The Bank of Thomasville, closed by order of State Bank Examiner Clarence Latham, was the victim of over-extension of credit and inability to liquidate so rapidly as the deposits shrank, according to Mr. Latham. The bank was opened in 1899. Its cashier is Sol Griffith. It has no president. It will be able to pay its depositors, the corporation commission thinks. There is no charge of official wrong-doing or carelessness.
From the Zebulon News, as reprinted in The Smithfield Herald, Sept. 9, 1921
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