“The stock market crash in 1929 was met with a run on banks by depositors who wanted to pull their money out because they didn’t trust that it would be there later. In response, President Franklin Roosevelt, just two days after taking office, ordered all banks across the country to close for three days to allow the public’s mood to calm down. Off the beaten track, East Carolina Bank [also known as the Bank of Engelhard] remained open because bank officials didn’t receive the order until after banks were reopened….”
— From “The bank of Engelhard finally closes its doors” by Sandy Semans Ross in the Outer Banks Voice (May 25)
Details on North Carolina’s banks that did close.