Peoples Bank (Chapel Hill)

In the chronology

1. 1905 The Peoples Bank is organized The Peoples Bank was organized in Chapel Hill. By 1911 it was in a building just east of W. B. Sorrell's shop on East Franklin Street, which may or may not have been its first home. Bernard Lee Bryant Jr., Occupants and Structures of Franklin Street, Chapel Hill (1998; Chapel Hill Historical Society, 1999), scan p. 197
2. by January 1915 Lueco Lloyd serves as first vice-president of the Peoples Bank of Chapel Hill The Peoples Bank's notices in the News listed Lueco Lloyd as first vice-president under president E. V. Howell, with R. H. Ward second vice-president and C. B. Griffin cashier. He had been one of the bank's directors by 1912. People: E. V. (Edward Vernon) Howell, Ralph H. Ward, C. B. Griffin DigitalNC: The News (Chapel Hill), January 14, 1915, p. 6
3. Begun October 1915 W. S. Roberson builds a two-store brick building west of the Bank of Chapel Hill In October 1915 the lot next to the Bank of Chapel Hill was being cleared for Roberson's large two-story brick building, to go up at once, and by December 1916 attorney Alex H. Koonce was advertising an office in the 'New Roberson Building.' Bryant's history has it nearing completion by 1918. The building held two stores; in the early 1920s the Peoples Bank took the western half and the Lowe brothers' Chapel Hill Hardware the eastern. People: W. S. Roberson Bernard Lee Bryant Jr., Occupants and Structures of Franklin Street, Chapel Hill (1998; Chapel Hill Historical Society, 1999), scan p. 209 · Also: The News (Chapel Hill), October 14, 1915, p. 1; The News (Chapel Hill), December 14, 1916, p. 4
4. by November 1, 1917 The Peoples Bank of Chapel Hill buys half of a new brick building The Peoples Bank bought half of the large new brick building next door to the Chapel Hill Hardware Company, to be fitted up as its own home, and had recently doubled its capital stock. Its November 5 statement showed $10,000 capital and resources of $124,806.54. The News (Chapel Hill), November 1, 1917, p. 1
5. by August 18, 1921 The Peoples Bank puts up an illuminated town clock with Westminster chimes The Peoples Bank of Chapel Hill put up an electric illuminated clock on the front of its building, two-faced, 7 feet high and lettered with the bank's name, kept in time by a master clock in the banking room. Its tubular bells rang the Westminster chimes every quarter hour; the bank bought it from the O. B. McClintock Company of Minneapolis. The News (Chapel Hill), August 18, 1921, p. 1
6. 1925 The Bank of Chapel Hill buys the Peoples Bank Chapel Hill's second bank, the Peoples Bank, ran from about 1912 under presidents Vernon Howell and J. D. Webb. The Bank of Chapel Hill bought its assets in 1925. People: Junius D. Webb Lefler and Wager, Orange County, 1752-1952 (1953), p. 274 · Also: Chapel Hill Weekly, August 14, 1925, p. 1; Chapel Hill Weekly, November 20, 1925, p. 4
7. January 14 and 15, 1925 Peoples Bank officers cover a shortage overnight and open on time On the night of January 14, 1925, after the death that morning of assistant cashier Ralph Andrews, a shortage was found in the books of the Peoples Bank in Chapel Hill. President Vernon Howell pledged his own property and with W. S. Roberson borrowed the missing sum from the First National Bank of Durham before breakfast, so the bank opened as usual the next morning; the state bank examiner then posted a notice that the shortage had been made good and the bank was solvent. People: E. V. (Edward Vernon) Howell, W. S. Roberson The Chapel Hill Weekly, January 22, 1925, p. 1
8. May 9, 1925 Ten veterans of Ashe Camp keep Confederate Memorial Day in Chapel Hill The Ashe Camp of Confederate Veterans held its memorial day on May 9, 1925, with a business meeting at the Peoples Bank, the decoration of soldiers' graves in the cemetery by school children with flowers and flags, an address by Collier Cobb in Gerrard Hall, and a luncheon given by the Daughters of the Confederacy. Ten veterans answered the roll, the oldest J. S. Pendergraft at 95. People: Collier Cobb The Chapel Hill Weekly, May 14, 1925, p. 1
9. December 28, 1927 Receivers auction the property of the Chapel Hill Insurance and Realty Company The receivers of the bankrupt Chapel Hill Insurance and Realty Company auctioned its Chapel Hill and Carrboro properties in front of the post office. Lots on the old Guthrie place went to T. C. Atwood and Moody Durham, the Daniel house to Arthur London and James Griffin of Pittsboro, the Coop to Miles Andrews of Carrboro, and the Peoples Bank building to Lueco Lloyd for $23,000. People: W. S. Roberson, Lueco Lloyd, Isaac W. Pritchard, Moody W. Durham, Milton E. Hogan The Chapel Hill Weekly, April 6, 1928, p. 1
10. May 23, 1928 Mayor Council hears charges against drugstores under the Sunday closing law On May 23, 1928, Mayor Zeb Council, sitting as magistrate in the Peoples Bank building, heard charges that Chapel Hill drugstores sold cigarettes during church hours against the town's Sunday law, after one druggist sent an employee to buy from his rivals. The mayor dismissed the first charge, dropped the rest, and urged all merchants to obey, promising police enforcement. People: Henry A. Whitfield, Zeb P. Council The Chapel Hill Weekly, May 25, 1928, p. 1

Open these in the chronology →