Peoples Bank Building

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Peoples Bank Building
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Location242 S. Queen St., Kinston, North Carolina
Coordinates 35°15′27″N77°34′51″W / 35.25750°N 77.58083°W / 35.25750; -77.58083 Coordinates: 35°15′27″N77°34′51″W / 35.25750°N 77.58083°W / 35.25750; -77.58083
Area0.1 acres (0.040 ha)
Builtc. 1923 (1923)
Architectural styleClassical Revival
MPS Kinston MPS
NRHP reference # 89001774 [1]
Added to NRHPNovember 8, 1998

Peoples Bank Building is a historic bank building located at Kinston, Lenoir County, North Carolina. It was built about 1923, and is a modest two-story, cinder block building, sheathed in brick and in the Classical Revival style. It has a flat roof with raised parapet ornamented by brick panels outlined in limestone. The front facade features a large arched opening with a stone surround. The building housed one of only two African-American-owned banks to operate in the city of Kinston. The bank ceased to operate in 1931, and the building has housed a number of commercial enterprises. [2]

Bank financial institution

A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Kinston, North Carolina City

Kinston is a city in Lenoir County, North Carolina with a population of 21,677 as of the 2010 Census. It has been the county seat of Lenoir County since its formation in 1791. Kinston is located in the coastal plains region of Eastern North Carolina.

Lenoir County, North Carolina U.S. county in North Carolina, United States

Lenoir County is a county in the U.S. state of North Carolina. As of the 2010 Census, the population was 59,495. Its county seat is Kinston, located on the Neuse River, across which the county has its territory.

It was listed on the National Register of Historic Places in 1989. [1]

National Register of Historic Places Federal list of historic sites in the United States

The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance. A property listed in the National Register, or located within a National Register Historic District, may qualify for tax incentives derived from the total value of expenses incurred in preserving the property.

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References

  1. 1 2 "National Register Information System". National Register of Historic Places . National Park Service. 2010-07-09.
  2. Allison H. Black (June 1989). "Peoples Bank Building" (pdf). National Register of Historic Places - Nomination and Inventory. North Carolina State Historic Preservation Office. Retrieved 2015-01-01.