First National Bank - Haleyville, AL

Episode Information

Episode UID: 1161301505
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 116130 national
Charter Number: 11613
Start Date: May 18, 1925
Location: Haleyville, Alabama (34.226, -87.621)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 855ad1c8562e3237

Response Measures

None

Receivership Details

Depositor recovery rate: 44.4%
Date receivership started: 1926-12-17
Date receivership terminated: 1935-08-30
OCC cause of failure: Governance
Share of assets assessed as good: 30.4%
Share of assets assessed as doubtful: 60.9%
Share of assets assessed as worthless: 8.7%

Description

Article announces imminent reopening but does not state suspension date or cause.

Events (4)

1. February 20, 1920 Chartered

Source: historical_nic

2. May 18, 1925 Reopening

Newspaper Excerpt: BANK TO REOPEN ... Maurice Drewery To Head First National At Haleyville ... will be the new president
Source: newspapers

3. December 17, 1926 Receivership

Source: historical_nic

4. * Suspension

Cause Details: Article notes the bank had suspended but gives no cause or trigger.
Newspaper Excerpt: the National which suspended reopen within the The taking place includes
Source: newspapers

Newspaper Articles (1)

1. May 18, 1925 Birmingham Post-Herald Birmingham, AL

Article from Birmingham Post-Herald, May 18, 1925

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Article Text

BANK TO REOPEN Maurice Drewery To Head First National At Haleyville being completed in this city which the National which suspended reopen within the The taking place includes things selection of board of the capital to $50,000 the election Murice Drewry, will be the man. new president the bank. Other ficers not been selected. WORK TO BEGIN ON Work the rail. days the Northern Alabama depot in this city. The new station will be contractors the building. COMPRESS LEASED The Decatur Cotton Compress the company has the plant from doing under the name of the Churchill Compress The local company has bought hte ment present storage space is five and one-half acres.