Ah, Wachovia.
From your modest beginnings, you became rich and famous…
…and then only famous…
…and now….
Exploring the History, Literature, and Culture of the Tar Heel State
Ah, Wachovia.
From your modest beginnings, you became rich and famous…
…and then only famous…
…and now….
On this day in 1930: Fay Gardner, wife of Gov. O. Max Gardner writes in her diary about the worsening Depression: “A run made today on Commercial Bank here in Raleigh, also on the 1st National at Gastonia. Everybody losing confidence and becoming panic-stricken.”
The next day’s entry notes that “eleven banks closed their doors today.”
Before the year is out, 93 banks across the state will have gone under.