BANK OF EFLAND

BANK OF EFLAND

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Efland
NC
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  • Sun, 01/15/2023 - 4:32pm by SteveR

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,
Efland
NC
Construction type: 
Neighborhood: 
Type: 
Use: 

 

The Bank of Efland was chartered in 1920, and organized on September 8, 1920. It opened for business on December 1, 1920.
 
Its president was John L. Efland, and its cashier was Roberts Riley.
 
1930
 
Efland baseball team, circa 1924 (image courtesy of Joe Dunn and The Upper Eno Heritage Group)
 
View north west, with bank building at far left. Circa 1920(?)  (image courtesy of Joe Dunn and The Upper Eno Heritage Group)
 
 
There were three armed robberies of this bank; one in December 1925, and one on November 1, 1930. (other one?)
 
From the December 17, 1925 Alamance Gleaner
 
 
The 1930 attempted bank robbery was described in a newspaper:
 
"In an unsuccessful attempt to rob the Bank of Efland at 10:30 this morning, one robber was killed in a fight with Mr. Carl Forrest, a merchant, and another escaped in a Buick roadster in which he sat in front of the bank. The dead man has been identified as Bruce Carpenter about 26, of Durham. Papers found on him bore this name and address. Efforts were being made this afternoon to make the identification positive. Frustration of the robbery was directly due to an alarm given by Mrs. George Shambley, who started to the bank while the job was in progress. Just as she started to enter the door in the car said to her: 'Lady, you can't go In there now. We're attending to some business in there.' Sensing trouble Mrs. Shambley, instead of standing by the yellow coupe of the ????, went Into the store of Mr. Forrest and said to him: 'Something is wrong over at the bank.' Mr. Forrest remembered that he had loaded a new double-barreled shotgun to shoot a hawk. It was lying nearby. He picked It up and went out toward the bank, about 50 yards away. Mr. Forrest was commanded to halt by the man in the car. He saw in his hands what appeared to be a rifle..."
(From The Elkin Tribune. Elkin, N.C. November 06, 1930)
 
 
 
Bruce Carpenter's 1930 death certificate
 
 
Here's another newspaper account of the robbery and its aftermath: newspapers.com/clip/99819660/bruce-carpenter-robber-and-former
 
Roberts Riley was accused of embezzlement soon after the robbery attempt, when $40,000 was found to be missing.
 
 
From the November 13, 1930 Alamance Gleaner
 
 
The bank "became insolvent" in 1932 (during the Depression) and its assets were liquidated.

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