First National Bank - Anawalt, WV

Episode Information

Episode UID: 1039201582
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 103920 national
Charter Number: 10392
Start Date: October 15, 1931
Location: Anawalt, West Virginia (37.336, -81.436)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ad2fb45cef93b9c5

Response Measures

None

Receivership Details

Depositor recovery rate: 94.3%
Date receivership started: 1931-10-15
Date receivership terminated: 1938-07-28
OCC cause of failure: Economic conditions
Share of assets assessed as good: 57.0%
Share of assets assessed as doubtful: 36.8%
Share of assets assessed as worthless: 6.2%

Description

Article (1933) describes post-closure receiver actions; known receivership date used below.

Events (3)

1. May 15, 1913 Chartered

Source: historical_nic

2. October 15, 1931 Receivership

Source: historical_nic

3. October 15, 1931 Receivership

Newspaper Excerpt: Judgments totalling $43,153.59 ... which developed from the closing of the First National Bank of Anawalt. ... receiver for the closed institution.
Source: newspapers

Newspaper Articles (1)

1. February 7, 1933 The Roanoke Times Roanoke, VA

Article Text

JUDGMENTS OBTAINED BY BANK RECEIVER Bluefield, W. Va., Feb. 6 (Special).—Judgments totalling $43,153.59 were returned in federal court today involving ten cases which developed from the closing of the First National Bank of Anawalt. Edward O'Toole, Jr., was the principal defendant in the suit brought by Jack Bennett, receiver for the closed institution. All of the ten cases involved notes payable to the closed bank. Upon disposition of these cases, the court opened hearings on 11 other cases, in which the receiver seeks to collect double indemnity from stockholders.