
Borrowings from other banks
204 06
All other liabilities
219 271 01
Total liabilities
7. Has this bank been reopened?
000 00
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 i Lems 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
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
1.0,000
10,000
10,000
1,869
1,869
1,869
100%
146,029
102,a23
102,220
70%
157,898
124,089
124,089
78.6%
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
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 suspenImmediate
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
Nov. 192
If so, give dates and amounts of all assessments
-9__f_,Amctun_t_Geai_e_e_ttxi—$3--vo-oTo,
•
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
116
National bank
Name of State
113 State bank
0 Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
Bank of Pinewood.
2. Date organized
Pinewood.
Town or City
1. Name of ban
9212
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
1 13 27
County
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
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
Sumter
338
6. Condition figures, as of (date*)
Jan. 14, 1927
Loans and discounts:
8 756 91
On real estate
34 429 80
Other
43 186 71
Total loans and discounts
1 550 00
Real estate acquired in satisfaction of debts
\\‘'
Investments
25 00
7 148 76
All other resources
51 910 47
Total resources
10 000 00
Capital
280 67
Surplus and undivided profits
Deposits:
275 92
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
21 770 57
7 263 31
29 309 80
Total deposits
Borrowings from F. R. bank
12 320 00
Borrowings from other banks
All other liabilities
51 910 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
b. 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
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . .
Preferred claims.
General claims.. .
(Figures not available)
12,320
-29,044
----
12,06612,066
Total claims...
41.2%
_
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
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?
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 Cali eta
,8Q.42
•
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 Mutual savings bank
O Private bank
Bank of Pinewood.
1. Name of bank
2. Date organized
South Carolina
11 20 18
3. Federal reserve district
Date suspended
Town or City
12 29 23
5th
Pinewood.
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
Stanker
250
Population of town or city*
Member or nonmember of F R. System
4. Number of branches operated: In city of parent bank
•
County
No
Dec.
6. Condition figures, as of (date*)
O, 1923
Loans and discounts:
On real estate
16 108 50
Other
85 483 57
101 592 07
Total loans and discounts
Real estate acquired in satisfaction of debts
\
Investments
33 538 48
All other resources
135 130 55
Total resources
Capital
46 700 00
Surplus and undivided profits
14 736 94
Deposits:
2 472 93
Due to banks**
Demand deposits, including U. S. Govt. deposits
1.1 966 11
Time deposits, including postal savings
17 317 30
31 756 34
Total deposits
Borrowings from F. R. bank
41 937 27
Borrowings from other banks
All other liabilities
135 130 55
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
er
".aio
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
41,937
3,
3
268
33,268
79.3%
General claims. ...
30,632
14,010
14,010
45.7%
Total claims. ...
72,569
47,278
47,278
65%
Secured claims. . . .
Preferred 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
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?
NO—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 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
fes
1926
Amount
$12,254.00
•
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
supervisory
authorities or by the bank's board of directors on account of financial difficulties. This
by
not
be used for merged or consolidated banks but should be used for those banks susshould
form
account
of financial difficulties, even though they are subsequently taken over by other
pended on
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
11 5
National bank
Name of State
• State bank
O Trust company
O Stock savings bank
South Carolina
0 Mutual savings bank
O Private bank
•
1. Name of bank
Bark o f Plum Branch
Town or City
Plum Bran ch
County
McCo rmick
4
2. Date organized
4 17 12
Date suspended
3g1mbilm14-.
Population of town or city*
5th
3. Federal reserve district
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
169
NO
6. Condition figures, as of (date*)
NOV. 12, 1925
Loans and discounts:
On real estate
13 233 88
Other
30 904 87
64 138 75
Total loans and discounts
3 062 45
Real estate acquired in satisfaction of debts
Investments
10 624 62
All other resources
77 825 82
Total resources
10 000 00
Capital
3 745 23
Surplus and undivided profits
Deposits:
5823
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
23 452 45
17 112 37
41 423 05
Total deposits
Borrowings from F. R. bank
22 500 00
Borrowings from other banks
157 54
All other liabilities
77 825 82
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
•
179
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
YesIf 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
17,500
17,500
17,500
20
20
ZO
26,411
6,602
6,602
25%
43,931
24,122
24,122
54%
Secured claims. . .
Preferred claims..
General claims. ...
Total claims. ...
411P
Per cent of payments
to claims allowed
100%
100 %
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 ?
Six months previous to closing
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
_Total
•
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 notbe 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
o
State bank
:-j
Name of State
Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of ban
2. Date organized
own or City
i/-1 7- 8/3--
4
.
e .
.• /I
Date suspended //- 3 -/9.261".opu1ation of town or city*
/
a'f4r
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**
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
17
6. Condition figures, as of (date*)
0///774
Loans and discounts:
$
On real estate
13,
3
Other
33 .
?,/-/ •
$
Total loans and discounts
L N
13r 73"..
3 0 6-2 • 4.3"
Real estate acquired in satisfaction of debts
\0\\
Investments
All other resources
211 - 6.2--
/
7 7,
Total resources
2-
/A eoa .
Capital
3, 74%c.23
Surplus and undivided profits
Deposits:
-2$
Due to banks**
Demand deposits, including U. S. Govt. deposits
//52•
Time deposits, including postal savings
/12,37
I
Total deposits
1123 • D.c
Borrowings from F. R. bank
•
1;d0 • 0()
Borrowings from other banks
/57 h)
77
,e as-.S:2
All other liabilities
Total liabilities
7. Has this bank been reopened?
Date of reopening
If so give:
/ 2 -/?2.c
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
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 claim (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
I cause
.
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc
Y
,
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)
Name 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
If so, give dates and amounts of all assessments
bank suspended?
S 5aDd
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,ep t
•
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
[2 State bank
[1=1
Trust company
[j] Stock savings bank
South. Carolina
Mutual savings bank
LI Private bank
•
1. Name of bank
2. Date organized
Bank of l'omaria
6 27 08
3. Federal reserve district
Town or City
Date suspended
5th
3 14 30
Pomaria
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 Newberry
288
No
March 14, 1930
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
19 406 04
Other
32 166 71.
51 572 75
Total loans and discounts
4 515 00
Real estate acquired in satisfaction of debts
Investments
7 582 32
All other resources
63 670 07
Total resources
15 000 00
Capital
8 937 62
Surplus and undivided profits
Deposits:
890 74
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
16 158 31
22 683 40
39 732 45
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
63 670 07
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:
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
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
None
Secured claims. . . .
Preferred claims. . .
General claims
Total claims. . ..
805
805
805
39 732
3II673
3,673
9.2%
47
737
—1_
4,478
4,471_
9•4
4111 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?
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?
Some years ago (gradual)
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
None as yet
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
11] National bank
Name of State
gi State bank
LI Trust company
1::] Stock savings bank
South Carolina
LI Mutual savings bank
• Private bank
•
1. Name of bank
2. Date organized
Bank of Reevesville
6 1 06
3. Federal reserve district
Date suspended
Town or City Reevesville
12 18 26
5th
4. Number of branches operated: In city of parent bank
Population of town or city*
lember 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 Dorchester
•
No
200
6. Condition figures, as of (date*)
Doc:. 16, 1926
Loans and discounts:
870 34
On real estate
28 016 63
Other
28 886 9'7
Total loans and discounts
4 000 00
Real estate acquired in satisfaction of debts
(`)
3 300 00
Investments
8 644 95
All other resources
44 83]. 92
Total resources
15 000 00
Capital
484 84
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
19 556 29
Time deposits, including postal savings
19 556 Z9
Total deposits
Borrowings from F. R. bank
9 790 79
Borrowings from other banks
All other liabilities
44 831 92
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
Dividends paid from
collections
9,790
Payments from
guaranty fund
489
Total payments
489
Secured claims
Per cent of payments
to claims allowed
5%
Preferred claims..
19,556
General claims
None
489,SR9
Total claims
1.310
I."
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
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 suspenSeveral years prior to closing
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
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
M State bank
O
Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
Farmers & Merchants Bank
1. Name of bank
2. Date organized
2 14 18
3. Federal reserve district
Date suspended
5th
Town or City Ri dge SP-ring
1 13 27
Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank__ N°11°
•
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 Saluda
597
NO
6. Condition figures, as of (date*)
Jan. 13, 1927
Loans and discounts:
On real estate
74 654 16
Other
59 936 15
134 590 31
Total loans and discounts
19 4.40 00
Real estate acquired in satisfaction of debts
3 058 00
Investments
41 123 86
All other resources
198 212 17
Total resources
30 000 00
Capital
33 926 11
Surplus and undivided profits
Deposits:
60 51
Due to banks**
Demand deposits, including U. S. Govt. deposits
26 789 57
Time deposits, including postal savings
64 188 29
91 038 37
Total deposits
Borrowings from F. R. bank
40 000 00
Borrowings from other banks
3 247 69
All other liabilities
198 212 17
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?
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)
Secured claims. .. .
Claims allowed
Dividends paid from
collections
40,000
40,
000
40,000
100%
91,038
45,519
45,519
50%
131,038
85,519
85,519
65%
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
Llisundorstanding
among officers
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (spedify)
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 ?
Previous six months
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
Oct. 1930
Amount Collected )10,000.00
•
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
66
LI National bank
JJ State bank
LI Trust company
Name of State
[1] Stock savings bank
fl Mutual savings bank
South Carolina
El Private bank
1. Name of bank
2. Date organized
Balik of Ridgeville
9 23 11
3. Federal reserve district
Date suspended
Town or City
10 9 24
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
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 Dor chester
Member or nonmember of F. R System__
Outside city of parent bank**
•
Ridgeville
385
No
00t. 8, 1924
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
14 375 26
Other
86 795 27
101 170 53
Total loans and discounts
„\N
Real estate acquired in satisfaction of debts
4 374 10
Investments
21 611 73
All other resources
127 156 36
Total resources
15 000 00
Capital
2 154 16
Surplus and undivided profits
Deposits:
3 910 3,1
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
32 293 62
19 762 93
55 966 86
Total deposits
Borrowings from F. R. bank
46 663 23
Borrowings from other banks
7 372 11
All other liabilities
127 156 36
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
•
ITO
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
_
52,012
7,801
Secured claims.
7,801
15%
7.IP801
7%
Preferred claims
General claims
57,865
Total claims
109,877
I.ione
7,801
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
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 1922
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 01,500.00
•
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
a
State bank
Name of State
O Trust company
South Carolina
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of ban
2. Date organized
Farmers and. Merchants Bank Town or City
10 29 11
3. Federal reserve district
Date suspended
5th
3 10 26
Ridgewa.9
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**
111,'
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 Fairfield
429
No
6. Condition figures, as of (date*)
Sept ember 29
1925
Loans and discounts:
On real estate
24 527 61
Other
16 890 72
41 418 33
Total loans and discounts
13 964 41
Real estate acquired in satisfaction of debts
\\\
Investments
377 00
15 579 03
All other resources
71 338 77
Total resources
25 000 00
Capital
6 582 68
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
24 326 11
5 429 98
29 756 09
Total deposits
Borrowings from F. R. bank
10 000 00
Borrowings from other banks
All other liabilities
71 338 77
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)
Secured claims. .
Claims allowed
Dividends paid from
collections
14,000
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11,900
11,900
85%
100%
Preferred claims.
Nora
General claims.
13,037
13,037
13,037
27,037
24,937
24,937
Total claims..
10. Has this bank been finally liquidated?
Date liquidation was completed
92.2%
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
X
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 and. Real Estate
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
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
• National bank
g
Name of State
State bank
El Trust company
LI Stock savings bank
111
South Carolina
Mutual savings bank
D Private bank
•
Cotton Bari?'
1. Name of bank__
2. Date organized
7 4 06
3. Federal reserve district
Town or City
Date suspended
5th
4. Number of branches operated: In city of parent bank
4 4 25
Population of town or city*
No
Nom
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
Member or nonmember of F. R. System
Outside city of parent bank**
•
Roviesville
425
NO
6. Condition figures, as of (date*)
. 4, 1925
Loans and discounts:
On real estate
16 046 52
Other
73 306 82
89 353 34
Total loans and discounts
3 843 05
Real estate acquired in satisfaction of debts
95 00
Investments
15 542 45
All other resources
108 843 84
Total resources
15 000 00
Capital
13 716 38
Surplus and undivided profits
Deposits:
.8116
Due to banks**
Demand deposits, including U. S. Govt. deposits
•
Time deposits, including postal savings
34 373 41
31'037 43
65 492 00
Total deposits
Borrowings from F. R. bank
14 619 46
Borrowings from other banks
16 00
All other liabilities
108 843 84
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
11°
ITO
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)
Total payments
Per cent of payments
to claims allowed
13,852
130852
94.8%
12,966
12,966
19.6% / -',
26,818
26.818
Claims allowed
Dividends paid from
collections
14,619
General claims
65,879
Total claims
80,498
Secured claims
Payments from
guaranty fund
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
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 1923-24
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
1929
lanount Collected 012,000.00
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
[11
National bank
a
State bank
Name of State
[1] Trust company
Stock savings bank
111
South Carolina
Mutual savings bank
El Private bank
•
1. Name of bank
Citizens Bank
7 25 19
.
2. Date organized
3. Federal reserve district
Town or City St. George
10 8 25
Date suspended
5th
Population of town or city*
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
1,386
Member or nonmember of F. R. System_ No
4. Number of branches operated: In city of parent bank
•
County Dorchester
Oct. 8, 1925
6. Condition figures, as of (date*)
Loans and discounts:
31 82.5 00
On real estate
110 224 11
Other
142 049 11
Total loans and discounts
Real estate acquired in satisfaction of debts
3 825 93
Investments
7 000 00
31 874 54
All other resources
184 749 58
Total resources
50 000 00
Capital
8 599 59
Surplus and undivided profits
Deposits:
1 662 22
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
65 786 78
27 313 70
94 762 70
Total deposits
Borrowings from F. R. bank
31 365 16 •
Borrowings from other banks
22 13
All other liabilities
184 749 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
•
NO
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
41,572
27,000
80,412
None
Payments from
guaranty fund
Total payments
27,000
Secured claims. ..
Per cent of payments
to claims allowed
65%
Preferred claims..
General claims. ..
Total claims. ...
121,984
27,000
10. Has this bank been finally liquidated?
•
Date liquidation was completed
27,000
22.1%
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
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?
•
6S
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 suspenPast two years
sion?
12. Were there any assessments, voluntary or otherwise, 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
Nov. 1930
Amount Collected 4a,n0.o0
•
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
171 State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank Bank of Sandy Springs
2. Date organized
10 19 12
3. Federal reserve district
Date suspended
Town or City Sandy SPrings County Anderson
10 29 25
5th
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
•
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
55
No
6. Condition figures, as of (date*)
October 29 1925
Loans and discounts:
On real estate
13 496 40
Other
97 400 50
110 896 90
Total loans and discounts
Real estate acquired in satisfaction of debts
1 650 00
Investments
1 250 00
All other resources
9 951 31
123 948 21
Total resources
10 000 00
Capital
7 500 00
Surplus and undivided profits
Deposits:
843 85
Due to banks**
Demand deposits, including U. S. Govt. deposits
r
Time deposits, including postal savings
76 437 25
22
'041 00
99 322 10
Total deposits
Borrowings from F. R. bank
7 126 11
Borrowings from other banks
All other liabilities
. 123 948 21
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
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
7,126
7,126
7,126
89,840
12,781
12,781
14.2%__
Total claims....96,966
19,907
19,907
20.0_
Secured claims. .. .
Preferred claims..
General claims..
100%
None
•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
Cottoh
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
pm.1
1926
Amount Collected $6,726.00
•
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
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
D National bank
Name of State
25, State bank
Li Trust company
D Stock savings bank
El
South Carolina
Mutual savings bank
Private bank
•
Peoples Bank
1. Name of bank__
1 31 18
2. D ate organized
3. Federal reserve district
Town or City
Scotia
County
Hanpton
2 14 23
Date suspended
5th
4. Number of branches operated: In city of parent bank
269
Population of town or city*
Member or nonmember of F R. System_
No
Note
Outside city of parent bank** Nita
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
0,
Dec. :),9, 1.242
6. Condition figures, as of (date*)
Loans and discounts:
6 203 87
On real estate
27 471 80
Other
35 675 67
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
12 839 99
All other resources
48 515 66
Total resources
15 000 00
Capital
3 224 63
Surplus and undivided profits
Deposits:
110 63
Due to banks**
Demand deposits, including U. S. Govt. deposits
3 549 99
Time deposits, including postal savings
1 683 91
5 344 53
Total deposits
Borrowings from F. R. bank
•
24 946 50
Borrowings from other banks
All other liabilities
48 515 66
Total liabilities
7. IIas this bank been reopened?
lb
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?
:To
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
24,946
16,538
16,538
76
76
76
5,273
496
496
9.5%
30,295
17,110
17,110
56.4%
Payments from
guaranty fund
Secured claims. ..
Preferred claims.
General claims...
Total claims..
10. Has this bank been finally liquidated?
•
Date liquidation was completed
Per cent of payments
to claims allowed
Total payments
66.3%
100 e
/0
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
Per cent of payments
to claims allowed
Total payments
,
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
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 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
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
a
State bank
Name of State
111 Trust company
EJ Stock savings bank
ri
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank
Peoples Bank
Town or City
2. Date organized
2/28/10
11/13/28 Population of town or city*
Date suspended
3. Federal reserve district
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 Florence
Member or nonmember of F. R. System__
4. Number of branches operated: In city of parent bank
•
Scranton
294
November 12 1928
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
13 874 78
Other
35 659 21
49 533 99
Total loans and discounts
8 484 72
Real estate acquired in satisfaction of debts
%).
2 246 00
Investments
41 029 69
All other resources
101 294 40
Total resources
36 550 00
Capital
4 422 36
Surplus and undivided profits
Deposits:
325
Due to banks**
Demand deposits, including U. S. Govt. deposits
27 914 77
Time deposits, including postal savings
32 382 23
$
Total deposits
60 300 25
Borrowings from F. R. bank
Borrowings from other banks
21 79
All other liabilities
101 296 40
Total liabilities
7. Has this bank been reopened?
No
Ifso 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
13,217
5
924
,
42,759
12,837
12,837
30%
Total claims.. . . _55076
18t761
18,761
33.5%
Secured claims
5it924
44.8%
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
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, hither 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, 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
1928
Amount
øUeoted
6,OOO.
•
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
State bank
Trust company
• Stock savings bank
South Carolina
• Mutual savings bank
Private bank
•
1. Name of bank
Citizens Bank
Town or City
10 3 04
2. Date organized
3. Federal reserve district
Date suspended
5th
Seneca
11 22 26
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
Oconee
1 460
9
No
6. Condition figures, as of (date.*) Nov. 20, 1926
Loans and discounts:
On real estate
350 480 19
Other
287 463 74
637 943 93
Total loans and discounts
Real estate acquired in satisfaction of debts
40 753 83
Investments
23 400 14
All other resources
77 454 74
779 552 64
Total resources
50 000 00
Capital
46 337 86
Surplus and undivided profits
Deposits:
16 324 12
Due to banks**
Demand deposits, including U. S. Govt. deposits
369 308 45
Time deposits, including postal savings
159 847 60
545 480 17
Total deposits
Borrowings from F. R. bank
137 000 00
Borrowings from other banks
734 61
All other liabilities
779 552 64
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
Secured claims. .1. .
147,839
147,839
147.839
Preferred claims. . .
10•439
10,439
10,439
524,202
376,458
376,458
748%
682,480
534,736
534,736
78%
General claims
Total claims.. . .
•10. Has this bank been finally liquidated?
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
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
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 — Real Estate
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
Two 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
Yes
If so, give dates and amounts of all assessments
July 15, 1927
Amount $34,511.00
•
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
[t State bank
O Trust company
O Stock savings bank
0 Mutual savings bank
Sclgth Carolina
O Private bank
•
1. Name of bank
2. Date organized
Seneca Bank
2 18 95
3. Federal reserve district
Town or City
Date suspended
1 2/1 30
5tb.
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
11110
Seneca
Oconee
1,462
N°
•
6. Condition figures, as of (date*)
Jan. 24, 1930
Loans and discounts:
On real estate
195 714 76
Other
209 798 66
$
Total loans and discounts
405 513 42
22 234 94
Real estate acquired in satisfaction of debts
1 094 80
Investments
88 967 9'1
All other resources
517 811 13
Total resources
Capital
20 400 00
Surplus and undivided profits
15 33.1 02
Deposits:
6 756 36
Due to banks**
Demand deposits, including U. S. Govt. deposits
332 359 47
Time deposits, including postal savings
142 934 28
482 050 11
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
50 00
All other liabilities
517 811 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
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
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
100 %_
None
Secured claims.
Preferred claims..
General claims. .. .
Total claims. . ..
3t---63.5 -- 474,440
3,615
3,615
154,160
154,160
32.5%
478,055
157,775
157,775
33%
•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
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 suspenSeveral Years
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
.gigust 9, 1930
Amount Collected.
416,115000
•
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
lj] National bank
Name of State
4] State bank
L]
Trust company
El Stock savings bank
El
Mutual savings bank
South Carolina
El Private bank
1. Name of bank Bank of Shelton
2. Date organized
1 12 16
3. Federal reserve district
Date suspended
Town or City
10 31. 22
ielton
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
* 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
17")
Population of town or city*
5th
4. Number of branches operated: In city of parent bank
•
County Fairfield
No
6. Condition figures, as of (date*)
10 31 22
Loans and discounts:
$
On real estate
33 710 16
41 898 87
Other
75 609 03
Total loans and discounts
8 478 67
Real estate acquired in satisfaction of debts
Investments
a 083 17
All other resources
105 170 87
Total resources
25 000 00
Capital
8 510 03
Surplus and undivided profits
Deposits:
380 43
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
4 630 34
22 825 47
27 836 24
Total deposits
Borrowings from F. R. bank
43 824 60
Borrowings from other banks
All other liabilities
105 170 87
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
* Cond,ition 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:
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)
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?
Yes
If so give:
1926
Date liquidation was completed
Collections:
Not available
in detail.
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
Per cent of payments
to claims allowed
%
39,517
15,806
15,806
General claims
26,726
12,713
12,713
47.57%
Total claims
66,243
28,519
28,519
43%
Secured claims. . ..
Preferred claims. .
-
Secured claims were pail in full bmt
Directors had endorsed and had
to put
Up sq%
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
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?
If so, give dates and amounts of all assessments
There was no assessment an stockholders bat Directors (principal stock—
holders) guaranteed bills payable and had. to pay $23,711.00
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
-11. 011
National bank
Name of State
2] State bank
0 Trust company
[11 Stock savings bank
E
South Carolina.
Mutual savings bank
O Private bank
•
1. Name of bank Bank of Simpsonville
2. Date organized
8 24 07
3. Federal reserve district
Town or City Simpsonville County Greenville
Date suspended
5th
11 6 26
Population of town or city*
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank__
Thane
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
566
No
6. Condition figures, as of (date*)
ltirOv. 6. 1926
Loans and discounts:
12 515 44
On real estate
191 130 38
Other
203 645 82
Total loans and discounts
5 000 00
Real estate acquired in satisfaction of debts
Investments
19 543 50
All other resources
38 602 23
266 791 55
Total resources
Capital
25 000 00
Surplus and undivided profits
20 562 88
Deposits:
3 237 36
Due to banks**
Demand deposits, including U. S. Govt. deposits
63 525 05
Time deposits, including postal savings
70 162 26
136 924 67
Total deposits
Borrowings from F. R. bank
84 300 00
Borrowings from other banks
4 00
All other liabilities
266 791 55
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... .
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
84,300
84,300
84,300
100 %
136,924
54,769
54,769
40%
221,224
139,069
139,069
Preferred claims.. .
General claims.. . .
Total claims. . ..
•10. Has this bank been finally liquidated?
62,81
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
Cot ton.
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 15, 1929
$3.5,000.00
•
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
a
State bank
Name of State
O Trust company
O Stock savings bank
South Carolina
0 Mutual savings bank
O Private bank
•
1. Name of bank
2. Date organized
Dollar Savinfp Bank
Town or City
9 a) 07
3. Federal reserve district
Date suspended
5th
12 30 29 Population
of town or city*_
,52537
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
ii0
* 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
Member or nonmember of F. R System__ No
4. Number of branches operated: In city of parent bank
•
Spartanburg
6. Condition figures, as of (date*)
Dec. 28, 1929
Loans and discounts:
24 095 49
On real estate
298 913 56
Other
323 009 05
Total loans and discounts
A 33 815 34
c‘c\
70 570 24
Real estate acquired in satisfaction of debts
Investments
98 159 76
All other resources
525 554 39
Total resources
100 000 00
Capital
17 070 43
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
275 177 16
86 062 70
361 239 86
Total deposits
Borrowings from F. R. bank
47 226 10
Borrowings from other banks
18 00
All other liabilities
525 554 39
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. IIas 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
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
47,226
Secured claims
(Figares
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
ot available]
Preferred claims. . .
General claims.. ..
361,239
408,465
Nome
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)
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?
Four years prior to closing
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. 1930 — Amount $24,375.00
•
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
0
Name of State
State bank
0 Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank
2. Date organized
Bank of Springfteld
8 13 03
3. Federal reserve district
Town or City Springfield
Date suspended
12 4 26
5th
Member or nonmember of F. R System__
4. Number of branches operated: In city of parent bank
Population of town or city*
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
*s.L1O
* 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
798
NO
J.2
6. Condition figures, as of (date*)
26
Loans and discounts:
84 .1.28 26
On real estate
187 786 38
Other
271 914 64
Total loans and discounts
4 498 53
Real estate acquired in satisfaction of debts
.4
Investments
22 970 42
33 315 39
All other resources
332 698 98
Total resources
50 000 00
Capital
39 109 82
Surplus and undivided profits
Deposits:
852 74
Due to banks**
Demand deposits, including U. S. Govt. deposits
84 605 94
Tune deposits, including postal savings
42 313 02
127 77170
Total deposits
Borrowings from F. R. bank
115 595 19
Borrowings from other banks
222 27
All other liabilities
332 698 98
Total liabilities
7. Has this bank been reopened?
1O
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?
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
_
Secured claims
Preferred claims...
140,595
125,000
125,000
326
326
326
81,225
General claims
100 %
.
2229146
Total claims
- 88.8%
125,326
10. Has this bank been finally liquidated?
•
Date liquidation was completed
,
125326
56.4%
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 suspenTrio years preceding
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
Nov. 1928
mount Collected (i)2,000.00
•
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
[11
Name of State
State bank
O Trust company
El Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
Stmte.r Trust Co
Town or City
1. Name of bank
2. Date organized
11 4 11
3. Federal reserve district
Date suspended
5th
2 17 27
Sumter
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
Sumter
10,012
110
Feb. 16, 1927
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
305 743. 63
Other
504 994 03
810 735 66
Total loans and discounts
Real estate acquired in satisfaction of debts
10 41.6 31
Investments
70 430 75
586 491 58
All other resources
1 478 104 30
Total resources
100 000 00
Capital
31 184 60
Surplus and undivided profits
Deposits:
8 500 69
Due to banks**
Demand deposits, including U. S. Govt. deposits
173 714 14
Time deposits, including postal savings
511 912 83
694 127 66
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
165 790 04
All other liabilities
487 002 00
1 478 104 30
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)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
204075
199,302
199,302
96%
5549 285
194336
199,336
35.9%
760,360
3989638
398s638
52.4
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
•
Yes
or agriculture?
If so, state what industry or type of agriculture
Cot ton
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
General decline in value of as5ots
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
13. Z9 30
Amount Collected 487,056.57
•
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
EX State bank
0 Trust company
0 Stock savings bank
South Carolina
0 Mutual savings bank
0 Private bank
1. Name of bank
Bank of Swansea
Town or City
12 11 07
2. Date organized
3. Federal reserve district
7830
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 Lexington
Population of town or city*
Date suspended
5th
Swansea
690
No
July
6. Condition figures, as of (date*)
8, 1930
Loans and discounts:
On real estate
53 208 15
Other
38 007 80
91 215 95
Total loans and discounts
Real estate acquired in satisfaction of debts
49 751 29
Investments
19 842 34
All other resources
22 892 20
183 701 78
Total resources
50 000 00
Capital
13 062 81
Surplus and undivided profits
Deposits:
393 03
Due to banks**
Demand deposits, including U. S. Govt. deposits
72 077 80
Time deposits, including postal savings
38 158 06
110 628 89
Total deposits
Borrowings from F. R. bank
10 000 00
Borrowings from other banks
10 08
All other liabilities
183 701 78
Total liabilities
7. Has this bank been reopened?
IT°
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
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. . . .
25,000
10,000
10,000
40%
Preferred claims.. .
General claims. . . .
89 228
1/1-4•91/LiL
Total claims. . .. 114,228
109000
•10. Has this bank been finally liquidated?
Date liquidation was completed
10,000
8.7%
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
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?
(Rwa of a few days)
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
Not ye t
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
• 69
11] National bank
Name of State
r2 State bank
LI Trust company
E] Stock savings bank
South Carolina
[1] Mutual savings bank
El Private bank
•
Peoples Bank
1. Name of bank__
2. Date organized
8 12 19
3. Federal reserve district
Town or City
Date suspended
12 23 24
5tb.
Swansea
Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
Nom
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 Lexington
690
No
6. Condition figures, as of (date*)
Dec. 2.3, 1924
Loans and discounts:
Note listed
On real estate
Other
38 659 09
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
24 336 73
All other resources
62 995 82
Total resources
45 175 00
Capital
1 102 83
Surplus and undivided profits
Deposits:
485 15
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
13 000 27
3 232 57
16 717 99
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
62 995 82
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:
• 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
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . . .
367
367
367
8,273
3 154
._It
.
General claims.
3II154
385
3,521
40.7%
;,... • .,
Preferred claims...
Total claims. . . .
81640
3,52].
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
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 20-21
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
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
supervisory
authorities or by the bank's board of directors on account of financial difficulties. This
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
OQ
• National bank
g
Name of State
State bank
El Trust company
El Stock savings bank
[11
Mutual savings bank
South Carolina
▪ Private bank
•
1. Name of bank
2. Date organized
Bank of Tatum
7 28 19
3. Federal reserve district
Town or City
Date suspended
Aug 1922
5th
Tatum
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
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
ZOO
Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
arlbor0
County
No
6. Condition figures, as of (date*)
Jan. i7, 1922
Loans and discounts:
Not available
On real estate
Other
99 254 14
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
8 850 74
All other resources
108 104 88
Total resources
10 000 00
Capital
7 709 85
Surplus and undivided profits
Deposits:
3 910 39
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
12. 086 85
40 149 47
56 146 71
Total deposits
Borrowings from F. R. bank
34 233 86 •
Borrowings from other banks
14 46
All other liabilities
108 104 88
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?
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
_
Secured claims. . .
Preferred claims.
13 Offsets
General claims. .
Total claims
34,233
34,233
34,233
68,175
6,817
6,817
102,408
41,050
41,050
100%
10 %
or
40/0
Part of secured claims pati by directors who endorsed, unable to ;get accurate ftgares.
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
X
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Hamer and Spears
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
Yes
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
1923-24
Amount Collected 08,000/00
•
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
a
National bank
Name of State
State bank
Ej Trust company
El Stock savings bank
El
South Carolina
Mutual savings bank
El Private bank
•
Citizens Bank
1. Name of bank_
2. Date organized
10 14 13
3. Federal reserve district
Date suspended
5th
Town or City Taylors
1 24 30 Population of town or city*
Greenville
301
Member or nonmember of F. R. System__ N°
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
County
6. Condition figures, as of (date*)
June 23, 1930
Loans and discounts:
On real estate
23 700 93
Other
23 219 80
46,920 73
Total loans and discounts
25 500 82
Real estate acquired in satisfaction of debts
4 403 00
Investments
13 558 45
All other resources
90 383 00
Total resources
10 000 00
Capital
1 222,81
Surplus and undivided profits
Deposits:
3 /46 03
Due to banks**
Demand deposits, including U. S. Govt. deposits
49 919 85
Time deposits, including postal savings
22 814 51
75 880 39
Total deposits
Borrowings from F. R. bank
3 000 00
Borrowings from other banks
272 80
All other liabilities
90 383 00
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
Claims allowed
Secured claims... .
3,000
Payments from
guaranty fund
3,000
Total payments
39000
Per cent of payments
to claims allowed
100%
Preferred claims...
General claims. ...
Total claims. . . .
75,880
.
78,880
3,000
10. Has this bank been finally liquidated?
3*000
i'
/ 3.09%
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 judoient, laxity in collections,
lack of enterprise, etc
(Small)
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 suspenLast four years
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
May 8, 1930
04,450.00
•
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
169
El National bank
51. State bank
ID Trust company
Name of State
1:1 Stock savings bank
South Carolina
D Mutual savings bank
O Private bank
•
1. Name of ban
Bank of Timmonsville
2. Date organized 1 24 91
3. Federal reserve district
Date suspended
5th
Town or CIty
11 5 28
T i. ramonsville
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 Florence
1,860
No
6. Condition figures, as of (date*)
:November, 3, 1928
Loans and discounts:
On real estate
128 681 04
Other
134 864 83
263 545 87
Total loans and discounts
(N
\f)
")--
Real estate acquired in satisfaction of debts
Investments
5 256 09
2 885 00
45 216 91.
All other resources
316 903 87
Total resources
Capital
50 000 00
Surplus and undivided profits
13 627 92
Deposits:
2 531. 70
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
93 2/6 53
126 365 94
222 174 17
Total deposits
Borrowings from F. R. bank
30 000 00
Borrowings from other banks
1 101 78
All other liabilities
316 903
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
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
_
Secured claims.
Preferred claims
General claims
..
Total claims....
42,000
42,000
42,000
100%
966
966
966
100%
199,285
None
242
- P 251
42,966
•10. Has this bank been finally liquidated?
Date liquidation was completed
None
420966
7
11 ,
17.3%
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
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
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
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 — IVO
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 suspenassets and liabilities of neighboring
sion? Preceding year when bank -took over
bank.
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 1928
Amount Collectdd #7,200.00
•
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
111
National bank
Name of State
a State bank
LI
LII
LI
[3
Trust company
Stock savings bank
South Carolina
Mutual savings bank
Private bank
•
Bank of Townville
1. Name of bank__
2. Date organized
2/5/06
3. Federal reserve district
Date suspended
Town or City Townville
07,3
4A7/33
5
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**
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
Anderson
200
NO
6. Condition figures, as of (date*)
Mor.
27- 23,
Loans and discounts:
8 375 00
On real estate
98 821 52
Other
$ 107 196 52
Total loans and discounts
Real estate acquired in satisfaction of debts
100 00
Investments
29 355 15
All other resources
136 651 67
Total resources
Capital
19 400 00
Surplus and undivided profits
23. 718 Oa/
Deposits:
309 12
Due to banks**
Demand deposits, including U. S. Govt. deposits
27 633 49
Time deposits, including postal savings
25 486 87
$
Total deposits
53 429 48
Borrowings from F. R. bank
42 104 17
Borrowings from other banks
All other liabilities
136 651 67
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
Tee
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Secured claims...
42,b04
Preferred claims.. .
General claims. . . .
Total claims.. .
Dividends paid from
collections
(Figures
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
9,391
18%
Total payments
Per cent of payments
to claims allowed
ot availablqj
— --;
5 232
—
9,391
—
•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
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)....Officeta
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
Ye a
If so, give dates and amounts of all assessments
10/15/23
$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
El National bank
Name of State
in State bank
O Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
Bark of Trio
or City
1. Name of bank BanTown
2. Date organized
9 5 18
3. Federal reserve district
Date suspended
5th
1 3 25
i111amsbuzg
Population of town or city* 150
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
110
* 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 no-member of F. R. System
4. Number of branches operated: In city of parent bank_
•
Trio
6. Condition figures, as of (date*)
3 25
Loans and discounts:
On real estate
14 523 86
Other
29 256 06
43 779 92
Total loans and discounts
150 00
Real estate acquired in satisfaction of debts
Investments
1'7 702 11
All other resources
61 632 03
Total resources
30 000 00
Capital
439 49
Surplus and undivided profits
Deposits:
1 370 55
Due to banks**
Demand deposits, including U. S. Govt. deposits
7 219 36
Time deposits, including postal savings
6 427 65
15 017 56
Total deposits
Borrowings from F. R. bank
11 152 00
Borrowings from other banks
5 022 98
All other liabilities
61 632 03
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?
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. . . . No dividends — 110 figures can. be given ue to the fact that x_e_cards.
mysterious y disappeared. Ihis office as been unable to locate th em.
IL.,„ ..
. sible property left is
Preferred claims
'
the B4,nking House a.111--Furniture Fixtures.
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
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
Cot ton
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
[I] National bank
a
Name of State
State bank
LI Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank
Bank of Trgry
2. Date organized 10 19 06
3. Federal reserve district
Date suspended
2 19 23
5th
Population of town or city*
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
Greenwood
County
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
•
Troy
Town or City
1,125
NO
Doo. 2,9, 1924
6. Condition figures, as of (date*)
Loans and discounts:
Not availavle
On real estate
Other
138 784 24
Total loans and discounts
Real estate acquired in satisfaction of debts
r,4 \
Investments
6 327 79
All other resources
135 212 03
Total resources
25 000 00
Capital
6 683 27
Surplus and undivided profits
Deposits:
196 84
Due to banks**
Demand deposits, including U. S. Govt. deposits
23. 891 63
Tune deposits, including postal savings
20 643 09
42 731 56
Total deposits
Borrowings from F. R. bank
60 643 20
Borrowings from other banks
54 00
All other liabilities
135 112 03
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
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
_
60,643
36,385
40,208
none
Secured claims.
36,385
60%
Preferred claims
General claims
100,851
Total claims
10.
36,385
Has this bank been finally liquidated?
Date liquidation was completed
36%
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
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 of 1920
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
Suit was brought but not enough realized to pay amy dividend.
formation we can get is that about $800.00 was collected.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Best in—
•
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
National bank
Name of State
• State bank
[1 Trust company
El Stock savings bank
El
South Carolina
Mutual savings bank
• Private bank
•
1. Name of bank Bank of Tarberi1le
2. Date organized
1 2 11
3. Federal reserve district
Town or City
Date suspended 2 13 23
5th
4. Number of branches operated: In city of parent bank
Turbevilla
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
* 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_faarendOn_
150
lb
_
6. Condition figures, as of (date)
Loans and discounts:
6 347 80
On real estate
Other
32 620 68
38 968 48
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
8 600 76
All other resources
47 569 24
Total resources
12 500 00
Capital
1 585 30
Surplus and undivided profits
Deposits:
Due to banks**
1 933 66
Demand deposits, including U. S. Govt. deposits
8 326 27
Time deposits, including postal savings
1 276 03
11 535 96
Total deposits
Borrowings from F. R. bank
21 947 98
Borrowings from other banks
All other liabilities
47 569 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
•
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
_
Secured claims. . . .
Preferred claims...
21,947
Figares
None
t available
?
None
General claims. . .. 10,171
1,424
1,424
14%
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
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?
II
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?
1920 (Deflation) — Boll weevil
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
1925 — amount $2 460 52
•
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
Et State bank
O Trust company
LI Stock savings bank
South Carolina
0 Mutual savings bank
O Private bank
•
Trust
1. Name of bank Citizens Bank aid
2. Date organized
5 5 26
3. Federal reserve district
Co.
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City Union
1i8/28
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
* 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
6 141
,
No
6. Condition figures, as of (date*)
Jan. 17, 1928
Loans and discounts:
On real estate
176 456 08
Other
478 988 93
655 445 01
Total loans and discounts
(,)
Real estate acquired in satisfaction of debts
Investments
28 243 86
All other resources
68 629 84
752 318 71
Total resources
100 000 00
Capital
4 565 31.
Surplus and undivided profits
Deposits:
6 782 96
Due to banks**
Demand deposits, including U. S. Govt. deposits
303 902 35
Time deposits, including postal savings
270 788 93
581 474 24
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
38 699 79
All other liabilities
27 579 37
752 318 71
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
Per cent of payments
to claims allowed
64,391
64,391
100%
532,430
147,356
147,356
*Y111X%
596,
821
211,747
211,747
64,391
Secured claims
Payments from
guaranty fund
Total payments
Claims allowed
None
Preferred claims
General claims
Total claims. . ..
•10. Has this bank been finally liquidated?
Date liquidation was completed
35.4%
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? About two years previous (1926). Bank was organized to take over two
banks which were about to close and cansequmtly started with slam and
doubtful paper of too large proportions.
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
May
If so, give dates and amounts of all assessments
1929
Amaant Collected $18,962.55
•
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
g
Name of State
State bank
El Trust company
Li Stock savings bank
[11
South Carolina
lutual savings bank
O Private bank
•
1. Name of ban
2. Date organized
Planteri and Merchants Bank
11 1 07
3. Federal reserve district
Date suspended
5th
Town or City Varnville
7 12 26
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 Hampton
1.160
No
July 1, 1926
6. Condition figures, as of (date*)
Loans and discounts:
34 583 04
On real estate
127 704 09
Other
162 287 13
Total loans and discounts
„ 9 400 00
Real estate acquired in satisfaction of debts
200 00
Investments
15 464 53
All other resources
187 351 66
Total resources
15 000 00
Capital
1 918 99
Surplus and undivided profits
Deposits:
1 714 28
Due to banks**
Demand deposits, including U. S. Govt. deposits
69 657 72
Time deposits, including postal savings
56 560 67
127 932 67
Total deposits
Borrowings from F. R. bank
42 500 00
Borrowings from other banks
All other liabilities
187 351 66
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
Secured claims. . . .
Preferred claims...
Total payments
Per cent of payments
to claims allowed
42,500
42,500
42,500
100%
1,643
1,
643
1,643
100%
127,932
39,418
39,418
30.8%
172,075
83,561
83g 561
48.5%
General claims. ...
Total claims. ...
Payments from
guaranty fund
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
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)
Beaufott Bank
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
Yes
If so, give dates and amounts of all assessments
May 19Z9
Amount Collected $6,000.00
•
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
▪ State bank
O Trust company
11 Stock savings bank
El Mutual savings bank
South Carolina
El Private bank
•
Enterprise Bank
1. Name of bank__
2. Date organized
4810
Town or City
Date suspended
l28 M
Walhalla
County Oconee
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
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
2,068
No
6. Condition figures, as of (date*) December 7, 1926
Loans and discounts:
20 318 25
On real estate
127 230 09
Other
147 548 34
Total loans and discounts
18 905 75
Real estate acquired in satisfaction of debts
35 00
Investments
26 793 03
All other resources
193 282 12
Total resources
Capital
20 000 00
Surplus and undivided profits
22 954 68
Deposits:
649 80
Due to banks**
Demand deposits, including U. S. Govt. deposits
46 189 00
Time deposits, including postal savings
88 488 64
135 327 44
Total deposits
Borrowings from F. R. bank
15 000 00
Borrowings from other banks
All other liabilities
193 282 12
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)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. ..
15,000
15,000
15,000
137,219
___L3_6,
_..._296
86,296
152,219
41,296
101,296
100%
Preferred claims
General claims
Total claims....
10. Has this bank been finally liquidated?
Date liquidation was completed
66.5%
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
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) Hetrick Hosiery Mills
Hetrick and. R T Jaynes
Other causes, (specify)
X
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
No date
Amount 4149050.23
•
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
supervisory
authorities or by the bank's board of directors on account of financial difficulties. This
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
206
National bank
Name of State
ji] State bank
[l] Trust company
LI Stock savings bank
LI Mutual savings bank
South C.aro1ina
Private bank
•
Town or City 14';alterboro
1. Name of bank_C_olletori_L'efiniri-ng C
2. Date organized
6128/.05
3. Federal reserve district
Date suspended Nov_ZD, 30
Population of town or city*
Member or nonmember of F R System
5
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 Col leton_
k
No
6. Condition figures, as of (date*)
Dec 51 1930
Loans and discounts:
$
On real estate
102 423 87
342 060 62
Other
$
Total loans and discounts
444 484 49
Real estate acquired in satisfaction of debts
45 906 96
Investments
40 324 00
75 937 37
All other resources
606 652 82
Total resources
100 000 00
Capital
52 597 47
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
12 393 90
103 640 31
294 021 14
$
Total deposits
410 055 35
Borrowings from F. R. bank
44 000 00
Borrowings from other banks
All other liabilities
60C 652 82
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
f so give payments to date:
9. Is this bank still in process of liquidation?
(A
Claims allowed
unts in dollars)
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)
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?
Ye s
If so, state what industry or type of agriculture
Cotton (R E )
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
Ea State bank
O Trust company
O Stock savings bank
O
1
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank_
2. Date organized
Textile Bank
12 18 19
3. Federal reserve district
Town or City West Gre envi1ltounty Gre en ville
Date suspended
5th
1 20 26
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank__
•
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
869
No
July 18, 1926
6. Condition figures, as of (date*)
Loans and discounts:
None listed
On real estate
Other
31 179 50
Total loans and discounts
14 2
Real estate acquired in satisfaction of debts
(')
Investments
71
1 .450 00
16 373 56
All other resources
63 132 77
Total resources
15 000 00
Capital
1 674 32
Surplus and undivided profits
Deposits:
956 91
Due to banks**
Demand deposits, including U. S. Govt. deposits
17 696 60
Time deposits, including postal savings
14 953 37
33 606 88
Total deposits
Borrowings from F. R. bank
12 638 37
Borrowings from other banks
ZL3 20
All other liabilities
63 132 77
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
—
Secured claims
12,638
12,639
12,638
30,600
1,836
1,836
238
43,,
14 474
14,474
100 %
Preferred claims
General claims.. . .
Total. claims....
•10. Has this bank been finally liquidated?
Date liquidation was completed
6%
3.3%
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, (specifS7)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
IP
110
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
.i.y 26
$1,550.00
•
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
I
0 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
Westminster Loam. & Tru.st Co.
Town or City Westminster
County
Oconee
I 7,—/ 2. Date organized May 9,1912
Date suspended
-4ao3=211
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
1,84?
No
6. Condition figures, as of (date*)
Deo• 12, 1926
Loans and discounts:
On real estate
21 509 74
Other
185 025 50
206 534 24
Total loans and discounts
1 500 00
Real estate acquired in satisfaction of debts
(P'36
Investments
556 92
44 509 13
All other resources
253 100 29
Total resources
Capital
20 000 00
Surplus and undivided profits
27 446 99
Deposits:
225 92
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
68 426 01
137 001 37
205 653 30
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
253 100 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
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
_
Secured claims. ...
None
—
Preferred claims. . .
205,652—
General claims.
145,581
145581
9
7068
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:
Claims allowed
Secured
claims
Preferred claims.. .
General claims. .
Total claims.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
(Amounts in dollars)
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. T Jaynes
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 suspen1925
sion?
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
1926
If so, give dates and amounts of all assessments
Amount 0154300.00
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
9
•
O National bank
a
Name of State
State bank
0 Trust company
O Stock savings bank
South Carolina
O Mutual savings bank
O Private bank
•
Bank of Windsor
1. Name of bank_
2. Date organized
8 22 19
3. Federal reserve district
Town or City
Date suspended
5th
Population of town or city*
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 Aiken
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank
•
10 9 26
Wiudsor
103
NO
ttai
6. Condition figures, as of (date*)
Oct. 9, 1926
Loans and discounts:
36 090 86
On real estate
9 119 50
Other
45 210 36
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
15 263 41
All other resources
60 473 77
Total resources
21 000 00
Capital
1 403 54
Surplus and undivided profits
Deposits:
142 75
Due to banks**
Demand deposits, including U. S. Govt. deposits
30 527 48
Time deposits, including postal savings
30 670 23
Total deposits
Borrowings from F. R. bank
7 400 00
Borrowings from other banks
All other liabilities
60 473 77
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
_
Secured claims. . . .
7,
400
7,
400
7,400
100%
27,
910
4,186
4,186
15%
35,310
11,586
11,586
Preferred claims.. .
General claims
Total claims. . ..
32.8%
0 k(
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
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?
4110
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 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
1922
Amount Collected 43
4 050.00
•
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
I
Name of State
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
3 18 19
3. Federal reserve district
Date suspended
5th
Town or City
5 23 25
Wooff
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
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 Spartanburg
2,396
NO
6. Condition figures, as of (date*)
Apr• 29, 1925
Loans and discounts:
3 000 00
On real estate
194 094 96
Other
207 094 96
Total loans and discounts
4 627 25
Real estate acquired in satisfaction of debts
Investments
22 492 52
All other resources
234 214 73
Total resources
Capital
54 850 00
Surplus and undivided profits
15 305 80
Deposits:
1 573 98
Due to banks**
Demand deposits, including U. S. Govt. deposits
72 946 83
Time deposits, including postal savings
59 452 62
133 973 43
Total deposits
Borrowings from F. R. bank
30 000 00
Borrowings from other banks
85 50
All other liabilities
234 214 73
Total liabilities
7. I-las 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
b. 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
Ye
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
_
30,000
30,000
30,
000
500
500
500
125,493
110,864
110,864
88.3%
155,993
144364
141,364
90.6%
Secured claims. . .
Preferred claims...
General claims....
Total claims....
100 %
100%
t.)
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?
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 $33 390.00
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
192
O National bank
[Al State bank
Name of State
El Trust company
O Stock savings bank
O
South Carolina
Mutual savings bank
O Private bank
•
1. Name of bank
2. Date organized
Bank of \Ito odville
10 12 18
3. Federal reserve district
Date suspended
5th
Town or City Woodville
1 24 30
Population of town or city*.._42_
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 Greenville
No
'Dane Z3, 1930
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
10 402 23
Other
23 887 26
34 299 49
Total loans and discounts
Real estate acquired in satisfaction of debts
518 40
Investments
13 146 08
All other resources
47 953 97
Total resources
10 000 00
Capital
2 546 60
Surplus and undivided profits
Deposits:
230 46
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
30 946 63
2 886 66
34 081 75
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
1 325 62
All other liabilities
47 953 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)
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. . . .
31,000
17,980
17,980
58%
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
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 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
Depositors guaranteed — Board will liquidate in full
•
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
DI State bank
• Trust company
El Stock savings bank
111
South Carolina
Mutual savings bank
LI Private bank
1. Name of bank
2. Date organized
Bank of Yamassee
8/21/12
3. Federal reserve district
Town or City
Date suspended 7/12/26
5tb.
Yemeesee
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
Beaufort
Population of town or city* 323
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
•
County
0
6. Condition figures, as of (date*)
7/10/1926
Loans and discounts:
$ 18 063 88
On real estate
29 954 33
Other
48 018 21
Total loans and discounts
Real estate acquired in satisfaction of debts
"
Investments
9 160 00
33 537 43
All other resources
90 715 64
Total resources
7 250 00
Capital
10 177 32
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
7 791 40
40 089 63
25 407 29
73 288 32
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
90 715 64
Total liabilities
7. Has this bank been reopened?
Date of reopening
Yes
9/9/26
Name under which reopened
Loss to depositors on:
If so give:
Bank of Yemassee
Amount of loss
Per cent of loss
to claims
Secured claims Bank was reopened with agreement of Depositors to accept 50%
of their deposits. The other 50% was frozen or rather given
Preferred claimsrith the understand/n8 t.hat_if bank earnings were Bufficient
in tufty, they would be paid in full.
General claims
-r) 7a
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.
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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
Secured
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
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.
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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
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?
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?
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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
Name of State
• State bank
111
136
National bank
Trust company
South Carolina
0 Stock savings bank
0 Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Peoples Bank an.
d Trust Co.
2 21 19
3. Federal reserve district
Date suspended
5th
4. Number of branches operated: In city of parent bank
Town or City
2927
York
Nola
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.
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Federal Reserve Bank of St. Louis
2,731
Population of town or city*
Member or nonmember of F. R. System
Outside city of parent bank**
York
C
County
NO
Feb. 8, 1927
6. Condition figures, as of (date*)
Loans and discounts:
$
On real estate
92 145 86
421 423 42
Other
513 569 28
Total loans and discounts
A.,\ 37 944 96
Real estate acquired in satisfaction of debts
Investments
20 450 00
All other resources
84 149 68
656 113 92
Total resources
105 000 00
Capital
13 328 23
Surplus and undivided profits
Deposits:
1 535 71
Due to banks**
Demand deposits, including U. S. Govt. deposits
185 462 19
Time deposits, including postal savings
251 732 26
428 730 16
Total deposits
Borrowings from F. R. bank
90 000 00
Borrowings from other banks
39 055 53
All other liabilities
656 113 92
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.
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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
90,000
90,000
90,000
100%
General claims. . . . 406-9988
3451940
345,940
85%
Total claims.. . . 496_t_988
435,940
435,940
87,9%
-, ,
Secured claims.
Preferred 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.
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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?
One week prior
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
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Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
Oulthujders assessed 1929
Amount Collected 495,000.00_
•
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Federal Reserve Bank of St. Louis
@FedFRASER