First National Bank (Huntsville, TN)

View Charter #10192 on SPMC View balance sheet

Episode Information

Episode UID
1019201598
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
101920 national
Charter Number
10192
Start Date
February 9, 1933
Location
Huntsville, Tennessee (36.411, -84.495)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
708589c4042d1e08

Response Measures

None

Receivership Details

Depositor recovery rate
58.7%
Date receivership started
1933-02-09
Date receivership terminated
1935-05-28
Share of assets assessed as good
32.7%
Share of assets assessed as doubtful
52.1%
Share of assets assessed as worthless
15.1%

Description

Articles state the bank was closed and placed in receivership on Feb 9, 1933.

Events (3)
1. May 9, 1912 Chartered
Source
historical_nic
2. February 9, 1933 Receivership
Source
historical_nic
3. February 9, 1933 Receivership
Newspaper Excerpt
The First National Bank of Huntsville, Tenn., was placed in receivership on February 9, 1933
Source
newspapers

Newspaper Articles (4)
1. June 15, 1933 The Knoxville News-Sentinel Knoxville, TN

Article Text

BANK RECEIVER SUES Asks Payment of Assessments by Huntsville Men. B. L. Newman, receiver for the closed First National Bank of Huntsville, has filed suit in Fed- MUM eral Court here against D. B. Walker and George McHatfield of Scott County, stockholders of the bank. for payment of their assessments Both Mr. Walker and Mr. McHatfield are alleged to have owned five $100 shares each in the bank. 50c Size In addition Receiver Newman has filed suit against Mr. Walker to collection of two notes, one for PHILLIPS' $400 and one for $334.90.

2. June 22, 1935 Richmond Daily Register Richmond, KY

Article Text

J. F. O'Conner has announced that during the month of May, 1934, 14 insolvent national banks were liquidated, the receiverships thereof being financially closed, making a total of 65 receiverships finally closed or restored to solvency since his last annual report to congress compiled as of October 31, 1934. The First National Bank of Havensville, Kan., was placed in receivership on October 11, 1933, and all depositors and other creditors were paid 100 per cent principal with interest in full at the legal rate amounting to an additional dividend of 6.1857 per cent. Total payments to creditors, including offsets allowed, aggregated $62,006 and the stockholders received $754 together with the assets remaining uncollected. The Montgomery County National Bank of Cherryvale, Kan., was placed in receivership on May 7, 1931, and disbursements, including offsets allowed, to depositors and other creditors aggregated $153,358, which represented 67.2 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 14.63 per cent of their claims. The Commercial National Bank of Independence, Kan., was placed in receivership on March 14, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $4,488,385, which represented 84.4 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 76.41115 per cent of their claims. The Billings National Bank of Billings, Okla., was placed in receivership on October 17, 1930, and disbursements, including offsets allowed, to depositors and other creditors aggregated $142,436, which represented 88.2 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 85.62 per cent of their claims. The First National Bank of Tower City, N. D., was placed in receivership on December 10, 1929, and disbursements, including offsets allowed, to depositors and other creditors aggregated $57,197, which represented 73.7 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 62.18 per cent of their claims. The First National Bank of Huntsville, Tenn., was placed in receivership on February 9, 1933, and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,314, which represented 70.8 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7 per cent of their claims. The First National Bank of Milton, N. D., was placed in receivership on August 11, 1932, and disbursements, including offsets allowed, to depositors and other creditors aggregated $36,016, which

3. June 22, 1935 Richmond Daily Register Richmond, KY

Article Text

The First National Bank of Huntsville, Tenn., was placed in receivership on February 9, 1933, and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,314, which represented 70.8 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7 per cent of their claims.

4. June 24, 1935 The Niles Daily Star Niles, MI

Article Text

The Comptroller of the Currency, J. F. T. O'Connor, has announced that during the month of May, 1935, 14 insolvent national banks were liquidated, the receiverships thereof being finally closed, making a total of 65 receiverships finally closed or restored to solvency since his last annual report to congress compiled as of October 31, 1934. The First National Bank of Havensville, Kansas, was placed in receivership on October 11, 1933 and all depositors and other creditors were paid 100 per cent principal with interest in full at the legal rate amounting to an additional dividend of 6.1857 per cent. Total payments to creditors, including offsets allowed, aggregated $62,006 and the stock holders received $754 together with the assets remaining uncollected. The Montgomery County National Bank of Cherryvale, Kansas, was placed in receivership on May 7, 1931 and disbursements, including offsets allowed, to depositors and other creditors aggregated $153,358, which represented 67.2 per cent of the total liabilities at rate of failure. Unsecured depositors received dividends amounting to 14.63 per cent of their claims. Receive Dividends The Commercial National bank of Independence, Kansas, was placed in receivership on March 14, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $4,438,335, which represented 84.4 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 76.4115 per cent of their claims. The Billings National Bank of Billings, Oklahoma, was placed in receivership on October 17, 1930 and disbursements, including offsets allowed, to depositors and other creditors aggregated $142,436, which represented 38.2 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 35.62 per cent of their claims. The First National Bank of Tower City, North Dakota, was placed in receivership on December 10, 1929 and disbursements, including offsets allowed, to depositors and other creditors aggregated $57,197, which represented 73.7 per cent of the total liabilities at date of failure. Unsecured depositors received dividends amounting to 62.18 per cent of their claims. 70 Pct. Pay Off The First National Bank of Huntsville, Tennessee, was placed in receivership on February 9, 1933 and disbursements, including offsets allowed, to depositors and other creditors aggregated $50,814, which represented 70.8 per cent of the total liabilities at date of failure. Unsecured depositors in this case received dividends amounting to 58.7 per cent of their claims.